Real Estate

Facing the adversities of bankruptcy, luxury retailer Saks showcases the epitome of American business resilience by leveraging its real estate holdings to maintain operations. This strategic maneuver not only secures the livelihoods of numerous employees but also serves as a testament to the effectiveness of free-market principles in fostering innovation and sustainability within the corporate sector. Saks’ actions underscore the importance of property rights and entrepreneurial freedom in navigating the complexities of today’s economy.

In a display of sharp business maneuvers amidst financial turmoil, luxury retailer Saks has cleverly leveraged its real-estate assets to keep its opulent doors wide open, sidestepping the repercussions of its bankruptcy filing. This move, while ensuring the continuation of an elite shopping sanctuary for the wealthy, raises questions about the broader economic system's fairness and the urgent need for stronger regulations to ensure a level playing field.

SAKS GLOBAL-BANKRUPTCY/REALESTATE (FOCUS, PIX, GRAPHICS):FOCUS-Luxury retailer Saks leans on real-estate rights to keep doors open during bankruptcy

Office demand is tightening according to Liz Hart, Newmark President of Leasing for North America. She tells Matt Miller why 2026 ...

As New York City's commercial real estate market experiences a significant upturn, Liz Hart, Newmark President of Leasing for North America, shares an optimistic outlook with Matt Miller on the city's economic resilience and future job opportunities. With demand for office spaces surging, Hart's analysis suggests a promising horizon for NYC's economy well into 2026. This revival is seen as a testament to the city's enduring appeal to businesses and a rebuttal to critics of post-pandemic recovery strategies.

In an age where the gap between the affluent and the working class continues to widen, Newmark's President of Leasing for North America, Liz Hart, discusses with Matt Miller the surprising uptick in demand for office spaces in New York City. This trend, she forecasts, might persist into 2026. While the commercial real estate market appears to flourish, critics argue that such growth highlights the stark disparities within the city, questioning who benefits from this boom as remote work remains a distant dream for many essential workers.