New York

Office Market Booming in New York

By Veronica Grecu, Associate Editor
Boston Properties Inc. will resume construction of a 39-story office building in Midtown Manhattan. The company recently signed a 15-year lease for 180,000 square feet of office space with law firm Morrison & Foerster LLP as […]

Smoking Banned in Upper West Side Condo; Metro Theater Returns to Life

By Veronica Grecu, Associate Editor
The board of a 32-story condominium on the Upper West Side has voted with an overwhelming 47 to 3 out of 68 owners to ban smoking inside the apartments. According to a recent article in The […]

Mixed-Use Planned for Willet’s Point; Co-ops Fight Assessment Error

By Veronica Grecu, Associate Editor
New York City’s Economic Development Corp. (EDC) has invited developers to submit plans to convert a part of the 62-acre Willets Point industrial zone into a housing project that would also feature retail and hotel space. […]

BBPC Hunts for Financing while Empire State Building Turns 80

By Veronica Grecu, Associate Editor
The completion of the 85-acre Brooklyn Bridge Park might be delayed until 2013 for financial reasons. After $233 million spent and more than 20 years of planning, the park is far from being finished. And only […]

Brooklyn Will Have New Condos, but Will It Have a Walmart?

By Veronica Grecu, Associate Editor
After several failed attempts to step into the Queens and Staten Island markets, Walmart is now trying to move into the Jamaica Bay neighborhood of Brooklyn, in a retail space at the soon-to-be-expanded Gateway Mall. The […]

Culture to Meet Math at New York Museum

By Veronica Grecu, Associate Editor
A Museum of Mathematics is scheduled to open in Manhattan in the fall of 2012 and a lease for 19,000 square feet near Madison Square Park has just been signed. Set to be located at 11 […]

Market Shows Strength After Years of Recession

By Veronica Grecu, Associate Editor
According to surveys by Rider Levett Bucknall and the Engineering News-Record‘s Building Cost Index, it looks like construction costs in New York are increasing again. Average construction costs rose 2.68 percent in 2010 and 2.86 percent […]