Gehry Gets Topped Out in Lower Manhattan
By Eliot Brown | November 20, 2009 | 8:20 am
... READ MORE»
Gehry Gets Topped Out in Lower Manhattan
By Eliot Brown | November 20, 2009 | 8:20 am
... READ MORE»
- Stuy Town Deal Looking Defaultier Than Ever
- Op-Ed: The Recession's Untold Story
- State Shouldn’t Make a Whole New Ball Game of Mitchell-Lama
- More Litigation, Questions Hurled at Atlantic Yards as Finance Deadline Nears
- Washington Goes to Work on Work
- Silverstein Wants $2.6 B. in WTC Bonds—But for What?
- Four Years Hard Labor
More Litigation, Questions Hurled at Atlantic Yards as Finance Deadline Nears
By Eliot Brown | November 19, 2009 | 5:11 pm
During its six years in the court of public opinion, this much has been certain about the planned Atlantic Yards project: It's not without... READ MORE»
State Shouldn’t Make a Whole New Ball Game of Mitchell-Lama
By Robert Knakal | November 19, 2009 | 3:21 pm
It is the top of the ninth inning in Game 6 of this year's World Series. The Yankees are playing the Philadelphia Phillies in the new Yankee Stadium. The Yankees have had another great year and are ahead in the series, three games to two. They are in search of a record 27th World Championship. Mariano Rivera, the greatest closer in the history of baseball, is on the mound for the Yankees, facing Shane... READ MORE»
Op-Ed: The Recession's Untold Story
By Bruce Mosler | November 19, 2009 | 3:12 pm
Since the start of the recession, uncertainty and declining economic indicators have made it too easy for the majority of industry experts and outside observers to be overly pessimistic about the health of the commercial real estate market. You'll recall the language of the most frequent offenders, who have a tendency to portray commercial real estate as "the next shoe to... READ MORE»
Washington Goes to Work on Work
By Sam Chandan | November 19, 2009 | 3:03 pm
Faced with rising joblessness and dithering public approval of his administration's handling of the unemployment situation, President Obama announced last Thursday that he would convene a jobs summit in Washington in December. In explaining the motivation for the forum, the president conveyed that policy makers are "open to any demonstrably good idea to supplement steps we've already taken to put Americans back to... READ MORE»
Silverstein Wants $2.6 B. in WTC Bonds—But for What?
By Eliot Brown | November 18, 2009 | 5:10 pm
Anyone paging through the end of The Times' business section Wednesday might have noticed an unusual legal notice nestled in between the commercial real estate classifieds and a bank ad (a reader had to point it out to us): NEW YORK LIBERTY DEVELOPMENT CORPORATION Notice of Public... READ MORE»
Four Years Hard Labor
By Eliot Brown | November 17, 2009 | 7:48 pm
A repetitive refrain filled City Hall’s council chambers on Tuesday morning. For a good hour at a zoning committee hearing on the contentious plan to redevelop the Bronx’s Kingsbridge Armory into a mall, council member after council member battered the Bloomberg administration and the developer, the Related Companies, with a similar line of questioning: Given that city subsidies are to be used in the $323 million project, why isn’t there a guarantee that all... READ MORE»
Brick Throwing! Law Prof Questions CUNY’s Deal with Citibank
By Dana Rubinstein | November 17, 2009 | 7:40 pm
On Saturday, Oct. 14, a CUNY law professor named Dinesh Khosla sent a very polite memo to the “law-school community,” titled, “Our New Building.” The memo wondered why CUNY, a public university financed by taxpayers, is paying a decidedly above-market price ($155 million) for its new, 225,000-square foot home at Citigroup’s 2 Court Square in Long Island... READ MORE»
Paramount Hotel, La MaMa Theater and Two Townhouses Landmarked
By Roland Li | November 17, 2009 | 4:43 pm
The city's Landmarks Preservation Commission on Tuesday designated the Paramount Hotel, La MaMa Experimental Theatre Club and two Eighth Avenue townhouses as landmarks. The Paramount Hotel, at 235-245 West 46th Street between Broadway and Eighth Avenue, was built in 1927 and 1928, according to Community Board 5, which endorsed the landmarking in June. Theater architect Thomas Lamb designed the building, his only hotel design, built for visitors to Times... READ MORE»
Gilding the Lobby Lily
By Dana Rubinstein | November 17, 2009 | 4:21 pm
The frugality fad is fading fast. Bidders are dropping multimillions on Warhols at Sotheby’s; Goldman Sachs wives are preparing holiday shopping extravaganzas in anticipation of record bonuses; and in the realm of commercial real estate, tenants are spending more than $100 a square foot on office space (in which to hang their newly acquired ... READ MORE»
CUNY’s New Community College
By Dana Rubinstein | November 17, 2009 | 1:13 pm
The City University of New York is slogging ahead with plans for a new, experimental community college, and has enlisted brokerage Newmark Knight Frank to find it a temporary home. The broker leading the hunt is Howard Kesseler, a Bowdoin-educated executive managing director who has grown popular with the education crowd, having represented both MetSchools and the Department of Education in their Manhattan... READ MORE»
Web Site Arranges Week-Long Bricks-and-Mortar Stunt
By Reid Pillifant | November 17, 2009 | 1:11 pm
Beginning this weekend, online auctioneer eBay will open a physical store at 3 West 57th, next to Bergdorf's. From today's Commercial... READ MORE»
Gallerie St. Etienne Expands in APF’s 24 West 57th Street
By Emily Geminder | November 17, 2009 | 10:57 am
Gallerie St. Etienne, the gallery known for introducing Austrian painters Gustav Klimt and Egon Schiele to American audiences, is expanding its presence on the eighth floor of 24 West 57th Street, also known as the New York Gallery Building. The gallery, which specializes in “outsider” or self-taught art as well as Austrian and German Expressionism, will now span a total of 5,279 square... READ MORE»
Wolfgang’s Cuts Stake in Lipstick Building; Capitalizes on Vong’s Move Downtown
By Emily Geminder | November 17, 2009 | 8:35 am
Five years ago, Wolfgang Zwiener, longtime headwaiter at Williamsburg’s famed Peter Luger, transformed himself from apprentice to master with the opening of Wolfgang’s Steakhouse, a rival ode to bow-tied elegance and Porterhouse heft on the Manhattan side of the East River. Now opening its third New York location, Wolfgang’s is making its mark on Third Avenue’s elliptical Lipstick Building, whose past tenants include Bernie... READ MORE»
eBay Pops Up for the Holidays on West 57th Street
By Emily Geminder | November 17, 2009 | 8:06 am
The prospect of eBay’s auction cybersphere dropping its cloak of virtual reality for flesh-and-bone bidding has long been a subject rife with speculation. What if you could see the seller auctioning off the suspiciously low-priced used laptop, or the bidder, crouched before the screen, waiting for the last minute to bid on your set of antique dollhouse... READ MORE»
Baryshnikov Arts Center Opening LEED-Stamped Theater at 450 West 37th
By Emily Geminder | November 17, 2009 | 8:02 am
Mikhail Baryshnikov’s arts center in Manhattan will open a new theater in February of next year. Promised to be one of the most technically advanced theaters of its size, the Jerome Robbins Theater will reside in the 37 ARTS Building at 450 West 37th Street, the six-story building whose top three floors house the Baryshnikov Arts... READ MORE»
Yummy! Healthy Fast Food Chain—No Joke!—Leases near Grand Central
By Emily Geminder | November 17, 2009 | 7:57 am
The phrases “healthy fast food” and “corporate social responsibility” may seem like oxymorons. The Bronx-based venture 4Food is experimenting with both, however, by opening fast-food restaurants that vow to put nutrition in value menus and, in the words of Google, not be... READ MORE»
On the Water Forefront
By Guelda Voien | November 16, 2009 | 4:38 pm
Dumbo got its name because artists in the ’70s hoped the ridiculous moniker would keep development out. One resident even told The New York Times she resented the first Coke machine to go in the neighborhood. David Walentas ignored this. He forged, then pacified Dumbo, starting when punk rockers had barely discovered the East Village. His timing and formula were spot... READ MORE»
In the Zoning
By Jotham Sederstrom | November 16, 2009 | 3:12 pm
The Commercial Observer: How have all the zoning changes over the last eight years impacted... READ MORE»
The Mechanic
By Jotham Sederstrom | November 16, 2009 | 3:05 pm
Before he was a leader in the New York commercial real estate market, Howard Nottingham was a Chevrolet dealer in Indiana, a career that, he says plainly, he was happy to scrap. Besides a few perks here and there—like being invited to take a sponsored pace car for a whirl at the famed Indianapolis Motor Speedway, home to the Indy 500—he has no regrets about a career change that has led him along the circuitous... READ MORE»
