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It Was A Bad, Perfect Storm

A report from Bolly Inside. "Flexible workspace provider Knotel has filed for bankruptcy and has announced plans to sell its business to listed real estate services company Newmark, the company said on Sunday. The pandemic has punished several workspace companies.…

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Now This Illusion Is Faltering

It's Friday desk clearing time for this blogger. "Sidney Kimmel just sold his lavish Manhattan condo for about $20 million. Kimmel was original asking $39.5 million for the home in December 2018. Kimmel and his wife bought the apartment in…

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Investors Are Weakening

A report from Real Estate Weekly on New York. "The City’s largest organization of landlords of rent-regulated apartments is calling on the city to freeze this year’s property tax assessments. The city’s new tax assessment roll shows the value of…

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There Is A Lot Of Hurt Coming

A weekend topic starting with Bisnow New York. "New York City’s commercial property values are expected to fall substantially this year. A summary of the past year said that the real estate markets 'collapsed' after the coronavirus gripped the city,…

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