Just months after taking over 120,000 square feet Downtown at 222 Broadway, WeWork is reportedly taking another 86,000 square feet down the street in a 20-year lease at 25 Broadway.
After a one-year period of free rent, the collaborative work space provider will begin paying in the low-$30s per square foot for the 9th and Read More
Though the city lost hundreds of millions of dollars in tourism revenue following the terrorist attacks of Sept. 11, 2001, a steady rebound in tourism and the closely tied retail market has occurred, perhaps best personified by the rebirth of Lower Manhattan.
“There’s a lot going on Downtown that shows it is stronger and better Read More
“How do you think we fared last year financially?” Cushman & Wakefield New York Metro COO Joseph Harbert asked the brokers and executives assembled Wednesday morning for breakfast in the back room of Michael’s. “Up or down?”
The room was silent.
“Come on—some participation!” Mr. Harbert said.
Ken McCarthy, Cushman’s managing director of research, who Read More
As New Yorkers strolled in Tuesday morning’s balmy 30-degree weather, real estate brokers at a panel on “Deal Making During the Downturn,” also found happiness in lower expectations.
“The market isn’t good,” said Kenneth McCarthy, a managing director at Cushman & Wakefield, who moderated the four-person panel hosted by the Read More
Here’s to hoping he’s right.
In a Nov. 25 internal email to staff at real estate brokerage Cushman & Wakefield, Ken McCarthy, the head of the firm’s research services, declared the recession over:
As many of you know I have been reluctant to call an end to the recession despite the growing chorus of optimism Read More
If commercial real estate brokerages were high schools, brokers would be basketball players, and researchers, the cerebral folks who turn data into decipherable macroeconomic pictures, would be enthusiastic members of the math club.
“We’re nerds and we love it,” said the amiable Ken McCarthy, managing director of New York research for Cushman & Wakefield. Read More
Ken McCarthy stood before an oversize floral arrangement in the glass-enclosed back room of Michael’s on Tuesday and said he feared becoming the next Doctor Doom. The head of New York research for Cushman & Wakefield was referring to legendary Salomon Brothers economist Henry Kaufman, who earned that moniker in the 1970s and 1980s by Read More