Cara Eisenpress

New York

Managing Features Editor at The Real Deal

Features editor, @trdny. Prof @newmarkjschool and @lehmancollege. Cookbook author, @crainsnewyork alum

Articles

Real Estate Wants In On Short-Term Rental Revenue

Jun 16, 2024 | therealdeal.com | Kevin Cifuentes |Cara Eisenpress

Multifamily buildings seeking any possible extra source of cash flow and operators looking to attract a new type of nomadic tenant are adding short-term rentals to their long-term plans. “In the first days when you can come in right away with furnished rentals in a great location, we can rent 20 or 30 percent of units right off the bat,” said Alex Chatzieleftheriou, CEO of furnished rental company Blueground.
50 Properties Use NYC’s Supermarket Incentive. Does it Work?

May 28, 2024 | therealdeal.com | Steven Dilakian |Ted Glanzer |Cara Eisenpress

Multifamily developer Sam Eshaghoff likes to eat healthful food. But in some parts of New York City, he has a difficult time finding any. “You go to some neighborhoods and there’s no shops,” Eshaghoff said. “It’s not a matter of you’re not looking hard enough. It’s that it doesn’t exist.”Sometimes the best he can do is a single piece of fruit.
Why Empty Offices Are Being Converted to Coworking Spaces

Mar 17, 2024 | therealdeal.com | Kevin Rebong |Cara Eisenpress

The quest to fill up empty commercial space has led landlords to repurpose offices as film studios or self-storage units. And after years of mounting expectations, residential conversions are finally picking up steam, but it’s going to be a long ride. So the quickest fix, especially as WeWork retreats, is coworking. For landlords, this is a solution that doesn’t require the peppy branding of WeWork or pink sofas of The Wing.
Startup founder says tech can help alleviate New York's housing crunch

Sep 12, 2023 | crainsnewyork.com | Cara Eisenpress

The decentralization of regulation from small municipal authorities has a system that doesn't use technology at all. It rewards the use of paper and slow-moving processes. The majority of building departments require paper, and nothing can be done online. Information that should be flowing freely to promote development is bottlenecked. When you extract that further-to how trades communicate and bid, to insurance and bonding and to state-level regulation-none of that is online.
Tax-planning software firm April turns to AI to power growth by Tax Day

Sep 7, 2023 | crainsnewyork.com | Cara Eisenpress

To get there, April has integrated with a dozen financial institution partners, added key staff members and turned the tax code over to artificial intelligence tools. "The tax experience today is retrospective," said Ben Borodach, April's co-founder and CEO. "It's a static compliance experience that makes household financial decisions more difficult." April instead gives its users the ability to model out the tax implications of a given financial change, like a sale of equity or a job offer.
Five years after Amazon pulled out, Queens grows its tech sector

Sep 5, 2023 | crainsnewyork.com | Cara Eisenpress

Hu and his team now have a space at the incubator programs's LaGuardia Community College location. He said that the tangible benefits of the office space and conferences would make a difference to the company, especially as it launches its next phases of growth. Pongspace has so far launched a search and booking tool for finding places to play table tennis-which has 16 million U.S. players, though has not become quite as trendy as other immersive racquet-ball sports.
Five years after Amazon pulled out, Queens grows its tech sector

Sep 5, 2023 | crainsnewyork.com | Cara Eisenpress

Hu and his team now have a space at the incubator programs's LaGuardia Community College location. He said that the tangible benefits of the office space and conferences would make a difference to the company, especially as it launches its next phases of growth. Pongspace has so far launched a search and booking tool for finding places to play table tennis--which has 16 million U.S. players though has not become quite as trendy as other immersive racquet-ball sports.
Impact of actors' strike shows up in monthly job numbers

Sep 1, 2023 | crainsnewyork.com | Cara Eisenpress

Job numbers for the city won't be released until mid-September, and the local impact will become clearer. SAG-AFTRA has about 32,000 members in New York, according to the union's website, while there are 6,800 members of the New York-based chapter of WGA. In July, employment in the local industry appeared to stay steady compared to the month previous, though it was down 14%, or 7,500 jobs, from a year earlier.
Striking actors show up in lower film-production job numbers

Sep 1, 2023 | crainsnewyork.com | Cara Eisenpress

August was a month without lights, cameras or action, as motion picture and broadcast companies employed 20,000 fewer people than in July. Strikes for actors and writers kept many productions on hiatus. Nationwide, there were 437,600 people working in the motion picture and sound recording industry in August, down 6% from June, according to the latest report on jobs from the Bureau of Labor Statistics.
Temporary health care workers could be a lifeline for city's Airbnbs

Sep 1, 2023 | crainsnewyork.com | Cara Eisenpress

"I'm trying to figure out where traveling nurses look when they come here," explained Gia Sharp, a Brooklyn homeowner who often uses the second unit in her Brooklyn townhouse for extended family and therefore does not want a permanent tenant. She said she was shifting her for-rent unit so it is only available for durations of 30 days or more. She is not alone.