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May 28, 2024
The Vanbarton Group defaulted on a $90 million Deutsche Bank loan backing 292 Madison Avenue
April 25, 2024
Bushburg plans to convert the skyscraper's offices into residential units.
April 22, 2024
It's easier said than done to convert fiscally distressed office towers into affordable housing.
April 21, 2024
HERNDON, Va. — Juan Ramirez, watching his dog play in Chandon Park here in suburban Virginia on a Saturday morning, tries to imagine the massive office buildings next to the park becoming apartments and townhouses. “I guess it’s inevitable. People don’t use offices as much now. I hope it’s affordable. Maybe it’ll bring more young people […] The post Too many cubicles, too few homes spur incentives to convert offices to housing appeared first on No...
February 28, 2024
New York wants to encourage more office-to-housing conversions. But swapping commercial tenants for residential ones isnโt always easy.
February 7, 2024
A closer look at Vanbarton Groupโs Pearl House project, a 30-story office-to-residential conversion on NYCโs waterfront.
January 24, 2024
NYCIDA approved two tax abatements totaling nearly $100 million for two struggling office properties at 850 Third Avenue and 175 Water Street.
January 17, 2024
The Office Conversion Accelerator, launched by Mayor Eric Adamsโs administration in August, has 46 buildings enrolled in the program.
January 15, 2024
Transforming unused office buildings into urban housing could solve two problems rippling through the real estate world — if only it were so easy.
January 15, 2024
Hybrid work has put office building owners in a bind and could pose a risk to banks. Landlords are now confronting the fact that some of their office buildings have become obsolete, if not worthless.