NEW YORK CITY-An intellectual properties firm, now the second largest tenant in the building, will continue to occupy its space on the 40th and 41st floors. It's been a tenant in the building for more than 40 years.
ALBANY-A new program will restore unoccupied or under-utilized parcels contaminated with industrial waste so they can be used as sites for business/commerce parks or industrial/distribution facilities. To qualify, properties must have a skilled workforce located nearby as well as access to transportation.
NEW YORK CITY-Rate increases of more than 25% were seen in four markets and only two reported decreases. San Francisco, Boston and Midtown New York City took top honors. Rents in Atlanta rose only 0.4% and slipped 1.7% in Los Angeles.
NEW YORK CITY-The first of the studio, one- and two-room bedroom apartments will be located in the Financial District with others planned for Midtown. The company now operates in 24 cities, Canada and the UK.
NEW YORK CITY-The arrangement will enable Insignia's clients to dispose of their surplus and underperforming commercial real estate at up to full value. Properties are acquired for trade credits that can be used to buy media, goods and services.
NEW YORK CITY-HVAC and lighting account for 60% of the energy expense of office buildings. Tenants have a number of options to reduce these and other costs. They include negotiating pricing plans that charge a flat unit rate year round.
NEW YORK CITY-Although it reached an all-time high and saw mutual fund assets climb to a level not seen in nearly three years, it did not do as well as the Dow Jones, year to date.
NEW YORK CITY-Across the street from Carnegie Hall, the 15-story office building has been undergoing renovations for the past two years. The financing was finalized in 45 days.
NEW YORK CITY-The cost of expensive power may prove bad luck for the gaming industry, and a slowing economy could keep the players away from the tables. Gaming firms with diversified portfolios should fare best.
NEW YORK CITY-The offer was conditioned on acceptance of BRT's chairman and CEO joining the board of Entertainment Properties Trust and exemption from certain ownership and voting restrictions.