Google signed a $1.8 billion contract to purchase 111 Eighth Avenue in the meatpacking district. The deal is the largest US commercial real estate purchase by a tenant ever. Google currently occupies about 500,000 square feet in the building and plans to expand. Google’s purchase sets a huge example of how companies are better off […]
The Economist recently highlighted the fact that 7.% of new private-sector job creation since the beginning of the year occurred in New York City. This is impressive because city has less than 3% of America’s population. Other great facts about NYC’s strong economy discussed in the article include: – Average weekly wages in Manhattan jumped by […]
A creative, functional office can set the tone for everything a company does. So Inc.com teamed up with Architizer to identify the best offices on the planet. Here’s what they have found.
Steve Jobs’ 2005 Stanford Commencement Address is thought to be the greatest commencement speech of all time. Drawing from some of the most pivotal points in his life, Steve Jobs, chief executive officer and co-founder of Apple Computer and of Pixar Animation Studios, urged graduates to pursue their dreams and see the opportunities in life’s […]
Time Equities Inc. recently closed on the sale of the entire 7th floor (11,294 rentable square feet “RSF”) at 70 West 36th Street to a software developer based in Beijing and New York City.
We’re pleased to announce the introduction of Rudder Property Group, a brand new commercial real estate brokerage and advisory firm specializing in the New York City office condominium market. At Rudder Property Group, we represent purchasers, sellers, developers, owners and lenders in the acquisition and sale of office condominiums throughout the city. We also provide […]
Following the August 24th article in the NY Times titled “When Feng Shui Helps Determine a Deal’s Fate”, CNN International decided to run a piece on how Feng Shui has played a part in the office condominium market in New York. In the past year we have closed 11 deals with buyers of Indian or Chinese […]
My article in the New York Times came out today on the unique aspects of doing business with the international community. While I do enjoy learning about the different cultural traditions, the real story is in how active the Chinese-American community have been. In the past three months I have sold nearly $30 million worth […]
New accounting standards are in the works that will require companies to recognize new and existing lease payments as a liability on their taxes. In this market most companies are burdened with poor financials and heavy debt. According to Shahab Moreh, a partner with accounting firm WeiserMazars LLP “Additional liabilities on the balance sheet for […]
New York City has been denied by the U.S. Department of State in its attempts to make foreign missions to the United Nations pay taxes on property they own in New York. Missions, like 501 C-3 non-profits, are exempt from paying real estate taxes when the own their space, including office condominiums. However, missions and […]
