Real Estate News from December 2012

  • Apartment Archetypes: Pre-war Vs. New Construction By Angel Jiang | December 04, 2012

    The terms “pre-war” and “new construction” get tossed around a lot to describe Manhattan apartment buildings--often seemingly carelessly or ambiguously. Though the terms are self explanatory, they assume plenty of connotations when it comes to real estate. Depending on who you ask, apartments are investments, “machines for living,” or simple homes. Each term encompasses wide subgenre of choices, and buyers and renters cater their decisions to the apartment’s qualifications, determining which ones they value most. The terms pre-war and new construction offer a means of classification, but even these classifications don’t necessarily hold true--keep in mind the many spin offs, like renovated townhouses or condo loft conversions. Nevertheless, the two terms still provide a choice-driven beginning to an apartment search.

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  • Cornell NYC Tech Office Taking Shape on Roosevelt Island By Liam Delaney | December 03, 2012

    Cornell NYC’s applied sciences campus has been in the works for a while now. The campus on Roosevelt Island is set to boast 300,000 square feet of commercial space, including offices, a hotel, and even a conference center. Executives involved with the project said that they are looking for tenants from a variety of fields including technology, venture capital, and intellectual property law. The 2-million square foot campus, a collaboration between Cornell University and Technion-Israel Institute of Technology, is slated to transform not only Roosevelt Island, but New York City’s technology sector, a section that is supposed to rise over the next 35 years. The first phase of construction is slated to be complete by 2017.

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