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By The Editors 10/07/10 5:19pm

Boondoggles

The Disaster That Is Dubai’s Real Estate Market

It’s been a while since we’ve read a good Dubai real estate disaster update.

This morning’s comes care of India’s NDTV. In a nutshell, vacancy rates are still rising, skyscrapers still remain incomplete, and purchasers of units in those incomplete towers are still unable to get their money back.

Here’s a snippet:

Apartment buyers who Read More

By Eliot Brown 7/21/10 8:14pm

Boondoggles

Moynihan Station Approved by Key State Board

Plans for an expanded Penn Station received a boost today as the Public Authorities Control Board—a state-run board that previously blocked a different version of the project—approved a first phase for the plan, known as Moynihan Station.

With each additional approval (of which there are many), it’s actually looking like the project, which would eventually Read More