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Jotham Sederstrom

Year in Real Estate

The Year in Commercial Real Estate

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An astounding 54.3 million tourists are expected to have visited New York City by the end of this year, many of them for the first time. And while, of course, for many of these visitors, a runway at LaGuardia or the back of a cab driver’s head will be their first impressions of the city, the more memorable vision will be the one that has been enchanting tourists ever since 1870, when construction workers topped out the 130-foot tall Equitable Life Assurance Building, long considered the Big Apple’s first skyscraper. Read More

Wired City

Secure Wifi Among top Tech Concerns for Event Planners

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Business conferences and special events are packed with details.

There are guest lists, speakers, facility rental and many more details that have to be finalized before an event can begin. According to new research by Apella, a New York City-based meeting and event specialty company, many event organizers are concerned with content safety over their Wifi networks. The study, which took a look at top technology concerns while designing an event space, listed content security as the top technology concern among event planners.

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Wired City

NYC Teams Up With Gowex To Expand Free Wifi

Gowex

As a part of New York City’s initiatives to offer free Wifi across the five boroughs, the New York City Economic Development Corp., is teaming up with Gowex, a company specializing in free Wifi and business-to-business wireless networks.

The city is working with Gowex to add 500 additional smart zones to its existing 2,000 zones. The expanded coverage includes Long Island City, Brownsville, Harlem 125th St, Roosevelt Island, the Bronx and Staten Island.

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Wired City

Boingo Wireless Acquires Advanced Wireless Group

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Boingo Wireless, the provider of Wifi services to New York City’s airports and subway stations, is expanding its reach.

Known for providing Wifi services in New York City and around the country, the company will acquire Advanced Wireless Group. The deal will boost Boingo’s market share among service providers at airports and public spaces since Advanced Wireless is also a provider in the same segment.

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Wired City

Brewer Lobbies Free Wifi at NYC Airports

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Travelers passing through New York City’s major airports may get free Wifi if New York City Councilwoman Gale Brewer gets her way.

According to a recent report by the New York Post, the councilwoman, who represents the Upper West Side and northern Clinton, introduced a resolution that would require the Port Authority to give free access to all travelers.

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Wired City

Verizon Expands 4G LTE Network Upstate

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New York-based communication giant Verizon Wireless is expanding its 4G LTE network. The company, which recently announced plans to expand its network across the country, will now include Watertown, N.Y.

This expansion is a part of Verizon’s plans to extend its network across upstate New York. Verizon, which already dominates the New York City metro area market, invested $65 million in 2013 to connect more customers to its updated network in the upstate New York market.

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Wired City

British University Opens Soho Campus

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Glasgow Caledonian University announced plans to open a satellite campus in Soho.

The New York City location for the British University will have Wi-Fi and advanced technology installed for its students. The site will serve as the United States campus in the posh neighborhood. The location at 64 Wooster Street will sit blocks away from boutiques, businesses and high-end fashion stores in the district.

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Wired City

AT&T Increases Connectivity Speeds Across the Country

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AT&T is giving its broadband customers a spike in connectivity speeds.

The company recently announced that it will increase its Internet connectivity speeds for its U-Verse customers across the country. In addition to a jump in its Internet speeds, the company is also expanding its fiber offerings.

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Wired City

Tech/Information Sector Creates 262,000 Jobs in the City

Tech Jobs

According to a new report, the New York City job market is getting a boost from the technology sector. The report, “Building a Digital City: The Growth and Impact of New York’s Tech/Information Sector,” takes an in-depth look at the growth of the city’s technology sector.

Since 2007, there has been 11 percent growth resulting in 262,000 jobs in the tech/information sector. From 2007 to 2012, there were 26,000 jobs added, resulting in $5.8 billion in jobs to the city’s economy. Since 2007, private-sector growth grew 4 percent. During the same period in other industries, private-sector payroll fell 3 percent.

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Wired City

Park Central Hotel Boosts Technology

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The Park Central Hotel celebrated its multimillion-dollar renovation by expanding the use of its broadband and technology.

The Midtown hotel is offering guests a new virtual concierge platform. The application is not only available on smartphone and electronic devices that use Wi-Fi, but there are also platforms built within the hotel where guests can use the app on-site. The hotel’s renovation also includes refurbished guest rooms and an overall redesign to compliment the history of the hotel with a modern flair.

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Wired City

Comcast’s Internet Essentials Brings Broadband Access to Five Live-Income Chicago Schools

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Several weeks ago, the United Way partnered with Comcast to create local “learning zones” near five Chicago public schools. The Internet Essentials program will provide enhanced Internet access, training programs, discounted broadband Internet access and free Wi-Fi to low-income families of children enrolled in the schools.

The city’s mayor, Rahm Emanuel, takes credit for the initiative.

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Wired City

Google Helpouts Could Be an Asset to Brokers

Google Helpouts

Google has a new service on the way: Helpouts, a program that allows users to connect with experts in real-time on a variety of topics. In his article for Inman, Paul Hagey predicts that Helpouts could become an important tool in the fee-for-service real estate model, helping agents deliver their services faster.

So could it be useful took for commercial brokers? Our experts weigh in.

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Wired City

Real Estate Entrepreneur Is First to Win Golden Bridge Award

Anthony Lolli with Award

Last week, Anthony Lolli, chief executive officer of Rapid Realty, New York’s largest rental-based real estate brokerage, won the coveted Entrepreneur of the Year accolade at the Golden Bridge Awards, an industry recognition program that honors the nation’s best companies.

Historically, the award has always gone to technology and Internet moguls like Mark Zuckerberg of Facebook and LinkedIn’s chief executive officer, Jeff Weiner. Mr. Lolli is the very first real estate entrepreneur in history to win, likely because of the tech lines he has crossed with Rapid Realty.

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