Introducing North Brother Island. It’s a once-developed island overgrown with trees. By itself, maybe not so interesting. But we are told in this business that location is everything, so it comes as a shock that this abandoned island is situated between Queens and the Bronx in New York City. You read that right: it’s New York real estate that has yet to be paved over.
An Atlanta transit landlord goes vertical, avoiding the perils of studying the wrong thing, and Chicago’s River North celebrates its fifth decade of renewal. Its’ all here in the Commercial Real Estate News Roundup for Sept. 17, 2014
In what one architect referred to as “the last step in the rebranding of something that has disappeared,” New York’s World Trade center has settled on a new visual identity.
The work of a distinguished corporate branding shop headquartered in New York, the new abstract trident logo recalls shapes of structures both standing and lost. It manages to connote remembrance of the aftermath of the 2001 attacks while at the same time encompasses redevelopment, echoing structures standing and proposed today on the site. From David W. Dunlap’s piece in the New York Times
Do some major commercial deals in New York City represent a coming trend for tenant brokers across the country?
With no set rules, the task of figuring broker and rep commissions on commercial deals is left to the negotiators at the table. In deals both large and not so large, brokers, tenant’s reps and landlord reps often look to the value of the lease, using that number first in the calculations for commissions. But outside of that common first step, a deal can take any specific structure, from simple to complex to downright exotic.