Port Authority Bus Terminal

NEW YORK CITY—At 7:20 am, on Monday, at the Port Authority Bus Terminal subway in the underground walkway, between 42nd Street and 8th Avenue and 42nd Street and 7th Avenue, a 27-year-old male, Akayed Ullah, detonated a low-tech, explosive device that was attached to his body with Velcro and zip ties.

The explosion of the crudely fashioned, metal pipe bomb caused burns to Ullah's hands and abdomen, and also lacerations. The suspect was placed into custody and transported to Bellevue Hospital. Three people who were near the explosion suffered minor injuries, including ringing in the ears and headaches. Two of the victims took themselves to Mount Sinai West, the third to Mount Sinai Queens.

In a GlobeSt.com interview, Christopher Berry, senior director at Kroll, a New York-based risk consulting firm, says terrorist attacks most likely will affect CRE in a collateral manner rather than having a direct impact.

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Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.