Suddenly everyone wants to own a hotel in the Big Apple.
I still remember a time, not too long ago, when the least-sought-out asset in New York City was a hotel. Yet, that was perhaps 24 months ago, long before the record 48.7 million visitors traveled to our fair city helping out the hospitality market Read More
On Tuesday, Atlantic Yards developer Bruce Ratner surprised reporters with his candor, acknowledging that the timetable for the project, despite the officially announced 10-year time span, was “market-dependent.”
After all, if the arena and all 16 towers take 25 years, as he acknowledged was possible, then the much-ballyhooed benefits (affordable housing, open space, tax revenues) Read More
Traditionally, nonprofit organizations have preferred to remain in Manhattan, largely due to its centralized location. Cassidy Turley predicts this trend will continue over the next decade, especially as the other commercial submarkets in New York City and surrounding areas, including downtown Brooklyn, Long Island City, the Bronx and Upper Manhattan, do not have significant office Read More
America’s infrastructure is crumbling around us. And the warning signs flash all the way from India to here. Because of that country’s size and population, moving commerce and travelers around the subcontinent poses major challenges. Unfortunately, India’s 40,000-mile rail network is over 150 years old. Intercity rail traffic often exceeds 120 percent of capacity, moving Read More
