By Jotham Sederstrom 2/01/10 7:34pm

Name Game-Changer

The Commercial Observer: So, my first question is …

Mr. Boisi: ‘What’s the name of your new company?’

 

You got it. What is the name of your new company?

Our new brand in New York and the rest of the nation is Cassidy Read More

By Dana Rubinstein 10/05/09 8:58pm

Dawn Over Commercial Manhattan?

Colliers ABR director of research Robert Sammons isn’t some sort of sunny-eyed optimist whose overly cheery outlook immediately transforms horrific markets into “challenging” ones, or plummeting rents into “competitive asking prices.”

So it’s kind of meaningful when Mr. Sammons puts out an optimistic report. Which is exactly what he’s done.

After leading his Manhattan Monthly with Read More

By Dana Rubinstein 9/15/09 11:39am

Class A Leasing Goes from Bad to Less Bad

Manhattan’s high-end leasing market has gone from bad to slightly less bad.

The Class A vacancy rate, for example, fell from a bad 12 percent in July to a slightly less bad 11.8 percent in August, according to a monthly report from Colliers ABR. Accordingly, average asking rents for Class A space rose a Read More

By Dana Rubinstein 5/12/09 10:38pm

Groundhog Day! ’90s Prices Beckon in AIG Tower Bids

The bidding wars have begun for embattled insurance giant AIG’s two downtown New York skyscrapers, with the second-round bids rolling in May 7. So far the bidding process—which will finally give downtown landlords some sense of what their properties are worth—is pointing to a market that, much like elsewhere in Manhattan, is sore and tender Read More

By Dana Rubinstein 4/14/09 11:28pm

Midtown, for the Count?

Street-side, midtown’s glass walls can feel desensitizing and claustrophobic. Inside are miles of cubicles, as far as the glazed eye can see. But it is not aesthetics that have made midtown the seat of America’s financial industry.

It is the mundane: access to New York City’s superlative labor pool; fast transport to mannered estates Read More

By Dana Rubinstein 3/17/09 11:24pm

Will Recession Cause Towers Significant Shrinkage?

New York City’s iconic man-made towers might just, should this downturn prove as dreadful as some have predicted, start experiencing some mysterious (and embarrassing) shrinkage. On paper, at least.

Allow us to explain. In English, a square foot translates into a scientifically precise 144 square inches. In New York real estate–ese, a square foot Read More