The Real Deal - New York Real Estate News

Plan would convert London offices into 1,500 apartments

Posted: 01 May 2021 09:00 AM PDT

The City of London plans to convert empty office spaces into apartments over the next decade. The City of London Corporation, the governing body for the roughly square-mile district at the center of the wider city of London, wants to create 1,500 apartments by 2030 under a plan released Tuesday, according to the New York Times. The City of London sits on the north side of London Bridge and is the British capital’s central financial

Influencer co-working, Knicks practice space: The future of NYC real estate?

Posted: 01 May 2021 07:30 AM PDT

Wondering what could become of unused commercial space in Manhattan? Hype house-esque influencer co-working spaces and an esports facility were among the ideas pitched by students in Columbia University’s Real Estate Development Program. The projects were the close of a semester-long course, Real Estate Media and Marketing, taught by The Real Deal Publisher Amir Korangy. For the competition’s judges — Lightstone Group CEO David Lichtenstein and JDS Development Group CEO Michael Stern — the winning

Rents declined on most Asia-Pacific retail strips last year

Posted: 01 May 2021 06:00 AM PDT

Rents declined on two-thirds of retail strips in the Asia Pacific region in pandemic-ravaged 2020. Hong Kong’s retail districts saw the most significant decline of any submarket in the region. Rents fell 43 percent over the year, according to a Cushman & Wakefield study reported by Business of Fashion. Still, Hong Kong remained the most expensive place in the region to rent retail space, followed by Tokyo and Sydney. Meanwhile, mainland China saw the lowest