Archive by Author
EDC Reclaims Site in Continued Harlem Revitilization Push
Posted on 01. Dec, 2010 by Colby Hamilton.
When the city handed over the former Taystee Bakery complex on 125th and 126th Streets in West Harlem to grocery chain Citarella, it envisioned a revitalized former manufacturing complex. That was 1999. Now, more than 10 years later, the city wants to give someone else a try. On November 18, the New York City Economic […]
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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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Times Square evolves, changing dynamics for everyone
Posted on 15. Oct, 2010 by Colby Hamilton.
“I’ve been here for 11 years and if you told me you’d get a lease for $1400 a square foot I would have told you you were crazy,” said Ellen Goldstein, vice president of planning, policy and design for the Times Square Alliance. Sunglass maker Oakley’s inking of just such a deal in the bowtie […]
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City’s New Green Building Codes Play Catch-Up
Posted on 02. Oct, 2010 by Colby Hamilton.
The New York City Council Wednesday passed five bills that help provide a “green” buildings code baseline for the way buildings are designed, built and maintained. The bills codify concern for the environment in New York City, mandate the automatic turn off of lighting in commercial spaces when not in use, and sets standards for […]
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Commercial rates improve, big and small alike
Posted on 16. Sep, 2010 by Colby Hamilton.
The last year from retail vacancies outside of Manhattan has been rough. According to a CBRE Econometric Advisors report released last week, vacancies for community and neighborhood centers, such as large grocery stores and chain storefronts, was at 8.5 in the second quarter of 2009. In the first quarter of 2010 it was up to […]
