Monthly Archives: June 2014

20140630 globalrich140623_560

NYC real estate is world’s destination for stashing money

The New York real estate market is now the premier destination for wealthy foreigners with rubles, yuan and dollars to hide.

Read more here:

http://nymag.com/news/features/foreigners-hiding-money-new-york-real-estate-2014-6/

20140625 Long-Island-Railroad

MTA proposes 17% wage increase to avert LIRR strike

To help avert a strike by workers at the LIRR, the MTA is proposing a 17% wage increase over seven years.

Read more here:

http://www.crainsnewyork.com/article/20140624/TRANSPORTATION/140629922/mta-proposes-17-wage-increase-to-avert-lirr-strike

20140624 rent-freeze

Rent Guidelines Board votes for historically low rent increase

New York City’s Rent Guidelines Board voted to lift rents for the city’s 1 million stabilized housing residents Monday evening, but to do so with a historically low increase.

Read more here:

http://therealdeal.com/blog/2014/06/24/rent-guidelines-board-votes-for-historically-low-rent-increase/

20140623 160 E 22nd

Developer’s solution looks like a giant Tetris game

Developers aren’t always able to acquire all the buildings or lots they would like, so they come up with interesting solutions to maximize the size of their project, including cantilevered designs.

Read more here:

http://www.scoutingny.com/the-giant-tetris-game-on-third-avenue/

20140619 pet

Apartment appropriate pets

If you long for an animal companion but live in an apartment, don’t despair: you don’t need to own a home with a huge yard to give a pet a good home. All you have to do is select an animal that can live in a small area and won’t damage either your apartment or your relationship with your neighbors. And of course, make sure your lease agreement specifically allows for the type of pet you choose.

Read more here:

http://blog.allstate.com/6-apartment-appropriate-pets/?cid=OTC-SOC-PB-BLOG&att=OB_SLIDESHOW-6-ApartmentAppropriate-Pets

20140617 riverpool

Seven Swimming Holes near NYC

If you find the waves off the Atlantic a bit too rough and unpredictable and prefer to cool off in calm waters, head to one of these swimming holes less than two hours from the city. From lakes to ponds, these are all worthy of a road trip. Of course, if you don’t want to trek out of the city in search of a river, you can always spend Sunday June 22nd, swimming off of Governors Island.

Read more here:

http://gothamist.com/2014/06/16/seven_swimming_holes_near_nyc.php

20140616 photo

Office construction hits fastest pace since 1990

A projected 9 million square feet of space will have been added during the three years ending in 2015, the most in any such span since 1990. In the near term, the bulk of the additions will come downtown, but will shift to other Manhattan environs beginning in 2016.

Read more here:

http://www.crainsnewyork.com/article/20140616/REAL_ESTATE/140619895/office-construction-hits-fastest-pace-since-1990

20140612 skyline

City speeding up building-approval process

In a move that officials hope will lower building costs and spur development of more affordable units, city planners have dropped their long-running requirement that projects meet every demand before beginning the public-review process.

Read more here:

http://www.crainsnewyork.com/article/20140611/REAL_ESTATE/140619991/city-speeding-up-building-approval-process

20140611 Commercial-real-estate

City sees surprise explosion in leasing activity

Office tenants inked deals for 3.6 million square feet in May, 72% above the five-year average.

Read more here:

http://www.crainsnewyork.com/article/20140610/REAL_ESTATE/140619987/city-sees-surprise-explosion-in-leasing-activity#

043-044 Mega companies se FINAL.indd

Manhattan landlords playing the office space shuffle

With major tenants opting for new buildings, a slew of office towers look to fill big empty blocks

Read more here:

http://therealdeal.com/blog/2014/06/10/manhattan-landlords-play-the-office-space-shuffle/