Natalie Wong

Stay informed with Natalie Wong’s coverage and analysis for Fortune.

  • Residential and office buildings are pictured at night in the Manhattan borough of New York on January 29, 2024.Finance

    Blackstone’s $17 billion property lending arm isn’t giving up on its office bets

    By Neil Callanan, Dawn Lim, and others
  • West side of ManhattanFinance

    A NYC office building will sell at such a discount that it’s 67% below the purchase price and less than what’s still owed on the mortgage

    By Natalie Wong and Bloomberg
  • LONDON, ENGLAND – MAY 09: Simon Reuben and David Reuben attend a private view of “Stanley Kubrick: The Exhibition” at The Design Museum on May 9, 2019 in London, England. (Photo by David M. Benett/Dave Benett/Getty Images)Finance

    British billionaire Reuben brothers wager on $2 billion luxury project in ‘one of the most promising growth markets in the world’: Puerto Rico

    By Natalie Wong, Jim Wyss, and others
  • Stephen RossFinance

    Billionaire Miami Dolphins owner wants to make South Florida more like Manhattan—’I still love a challenge’

    By Natalie Wong and Bloomberg
  • The downtown skyline seen from the mid-market Buildings in the downtown skyline of San Francisco, California, US, on Wednesday, May 3, 2023. San Francisco’s office-vacancy rate soared to a record 27.6% at the end of 2022, compared with just 3.7% before the pandemic. Photographer: Jason Henry/Bloomberg via Getty Imagesof San Francisco, California, US, on Wednesday, May 3, 2023. San Francisco’s office-vacancy rate soared to a record 27.6% at the end of 2022, compared with just 3.7% before the pandemic. Photographer: Jason Henry/Bloomberg via Getty ImagesFinance

    Older office buildings ‘will be stranded,’ says Morgan Stanley: ‘They simply don’t have long-term cash flow growth potential’

    By Natalie Wong and Bloomberg
  • SAN FRANCISCO, CALIFORNIA – MAY 30: An aerial view of the San Francisco skyline on May 30, 2023 in San Francisco, California. (Photo by Brandon Sloter/Getty Images)Tech

    San Francisco’s office vacancy apocalypse shows signs of easing as A.I. companies start pouring in: ‘We feel like it’s the bottom’

    By Natalie Wong, Eliyahu Kamisher, and others
  • The Flatiron building in New York, US, on Tuesday, May 23, 2023. Jeffrey Gural, a longtime stakeholder in Manhattan’s Flatiron Building, and his group of investors have won an auction for the iconic landmark after years of battling over its future. Photographer: Jeenah Moon/Bloomberg via Getty ImagesFinance

    After being sold for $190 million to a guy who didn’t show up with the money, NYC’s Flatiron Building has found a new owner

    By Natalie Wong and Bloomberg
  • Elon Musk, chief executive officer of Tesla Inc., departs court in San Francisco, California, US, on Tuesday, Jan. 24, 2023. Investors suing Tesla and Musk argue that his August 2018 tweets about taking Tesla private with funding secured were indisputably false and cost them billions of dollars by spurring wild swings in Tesla’s stock price. Photographer: Marlena Sloss/Bloomberg via Getty ImagesTech

    Elon Musk is slashing more costs at Twitter—this time New York office space

    By Natalie Wong and Bloomberg
  • NEW YORK, NEW YORK – APRIL 16: Buildings are seen in lower Manhattan on April 16, 2021 in New York City. As thousands of New Yorkers continue to work from home, with many vowing to never return to an office, debate is growing about repurposing office space for retail and residential use. As of March of this year, over 17 percent of Manhattan’s office space was vacant or about to become so. New York Governor Cuomo has recently proposed allowing commercial-to-residential conversions in order to address the growing vacancy problem. (Photo by Spencer Platt/Getty Images)Finance

    All that empty Manhattan office space is getting gobbled up by Wall Street firms

    By Natalie Wong, Hema Parmar, and others
  • The logo of US online retail giant Amazon is seen at the distribution center in Staten Island as workers strike in demand that the facility be shut down and cleaned after one staffer tested positive for the coronavirus on March 30, 2020 in New York. – Amazon employees at a New York City warehouse walk off the job March 30, 2020, as a growing number of delivery and warehouse workers demand better pay and protections in the midst of the COVID-19 pandemic. (Photo by Angela Weiss / AFP) (Photo by ANGELA WEISS/AFP via Getty Images)Tech

    Amazon sets its sights on Jersey City for office space expansion

    By Natalie Wong and Bloomberg
  • NEW YORK, NY, UNITED STATES – 2018/04/22: Microsoft store on Fifth Avenue in New York City. (Photo by Michael Brochstein/SOPA Images/LightRocket via Getty Images)Tech

    Microsoft and Roku are the latest tech companies to hunt for real estate in New York City

    By Natalie Wong and Bloomberg
  • NEW YORK, NEW YORK – MARCH 21: People dine at a restaurant’s outdoor dining as temperatures reached above 65 degrees on March 21, 2021 in New York City. After undergoing various shutdown orders for the past 12 months the city is currently in phase 4 of its reopening plan, allowing for the reopening of low-risk outdoor activities, movie and television productions, indoor dining as well as the opening of movie theaters, all with capacity restrictions. (Photo by Alexi Rosenfeld/Getty Images)Retail

    As NYC prepares to fully reopen in July, Manhattan restaurants struggle to find staff

    By Natalie Wong and Bloomberg
  • Subway introduced the $5 footlong during the Great Recession.Retail

    Subway and other retailers want to stop paying rent to offset coronavirus closures

    By Lauren Coleman-Lochner, Natalie Wong, and others
  • This undated photo received on October 31, 2019 shows Sidewalk Labs in Toronto, Ontario. - Toronto authorities agreed in principle October 31, 2019 to move forward with a controversial project by a subsidiary of Google parent-company Alphabet to create a sustainable and futuristic neighbourhood on a former industrial site on the city's waterfront. The subsidiary, Sidewalk Labs, was contracted in 2017 by Waterfront Toronto- a tripartite agency comprising municipal, provincial and federal government representatives -- to develop the 12-acre Quayside site at the foot of the city's Parliament Street. (Photo by STR / AFP) (Photo by STR/AFP via Getty Images)

    What Alphabet Did Right in Toronto That Amazon Got Wrong in New York

    By Natalie Wong and Bloomberg