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NYC
Rents throughout NYC will be going up; board OKs 3-6% hike starting Oct. 1
Rents can be jacked up as much as 3% on one-year leases and 6% on two-year leases starting Oct. 1, according to new city guidelines adopted after a raucous meeting Tuesday.
New York Office Landlords Go SmallJ. ALEX TARQUINIO The New York Times 04/29/2009 | Plan To "Green" NYC Buildings Announced On Earth Day NY1 04/22/2009 |
 Sluggish demand for office space in New York has prompted some landlords to think small. As vacancy rates rise, some developers are splitting large vacant blocks of space into smaller offices and “prebuilding” them — finishing off the space before finding a tenant. Brokers say that landlords are also pouring more money into small spaces in their buildings than they might have a year ago. |  Elected leaders are proposing initiatives aimed at reducing energy consumption and emissions of greenhouse gases in honor of Earth Day today. |
World Trade Center project won't be finished until 36 years after 9/11 - PADouglas Feiden New York Daily News 04/15/2009 | Developers Struggle to Fill Manhattan Office SpaceTERRY PRISTIN The New York Times 04/14/2009 |
 The World Trade Center won't be fully rebuilt and occupied until 2037 - a full 36 years after terrorists reduced it to rubble, a new study says. |  A striking 40-story tower under construction on Eighth Avenue between 41st and 42nd Streets in Midtown Manhattan has a number of things going for it, including floor-to-ceiling windows, still relatively rare for an office building; six terraces; a thick concrete core that reduces the need for view-obstructing columns; and many of the latest advances in energy-efficient technology. |
As Finance Offices Empty, Developers Rethink Ground ZeroCHARLES V. BAGLI The New York Times 04/14/2009 | Empire State Building getting $20M green makeover to cut energy costs New York Daily News 04/06/2009 |
 Merrill Lynch, an investment bank now owned by Bank of America, has started moving the first of thousands of employees to Midtown from Lower Manhattan, a departure that will ultimately leave floor after floor of empty office space at the World Financial Center. |  The Empire State Building has loomed over the city for decades, and now it will stand for something new as it gets a green makeover intended to serve as an example to the world. |
Union Square Housing Turns Trendy, LuxuriousJill Scott NY1 04/03/2009 | Manhattan Apartments Sell for Less if They Are Sold at AllJOSH BARBANEL The New York Times 04/02/2009 |
 Union Square is one of the city's most happening neighborhoods, and is complete with restaurants, shops and accessible subways. As the area evolves, it has also become a destination for developers who are offering an influx of high end luxury apartments. |  Hard times have come to the Manhattan real estate market, according to a series of quarterly sales reports to be issued on Thursday. |
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