Feed

The Year in Review

The Year in Review

CO 12-18 Comic

How Chuck Schumer Helped Negotiate the Biggest Leasing Deal of 2012

The five-year saga involving the General Services Administration and 1 World Trade Center reflects both intractable Washington gridlock and the lurching progress at the building formerly known as the Freedom Tower.

When the GSA , an independent government agency in charge of supplying and managing federal offices, secured a 270,000-square-foot lease at 1 World Trade Center, it pushed the still-rising landmark above 50 percent occupancy.

But along the way there was a dramatic scaling back of lease terms, an angry congressman and a Las Vegas spending spree that nearly torpedoed the transaction.

After the jump, an illustrated guide to the biggest deal of the year. Read More

The Year in Review

A sketch of David Winoker.

Commercial Real Estate In Memorium: 2012

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

The Year in Review

year tech broke

2012: The Year Tech Invaded NYC Real Estate

This past February, 10Gen, developer of the computer system database MongoDB, was in search of new office space, specifically in tech- and media-rich Midtown South.

The company needed a large open layout for its workers, with an option for more space to allow the firm to grow—plus an option to terminate. Unfortunately, the ultra-tight market Read More