Phlegethon956
@phlegethon956.bsky.social
200 followers 280 following 160 posts
NYer in the real estate industry. I post about RE, stocks, and urban planning issues. Some soccer/football thrown in.
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phlegethon956.bsky.social
WSJ: Inside the Death Spiral of San Francisco’s Most Storied Mall

San Francisco Centre, once among Bay Area’s top-performing retail centers, is bleeding millions of dollars a year

Unlocked article:
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Inside the Death Spiral of San Francisco’s Most Storied Mall
San Francisco Centre, once among the Bay Area’s top-performing retail centers, is now bleeding millions of dollars a year.
www.wsj.com
phlegethon956.bsky.social
WSJ: The Landmark U.S. Office Buildings That Are on Life Support

Providence’s Superman Building has been empty since 2013, despite a revival effort; ‘It’s dead down here now’

Unlocked article:
www.wsj.com/real-estate/...
The Landmark U.S. Office Buildings That Are on Life Support
Providence’s Superman Building has been empty since 2013, despite a revival effort. “It’s dead down here now.”
www.wsj.com
phlegethon956.bsky.social
WSJ: Tech Companies Can’t Get Enough of This Picturesque Seattle Suburb

Amazon, TikTok and OpenAI are among the firms taking office space in Bellevue, where rents are higher than in the Emerald City

Unlocked article:
www.wsj.com/real-estate/...
Tech Companies Can’t Get Enough of This Picturesque Seattle Suburb
Amazon, TikTok and OpenAI are among the firms taking office space in Bellevue, Wash., where rents are higher than in Seattle.
www.wsj.com
phlegethon956.bsky.social
GlobeSt: Manhattan Sees Record Wave of Office-to-Residential Conversions in 2025

Office towers once symbolic of Manhattan’s corporate power are increasingly being reimagined as places to live....

Unlocked article:
www.globest.com/2025/10/02/m...
Manhattan Sees Record Wave of Office-to-Residential Conversions in 2025
Policy changes and a need for housing supply opened the gates for a surge in development.
www.globest.com
phlegethon956.bsky.social
WSJ: Beverly Hills Is Plunging Headfirst Into a New $10 Billion Luxury Development

One Beverly Hills will include a high-end Aman hotel and condos, plus designer retail shops and restaurants

Unlocked article:
www.wsj.com/real-estate/...
Beverly Hills Is Plunging Headfirst Into a New $10 Billion Luxury Development
One Beverly Hills will include a high-end Aman hotel and condos, plus designer retail shops and restaurants.
www.wsj.com
phlegethon956.bsky.social
WSJ: Lower Rates Are Set to Juice the Commercial-Property Market

New interest-rate easing cycle could lead to more property sales and lending, reversing yearslong slide

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Lower Rates Are Set to Juice the Commercial-Property Market
A new interest-rate easing cycle could lead to more property sales and lending, reversing a yearslong slide.
www.wsj.com
phlegethon956.bsky.social
WSJ: The Waldorf’s Makeover Went a Billion Over Budget—and China Is Footing the Bill

Storied New York hotel fully reopens next month after eight-year saga in which buyer went to prison and Chinese government took over

Unlocked article:
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The Waldorf’s Makeover Went a Billion Over Budget—and China Is Footing the Bill
The storied New York hotel fully reopens next month after eight-year saga in which buyer went to prison and Chinese government took over.
www.wsj.com
phlegethon956.bsky.social
CoStar: Office landlord Paramount agrees to Rithm Capital’s $1.6 billion buyout offer

REIT owns top-tier properties in New York, San Francisco

Unlocked article:
www.costar.com/article/1803...
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phlegethon956.bsky.social
WSJ: The Improbable Revival of Manhattan’s 666 Fifth Avenue Office Tower

The developer Brookfield stripped it down to its steel frame and changed the building’s name as part of a $400 million makeover

Unlocked article:
www.wsj.com/real-estate/...
The Improbable Revival of Manhattan’s 666 Fifth Avenue Office Tower
The developer Brookfield stripped it down to its steel frame and changed the building’s name as part of a $400 million makeover.
www.wsj.com
phlegethon956.bsky.social
TRD: NYC apartment construction plunges as 485x fails to deliver

Developers sideline projects while conversions pick up steam

Unlocked article:
archive.is/y7s02
phlegethon956.bsky.social
Bloomberg: A $340 Million New York Office Makeover Is Converting Boardrooms to Bedrooms

The city’s embrace of adaptive reuse projects is providing much-needed housing stock

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archive.is/FPCq7
phlegethon956.bsky.social
WSJ: New York’s Airbnb Crackdown, in Force for Two Years, Hasn’t Improved Housing Supply

Apartment buildings have fewer rowdy tourists now, but rents keep rising

Unlocked article:
www.tovima.com/wsj/new-york...
New York’s Airbnb Crackdown, in Force for Two Years, Hasn’t Improved Housing Supply - tovima.com
Apartment buildings have fewer rowdy tourists now, but rents keep rising
www.tovima.com
phlegethon956.bsky.social
WSJ: Why a Landmark Settlement on Realtor Fees Hasn’t Cut Costs

The real-estate industry’s landmark settlement reworked how real-estate agents get paid, raising hopes that the costs associated with home buying and selling would come down.

Unlocked article:
www.msn.com/en-us/money/...
MSN
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phlegethon956.bsky.social
WSJ: A Tiny Town Takes on a ‘Zombie Mall’ Giant

Rust, unmown grass and epic potholes mar Namdar Realty’s Pittsburgh Mills in Pennsylvania; building inspector writes 436 citations at once-thriving property

Unlocked article:
archive.is/jJIXg
phlegethon956.bsky.social
WSJ: A 1,225-Foot Sign of Life for San Francisco’s Office Comeback

AI companies drive a surge in leasing, sparking a bet on new development in the hard-hit city

Unlocked article:
archive.is/0sFU6
phlegethon956.bsky.social
Most Department Stores Are Leaving Malls. Dillard’s Is Buying One.

Fashion-apparel retailer and a partner pay $34 million for mall in Longview, Texas

Unlocked article:
archive.is/Ec07m
phlegethon956.bsky.social
WSJ: Soho House Members’ Club to Go Private

A group of investors led by one of the country’s biggest hotel owners struck a deal to take Soho House private, ending a monthslong contest over the fate of the giant members’ club operator.

Unlocked article:
www.msn.com/en-us/money/...
MSN
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phlegethon956.bsky.social
WSJ: A Luxury Real-Estate Builder’s Improbable Comeback Is Starting to Crumble

Michael Shvo risks losing his prized Raleigh hotel and condo development in Miami Beach this week after a slow start to sales

Unlocked article:
www.wsj.com/real-estate/...
A Luxury Real-Estate Builder’s Improbable Comeback Is Starting to Crumble
Michael Shvo risks losing his prized Raleigh hotel and condo development in Miami Beach this week after a slow start to sales.
www.wsj.com
phlegethon956.bsky.social
WSJ: NYC Offices Are Back. Nothing Proves It More Than JPMorgan’s $3 Billion Tower.

The New York City office market is recovering from its pandemic debacle faster than any other in the U.S...

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phlegethon956.bsky.social
WSJ: NYC Builders Are Converting Shuttered Migrant Hotels Into Apartments

New York City developers are seizing an unusual opportunity: converting at least a dozen hotels that housed migrants into new apartments.

Unlocked article:
www.msn.com/en-us/money/...
MSN
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phlegethon956.bsky.social
We live in bizarre times.
phlegethon956.bsky.social
WSJ: How an NYC Suburb Is Actually Managing to Bring Rents Down

New Rochelle embraces development and makes it easy to build, leading to thousands of new apartments

Unlocked article:
www.wsj.com/real-estate/...
How an NYC Suburb Is Actually Managing to Bring Rents Down
New Rochelle embraces development and makes it easy to build, leading to thousands of new apartments.
www.wsj.com
phlegethon956.bsky.social
WSJ: Restaurants Clamor for Retail Space in New York City’s Sizzling Market

‘If you can vent it, you can rent it,’ landlords and brokers boast

Unlocked article:
archive.is/KKntk