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June 23, 2020

This Week's N.Y. Deal Sheet

New York City moved into Phase 2 of reopening this week, which includes allowing in-person real estate tours, which could help the city's still-stagnant office leasing market. But this week, several multifamily sales and refinancings closed.

TOP SALES

This Week's N.Y. Deal Sheet

Davean Holdings purchased two neighboring apartment buildings at 103 MacDougal St. and 105 MacDougal St. from Feenjon Corp. for $22.25M, property records show. According to The Broker List, The Greenwich Village properties were marketed for $39M in January. Avison Young’s James Nelson, Mitchell Levine, Brandon Polokoff, Gabrielle Simon,…

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Top Stories on Bisnow.com

JLL Reopens Its Chicago HQ JLL Reopens Its Chicago HQ
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Kushner's Times Square Retail Set To Be Sold At Foreclosure Auction

Kushner's Times Square Retail Set To Be Sold At Foreclosure Auction

One of the lenders that helped refinance a Kushner-owned retail condominium on West 43rd Street is moving to have the property sold at auction.A Uniform Commercial Code foreclosure auction for the 251K SF condo at 229 West 43rd St. is set for June 30, Commercial Observer reports, citing an…

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Facebook Looks To Lease Neiman Marcus' Hudson Yards Flagship As Office

Facebook Looks To Lease Neiman Marcus' Hudson Yards Flagship As Office  

Facebook is reportedly considering leasing space in the Hudson Yards mall where Neiman Marcus opened its first New York City location.  The high-end retailer has 188K SF at the Shops at Hudson Yards but filed for bankruptcy last month. It hasn’t been made public if the retailer is closing the…

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Not Every Building Needs 5G Right Now, But You Should Still Plan For It

5G mobile technology is frequently heralded as the future of wireless technology, but not every building needs it — at least, not right now.

The technology uses higher-frequency radio waves than existing cellular networks, allowing for faster download speeds and more connected devices. But realistically, the U.S. is a few years away from a full commercial rollout of 5G technology, and existing 4G wireless networks are still able to meet the needs of most users.

RF Connect Executive Vice President Jeff Hipchen said a lot of the commotion around the immediate need for 5G technology is marketing hype.

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Can’t Touch This: What You Need To Know About Antimicrobial And 'Self-Cleaning' Surfaces

 

On June 2, NPR All Things Considered anchor Mary Louise Kelly stepped into the elevator in her hotel in Atlanta to see, next to the perfectly normal-looking metal elevator buttons, a skinny white sticker with printed text indicating that these were not just any elevator buttons. These were "Self-Cleaning Buttons." 

“Our hotel elevator in Atlanta informs the buttons are now self-cleaning. [Journalist Fatma Tanis] and I are skeptical,” she posted to Twitter. A cacophony of responses echoed her skepticism: “Look like the same old buttons to me,” one commenter responded.

They did indeed look exactly like normal, old elevator buttons. How effective could "self-cleaning buttons" possibly be, and what could be the benefit of alerting the elevator passenger that they even exist?

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3 Strategies For Job Searching In A Pandemic-Induced Recession

By some measures, unemployment in the U.S. is approaching 20%. By others, it is "literally off the charts.

A recent episode of Fast Company's Secrets of the Most Productive People podcast tackled the intimidating prospect of job hunting in the midst of the pandemic-induced recession.

Bisnow spoke to a commercial real estate recruiter for additional input on how to land a new opportunity despite the state of the industry.

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