World Trade Center
Thursday’s Real Estate Board of New York gala packed an estimated 2,400 guests into the Hilton New York’s overstuffed Grand Ballroom—an increase from last year by about 200. The Commercial Observer walked the room, hobnobbed with brokers and landlords and taste-tested a dinner of steak and potatoes while washing it all down with a few stiff drinks. Staff Reporters Karsten Strauss and Al Barbarino get the inside dish.
The frequent turnover at the Port Authority of New York and New Jersey’s top position has helped contribute to escalating costs at the yet-to-be-completed World Trade Center site, according to a committee report released yesterday.
Chris Ward, the former New York head of the Port Authority, is stepping into a new role, as an executive vice president of the large international construction company Dragados.