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Remote work is here to stay but that's not the end of the office building | Jordan on Business


Remote work is here to stay but that’s not the end of the office building | Jordan on Business
Updated Feb 28, 2021;
Posted Feb 28, 2021
Michael McGuinness, chief executive officer NAIOP NJ Chapter, in New Brunswick on Wednesday, February 24, 2021.
Patti Sapone | NJ Advance Media
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Editor’s note:
Jordan on Business is a new weekly column focusing on business, development and workplace issues in New Jersey.
for his archive.)
Many once were vibrant, bustling economic and social centers. Today, a number of business districts across New Jersey have become ghost towns since the coronavirus pandemic forced many of us to work remotely. ....

New York , United States , New Jersey , New Brunswick , Hudson River , Jersey City , Phil Murphy , Eugener Diaz , Michael Mcguinness , Economic Development Authority , National Association For Industrial , Us Supreme Court , Office Parks , National Bureau Of Economic Research , Garden State Parkway , New Jersey Turnpike , National Association , New Yorkers , Prism Capital , Garden State , National Bureau , Economic Research , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , புதியது ஜெர்சி , புதியது பிரன்சுவிக் ,

An unlikely real estate success story amid the pandemic


An unlikely real estate success story amid the pandemic | Jordan on Business
NJ.com
2/22/2021
George E. Jordan, nj.com
© Carucha L. Meuse | For NJ Advance Media/Carucha L. Meuse | For NJ Advanc/nj.com/TNS
Principal partner of Prism Capital Partners, Eugene Diaz, is photographed at the office building in Nutley on Feb. 15, 2021.
(Editor’s note: Jordan on Business is a new weekly column focusing on business, development and workplace issues in New Jersey.)
As soon as COVID turned the economy upside down, struggling office tenants started putting commercial real estate owners under severe stress. They wanted to renegotiate leases, downsize or even opt out of leases. As a result, many landlords now face rent shortfalls and lenders suddenly have been exposed. The vicious cycle has roiled the industry, hitting hotels, malls and retail spaces hardest. ....

United States , New Jersey , Seton Hall University , Eugene Diaz , Caruchal Meuse , Ralph Lauren , Newmark Knight Frank , Maurog Tucci , Eugener Diaz , Meridian School Of Medicine , Eisai Co , Quest Diagnostics , Prism Capital Partners , Capital Partners , Hackensack Meridian School , Modern Meadow , Northern Virginia , Mayor Mauro , New Jersey Transit , Woodbridge Planning Board , Northern New Jersey , ஒன்றுபட்டது மாநிலங்களில் , புதியது ஜெர்சி , செட்டான் மண்டபம் பல்கலைக்கழகம் , யூஜின் டியாஸ் , ரால்ப் லாரன் ,