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Articles Archive for 14 July 2011

Brokers Weekly, Featured »

[14 Jul 2011 | No Comment | ]
No hedging bets at 123 Third

By Liana Grey

Several years ago, F&T Group, a Queens-based development firm, began scouting sites for a new luxury tower. The company — best known for constructing Flushing Mall and Queens Crossing, a mixed-use complex in downtown Flushing — had several Manhattan projects under its belt, including a skinny glass building in Chelsea and a condo conversion in Murray Hill.

Brokers Weekly, Featured »

[14 Jul 2011 | 2 Comments | ]
The charm offensive

By Liana Grey

Four years ago, Ruthann Richert bought a one-story bus garage in East Harlem, on 119th Street between First and Second Avenue. With property values rising elsewhere in Harlem, the neighborhood — best known as a mecca for Puerto Rican immigrants, and lesser known, perhaps, as the birthplace of the actor Al Pacino — seemed ripe for luxury development.

Deals & Dealmakers »

[14 Jul 2011 | No Comment | ]
Downtown construction set to nab midtown rents

By Daniel Geiger

The Manhattan office market is on pace to have its strongest year of leasing activity in the last decade, according to data released by the real estate services firm CB Richard Ellis. The company’s data showed that about 15.7 million s/f of space was leased through the first two quarters of the year. The figure would appear to put the market on track for over 30 million s/f of deals in 2011, even more than 2006.

Deals & Dealmakers »

[14 Jul 2011 | No Comment | ]
Things are lookin’ up

By Daniel Geiger

The Manhattan office market could be poised for a sharp increase in rents, according to data released this week by the real estate services company, Cushman & Wakefield. “If history is a predictor, we are going up between 83 and 98%,” said Joseph Harbert, C&W’s chief operating officer who presented the company’s statistics at a breakfast hosted by the firm in midtown.

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