New York

Demand for office space has decreased 20% more during the pandemic than it did during the Great Financial Crisis.

The company will use the funds to expand its residential management platform and take a tech-driven operational approach.

The 215,221-square-foot project is being developed by Blackstone Real Estate's US-based industrial real estate operating portfolio company, Link Logistics, and the Hampshire Real Estate Cos.

New York City Mayor Bill de Blasio delivered another striking blow to property owners when he signed into law N.Y.C. Council Int. No. 1932-A (2020) on May 26, 2020. The new legislation prohibits landlords from enforcing personal guaranties on certain commercial leases for defaults occurring between March 7, 2020 and Sept. 30, 2020.

A study from workplace strategy consulting firm Vocon found that work-from-home fatigue is increasing and productivity is decreasing.

Jason Schwartzenberg has been appointed as executive managing director, following a six-year tenure at JLL, after a 12-year tenure at Savills.