Weekend Wrap-Up: GenAI Threatens Office Demand, High-Speed Rail Rolls Closer, Vornado and SL Green Extend $1B Loan, and More

    [How GenAI Threatens the Use of Office Space in the U.S.]( [Generative artificial intelligence could both damage and bolster demand for conventional offices.](   [High-Speed Rail Between U.S. Hubs May Be Closer Than It Appears]( [Despite federal backing of bullet train infrastructure in the U.S., a truly high-speed future is unlikely while it remains a partisan issue.](   [SL Green, Vornado Extend $1B Senior Loan at 280 Park, Buy Back Mezz at Discount]( [The borrowers also purchased the $125 million mezzanine loan secured by the property for the discount price of $62.5 million.](   [Colliers’ Michael Cohen On Filling All That Empty New York Office Space]( [It all starts with rezoning vast swaths of the city and letting private capital come in.](   [Partnership Between Marty Burger and Andrew Farkas Falls Apart]( [Burger still intends to move ahead with his new firm, which plans to focus on office-to-residential conversions, though without Farkas.](   [Gensler’s Juliette Morgan Leads the Way on Designing for Impact]( [The head of Gensler’s climate action and sustainability practice wants environmentally-friendly design to become second nature.](   [Honk If You Love Congestion Pricing]( [At least publicly, the city’s commercial real estate industry stands behind this summer’s launch of traffic tolls for much of Manhattan.](   [Restaurants Put Proptech on the Menu]( [But there might be too many cooks in the kitchen sometimes.](   [Freddie Mac Adds New Underwriting Standards to Combat Fraud]( [Freddie Mac implements strengthened underwriting standards surrounding property inspection and fraud detection for multifamily loans.](   [Newmark’s Nick Berger Tapped to Lead Leasing for The Moinian Group]( [Berger comes to The Moinian Group after nearly 23 years at Newmark.](   [View in Browser]( | [Advertise]( | [Forward to a Friend]( [Manage your email preferences or unsubscribe]( [Share your thoughts: Help us improve with our quick feedback survey!]( [Commercial Observer]( © Copyright 2024 [Observer Media]( 1 Whitehall Street, Floor 7, New York, NY 10004 This newsletter was published 04/20/2024