United Airlines is giving up some 150,000 square feet, or over 17 percent of its space, at Willis Tower in Chicago, the third-tallest building in the country and a prized possession of Blackstone, the Wall Street firm. They tripled in Ma-naus, a metropolis tucked deep in Brazil s Amazon a surge similar to what London and Madrid en-ed.dur Tamaine Hamilton grew up in the foster care system, moved into transitional housing three years ago and has spent that time trying to find an apartment that will accept his Section 8 voucher. “Our customers are doing well — most of them are not experiencing a recession,” Mr. Thomas said. “The cases that are filed are a fraction of the discrimination that’s actually experienced,” said Katherine Carroll, an assistant commissioner in its Law Enforcement Bureau. “We are just going to be bleeding lower for the next three to four years to find out what the new level of tenant demand is,” said Mr. Litt, the investor. By Matthew Haag. For Nancy Padilla, who spent 20 years living in shelters after leaving an abusive relationship, the excuses and rejections cited in the lawsuit sounded familiar. SL Green, a major New York landlord, is 26 percent lower. Some were subtle — “I don’t think this apartment would work for your needs,” a Corcoran broker said about a Manhattan apartment — while many were explicit, stating outright that the vouchers would not be accepted. United Airlines is giving up some 150,000 square feet at Willis Tower in Chicago, the third-tallest building in the country. Claudia Perez in a video aired at the Republican National Convention. Many big employers have already given notice to the owners of some prestigious buildings that they are leaving when their leases end. In only a year, the market value of office towers in Manhattan, home to the country’s two largest central business districts, has plummeted 25 percent, according to city projections released on Wednesday, contributing to an estimated $1 billion drop-off in property tax revenue. Section 8 housing recipients typically pay 30 percent of their monthly income toward rent, with the voucher covering the balance of the rent and utilities. A spokeswoman for the Corcoran Group said that the company was committed to “upholding the principles of the Fair Housing Act,” referring to the 1968 federal law, as well as “offering comprehensive education and training programs for our employees and affiliated sales agents.”. Their reasons to think this? As office vacancies climb to their highest levels in … “They are the gatekeepers of housing and get to decide where families live, where they work and where children go to school. “It’s not going away; businesses are going to adjust, and office real estate is going to take it on the chin during that adjustment period.”. Matthew Haag and Patrick McGeehan – The New York Times. — Spotify's headquarters in the United States fills 16 floors of 4 World Trade Center … The New York Times has been awarded 133 Pulitzer Prizes, more than any other newspaper.They won their first prize in 1918 for complete and accurate coverage of World War I, and their most recent in 2018.. SABEW Best in Business Existing-home sales declined in April, with a tight supply and record prices. Published March 15, 2021 Updated March 19, 2021. After Pandemic, Shrinking Need for Office Space Could Crush Landlords, https://www.nytimes.com/2021/04/08/business/economy/office-buildings-remote-work.html. But technology companies’ appetite might not be quite as big as it was earlier. The man who answered, the real estate broker on the listing, said he would be happy to show them the place. These landlords also contend that the properties they own — known in industry jargon as “class A” buildings — will hold up much better than more pedestrian offices or hotel and retail buildings. They cannot be replaced until the city lifts a hiring freeze that has been continued during the outbreak, a commission spokeswoman said. And rents help determine assessments that are the basis for property tax bills. The cities with the lowest return rates are on the coasts, including New York, San Francisco and Washington, Kastle said, where long commutes, often on dysfunctional transit systems, are common. By MATTHEW HAAG Only 15 percent of New York City s office workers have returned. The pandemic is spurring home sales as prosperous city residents seek more space. The New York Times | Aug 29, 2020 at 12:03 PM . “There must be no tolerance for income discrimination.”. The New York City Housing Authority, the country’s largest Section 8 provider, has a wait list of 36,065 applicants, the agency said. A spokeswoman said most complaints are resolved with the office sending a cease-and-desist letter to end the discriminatory practices. After bouncing among shelters, Ms. Padilla finally found an apartment in Queens in 2018 that would accept her Section 8 voucher. They said working from home would fade once most people were vaccinated. By MATTHEW HAAG Tenants are weighing a need for office space in Manhattan. But she said she spent hundreds of dollars on nonrefundable apartment application fees, just to be denied when she mentioned the voucher. They say many corporate executives have told them that it is hard to effectively collaborate or train young workers when people are not together. People trying to leave shelters and survivors of domestic violence are given preference. Jamie Dimon, chief executive of JPMorgan Chase, the largest private-sector employer in New York City, wrote in a letter to shareholders this week that remote work would “significantly reduce our need for real estate.” For every 100 employees, he said, his bank “may need seats for only 60 on average.”. To hear more audio stories from publishers like The New York Times, download Audm for iPhone or Android. An empty conference room in New York, which is among the cities with the lowest rate of workers returning to offices. Shares of Boston Properties, one of the largest office landlords, are down 29 percent from the prepandemic high. The pandemic has hampered the commission’s work — its income discrimination unit is down to three people after two employees left last year, though the commission’s larger staff of attorneys helps out on cases. Nov. 2, 2020. Many of its office workers will keep working remotely, while some employees, like those in marketing, will occasionally meet in SoHo. nytimes.com — A big shift toward working from home is endangering hundreds of locally owned Manhattan storefronts that have been hanging on, waiting for life to return to the desolate streets of Midtown and the Financial District. Because unused vouchers expire in 120 days without an extension, each rejection is a significant setback in trying to find an apartment, which is already difficult in New York’s expensive rental market. “We believe differentiated office product like Willis Tower will continue to attract quality tenants, and that buildings that have invested in amenities, services and technology will be well positioned moving forward,” Nadeem Meghji, head of real estate for the Americas at Blackstone, said in a statement. The suit accuses brokers and landlords of violating the city’s and state’s income discrimination laws, among the most protective in the country for tenants with housing vouchers. Colin Connolly, the chief executive of Cousins Properties, a landlord based in Atlanta, said tech companies would largely keep their office space and expand in places like Atlanta and Austin, Texas. Listen to This Article. “Between legal services providers, civil rights law firms and oversight agencies, there aren’t enough people to deal with this widespread issue,” said Robert Desir, an attorney at the Legal Aid Society, which was involved in the lawsuit. Perez says … In 48 percent of those conversations, however, the broker or landlord ended the conversation as soon as the undercover investigator mentioned the voucher — with some even hanging up, according to the suit. Yet, on average, just a quarter of workers in the 10 biggest urban areas have returned to offices, a rate that has stayed mostly the same for months, according to Kastle Systems, a security company. Some have thrived, like liquor stores. Editor's note: This story is available as a result of a content partnership with The New York Times. By Matthew Haag bostonglobe.com — NEW YORK — The caller was a woman looking to move with her boyfriend into a studio apartment on the Upper East Side of Manhattan, advertised for $1,751 a month. Some of the allegations in the lawsuit mirror findings by the New York City Commission on Human Rights, the agency that investigates claims of income discrimination and that since 2014 has obtained more than $1.2 million in penalties and damages from landlords. Previously, he was a general assignment reporter and a copy editor at The Times. Published Jan. 5, 2020 Updated Jan. 8, 2020. The New York Attorney General’s office also investigates allegations of income discrimination and has a form for tenants to submit complaints. By Winnie Hu and Matthew Haag The New York Times | Jan 22, 2020 at 4:13 PM Employees at DTX, a technology firm based in a loft building in Manhattan’s SoHo neighborhood, on … But as leases slowly come up for renewal, property owners could be left with scores of empty floors.
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