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October 6, 2021

Covid Spells The End For Office Buildings Already On Their Last Legs

[In-Person] Agenda announced: Understanding the Freedom of Flexibility in Modern Workforces with Brookfield & Tishman Speyer Oct. 21

The coronavirus pandemic brought New York City’s office market to a screeching halt, and even as the crisis subsides and a semblance of normality returns, many buildings are facing an uncertain future.

Covid Spells The End For Office Buildings Already On Their Last Legs

“The leasing market’s brutal. It's getting better now and I think it's highly segmented — the term location, location, location for real estate has really morphed into location, location, transportation, as far as I am concerned,” Savanna founder Chris Schlank said at Bisnow’s National Real Estate Finance Summit Tuesday. “People are…

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Court Dismisses Challenge To Howard Hughes' Proposed Seaport Tower

Court Dismisses Challenge To Howard Hughes' Proposed Seaport Tower

The Supreme Court of the State of New York ruled in favor of the city’s Landmarks Preservation Commission in its approval of The Howard Hughes Corp.’s plan to build a 325-foot residential tower in the Seaport Historic District. Supreme Court Justice Robert Engoron dismissed…

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In Delaware, Life Sciences Companies Find A Supportive Home To Work And Grow

PRESENTED BY:   Delaware Prosperity Partnership
 
In Delaware, Life Sciences Companies Find A Supportive Home To Work And Grow

The life sciences market is one of the hottest in the world. The global life sciences analytics market size was estimated at $7.7B in 2020, is expected to reach $8.3B in 2021 and then grow by 7.8% annually until 2028.One U.S. state that has…

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Are Family Real Estate Firms Positioned For The Future Of The Industry?

In the 1950s, when Moishe Sonenreich first set foot in Colorado, he saw a future in real estate. It started small; he bought a duplex and lived on one side while renting the other out. Later, he tried his hand at buying and operating motels, a tough business. By the '80s, when his son, Izzy, joined the family business, he was tipped off to the future of warehousing.

At the time, it was the “butt-end” of real estate, according to his granddaughter Aviva, and the three C's that helped drive industrial real estate to their current heights — Covid, e-commerce and cannabis ​​— weren’t factors. Moishe began picking up smaller spaces for $15 or $20 a foot, properties his family firm now controls, which can go for up to $250 a foot. 

“I don’t think there was any kind of long-term perspective other than generational wealth,” said Aviva Sonenreich, Sonenreich & Co. senior broker, who’s been engaged in the family business since graduation. “That was the goal.” 

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Origin Stories: Newmark Vice Chairman Bill Hill On Depending On An Eclectic CRE 'Cast Of Characters'

 

Bill Hill is a people person, and that serves him well in commercial real estate. The D.C.-based Newmark vice chairman, who specializes in real estate deals involving the federal government, has relied on networking throughout his nearly 20-year career because, as he put it, one needs a “cast of characters” they can trust around them. In CRE, that cast is eclectic — though not as diverse as it should be, he said — and he encourages people he mentors to broaden their network outside of their expertise.

Fresh off getting a bachelor's degree in mechanical engineering and materials science from Duke University, Hill entered commercial real estate in 2002 — there was no other industry he wanted to be in, he said.

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