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The Commercial Observer:What's the best sector of commercial real estate to be investing in right now?Mr. Neibart: You still have to remain very cautious. What we're spending a lot of our time on is the multi-tenant segment. We're also looking at hotels and also the recapping of partnerships that... READ MORE»
The Commercial Observer: What's the best sector of commercial real estate to be investing in right now? Mr. Neibart: You still have to remain very cautious. What we're spending a lot of our time on is the multi-tenant segment. We're also looking at hotels and also the recapping of partnerships that are short of money. Why those three... READ MORE»
The latest big-time commercial leases in New... READ MORE»
116 West Houston Street Last summer, Payard Patisserie and Bistro ended its more-than-a-decade-long run serving up feats of confectionary invention to Upper East Side socialites. Though third-generation pastry chef François Payard has since been opened a chocolate boutique on the fourth floor of the Mauboussin jewelry shop on Madison Avenue, his new shop in Greenwich Village promises to rival the scope of his earlier bistro and... READ MORE»
2625 Broadway When Urban Outfitters last year declared its intent to renovate a landmarked theater on the Upper West Side, the outcry was swift. Although the Metro Theater stood empty, its interior Deco flourishes gutted several years ago, news that the national retailer planned to set up shop there sparked a wave of protestation. The theater was all that remained of an upper Broadway once dense with small theaters and independent... READ MORE»
44 West 18th Street National Reprographics, a large print and imaging firm, renewed its 33,250-square-foot space in the... READ MORE»
At was not as a marketing analyst for LaSalle Partners that Frank Doyle first saw his star rise. It was at the Wiz. Blockbuster Video was only a few years old in the summer of 1988, and Mr. Doyle, fresh out of Dartmouth and less than a year into a job at LaSalle, had taken to moonlighting as a VCR salesman at a Greenwich Village outpost of the electronics... READ MORE»
On Palm Sunday, the Coney Island Cyclone will clank, sputter and tilt into motion, careening its shrieking cargo around clattering curves and ushering in the new season. The whole neighborhood, rusty gears and all, will churn into motion, the same way it has for years. And like every other season in recent memory, the death of Coney Island—foretold for decades by disgruntled developers, reporters and Mermaid Paraders alike—will be deferred to a later... READ MORE»
Glen Weiss, the chairman of the Young Men's/Women's Real Estate Association and a senior vice president at Vornado Realty, was bestowed with the New York Cares "Corporate Community Outreach" award, it was announced last week. Mr. Weiss, who rallied the New York City-area commercial real estate community to collect more than 1,300 coats for the group's annual coat drive, was recognized for his work to enlist volunteers to make physical improvements to P.S.... READ MORE»
Jones Lang LaSalle has hired health care industry expert Charles Maggio to lead its Healthcare Specialty Practice in the tristate region, according to a release. Mr. Maggio, 47, will be responsible for integrating the firm's various health-care-related business units into a single practice while also overseeing individual health care projects and managing its clients. Along with education, health care is considered by many experts to be one of the few growth sectors in real... READ MORE»
At the beginning of a panel entitled “The View From 10,000 Feet,” part of the N.Y.U. Schack Institute of Real Estate’s 15th Annual REIT Symposium on Thursday afternoon, the always outspoken Steve Roth had a question for moderator Robin Panovka. “Is there press in the room?” asked Mr. Roth, chairman of Vornado Realty... READ MORE»
There was an odd feel to Thursday afternoon's Atlantic Yards groundbreaking—one that felt almost as though it wasn't 2010, but rather, say, 2007, when the economy was vibrant and projects were popping up around the... READ MORE»
On Wednesday, the print edition of The Observer ran a story called, "In the Shadow of the Boom," about the travails afflicting the inexperienced, young developers of One Madison Park, that slender, 60-story glass tower on the south side of Madison Square... READ MORE»
New York City's bed bug scourge continues to wreak pain, fear, high extermination expenses, and the occasional overblown lawsuit against real estate moguls. A Massachusetts woman has sued Vornado Realty Trust, claiming that her September 2009 stay at the Hotel Pennyslvania caused her to “to be bitten by bugs in the bed and/or premises provided by defendants." The rather overwrought lawsuit... READ MORE»
The Observer's very unofficial Brooklyn correspondent Eric Kuo (as in he doesn't actually work here) is at the Atlantic Yard's project's Barclay's groundbreaking ceremony and Tweeting entertaining dispatches. Kuo: "Chant is 'arrest Ratner now' somehow I doubt these cops will... READ MORE»
The Paterson administration has dropped Aqueduct Entertainment Group from the bid to develop a racino at the Aqueduct racetrack, jettisoning the group a month after it was conditionally designated the winner of the years-long quest to beef up gambling at the Queens property. Governor Paterson's office just issued the following statement, attributed to the "Executive... READ MORE»
The back of Thursday's Times A-section is torn over the World Trade Center fight. There is a Times editorial defending the Port Authority and saying it should not be using its money to back financing on a speculative office tower, as the city and developer Larry Silverstein have... READ MORE»
The debt woes of the Euro Zone economies and the need for political, fiscal and monetary policy compromises to keep the economic union intact have underlined the disparate recoveries of the world's developed and emerging economies. The advanced economies, dominated by the United States, Western Europe and Japan, are projected to grow at a slow but sustained pace over the next year. Developing Asia, including China and India, is projected to lead global growth.... READ MORE»
In 2009, perhaps the most interesting trend in the city's multifamily market was that both median and average sales prices per square foot for walk-up buildings exceeded those of elevator buildings. Interestingly, this counterintuitive dynamic was observed in each borough. In Manhattan, we saw walk-ups average $530 per square foot; elevator buildings averaged $507; and, in Brooklyn, $160 versus... READ MORE»
New York City has prevailed in its battle with the LeRoy family over ownership of the trademarked name of "Tavern on the Green," according to a report just issued by Bloomberg... READ MORE»
Shiseido, Japan's largest cosmetics company, began selling skin lotion in 1897. The lotion, Eudermine, is still sold today, though the company has expanded into just about every other beautifying sector imaginable. Shiseido's American subsidiary, meanwhile, is renewing its Third Avenue headquarters, just down the street from where beauty competitor Avon recently secured a major lease at 777... READ MORE»
March 11, 2010
On Wednesday, the print edition of The Observer ran a story called, "In the Shadow of the Boom," about the travails afflicting the inexperienced, young developers of One Madison Park, that slender,... READ MORE »
March 11, 2010
There was an odd feel to Thursday afternoon's Atlantic Yards groundbreaking—one that felt almost as though it wasn't 2010, but rather, say, 2007, when the economy was vibrant and... READ MORE »
March 16, 2010
The Commercial Observer:What's the best sector of commercial real estate to be investing in right now?Mr. Neibart: You still have to remain very cautious. What we're spending a lot... READ MORE »
