The Lobby

Mayor Nominates BSA, Landmarks Commissioners

Bill de Blasio.

Mayor Bill de Blasio has nominated Margery Perlmutter as commissioner of the Board of Standards and Appeals. Adi Shamir Baron and John Gustafsson were also nominated as commissioners of the Landmarks Preservation Commission.

The nominations have been submitted to the City Council for final approval, according to a release issued by the Office of the Mayor. Read More

Cover Story

The Great Wall: The Hurdles U.S. Brokers Face in China

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Shortly after a Chinese business tapped Studley’s newly opened Shanghai office to help it expand beyond the city and country and procure space in New York earlier this year, Yin Li, head of the brokerage firm’s China operations, hit a roadblock.

In line with standards in China, Ms. Li’s client was looking to sign a short-term two- or three-year lease, which New York landlords were reluctant to accommodate. Instead, Ms. Li convinced her client to seek out an alternative—a sublease deal.

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MSG

Opponents and Defenders of MSG Spar at Planning Commission Hearing

MSG

Shortly into yesterday’s City Planning Commission public hearing on the special permit application for Madison Square Garden—an event that would stretch into the evening—a comparison to Brooklyn’s Barclays Center was made. It was an early indication of what would be a recurring theme throughout the day.

A number of obstacles facing the Garden, from its age and inferior infrastructure to its request for special signage, were brought to the fore as Planning Commissioner Amanda Burden heard from a list of 50 speakers, ranging from State Assemblyman Richard Gottfried to former New York Knick Larry Johnson, he of the four-point play. Read More

The Year in Review

Commercial Real Estate In Memorium: 2012

A sketch of David Winoker.

New York real estate is some of the most desirable and expensive in the world, but the ever-fluctuating price of a square foot of space in a given neighborhood is unquestionably dwarfed by the value of human life. This year, the commercial real estate world lost several notable figures and The Commercial Observer would like to take a moment to remember them. Read More

Mortgage Observer

Q&A: Jay Neveloff, Kramer Levin

Jay Neveloff.

The Mortgage Observer spoke to Kramer Levin partner Jay Neveloff this month. Mr. Neveloff, a 24-year veteran at the firm, told us what he’s hearing from his wide range of clients following November’s elections and what many of those clients are busiest doing with the end of the year fast approaching. Read More