Thursday, February 17, 2011

Commercial

The Pratt Institute’s Myrtle Hall opened in January on Myrtle Avenue.
Daniel Barry for The New York Times

The Pratt Institute’s Myrtle Hall opened in January on Myrtle Avenue.

Myrtle Avenue in Brooklyn, once known as “Murder Avenue” for its crime rate, is riding a wave of improvement, helped by the neighboring Pratt Institute.

Square Feet

In Washington, a Historic Retail Strip Is Revived

Barracks Row, a shopping strip southeast of the Capitol, hit hard times before businesses began restoring it block by block.

Growing Bloomberg L.P. To Rent Half of a Tower

Bloomberg L.P. signed a lease for 16 floors in the former Philip Morris building, across from Grand Central Terminal.

Square Feet

Asbury Park’s Boardwalk Revival Moves Inland

Low property prices and rents are attracting businesses back to Asbury Park’s downtown, creating a growing restaurant and club scene.

Square Feet

Data Centers Offer Hope for St. Louis Office Market

The overall downtown vacancy rate is over 22 percent, but the growth of data centers is bringing tenants and hope.

Square Feet

Playing to Hedge Funds, a Trophy Rises in Midtown

The Midtown tower, built as the office market slumped, is filling up and may presage a recovery of Manhattan’s high-end office market.

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Arrival of Nokia Bolsters a City’s Hopes

After many false starts, a troubled 36-acre development project gets a big tenant and new hope.

Bet on Foreclosure Boom Turns Sour for Investors

Investors hoping to make millions buying the back-office operations of a foreclosure lawyer have come up short.

Square Feet

Daughter of Birmingham Plans Revival

A descendant of the Alabama city’s founders, trained in urban planning, has bought up properties with the goal of creating a design-centered district.

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Who Invests in Low-Income Housing? Google, for One

As banks retreat, corporations like Google and Verizon are stepping up to buy tax credits from developers of low-income housing and get the projects moving again.

The End of the Hotel Deals

As growth picks up, employment steadies and financing to add new rooms remains tight, hotels may begin to raise their rates.

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‘Bad Boy’ Guarantees Snarl Billions in Real Estate Debt

Delinquencies in commercial mortgage bonds are at a record high as restructurings are being delayed by lengthy foreclosure court cases.

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Office Work Space Is Shrinking, but That’s Not All Bad

As employees become more mobile and less tied to their desks, the average amount of space per employee has been dropping, and what remains is being made more flexible.

Landlord Sues His Tenants, Objecting to an $81 Million Renovation They Paid For

Charles Cohen, owner of a Manhattan building across from Macy’s, said Peter L. and Anthony E. Malkin broke their 1963 lease by making structural changes.

The 30-Minute Interview
Square Feet | The 30-Minute Interview

Andrew Mann

Mr. Mann, is the managing director of the United States operations of Gardiner & Theobald, a project management and construction consultant with offices worldwide.

Square Feet | The 30-Minute Interview

George S. Kaufman

Mr. Kaufman is the chairman of the Kaufman Organization, which owns commercial properties in the New York area and provides brokerage and consulting services.

Square Feet | The 30-Minute Interview

Robert D. LiMandri

Mr. LiMandri is the commissioner of the Department of Buildings, which oversees nearly a million properties in New York City, by enforcing various building codes and laws.

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