Many office buildings -- especially older, second-tier ones with high vacancy rates -- are struggling to attract tenants, and could be demolished or converted into residential spaces over the next ...

One of the premier office buildings in New York City might be getting a residential facelift. RXR is exploring whether to convert a portion of 5 Times Square, a 1.1 million-square-foot, 39-story ...

A state agency has given the green light for a major office-to-residential conversion in Times Square. The Empire State Development (ESD) board of directors, which runs the state’s economic ...

The city has been rolling out the red carpet for developers or building owners, trying to entice them to start conversion projects.

News moves fast, and there's not always time to untangle the complex forces driving the day's biggest stories. WSJ Explains breaks down big market moves, business and economic trends, and scientific ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min Nearly 2 million square feet of ...