2/27/12 10:18am

Leasing Woes

Mr. Minskoff not pictured.

A Whole Lotta Space Up for the Takin’ in 2013, WSJ Sez

While leasing activity for much of New York City in the past few months has been more lackluster than blockbuster, a sizable chunk of available space –sizable in the, say, 6 million square foot range– is on the cusp of hitting the market, The Wall Street Journal reports.

New developments like 1 World Trade Center, 4 World Trade Center, and Edward Minskoff’s 51 Astor Place, are all slated to hit the market in 2013. The last time NYC had this much new space becoming available was in 1989, said Cassidy Turley’s Robert Sammons. Read More

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

Construction Outlook 2012

2044_1_51AstorPlace_Page_08

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 Daniel Geiger 1/26/12 9:37am

Landmarks

16 Court Street.

Pinsky Defends Downtown Brooklyn Landmarks Preservation Decision

Seth Pinsky, head of the city’s Economic Development Corporation, said that the recent motions to landmark buildings in downtown Brooklyn wouldn’t prohibit landlords there from attracting tenants in search of 21st-Century accommodations.

Mr. Pinsky gave his comments participating in a panel this morning in midtown hosted by the accounting and business consulting firm Margolin, Winer & Evens LLP and came as other panelists, including Mr. Pinsky himself, highlighted the need for new space in the city. Read More

By Andrew Rice 6/25/01 12:00am

Minskoff Declares Battery Park Tower Even as Foes Moan

No one seems to believe Edward J. Minskoff. Two months ago,

the developer made what could fairly be described as a stunning announcement:

He was planning to build a 36-story speculative office building on Greenwich

Street, near Battery Park City.

It was as if, at a time when other developers were boarding

up their Read More