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.
The Year in Review
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.
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.