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2012-01-04 |
Ruling blocks developing of Broadway Triangle
A state Supreme Court judge issued an injunction against the Bloomberg
administration’s plan to build a controversial affordable housing project on the
Williamsburg border with Bedford Stuvyesant, citing evidence that the complex
will perpetuate discrimination in the so-called Broadway Triangle urban renewal
area
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Article By Admin, NewsFeed |
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2012-01-04 |
Manhattan office market absorbs vacant space in December
By the end of December, the Manhattan office market saw 62,117 square feet of positive absorption with gains in Midtown being offset by conditions in Downtown, according to a monthly report by Newmark Knight Frank, released today. The vacancy rate held steady at 7.8 percent from November, the report says, while the average asking rent for space rose to $50.37 per square foot from $49.10 per square foot in November
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Article By Admin, NewsFeed |
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2011-12-29 |
Court trashes challenge to waste station
An Albany state appeals court signed off on New York City's plan to rebuild a controversial marine waste transfer station at East 91st Street and the East River today, throwing out a challenge from a local community group.
That group, the Gracie Point Community Council, opposed the city's plan to locate the facility -- which would process at least 1,860 tons of garbage per day or, according to the group, enough trash to fill eight trucks per hour -- in the densely populated residential area, adjacent to Asphalt Green, an indoor and outdoor sports complex used by children and adults
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Article By Admin, NewsFeed |
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2011-12-29 |
Five most important real estate events of 2011
1. Five most important real estate happenings in 2011, according to Trulia chief economist [Time]
2. 9/11 museum won't open on time [DNAinfo]
3. Queens diner the Palace will close [NYT]
4. Mortgages are largest in Hawaii, smallest in Missouri [American Banker]
5. Good start, rough end this year for commercial real estate [WSJ]
6. Five most expensive homes from WSJ's "House of the Day" feature in 2011 [WSJ]
7. Tentative renderings for mixed-use development 50 West Street [Curbed]
8. New York State's foreclosure rate continues to increase, in contrast with nation's [Crain's]
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Article By Admin, NewsFeed |
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2011-12-20 |
Another 15 CPW unit set to break records?
Another 15 Central Park West apartment has just hit the market for a massive $35 million, the New York Observer reported, and could break a new city record. The three-bedroom, three-bathroom unit, which is just 3,368 square feet, is asking $10,391 per square foot, which would set a record as the first city unit to break five-figures on a per square foot basis
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Article By Admin, NewsFeed |
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