NEW YORK CITY-The Y is moving to a new development on 14th Street where it will have 67,000 sf on two floors, the same amount of space it had on nine floors uptown.
NEW YORK CITY-CityRealty.com allows renters and buyers to indicate what buildings they would like to live in. When something appropriate becomes available, a broker can contact them electronically. It can also facilitate scheduling of an appointment to view the property.
NEW YORK CITY-B/B+ apartment buildings on the East and West Coast are regarded positively by survey interviewees as is class A distribution space near transportation hubs. Limited-service hotels should be avoided, however.
NEW YORK CITY-During the last 15 months, the REIT has repurchased more than 204,000 of its own common stock at an average price of $4.94 per share as part of its 400,000 buyback program.
NEW YORK CITY-This technology allows computers to be used in apartments without being connected to a phone line or cable wire. Web cams allow tenants to see what is going on in public areas of their building.
NEW YORK CITY-Moody's concludes that a cautious outlook for the global economy is warranted over the next year due to a less plentiful supply of financial capital and poor stock price performance.
NEW YORK CITY-RFR also acquired the property's master lease from Thomson Financial, and signed a long-term re-lease with Forbes, Inc. Rents range up to $50 per sf.
NEW YORK CITY-The $210 million project will include a mixture of affordable market-rate units, a community center with athletic facilities and 170,000 sf of retail. The complex may be eligible for a partial tax exemption.
PALM BEACH-The Silicon Valley properties of the REIT, which operates extended-stay hotels, led the way, reporting average revenue per available room growth of 19.5%. It continues to divest non-strategic properties, about 10% of its portfolio.