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phlegethon956.bsky.social
NYer in the real estate industry. I post about RE, stocks, and urban planning issues. Some soccer/football thrown in.
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WSJ: Can This Developer Make West Palm Beach Into the Hottest City in America? At 84, real-estate tycoon Stephen Ross is spending a fortune on his vision to transform the area into a rival to New York and San Francisco Unlocked article follows: archive.is/4lJMs

Friedrich Merz, Germany's new chancellor, pledged support for Ukraine will be a top priority for his government and that it must "win the war". "Victory means restoring territorial integrity" and "we are not neutral, we are not standing aside. We are on the side of Ukraine.” #GermanElection #CDU

TRD: Landlord group pitches 485x-like tax break for stabilized buildings NYAA seeks relief for rent-stabilized owners Unlocked article: archive.is/3h4P8

Bloomberg: Dubai Developers Score Red-Hot Profits From Global Homebuyers The party is still raging on for Dubai’s property developers.... Article: www.bloomberg.com/news/article...

CO: CRE Principals and Investors On How to Actually Use AI in the Everyday Yes, you can shed tedious tasks. What else? A recent Commercial Observer forum sought answers. Unlocked article: archive.is/cKzSZ

NYBJ: New York City leads the US in plans for office-to-apartment conversions New York City has overtaken Washington, D.C., as the country's leader in office-to-apartment conversions. Unlocked article: archive.is/sFu4s

WSJ: Amazon, King of Online Retail, Can’t Seem to Make Its Physical Stores Work The e-commerce giant is closing more of its convenience stores; ‘I don’t think they really understand retail,’ a consultant says Unlocked article: archive.is/of07m

Realtor.com: The Mortgage Lock-In Effect Is Waning as Sellers Flood the Market Some segments of the U.S. residential real estate market started to thaw in January after December’s deep freeze, with a growing number of homeowners listing... Unlocked article: www.realtor.com/news/trends/...

WSJ: Your Next Apartment Rental May Also Be a Marketing Campaign Branded residences are expanding from multimillion-dollar penthouses to affordable rentals like New Jersey’s Fiat House Unlocked article: www.wsj.com/articles/you...

Owning a New York City Co-op Isn’t the Status Symbol It Used to Be www.wsj.com/real-estate/...

WSJ: Investors Who Shunned the U.S. Office Market Are Coming Back Landlords note a pickup in leasing activity as more businesses require workers to return to the office Unlocked article: archive.is/GwCDu

Bloomberg: US New-Home Sales Beat Estimate, Rising for Second Straight Year Sales of new US homes ended 2024 on a high note in December as customers took advantage of incentives from builders, leading to a second straight year of increased purchases. Unlocked article: archive.is/j8q13

WSJ: Burlington Sees the Future of Retail. It Looks Much Smaller With the off-price sector outperforming again, Burlington takes aim at Ross Stores and TJX Unlocked article follows: archive.is/dS0Nb

NYT: New York City Seeks Jolt for Midtown With Plan to Build 10,000 Homes The plan, which rezones parts of the Manhattan neighborhood, aims to address the city’s housing shortage and the area’s beleaguered commercial sector. Unlocked article: www.nytimes.com/2025/01/21/n...

New York City Seeks Jolt for Midtown With Plan to Build 10,000 Homes www.nytimes.com/2025/01/21/n...

WSJ: Giant Commercial-Property Firm Goes All In on Co-Working With New Deal CBRE is purchasing the rest of Industrious as more employees return to the office Unlocked article: archive.is/Vhlbr

WSJ: Wall Street Thinks U.S. Homes Are Overpriced Housing could be overvalued by anywhere from 10% to 35% based on how investors are acting Unlocked article: archive.is/BitBK

WSJ: Warehouse Leasing Prices Are Holding Up Despite Declining Demand A steep cutback in new construction leaves tenants facing continued high rents after rates soared during the pandemic Unlocked article: www.wsj.com/articles/war...

WSJ: The U.S. Has More Fancy Apartments Than It Is Able to Fill Real-estate developers have built a glut of high-end properties instead of badly-needed affordable housing Unlocked article: archive.ph/FG6Cs

Disinformation similar to the pro-russian "matryoshka" campaign is emerging on Bluesky, using deepfakes and fake profiles to spread pro-russian messages, prompting calls for more proactive action from the platform. today.rtl.lu/news/busines...

GlobeSt: New York Governor Takes Aim at Wall Street's Home Buying Activities Its outcome could have far-reaching implications for housing policy across the US. Article (free signup): www.globest.com/2025/01/10/n...

WSJ: Even With an Office Glut, Firms Can’t Find the Kind of Space They Want Developers are planning new office projects to meet the demand for high-quality workspace Unlocked article: www.wsj.com/real-estate/...

CO: New York’s 485x Incentive Has Developers Settling on a Magic Number That could mean long-term trouble in solving the city’s housing crisis Unlocked article: archive.is/FroND

WSJ: The Data-Center Boom Eats Up a Lot of Land. Atlanta Says It’s Gone Too Far. Artificial intelligence race fuels a rush for big computing facilities that provide plenty of power Unlocked article: www.wsj.com/real-estate/...

NYC is turning a home for garbage trucks into affordable housing on Staten Island gothamist.com/news/nyc-is-...

NYT: A Look at Real Estate in New York City in 2024 With the year safely in the rearview mirror, StreetEasy looked at the most sought-after amenities and neighborhoods. Unlocked article: www.nytimes.com/2024/12/29/r...

BI: Higher interest rates, oversupply, and rising costs have battered commercial real estate. Will 2025 be different? Unlocked article: archive.is/C5IRM

WSJ: Wall Street Landlords Loved These D.C. Suburbs. Rent Control Ended That. Montgomery and Prince George’s counties limit rent increases to the lower of either 6%, or 3% plus the inflation rate Unlocked article: www.wsj.com/real-estate/...

WSJ: GM Plans to Overhaul Detroit’s Iconic Towers. A Battle Is Brewing With Taxpayers. The $1.6 billion proposal calls for $350 million in public subsidies Unlocked article: archive.is/MRA4D

WSJ: Malls Are Betting You Still Want That Gucci Bag—at a Discount High-end brands in outlet shopping centers draw bargain-seekers as retail continues recovery Unlocked article follows: www.wsj.com/real-estate/...

Bloomberg: The New York Luxury Housing Market Is Back - Contracts to buy some of the most luxurious properties are up - Buyers are benefiting from easing prices, stock market gains Unlocked article: archive.is/GO5Hu

CO: 2024 Was the Year Return to Office Finally Tipped in Real Estate’s Favor More than four years after the initial pandemic lockdowns, evidence mounts that a large-scale trend is finally underway Unlocked article: archive.is/BnftT

If you want to understand why healthcare pricing is horrific, the first thing to know is that our system puts 100% of the credit risk for deductibles, copays and co-insurance on hospitals and doctors. That's insane. We have turned them into Sub Prime Lenders 🧵

WSJ: New York City’s Biggest Office Landlord Offers a Glimpse of the Market’s Comeback Few investors are benefiting more from the office market’s budding recovery than SL Green Unlocked article: archive.is/yotKX

CO: New York City Council Gives Final Nod to Adams’s City of Yes New York City Council gave Mayor Eric Adams’s sweeping plan to overhaul the city’s zoning in an effort to boost more housing production the seal of approval Thursday.... Unlocked article: archive.is/3TzV2

GlobeSt: Top Apartment Supply Markets for 2025 Half a million new apartments are expected to be delivered across the country next year. Unlocked article: www.globest.com/2024/11/27/t...

WSJ: America’s Biggest Apartment Owner Takes a Leap Into Modular Homes Greystar to open its first U.S. modular project, a six-building apartment complex in Pennsylvania, and is building six more Unlocked article: archive.is/UXiu3

WSJ: Office Conversions Find New Life After Property Values Plunge Office-to-residential conversions are gaining traction, helping revitalize depressed business districts Unlocked article: archive.is/Q6ZwU

WSJ: These Bricks-and-Mortar Stores Thrive in an Online World T.J. Maxx, PetSmart and others adapt to competition from e-commerce, as retail landlords point to shoppers’ love of the ‘treasure hunt’. Unlocked article follows: www.wsj.com/business/ret...

You're not "late to the party" when you enjoy an old book for the first time. Books don't have an RSVP deadline. The party started long ago, and guests show up when they're meant to.

Alibaba Anoints New Chief in Revamp of Stalling Commerce Arm www.bloomberg.com/news/article...

Plugging 66 space heaters into this bad boy