Home » Archive

Articles Archive for 6 November 2012

Featured, Opinion »

[6 Nov 2012 | No Comment | ]
REBNY: Industry will restore what Mother Nature tore down

Hurricane Sandy was terribly devastating to our great city and the tri-state region. This destruction of homes and businesses and irreplaceable loss of life will be remembered for a long time.
It has been reported that Hurricane Sandy will end up causing about $20 billion in property damages and $10 to $30 billion more in lost business.
New Yorkers are strong, resilient and committed. Our city and the real estate industry will rebuild and restore what Mother Nature tore down.

Construction & Design, Featured »

[6 Nov 2012 | No Comment | ]
World Trade Center building schedule still on track

Construction at the World Trade Center resumed this week after floodwaters poured into the site during Hurricane Sandy.
The day after the storm the decimated much of the tri-state area, Silverstein Properties said inspectors examined the company’s three building sites along the eastern portion of the WTC site.
According to the company, all of the construction cranes at the site are in “working order,” no structural damage occurred at any of Silverstein’s WTC towers, including 4WTC, which remains on schedule to be completed in 2013.

Construction & Design, Featured »

[6 Nov 2012 | No Comment | ]
No shortage of materials for hurricane rebuild

A recent lull in construction means that the New York Metro area has the materials and workers at hand to begin rebuilding in the aftermath of Superstorm Sandy with little delay, according to Ken Simonson, chief economist for the Associated General Contractors of America.
But the disaster will be far from a construction industry windfall, he said, speaking as part of an online forum of economic experts organized by the National Association for Business Economics Tuesday afternoon.

Deals & Dealmakers, Featured »

[6 Nov 2012 | No Comment | ]
Sandy forces tenants into space race

While the lights are back on in much of Manhattan, flood damage to downtown office buildings has left companies looking for temporary space where their employees can get back to work warm and dry – and fast.
Laura Kozelouzek, chief executive for Quest Workspaces, had filled all 55 desks at the firm’s first New York shared office facility at the Time Life Building two days after Sandy struck.
“We opened with a so-called bang, I guess you could say,” Kozelouzek said.

Editorial Supplements »

[6 Nov 2012 | 10 Comments | ]
Moinian responds to tenant critics

The Moinian Group, one of New York City’s largest real estate owners and developers, announced it will provide rent credits to all office, retail and residential tenants who were displaced from Moinian-owned and managed properties by Hurricane Sandy listed below.
The announcement was made by Joseph Moinian, the company’s founder and CEO.
The Moinian Group, which owns 20 million square feet of office, retail, hotel and residential property in the United States, has a large concentration of assets in lower Manhattan, an area deeply affected by Hurricane Sandy.

Related Posts Plugin for WordPress, Blogger...