Real Estate News from October 2014

  • Chinese Investment Facilitates Brooklyn Development By Brad Bergan | October 15, 2014

    Forest City Ratner’s Brooklyn housing project (formerly known as Atlantic Park, now dubbed Pacific Park), which encountered indeterminate delays on the project’s first tower (

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  • Vision Zero Update: Speed Limit Lowered By Jonathan Tuason | October 15, 2014

    City Council has officially lowered the speed limit (on most streets) to 25 miles per hour in a decision that will take effect on November 7.  The new traffic law will apply to streets where there is no signage indicating otherwise.

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  • Knowledge is Power and Money: College Building Construction Benefits NYC By Gerard Masilang | October 14, 2014

    New York City is home to the largest population of college and university students in the country. This year alone, over 2 billion dollars will be spent on higher-education construction, and according to a new survey from a building industry trade group, the New York Building Congress, spending will continue at similar levels for the next three years.  

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  • NYC Still Waits for Telecom Giant's Citywide FiOS By Gianna Villavicencio | October 14, 2014

    It's likely for users to want fast online access at reliable hotspots, especially in New York, where everyone always seems to be on the move. In 2008, Verizon Communications signed one of the largest franchise contracts with the city, wherein it vowed to bring fiber optic service (FiOS) to every corner of the five boroughs by June 30, 2014.

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  • Disparate Funding: Instituted Rivalry By Brad Bergan | October 10, 2014

    Richard Anderson, president of the New York City Building Congress, recently stated that “higher-education may be the largest individual sector in the city doing this much construction.” Indeed, New York City’s spending on higher-education will t

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  • New Bill to Lower Taxes for More NYC Commuters By Gianna Villavicencio | October 07, 2014

    In the hustle and bustle of New York City, commuting from one's home to workplace and back is often seen as an extra hassle. Also, given the high costs of living in the area, any dollars saved in commuting could go a long way. Thus, a new bill seeks to help those who regularly ride subways, trains, and buses by offering them tax benefits.

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  • Waldorf Astoria and Chinese Investor Impact in New York By Gerard Masilang | October 07, 2014

    In what could be the single largest transaction of the year, Anbang Insurance Company has agreed to purchase the Park Avenue landmark, Waldorf Astoria hotel, from Hilton Worldwide Holdings Inc. for 1.95 billion dollars. The Hilton will continue to manage the hotel, which will undergo major renovation through this strategic partnership.  

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  • Almost Made In Brooklyn By Brad Bergan | October 07, 2014

    Earlier this month, Skanska terminated its agreement with the developer Forest City Ratner, who were previously engaged in a joint effort to construct the world’s tallest modular tower.

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  • Lower Manhattan Hotel Developments By Gerard Masilang | October 01, 2014

    The hotel industry in Lower Manhattan is alive and well.  An estimated 3,292 rooms across 17 projects will be completed in the near future. This is an increase of over 30 percent from last year- 2,431 rooms across 13 projects.

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  • Multifarious Solutions to de Blasio's 2050 Challenge By Brad Bergan | October 01, 2014

    Mayor de Blasio’s challenge to NYC to reduce its greenhouse gas emissions to 80% of 2005 levels by 2050 is a feasible goal, considering how far it’s already come.

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