Major shake-ups in the C-suites of some of the biggest real estate firms in New York are reshaping the leadership landscape across the city as the industry grapples with a prolonged downturn and how best to prepare itself for the next chapter.
Commercial real estate is being buffeted by slow sales, soaring interest rates and recession fears. Plus, there are now wider existential questions about how workers will use the office long-term and what that will mean for the value of the buildings upon which many New York real estate dynasties built… Read the full story here. |