Archive for October, 2010
CMBS delinquency rate drop brings cautious optimism
Posted on 31. Oct, 2010 by Colby Hamilton.
The commercial real estate market this week received good news. The numbers are out, showing an overall drop last month in commercial mortgage-backed securities delinquency rates for the first time in over a year. Nationally, the percentage of delinquencies past the 30-day mark fell to 8.58 in October, down from 9.05 the month before. The […]
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From Pinstripes to Shamrocks
Posted on 30. Oct, 2010 by Amy Yensi.
By Amy Yensi Vendors near Yankee Stadium aren’t making the same mistake twice. The business owners learned their lesson in September, when many failed to exploit the hype surrounding two sold out Hip Hop concerts. As I reported last month, merchants on 161st street did not sell Jay-Z and Eminem themed gear while the Home […]
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Tourism partnerships reflect industry shift
Posted on 30. Oct, 2010 by Kerri MacDonald.
A collaborative tourism campaign involving New York, Chicago, Miama and Los Angeles is a sign tourism industry leaders believe the U.S. needs to do more to attract foreign travelers.
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Starbucks on the smartphone
Posted on 29. Oct, 2010 by Sherry Mazzocchi.
Starbucks has new perks for New Yorkers. A free mobile app lets customers pay for peppermint mochas and pumpkin lattes with their smartphones. In 300 locations all over the city, users can wave their iPhones or Blackberrys under scanners to pay, not having to wait for change or a receipt. Designed to be convenient and […]
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Brooklyn Brand Bringing in Tourists
Posted on 19. Oct, 2010 by Anne Byrnes.
Sony, Nike, Coca-cola? Fuhgeddaboutit! The biggest new brand is Brooklyn. The city’s most popular borough is channeling its iconic history and new reputation as an artistic haven to bring tourists out of Manhattan and across the Brooklyn Bridge. “Brooklyn is increasingly the destination of choice for savvy tourists,” says Brooklyn Borough President Marty Markowitz. “Brooklyn […]
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Effects of Foreclosure Freeze in NYC Remain to Be Seen
Posted on 19. Oct, 2010 by Eleanor Miller.
On the heels of a new report that showed the New York City real estate market may finally be improving, revelations about improper handling of foreclosure proceedings across the country may prove a set back. New York State Attorney General Andrew Cuomo announced last Tuesday that he was launching a probe into foreclosure practices by […]
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“Stranded” Williamsburg Locals Produce Winners & Losers
Posted on 15. Oct, 2010 by Thomas Chan.
With access from Manhattan severely limited last weekend, some of the restaurants and shops on Bedford Avenue in Williamsburg suffered because of the loss of foot traffic.
But the shutdown also drew out plenty of “stranded” locals.
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NYIRN Manufactures a New Home
Posted on 15. Oct, 2010 by Lisa Riordan Seville.
After years in Manhattan, the New York Industrial Retention Network (NYIRN) is taking a page from many of its manufacturing clients. It’s moving to Brooklyn.
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NYC Sales and Rentals Correct Last Year’s Anomalies
Posted on 15. Oct, 2010 by Alana Casanova.
Those looking for a definitive sign on how the New York City real estate market has been doing found contradictory signals last week. Reports showed that the rentals soared while sales crawled in the third quarter – but a look at last year’s figures suggest the markets are actually deeply connected. Both markets are reacting […]
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Hope for a Community, Found in a Food Store
Posted on 15. Oct, 2010 by Katie Honan.
A new supermarket is opening next week on the Rockaway peninsula. This usually wouldn’t be big news, but for a community that has gone without for years, it may be the start of something good: the long-overdue revitalization of an area on the decline since the mid-20th Century, when it lost it’s status as New […]
