At today's Bloomberg LINK Cities & Debt Briefing in TriBeCa, Arizona Treasurer Dean Martin moments ago offered a different perspective on why public-pension funds should perhaps ease up on trying to achieve 7-8 percent annual returns. Leaving aside the drier academic argument over whether 7-8 annual return targets are unrealistic... Read More
Tag: Real Estate
The Post that City Council Speaker Christine Quinn wants to spend $20 million giving developers of unsold condos up to $50,000 a unit if they'll turn "market rate" homes in Harlem and Brooklyn into "affordable housing" homes. In one examp Read More
Union leaders, contractors and real estate developers are trying to reach a new "project labor agreement" (PLA) to cut costs on private construction projects in New York City. But while Mayor Blomberg is anxious to participate in a news conferen Read More
The Wall Street Journal today that the town of Avondale, AZ, will use a $2.5 million grant from the federal government's "Neighborhood Stabilization Program," signed into law by the president in July, in part to "build two additional rental Read More
The Times today that the amount of commercial real estate on the market in Manhattan has doubled since last year, and that rents are down "20 to 30 percent from the going rents at the end of the summer — to around $75 to $80 a square foot Read More
Today's Times has an about the city's efforts to lure more of the biotech industry to New York by subsidizing real estate in Brooklyn and Manhattan. It inadvertently makes the case for across-the-board tax cuts. Read More
Yesterday, another New York art auction went , with a Christie's sale bringing in $146.7 million against a "low" estimate of $240.7 million. "Of the 82 works for sale, 36, or more than 40 percent, of the auction went unsold," the Times repo Read More
The city has released on the New York City residential condominium market, while analysts at the private firm Portfolio and Property Research (via and ) have released some projections for the metro-area office-building market. Taken together, the ne Read More
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