The Sinreich Group

Attorneys at Law

(212) 317-1131

The Sinreich Group is a New York City based real estate law firm that represents public and private sector clients in connection with the acquisition, development, leasing, financing, repositioning and disposition of real estate throughout the country.

Bite Size Breaking News

Welcome to Bite Size Breaking News. We post every other Monday by noon. Have lunch with The Sinreich Group and get the latest real estate news in easily digestible “bite size” portions.

The WeWork Takeover — Losing Money & Gobbling Up Space

WeWork reported that it lost $1.22B during the first nine months of 2018, in spite of which its self-reported valuation increased to $42B as the result of a recent $3B investment from SoftBank. According to WeWork, it is the largest tenant in New York, London and Washington with 335 locations covering 15.5M square feet in 24 countries. By the end of 2018, WeWork projects that 400,000 individuals will be using its office space. Learn more

How Starbucks Affects Single Family Home Prices

According to the brokerage information website Zillow, as reported by McKinsey, the price of homes in Boston within a quarter of a mile of a Starbucks increased by more than 171% between 1997 and 2014, 45% more than all homes in Boston. Learn more

Bricks vs Clicks: Capturing 2018 Holiday Shopping Dollars

According to the International Council of Shopping Center’s research, 90% of holiday shoppers plan to make purchases from brick-and-mortar stores, and that rises to 95% if online purchases from brick-and-mortar retailers are included. Shoppers in general reported that they plan to spend an average of $706 on holiday gifts, while Millennials reported an average intended spend of $613, Gen-X’ers reported $896 and Baby Boomers reported $697. Learn more

Amazon’s HQ2 Locations — The Urbanization of Close-In Suburbs

Amazon’s choice of Long Island City, New York and ‘National Landing’, Virginia for its HQ2 headquarters locations is consistent with one of the trends noted in Emerging Trends in Real Estate 2019. Namely, that suburbs in close proximity to urban areas are themselves morphing into urban locations that combine housing, office, and retail uses with open space. Both Long Island City and National Landing share these characteristics, as well as close proximity to one of Amazon CEO Jeff Bezos’ homes. Learn more

U.S. Office Vacancy Stable in 2018 Q3

According to Urban Land Magazine and based on the most recent Savills Studley Report: National Office Sector, the 2018 Q3 vacancy rate for office space in the United States of 18.1% was unchanged from the prior quarter. San Francisco had the lowest vacancy rate at 9%, then Boston/Suffolk County at 9.7%, NYC at 11.6% and Austin at 12.8%. Learn more

Bite Size Breaking News

Welcome to Bite Size Breaking News. We post every other Monday by noon. Have lunch with The Sinreich Group and get the latest real estate news in easily digestible “bite size” portions.

Q3 Retail Real Estate Results Up in Every Category

According to CBRE, retail real estate experienced increased sales, rents and occupancy levels in the 3rd quarter of 2018 across every shopping center category. Total retail sales increased by 6.1% year-over-year in Q3, net asking rents increased by 4.3% and the overall retail real estate availability rate (whether leased or not) fell slightly to 6.4%. Learn more

Walmart Town Centers

According to a recent presentation by Walmart V.P. of U.S. Realty Operations, L.B. Johnson, Walmart is planning to transform its parking lots into dynamic “town centers” offering a mix of uses including restaurants, shops, parks, entertainment and residential. Dubbed Walmart Town Centers, these projects will provide pedestrian connectivity from Walmart stores to ‘experiential zones’ designed hand in hand with local communities. The first of these developments is slated to occur at the Walmart Supercenter in Loveland, Colo. Learn more

Climate Change Poses Significant Risk to Institutional Real Estate

According to a recent study by Heitman and Four Twenty Seven, institutional real estate worth $360B is located in the top 20% of metro areas vulnerable to sea level rise. Gateway cities located in these areas, including New York, San Francisco, Miami, Ft. Lauderdale and Honolulu, continue to attract significant allocations of institutional real estate investment notwithstanding their exposure to climate change risks. Learn more

Opportunity Zone Regulations Issued

The Treasury Department and the IRS recently issued proposed regulations and guidance for the new Opportunity Zone tax incentives. These incentives were created by the 2017 Tax Cuts and Jobs Act to spur investment distressed communities throughout the U.S. Under a nomination process completed in June 2018, 8,761 qualified Opportunity Zones were designated. Investors in these zones will be able to defer tax on capital gains generated by these investments until December 31, 2026. Learn more

Cyber Security & Real Estate: What You Need to Know

The rise of intelligent buildings and the proliferation of technology throughout the real estate industry allow increasingly sophisticated cyber criminals greater opportunities to attack. Join Ellen Sinreich and ULI NY on November 7th for a conversation with leading industry experts about how to protect your real estate without crippling your ability to function. Register here

Bite Size Breaking News

Welcome to Bite Size Breaking News. We post every other Monday by noon. Have lunch with The Sinreich Group and get the latest real estate news in easily digestible “bite size” portions.

Urban Land Institute (ULI) Fall Meeting

Thousands of real estate professionals gathered in Boston recently for ULI's Fall Meeting. Keynote speakers included Scott Galloway, NYU marketing professor and best selling author The Four: The Hidden DNA of Amazon, Apple, Facebook and Google and Harvard social psychologist Amy Cuddy who stressed that power is about confidence rather than arrogance. Learn more

Talent & Economic Diversity Connect 2019 Top Real Estate Markets

According to the 2019 Emerging Trends in Real Estate report, which was presented at the ULI Fall Meeting, the top real estate markets in 2019 will be Dallas/Fort Worth, Brooklyn, Raleigh/Durham, Orlando, and Nashville. In addition to talented labor pools and high business start up rates, the report cites the urban, industrial appeal of Brooklyn, the friendly business climate and cost structure of Orlando, and the projected growth of science and technology jobs in Raleigh/Durham and Nashville as key attractions. Learn more

Real Estate Technology Attracts $12.5B Investment

$12.5B has been invested in real estate technology over the past two years according to Brad Greiwe, managing partner of Fifth Wall, a realtech venture capital firm. Greiwe predicted, at the ULI Fall Meeting, that the real estate industry will undergo a radical transformation as a result of a multitude of technological innovations, including autonomous bulldozers, drones and other ‘robotic’ devices, as well as blockchain and other digital tokens that will facilitate fractional real estate ownership. Learn more

Affordable Housing for the Middle Class — A Missing Piece

The lack of affordable housing for the middle class is one of the biggest opportunities for home builders and multi-family developers according to a panel of industry executives who spoke at the ULI Fall Meeting. Skyrocketing land and construction costs have pushed developers to focus on the the top tier of the market. As a result, only 20% of today's new homes are affordable by 50% of the population, down from 2002 when 40% of new homes were affordable by 50% of the population. Learn more

Cyber Security & Real Estate: What You Need to Know

The rise of intelligent buildings and the proliferation of technology throughout the real estate industry allow increasingly sophisticated cyber criminals greater opportunities to attack. Join Ellen Sinreich and ULI NY on November 7th for a conversation with leading industry experts about how to protect your real estate without crippling your ability to function. Learn more and register

Bite Size Breaking News

Welcome to the inaugural issue of Bite Size Breaking News. We post every other Monday by noon. Have lunch with The Sinreich Group and get the latest real estate news in easily digestible “bite size” portions.

Brick-and-Mortar Retail Captures Back to School Sales

According to Shopping Centers Today, brick-and-mortar stores captured 74% of all school supplies purchased this year, and 88% of all back-to-school shoppers made a purchase in a physical retail store. Learn more

Commercial Real Estate Prices to Increase 5% Annually

45 economists/analysts at 32 leading real estate organizations surveyed for the semi-annual ULI Real Estate Economic Forecast project a 5% increase in commercial real estate prices per year over the next 3 years and a "modest" increase nationally in vacancy rates. Learn more

Cyber Security Creates Capital Opportunity

In 2017 1.4M square feet of space was leased nationally to cyber security firms, up from 800,000 square feet in 2016. 75% of this space was in the San Francisco Bay Area, with Washington, D.C. a distant second at just under 10% of the total, followed by Detroit, Dallas and New York City. Learn more

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