It is unrealistic to expect that the march of reform will proceed without incident. Yes, both the state and the city have come a long way in recent years on a host of issues, ranging from tax policy to education reform. Mayors and governors understand that it is no longer acceptable to rely on tax hikes to pay for wasteful spending practices. That’s all good.
Every now and again, though, we’re reminded of the kinds of policies that earned the city and state a deserved reputation as a difficult place to do business.
The City Council this week is expected to pass a bill that will require developers to pay higher labor costs on projects that receive more than $1 million in subsidies.
Madison Avenue has a new neighbor, one who knows quite a bit about real estate. Developer Don Peebles of the Peebles Corporation has way up, from Miami to the Upper East Side, to open his first office in New York, according to The Real Deal. The developer, considered the largest African-American builder in the country, moved to the big organic apple to build a few buildings.
Ever since the credit crisis hit and the real estate market collapsed, the news has been filled with disgraced developers–including in these very pages. Yet for every plucked chicken, there seems to be an equal number of phoenixes who, year after year, decade after decade, return from the construction graveyard to build again. (The Observer, Read More
You can now add the space race to the smorgasboard of metaphors used to describe the talent war between Silicon Valley and Silicon Alley.
Charlie O’Donnell is one of the VCs most engaged with the city’s tech community on the street level. When’s he’s not planning events – like a geek snowball fight – Read More
Following the housing collapse, it may come as a surprise that some of the best buildings built, or at least finished, this year were luxury condos. Yet that has long been the case in New York–just take a stroll down Park Avenue for proof. There are other notable projects as well, including a park and Read More
New York City is a real estate town, meaning the people who help shape it are some of the most important in the city. After 2009, one of the worst years for the industry in memory, 2010 has been surprisingly active, even if a lot of that activity involved deals unwinding. Oh well! 2011 will Read More