Category : Blog

By Dan Orlando The “Avenue of the Americas” is sliding towards the “Avenue of Availability,” according to a study by Savills Studley. The research suggests that the commercial rental market along the prime Midtown Corridor may soon begin to tip in the tenants’ favor despite a current lack of competitive...

 Agents: Eastern Consolidated has been retained as the exclusive agent to market a prime development opportunity for a long-term net lease at 111-115 East 24th Street in Midtown South. Located on East 24th Street between Park and Lexington Avenues, the site is zoned for ±38,000 square feet on ±5,925 square feet of...

Developer Forest City Ratner and construction firm Skanska are taking their dispute over cost overruns at a Pacific Park modular tower in Brooklyn to court. Sixteen minutes after Skanska filed a lawsuit against a Forest City Ratner affiliate yesterday (Tuesday), the developer filed its own lawsuit. Forest City Ratner is seeking damages and declaratory relief from Skanska for “multiple failures and missteps as the construction manager for B2 BKLYN,” which is slated to become the tallest modular tower in the world. Construction work at the 363-unit tower – the first residential building in the $5-billion Pacific Park project developed jointly by New York-based Forest City Ratner and the Chinese firm Greenland Group – has been interrupted for almost a week after Skanska stopped work last Tuesday.