Tag: Real Estate (Commercial)

How to Choose the Right New York City Suburb

For some New Yorkers, urban life is a phase, to be experienced between college and the birth of a first or second child. The question of moving to the suburbs is not “whether,” so much as “when.” Now with the pandemic, the timetable for departure is accelerated. “The calls started coming in: ‘We’re ready,’” said […]

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For Robots, It’s a Time to Shine (and Maybe Disinfect)

The Neo is a four-foot-tall, 1,000-pound robot floor scrubber. The high-tech machine can cruise large commercial buildings on its own, with no human supervision required. Since its introduction in 2016, Neo’s sales have roughly doubled each year, said Faizan Sheikh, the chief executive and a co-founder of Avidbots, the Canadian start-up that created the robot. […]

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Facebook Bets Big on Future of N.Y.C., and Offices, With New Lease

Facebook on Monday agreed to lease nearly all of the office space in the mammoth 107-year-old James A. Farley Building in Midtown Manhattan, cementing New York City as a growing global technology hub and reaffirming a major corporation’s commitment to an urban office-centric culture despite the pandemic. With the deal to take the 730,000 square […]

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A Better Year for Trump’s Family Business (Last Year, That Is)

Before the coronavirus ripped through the country, upending President Trump’s family business and the broader hospitality industry, the company last year showed modest gains, according to Mr. Trump’s annual financial disclosure report released late Friday. The disclosure report, which offers the only official public detailing of the president’s personal finances, had been delayed for months […]

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Urban Explorers Give Modern Ruins a Second Life

For Jake Williams, nothing means success like wrack and ruin. Mr. Williams had studied business marketing in college before withdrawing and pursuing a full-time career as an urban explorer, researching and telling the stories of abandoned properties. He films his excursions and, as the producer of Bright Sun Films, shares them on YouTube. The subjects […]

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Empty Towers, No Power Lunches: Ghostly Midtown Is Omen for N.Y.C.

Editors and account managers at the Time & Life Building in Midtown Manhattan could once walk out through the modernist lobby and into a thriving ecosystem that existed in support of the offices above. They could shop for designer shirts or shoes, slide into a steakhouse corner booth for lunch and then return to their […]

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Ascena, Owner of Ann Taylor and Lane Bryant, Files for Bankruptcy

The owner of Ann Taylor and Lane Bryant, which just a few years ago was one of the country’s largest clothing retailers for women and girls, filed for bankruptcy on Thursday, after declining sales and high debt were exacerbated by store closures mandated by coronavirus lockdowns. The company, Ascena Retail Group, will close “a select […]

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The One Change That Could Save Your Neighborhood Stores

For the typical small business, rent is an enormous expense, second only to payroll. And there’s no blueprint for how small-business owners should deal with their landlords during an economy-toppling pandemic. Here’s one option: ignore your landlord and plan on resuming rent payments when sales hopefully improve, and try to not get evicted in the […]

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