Happy Holidays From Commercial Observer Editorial

Amid the festivities, allow us a poem about the people, places and trends that animated 2023. Happy Holidays! Dear Amid the festivities, allow us a poem about the people, places and trends that animated 2023. Thank you, as always, for reading. Commercial Observer editorial staff   This time of year we celebrate those in commercial real estate who finance, broker, style and build to keep our year-end stockings filled. So light menorahs, trim the trees and wish for lower vacancies, or haggle out a finance deal while feasting at the Kwanzaa meal. Enjoy year-end festivities (but please do not hand back your keys). Perhaps that star up in the east leads to a building fully leased. So let us wish joyeux noël to companies like JLL, Newmark, Colliers, UBS, and Capital Affinius, JPMorgan, SVN, the Group known as Meridian, L&L and all it’s Holding, Avison, both Young and olding. Cheers to Cushman & to Wakefield, and the Properties of Brookfield. Mention all? I fear we must: the Empire State Realty Trust, Peebles, Kushner, Shvo, Two Trees, Marx and other Realtys, SL Green, CBRE, Rudin, TerraCRG, Invesco, Acore, KKR, Tredway, Hines and RXR. Savills, Blackstone — tip your cap to Marcus & to Millichap. And let a joyful noise be heard for Barclays and Eastdil Secured. Some RE folks have festive names quite suitable for reindeer games. Send Shlomo out to Chopp a tree. For Vincent, a Toye shopping spree. On Christmas Eve, here’s what to do: Hide presents in your Dennis Schuh. Robert, tip your cap at us while we’re on Santa’s Lapidus. Of winter cheer, let’s all partake while watching Nailah’s falling Flake. See the Yule log snap and crackle as we hear from Bob Knakal. We often find that rhyming verse is harder than the Metaverse. At times angelic hosts proclaim the challenge of an awkward name. A Christmas gift of writer’s block came from Abbe Franchot Borok. One rather hoped Chris Niederpruem would choose a Yuletide nom de plume. Jamie Zadra, Nipul Patel made us reach for zinfandel. The challenges of Jake Elghanayan clearly need no explainian’. We carved off a turkey leg for Marx’s Mr. Deitelzweig, while waiting ’neath the mistletoe are rhyme-resistant Zien and Shvo. Odd monikers sometimes defeat us. (Looking at you, Catsimatidis!) But readers, please do not dishearten: We rhymed MaryAnne Gilmartin! Finance often makes us jolly. Jordy Roeschlaub, Dustin Stolly and their busy Newmark minions issued lots of debt opinions. Tim O’Donnell, Tyler Dumon seemed at times quite superhumon. Young Scribani (good Saint Nick) is opposite of Bolshevik. The Signature deal made us holler, “Sixty-nine cents on the dollar?!” Yet, we admire their zealotry in turning debt to equity. Different’s good, or so we’re told, and this year had it hundredfold. Recently a change of scene has decked the halls of Silverstein, while office giant Green (SL) has likewise shuffled personnel. This year we saw Newmark seize both Doug Harmon and Adam Spies. Concerns of bank insolvency killed Signature and SVB. Their doors are now closed to the public. (Same is true at First Republic.) WeWork and Airbnb found trouble up in NYC where Jay-Z’s one of many scrambling in a bid to house some gambling. Think New York’s too cold and clammy? Join the exit to Miami! Griffin’s moving Citadel while Macklowe gentrifies Brickell. Bezos, lord of Amazon, will leave Seattle, Washington, and with his yacht he’ll relocate to mansion(s) in the Sunshine State. (We have DeSantis’s assurance someone’s selling flood insurance.) Work remotely, Zoom and Slack until they call the workforce back. Soon we’ll greet the year’s first quarter giving thanks for bricks and mortar. Pray Fed Chairman Jerome Powell chooses to throw in the towel and declares our nation stronger. (We’re not fans of “higher longer.”) Sing “Lang Syne” and drop the ball Give ’23 its curtain call. In ’24 it’s all good cheer — Oh crap ... it’s an election year!       —By Skip Card, Commercial Observer copy editor [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 2023 [Observer Media]( 1 Whitehall Street, Floor 7, New York, NY 10004 This newsletter was published 12/25/2023