The Highline 2.0
The Highline has been one of the best projects in NYC over the past decade. There are still dozens of development sites and exciting projects that are yet to be built….and its possible that the best is yet to come.
Entries by Michael Rudder
Should I Rent or Buy?
Here is a great article in the Small Business section of the New York Times about rationalization of a business owner who bought his warehouse instead of renting.
The Ground Zero Mosque is Symbolic of what makes the NYC Real Estate Market So Strong
Michael Bloomberg’s remarks on the Lower Manhattan Mosque reminds us of how our great city is made up of and built by people of all religions and origins. Whether it is Middle Eastern investors paying huge prices for our iconic buildings, or religious groups spending hundreds of millions of dollars to build religious and cultural […]
Kayaking Around Manhattan
On Friday, July 9th the Young Men’s and Women’s Real Estate Association hosted its fifth Kayaking Day. This year we took it up a significant notch and kayaked around the entire borough of Manhattan. I was accompanied by Robin Fisher (Newmark Knight Frank), David Brause (Brause Realty), Gary Trock and his two sons (CBRE), Lindsay […]
Despite their bad reputation, Goldman Sachs is still big, which is good for New York City
While Goldman Sach’s approval ratings might be worse than a combination of John Edwards and Bernie Madoff, they are still the trusted advisor to the world’s biggest companies…which means prosperity for New York. http://www.nytimes.com/2010/06/15/business/15sorkin.html?ref=business
An Urban Farm Grows in Queens
My friends Jeff Rosenblum and Ashish Dua of Acumen Capital (formerly of Time Equities, Inc.) recently leased the roof of their building in Long Island City, Queens to a farm. There is a lot of talk about green and sustainability out there, but this is one of the most unique concepts I’ve seen in awhile.
Foreign Missions and Consulates Actively Purchasing Office Condominiums
Foreign missions and consulates continue to purchase office condominiums. Some have even strayed from the Midtown East submarket and away for the United Nations. In 2008 I sold the Mission to Trinidad and Tobago a 25,000 square foot floor at 125 Maiden Lane in Lower Manhattan. UN related entities continue to show interest in our […]
Bloomberg should keep grabbing from the state
New York State recently gave up control of Governors Island, a 172-acre site just off the Manhattan and Brooklyn shores. Under Bloomberg’s control people are more optimistic than ever that the former military base will be converted into incredible park land, commercial developments and a possible satellite campus for New York University. Should more State-controlled […]
Another great piece by Thomas Friedman on the need to promote new/small businesses
In order for our economy, and New York City’s commercial real estate market to fully rebound there needs to be an increase in jobs. The New York Times columnist Thomas Friedman explains the interesting statistic that over the past 35 years any job growth was created by businesses that have existed for five years or […]
