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Articles Archive for 29 August 2011

Construction & Design, Headline »

[29 Aug 2011 | No Comment | ]
All systems go at WTC site as Irene scurries out of town

By Linda O’Flanagan

Hurricane Irene failed to cause any major damage at the site of the 9/11 Memorial, which is still on course to be dedicated on the 10th anniversary of the terrorist attacks. The memorial will then open to the public on September 12, 2011. In a series of tweets during the weekend storm, memorial director Joe Daniels reassured the public that, despite the heavy rain and high winds, Irene did not flood the site or damage the property. The 225 trees on the memorial plaza also came through without damage.

Deals & Dealmakers, Featured »

[29 Aug 2011 | 9 Comments | ]
Student housing a hit for Sitt and Tamir

By Roland Li

In the wake of the recession, Isaac Sitt and Elliot Tamir began noticing a pattern in their Vesper Holdings portfolio. As retail and residential dropped off, one class of property remained strong. “The student housing assets held up much better than any other assets,” said Sitt. Although it didn’t have the breathtaking returns of Manhattan residential during boom times, student housing also avoided plunging prices during the downturn.

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