Akiko Matsuda

For your weekend reading: Customers of bankrupt wine marketplace fought the good fight to save their bottles https://wsj.com/articles/how-a-group-of-wine-buyers-saved-their-bottles-from-liquidation-25a4ba2b?st=5itrf5k8yjqi7w0&reflink=desktopwebshare_permalink via
The Wall Street Journal

How a Group of Wine Buyers Saved Their Bottles From Liquidation Customers of defunct wine marketplace Underground Cellar fought for months to recover their wine. They finally won, if they were willing to pay up.

Here's my latest: Financial troubles of hospitals, especially those small, independent ones in rural communities, are worsening, creating healthcare deserts in one of the richest countries in the world.

Hospital Distress Worsens Amid Labor Scarcity and Inflation Briefly shored up by pandemic funding, more healthcare providers are now struggling or declaring bankruptcy.

The lodging industry has rebounded from the depths of the pandemic, but some business-oriented hotels have been left behind in the recovery. My latest article for the Wall Street Journal.

Business Hotels Face Increased Default Risk in Uneven Travel Recovery Hotels relying on business travel and conferences are encountering refinancing challenges, partly because of falling property values as occupancy rates stay depressed.

Chicken Tetrazzini for thanks to the recipe by plus extra cheese that I had in the fridge. Came out delicious!

The view of Mt. Fuji from the bullet train window

Barclays mourns Queen’s death

Waterline Square buildings look like almost merging with sky

The Palisades looking stunning from the Hudson River Greenway Trail

“Chicken & Pearl Couscous With Moroccan Spices” Came out great!

A cool mural How long has it been here?

An unexpected turn of event! Someone took the two out of the three giant nutcracker dolls guarding the garbage. Live long lives wherever you went!

Nutcracker soldiers on their final guard duty

The year of the tiger celebrated at A lot more people than I expected.

Chocolate crinkles!

Office real estate is at a crossroads, with office workers gaining more flexibility to work from home. But office landlords say their business isn't dead at all. https://therealdeal.com/2021/11/10/office-landlords-tout-optimism-despite-dip-in-occupancy/

Office Landlords Optimistic Despite Dips in Occupancy Office Landlords, including Boston Properties, SL Green, and Vornado Realty Trust, are after Q3 optimistic despite dips in occupancy.

Flex-office provider Industrious hired a new executive to lead the increasing demand from major corporations who want to combine traditionally leased offices and flex ones.
https://therealdeal.com/2021/11/01/industrious-hires-ex-wework-exec-as-chief-growth-officer/

Industrious Hires Ex-WeWork Exec As Chief Growth Officer Flex-office provider Industrious hired former WeWork executive Craig Robinson as Chief Growth Officer ahead of expected IPO.

Office Tenants Procrastinating Hybrid Work Planning Hybrid work models are widespread, but Ernst & Young survey shows majority of businesses have yet to finalize future work arrangements

SL Green Realty foreclosed on a prime retail building on Madison Avenue over a mezzanine loan of less than $4M. This seems to be a successful case of a loan-to-own strategy. Any insight from the community? https://therealdeal.com/2021/10/13/sl-green-snaps-up-ashkenazys-690-madison-through-foreclosure/ via

SL Green Takes Control of Askenazy’s 690 Madison SL Green Realty took control of Ashkenazy Acquisition’s 690 Madison Avenue through a UCC foreclosure process

Multifamily is leading the post-pandemic recovery in NYC's investment sales https://therealdeal.com/2021/10/07/clinton-hill-multifamily-sold-for-34m/ via
The Real Deal

Clinton Hill Multifamily Sold for $34M - The Real Deal Carlyle Group acquires the 40-unit Knitting Factory Lofts building in Clinton Hill, Brooklyn for $34 million.

As investors look for reliable cash flows in the uncertain world, project-based Section 8 housing became a favorite choice https://therealdeal.com/2021/09/28/phoenix-realty-acquires-spencer-equitys-bronx-section-8-complex-for-91m/

Bronx Section 8 Housing Complex Sold for $91M Spencer Equity sold 469-unit Academy Gardens, a Section 8 housing complex in the Bronx, to Phoenix Realty Group for $91 million.

Google is steadily expanding its office footprint in Manhattan, and real estate professionals are loving it. A follow-up story for the $2.1 billion deal announcement via The Real Deal
https://therealdeal.com/2021/09/22/googles-2b-deal-spurs-optimism-for-nycs-pandemic-battered-office-market/

Google’s $2B Deal Boosts Hopes for Manhattan Office Market Manhattan commercial real estate community encouraged by Google’s decision to buy St. John’s Terminal for $2.1B, a major bet on the city’s pandemic-battered office market.