Tag: Real Estate (Commercial)

Why the Star of a Big Hollywood Development Is the Sun

ImageThe Epic, a giant new building in Hollywood that will be occupied by Netflix, is outfitted with solar panels.Credit…Hudson Pacific Good morning. (Here’s the sign-up, if you don’t already get California Today by email.) Today, we’re starting off a new week and a new month with this dispatch from Brooks Barnes, who covers Hollywood for […]

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Real Estate Thought It Was Invincible in New York. It Wasn’t.

This was the year that New York bit back against big real estate. First, a slate of Democratic candidates declared that they would not take money from real estate developers. They swept into state office last fall, displacing incumbents who were friendly to the industry. Then in February, Queens officials, bucking the mayor and governor, […]

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Streets Where Cars Aren’t Welcome

Weather: A mostly sunny day, with a high in the lower 50s. Alternate-side parking: In effect until Thursday (Thanksgiving). ImageCredit…Jeenah Moon for The New York Times Mayor de Blasio’s administration has a new plan to create a pedestrian zone in a part of Manhattan that is regularly congested during the holidays: the streets around Rockefeller […]

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Restoring Brooklyn’s Queen of Department Stores

For more than a century, Abraham & Straus was the reigning queen of Brooklyn department stores, the centerpiece of a shopping corridor that in its heyday was the borough’s answer to Manhattan’s Fifth Avenue. Growing to become the fourth largest such store in America, the elegant behemoth was a proud show place — as integral […]

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The Suburban Office Park, an Aging Relic, Seeks a Comeback

When Research Triangle Park in North Carolina opened in 1959, its bucolic setting was considered a major selling point. With office buildings hidden behind grassy meadows and swaths of pine forest, the quiet development was viewed as a perfect spot for the thinkers who went to work at companies like IBM and RTI International. But […]

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WeWork Lost $1.25 Billion in Third Quarter

The rapid expansion of WeWork’s office-space empire caused the company’s losses to balloon in the third quarter, according to a company presentation. WeWork lost $1.25 billion in the three months that ended in September, up from $497 million in the same period a year earlier, according to the document, obtained by The New York Times. […]

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The Designer Bringing Sunlight Back to Manhattan

THE STEEL AND glass towers that have come to define TriBeCa might seem like an ideal landscape for the designer James Carpenter’s studio. After all, he is responsible for some of our era’s most riveting expanses of architectural glass, from the cable-net wall in the atrium of the Time Warner Center to the undulating facade […]

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Awaiting Layoffs, WeWork Employees Seek a ‘Seat at the Table’

In the latest sign of worker activism in tech companies and start-ups, a group of employees at the struggling office-space giant WeWork are calling on management to treat workers humanely as the company prepares to lay off thousands, and to give workers a say in corporate decisions and policies. Alluding to the controversies that have […]

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Second Act for Shuttered Mills Revitalizes New England Towns

In 1997, David Moresi moved back home to North Adams, Mass., to renovate houses, a business he has expanded to include development and property management firms. But recently, he has turned his attention to bigger, vacant properties that abound in New England: mills and factories. Decades after they were shut down, taking thousands of well-paying […]

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Adam Neumann and the Art of Failing Up

Adam Neumann stood on the 57th floor of the Woolworth Building, the neo-Gothic skyscraper that was once the tallest in the world. It was late on a Friday night in 2013, and the WeWork founder and chief executive had just made a move to add the top 30 floors to his rapidly expanding real estate […]

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Deutsche Bank Reported Its Own Russian Deal as Suspicious

Deutsche Bank was already under federal investigation for helping wealthy Russians launder money when it struck a deal last year to sell a property it co-owned in California. The $72 million sale of an office complex might not have been notable, except for one thing: The purchaser was linked to the son of a former […]

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1.5 Million Packages a Day: The Internet Brings Chaos to N.Y. Streets

An Amazon order starts with a tap of a finger. Two days later — or even in a matter of hours — the package arrives. It seems simple enough. But to deliver Amazon orders and countless others from businesses that sell over the internet, the very fabric of major urban areas around the world is […]

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‘It’s Definitely Pretty Empty’: Why Saving WeWork Will Be Hard

Even as WeWork was scrambling to secure a financial bailout last week, Sebastian Gunningham, one of its co-chief executives, made time to oversee the opening of Dock 72, an immaculate shiplike building on the Brooklyn waterfront that houses one of the company’s newest shared working spaces. As Mr. Gunningham posed for a ribbon cutting with […]

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Wegmans and Nordstrom Finally Make It Here

Weather: Sunny with a light breeze and a high in the mid-60s. Expect more sun tomorrow, and rain on Sunday. Alternate-side parking: In effect until Sunday (Diwali). ImageCredit…Julia Weeks/Associated Press Big-box retail is dying … to get to New York. That’s the impression, at least, that one can get when seeing the behemoths opening this […]

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WeWork Considers Rescue Plans From SoftBank and JPMorgan

The board of WeWork, the cash-starved purveyor of shared office space, is weighing competing financial rescue packages from SoftBank and a financial consortium led by JPMorgan Chase, according to two people with knowledge of the matter. SoftBank, a Japanese technology giant that is already the largest outside shareholder in WeWork, is offering to take a […]

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WeWork Warns Tenants That 2,300 Phone Booths May Be a Hazard

WeWork, the shared-office company already coping with a failed public offering and a corporate shake-up, disclosed a new problem on Monday: possible formaldehyde contamination of hundreds of phone booths at some of the buildings it leases. In a note to tenants at an unspecified number of its sites in the United States and Canada, the […]

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The Green Revolution Spreading Across Our Rooftops

When David Michaels moved to Chicago this year, he chose the Emme apartment building in part because of the third-floor green roof, which has a lawn, an area for grilling, fire pits and a 3,000-square-foot vegetable garden. “The green space was a huge factor in choosing this apartment,” Mr. Michaels said. “My wife and I […]

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New York City Wants to Put a Climate Change ‘Laboratory’ on Governors Island

[Want climate news in your inbox? Sign up here for Climate Fwd:, our email newsletter.] Governors Island, a 172-acre patch of land near southern Manhattan that is vaguely shaped like an ice cream cone, has been many things over time: An outpost of the Dutch West India Company, a Civil War prison for Confederate soldiers, […]

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As WeWork Slows Down, Biggest Competitor Says It’s Thriving

In a few dizzying days last month, WeWork replaced its chief executive, withdrew its initial public offering and said it was slowing its breakneck expansion. But the business that WeWork is in — providing office space on flexible terms to professionals and businesses — can produce solid returns. Over the past 20 years, Mark Dixon, […]

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WeWork Formally Withdraws Its I.P.O. After Investors Balked

WeWork shelved its plans for an initial public offering on Monday, days after its chief executive resigned under pressure. It was the latest sign of trouble at the fast-growing company, which rents out shared office space, and was until recently considered one of the world’s most valuable start-ups. But investors balked at buying shares in […]

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Trump Organization Receives Approval to Expand Golf Resort in Scotland

WASHINGTON — Despite opposition from many local residents, the Trump Organization on Thursday received approval in Scotland for what will be the largest new company-financed real estate development project since President Trump was elected: a major expansion of its golf resort near the northeast port city of Aberdeen. The plans call for the construction of […]

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