By Daniel Geiger 2/14/12 2:00pm

Construction Outlook 2012

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Construction Financing is Back But, As Developers Are Learning, Equity is Key

Plenty of statistics point to the need for new office construction in Manhattan, and the city’s aging building stock isn’t least among them.

Indeed, no meaningful addition to the city’s roughly 400 million square feet of commercial space has been added to the skyline in two decades, raising questions as to whether it could face a shortage in the coming years, a situation that has pressured rental spikes in the past. For now, however, amid what appears to be at least a hiccup in leasing during the last quarter of 2011 and the opening quarter of this year—not to mention lingering concerns about the health of the economy—only the most intrepid developers have gone into the ground with projects. Read More

By Eliot Brown 3/31/09 5:37pm

The Taconic Titans

Location: How’s the economy been treating you?
Mr. Pariser: The New York economy is very difficult right now. There’s a lot of pain out there. We’ve been blessed with great projects, we’re substantially leased in our portfolio, and in very good shape. So we’re doing very well, but, as an overall statement to the Read More

By John Koblin 4/02/07 12:00am

High Line Park Spurs Remaking Of Formerly Grotty Chelsea

The mission of the High Line, the future park that will rest on an elevated train platform slicing across 22 Manhattan blocks, is to slow down. The park’s designers want the experience of it to be meditative, a break from hustling urban life.

But just beyond its limits—which stretch only as wide as the skinny Read More