The Decisions That Changed Everything – Commercial Observer
People often ask me what the secret was to building a business that sold more than three times…
New York City’s 485-x vs. 467-m: Two Very Different Development Incentives – Commercial Observer
For decades, the comic strip “Goofus and Gallant” has taught generations of children lessons on how to act,…
The New York Knicks Were Stonecutters Last Night – Commercial Observer
Last night, the New York Knicks delivered one of the greatest comebacks in sports history and the single…
The Window for Seizing on New York’s Class B and C Office Rebound Is Closing – Commercial Observer
For years, the narrative surrounding New York City’s Class B and C office market was overwhelmingly negative. Vacancy…
New York City’s Class B and C Office Recovery Is Real — and Accelerating – Commercial Observer
For several years, the narrative surrounding New York City office buildings, particularly Class B and Class C assets,…
Gary Barnett Buys Friars Club Building for $19M – Commercial Observer
Developer Gary Barnett’s Extell Development has purchased New York City’s former home of comedy, the Friars Club building…
New York’s Pied-à-Terre Tax Would Be Economic Self-Sabotage – Commercial Observer
Every few years, Albany revives an idea that may sound politically attractive but is economically destructive: the pied-à-terre…
In New York City, the Ballot Is the New Zoning Map – Commercial Observer
For most of my career, I have told clients that if you want to understand value in New…
New York City’s Rent-Stabilized Buildings Are Becoming a Long-Term Hold – Commercial Observer
Trying to solve the affordability problem in New York City is like banging your head against a wall.…
Record New York Apartment Rents? Blame Policymakers, Not Landlords. – Commercial Observer
New York City’s market-rate apartment rents are reaching levels that would have seemed unimaginable just a few years…
Manhattan’s Long Investment Sales Drought — And Why a Surge May Be Coming – Commercial Observer
For more than four decades, I have been tracking investment property sales in Manhattan south of 96th Street.…
New York’s Kingsbridge Armory Debacle — Or, When Ideology Replaces Common Sense – Commercial Observer
For decades, the massive Kingsbridge Armory in the Bronx has stood empty — a cavernous structure occupying an…