A Midtown Movie Theater Will Reopen, Reimagined
Brian Schultz says the time has come for dinner and a movie on West 57th Street. At the same time Schultz is the chief executive of a company that has taken that concept to movie theaters in California and in Dobbs Ferry, N.Y. He has signed a lease to bring it to a theater that went dark in 2021 — the eight-auditorium theater in the triangle-shaped building at 625 West 57th Street. Schultz maintains that people want to go out again — and go to the movies. But with so many films available on streaming services like Netflix, theaters have…
Date 2023-02-16
Author James Barron
THE DURST ORGANIZATION SELECTS SERENDIPITY LABS TO OPERATE FLEXIBLE WORKPLACE AT 205 EAST 42ND STREET
Agreement provides Durst NYC office tenants membership access to on-demand workspace, meeting rooms and event space in all Serendipity Labs tristate suburban locations
Author The Durst Organization
Op-ed: Conventional wisdom about commercial real estate is dead wrong
There's a surge of doom and gloom coming from pundits about the future of New York City's office market. Almost every day I click through stories about the industry's "drought," "crisis" and—my favorite new hyperbole—"doom spiral." I've been in the business since John Lindsay was mayor. I've read countless postmortem headlines for our city and industry from the 1970s recession, the '87 panic, the aftermath of 9/11, the Great Recession and now the pandemic. And I can say with confidence that the conventional wisdom about commercial real estate today is dead wrong. It's true that fewer workers than before the…
Date 2023-01-26
Author Douglas Durst
Fellow Travelers: REBNY’s 2023 Leadership Fellows
When Rudin Management operations manager Natisha Thomas decided to participate in the first Real Estate Board of New York fellows program two years ago, she expected to meet new contacts and learn about areas of commercial real estate outside her expertise What she didn’t expect was a soul-searching enterprise so emotionally revealing that she would wind up in tears. “There’s an exercise called brown bag,” said Thomas. “On the outside of the bag you put how people see you on the outside.” On the inside, people were asked to write how they see themselves, and this became a far deeper…
Date 2023-01-24
Author Larry Getlen
The Corporate Cafeteria Is Broken. So How to Feed Workers?
The corporate cafeteria can be an especially lonely place these days “You used to walk in at 12 o’clock on a Tuesday and stand in line to get something,” said Casey Allen, 46, who works for a division of the agricultural chemical company BASF in Raleigh, N.C. “Now, you walk in and you’re usually first in line.” A paternalistic fixture of white-collar life born of the Industrial Revolution, the office dining room survived the midcentury move to sprawling suburban office parks. It weathered the rise and fall of cubicle culture and power lunches, and more recently, the lavish excess of…
Date 2023-01-23
Author Kim Severson