Eric Gural News Today

New Yorks offices are struggling to fill up as remote work continues to be popular. Currently, office occupancy in the city is at 41% of pre-pandemic levels, with just 9% of office workers returning five days a week. Economists are concerned that this trend could lead to a decline in downtown and midtown businesses, a decrease in tax revenue, and a strain on public services.

If the nearly 100 million square feet of office real estate stays empty, who loses?

A dermatology practice expands in Queens, and a prewar warehouse sells in Williamsburg 

The Dermatology Specialists’ offices in Long Island City, Queens, got quite the facelift.

US banks’ unwillingness to lend and building owners’ desperation for credit have created a standoff. Some landlords threaten to default, betting banks and investors stand to lose more in a foreclosure.

Office districts in nearly every U.S. city have been under great stress since the pandemic emptied workplaces and made working from home common.

The health of banks and cities and the nation’s economy could hinge on high-stakes negotiations over commercial real estate loans.

An asset-management firm takes a floor in a Durst building, and a retail building in Union Square finds a buyer

GFP Real Estate Launches ‘Welcome Back NYC’ Campaign Featuring Original Murals by Award-Winning Illustrator Anthony Russo

Inspired by the Positivity, Energy and Optimism Powering the City’s Ongoing Recovery #GFPRECARES Campaign Showcases Uplifting Messages of Hope and...