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A Building Boom in New York Hotel Rooms

The New York Times 10.10.2012
A Building Boom in New York Hotel Rooms

Defying the sluggish global economy, New York’s hotel sector is growing at a record-breaking pace.

Sidewalks in New York – the legal obligations of property owners

A common misconception in New York is that the City is responsible for maintaining the sidewalks in good condition. However, the law is not so clear cut on the issue. It is true that in the past, the City was responsible for the streets as well as the sidewalks. But that law has changed over the years. Although the City is still responsible for maintaining the streets in good repair, property owners in New York need to be aware of their legal obligations with regard to the sidewalk abutting their premises.

Income to Soar for Empire State Building

The Wall Street Journal 14.08.2012
Building shows Williamsburg real estate market is still white hot

Last Monday at 7 p.m, the sign-up sheet at 65 N. Sixth St. just off Wythe Ave. kept getting longer and longer. Couples, some with children, pranced through model units at the relaxed open house that picked up steam as the sun set and work hours wound down.

Income to Soar for Empire State Building

The Empire State Building’s income is poised to double within four years and more than triple by 2026, according to a new securities filing related to the proposed public sale of the building.

New York Falls to Third in Foreign Commercial Real Estate Buying

New York fell to the third-most popular city for overseas commercial real estate buyers in the second quarter, trailing London and Paris, as Europe’s debt crisis failed to deter purchasers, Jones Lang LaSalle Inc. said.

Signs of Recovery in Real Estate Give a Lift to Funds

THERE was much for investors to worry about in the second quarter, but at least real estate was far down the list. Several reports hinted at a recovery in this long-suffering category, and that helped real estate investment trusts — portfolios of various types of property, and traded on stock exchanges — to outperform, along with funds that focus on them.

Real estate brokers battle for share

Crain's New York 28.05.2012
Real estate brokers battle for share

Real estate brokerages constantly seek to cut the best, most creative deals for their clients. These days, though, many firms here are funneling their time and energy into transactions with themselves at the center.

What Happened to the Promise of Reduced Property Taxes?

This was supposed to be Iowa's year in the Legislature yet we now have property tax rates akin to those in New York City. What gives? Senator Jerry Behn breaks it down.

CBRE finds its green hat fits great

Crains New York 19.04.2012
New York State's new property tax cap impacts school budgets

Suburban voters head to the polls Tuesday to decide on school budgets. For the first time, the state’s new property tax cap came into play. The two percent tax cap pushed by Governor Cuomo and passed by the legislature has forced some districts to make serious budget cuts. That includes teacher and staff layoffs.

CBRE finds its green hat fits great

It's not just landlords who are going for gold these days. So too are their tenants. A case in point is CBRE Group Inc., which has just won LEED Gold certification for its midtown office space at 200 Park Ave. from the U.S. Green Building Council.


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