Not only are three of New York’s eight Borders stores closing–news passed along after Borders’ anticipated filing of Chapter 11–but projections from the CoStar group foresee vacancy rates for nearby retailers to increase.
Basically, Borders has the flu, and now nearby stores can expect to catch a cold.
The CoStar projections see vacancy rates climbing Read More
Here in New York we like being the best at things, and that’s why this one hurts: According to a guide issued by CoStar today, Washington, D.C., took the top spot in commercial real estate pricing recovery with a 15 percent increase in 2010, while New York saw three quarters of growth and a fourth quarter where Read More
New York real estaters met at NYU’s Schack Institute on Wednesday morning for a brief breakfast forum on construction ethics. While the mafia wasn’t represented—possibly because of the mass arrests last month—their presence could’ve gone a long way to help filling up the empty seats.
“Here at New York University we’re trying to instill Read More
One year of record leasing in a rough economy is hard enough, but two? That’s just what Tony Malkin’s W&H Properties pulled off at One Grand Central Place, the former Lincoln Building, leasing well over 200,000 square feet in consecutive years.
Last year saw the monstrous midtown building that towers over the terminal of the Read More
So the architecture critics love Bjarke Ingels’ new plan for a hulking Hell’s Kitchen development, but what about the neighbors?
Durst Fetner Residential brought their idea for the pyramid-like 57th Street apartment complex to Community Board 4 last night to a mixture of adoring fans and skeptical residents.
The project, first immortalized in Read More
The Blue School, the $29,820-a-year primary school founded by none other than the Blue Man Group, has finally secured a permanent home at 241 Water Street, in lower Manhattan.
It purchased the space from the Seaman’s Church Institute for $15.1 million, according to city records. That is a pretty price considering that CB Richard Read More
