Investor Jonathan Litt on NYC real estate post-pandemic, what’s booming and the future of retail

Jonathan Litt, chief executive officer of Land & Building Investment Management.

Peter Foley | Bloomberg | Getty Images

A View from the Top is a Q&A series exclusively available on CNBC Pro. CNBC reporters will regularly speak with a business leader about decision-making, investing and industry news. 

Land & Buildings Investment Management founder and CIO Jonathan Litt has been closely tracking the ups and downs in the real estate industry, including office, industrial, retail, residential and hotel space, during the coronavirus pandemic. 

Litt has grown L&B, founded in 2008, into a prominent activist hedge fund in the real estate world. In more recent years, he has waged battles with the high-end shopping mall owner Taubman Centers, Forest City Realty Trust (now owned by Brookfield Properties) and office and multifamily property owner Mack-Cali Realty Corp. In 2017, he targeted Saks Fifth Avenue owner Hudson’s Bay, arguing the best use of

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General Contractor | Renovation | Residential and commercial NYC

When it comes to minor renovation or remodeling of any room in the house or apartment, the home owner can contact a construction company and a team of a few workers are bound to quickly and easily fix your problem.

However, it is obvious that such an approach will not bring a positive result if the solution to your problem requires the involvement of a large number of workers of different specialties, the acquisition of a large amount of construction materials and the use of powerful construction equipment.

A good example is the construction of a new house. In this process, as a rule, different construction crews are involved simultaneously or sequentially, and the work of the crews should be well coordinated in order to ultimately achieve the set goal.

General contractor as the main actor in the course of large-scale construction

When carrying out large-scale construction work, you cannot

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The Latest: NYC restates virus rules for private schools

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A cemetery worker digs a grave in a section of the Valle de Chalco Municipal Cemetery which opened early in the coronavirus pandemic to accommodate the surge in deaths, on the outskirts of Mexico City, Thursday, Sept. 24, 2020.

AP

NEW YORK — New York City’s health commissioner has issued an order reiterating that private schools in some neighborhoods have to follow pandemic safety protocols.

The directive comes amid concerns about an uptick in coronavirus cases in certain Brooklyn and Queens neighborhoods with large Orthodox Jewish populations.

The order says that nonpublic schools in the specified areas must maintain six feet of distance between people and that face coverings are required in all buildings.

New York City’s current overall infection rate remains low, but official figures indicate the affected neighborhoods accounted for 20% of the city’s coronavirus cases in recent weeks.

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HERE’S WHAT YOU NEED TO KNOW

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John Lennon’s NYC Penthouse Where He Lived with Mistress May Pang Is for Sale for $5.5M

Bob Gruen/Alamy; James Smolka

John Lennon’s former New York City penthouse is on the market.

The 4,000-square-foot home, located at 434 East 52nd Street in Manhattan and perched above the East River, has been listed with Brown Harris Stevens for $5.5 million.

The late Beatles member lived in the penthouse in the mid-1970s with his assistant and mistress, May Pang, when he was estranged from his wife Yoko Ono.

The penthouse was the setting of Lennon’s iconic “New York City” photos (above), published in Andy Warhol’s Interview magazine in 1974. It’s also the spot from which the musician famously claimed he saw a UFO.

Ron Galella, Ltd./Ron Galella Collection via Getty John Lennon, May Pang

The recently renovated five-bedroom, four-bathroom residence includes a 2,000-square-foot wraparound terrace that offers incredible views of the city and can be accessed from every room on the main floor.

James Smolka

RELATED: Marrying Millions

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John Lennon’s Former NYC Penthouse Is for Sale for $5.5 Million

Photo credit: James Smolka/ Brown Harris Stevens
Photo credit: James Smolka/ Brown Harris Stevens

From House Beautiful

While New York City real estate listings are constantly teeming with luxury apartments and penthouses, it’s not too often that you come upon the once home of a member of The Beatles. Today, John Lennon’s former 4,000-square-foot NYC penthouse has hit the market for $5.5 million and it’s where some of the musician’s most iconic moments took place.

Photo credit: James Smolka/ Brown Harris Stevens
Photo credit: James Smolka/ Brown Harris Stevens
Photo credit: James Smolka/ Brown Harris Stevens
Photo credit: James Smolka/ Brown Harris Stevens

Located at the top of the exclusive Southgate complex at 434 East 52nd Street, the apartment spans three floors and includes an enormous 2,000-square-foot wraparound terrace that can be accessed from every room on the main floor. Not to mention, that the apartment as a whole delivers stunning panoramic views of the city— and even in the days before Instagram, Lennon knew a good backdrop when he saw

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