Diving into Affordable Housing, Part I

A panel last night at the New York City Bar Association assessed the place of affordable housing in the city's real estate development.  The sweeping examination concluded that the city is an aberration in the nation, pretty much the only place left that has city-owned housing and the acceptance of politicans and people, almost regardless of philosophy, that this is a good and necessary thing.  In the first part here, moderator Charles V. Bagli, who reports on real estate for the New York Times, sets out why it's important that the city generates housing at all income levels. More on the event throughout the day.

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Cashing in for a Good Cause

  • Posted at 9:50, December 05, 2013
  • By Quidnunc Staff

Multiple media outlets discuss how United Cerebral Palsy of New York sold its Gramercy Park headquarters and took out a lease on the Upper West Side from Extell and Kushner.

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In Tomorrow's News, Gentrification in SoBro and more

Finishing off Wednesday with a Goldman Sachs report on the likely effect of the new Consumer Financial Protection Bureau's ability-to-pay rules, and the latest on the St. Vincent's Hospital site development.

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Westfield Is All In

The Australian mall owner completes its stake in the retail portion of the World Trade Center, paying $800 million to the Port Authority.

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Is this the Greenest Ever?

Crain's New York Business reports that a vacant lot sold today in Harlem will be the most energy efficient apartment building in Manhattan.

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Renting in 2014?

Trulia's monthly report shows what's hot where, and says that overall price increases could boost renting.

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Fight for Your Home, Fight for Your Development Rights, Fight for Your Tax Break. On Twitter.

An interesting story about Bushwick property, as instructive as it is on tax breaks and affordable housing obligation, is an even better primer on fighting for your right to housing AND to develop via Twitter.  Just posted by the Village Voice.

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Offices, Worldwide

Cushman & Wakefield looks at vacancies and rates globally, and here at home.

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New LeFrak Lease Is a 40 W. 57th St. Renewal

The terms are a little sketchy but a major clothing company, VF Corp., will stay on, reports the Commercial Observer.

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Office Space Continues to Tighten

Monthly space report has news of a stronger market: more space, and lower availability. 

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City Science Initiative Includes an East Harlem Science Center

Biotech development will partner Mount Sinai andRensselaer Polytechnic Institute as part of an effort to develop medical technologies.

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Updated: Rounding Up Brownfields Remediation, Bank of America's Mortgages Settlement, and more

A couple of recent stories get their due as well as two just posted on the web destined for tomorrow's New York Times pages. And, updated for (1) a Daily News article where South Bronx tenants gathered to have their investment firm-landlord thrown out for multiple violations, and (2) a New York Post column on a bunch of deals, including a biggie involving a maybe-move for NikeTown that would mean bye-bye Trump and hello Vornado and $3,500 a square foot on Fifth Avenue.

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Corcoran Goes Multiple

The National Association of Realtors announces its first MLS brokerage is an NYC stalwart.

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D.R. Horton Wins a Huge Employment Case. But . . .

At stake is the ability for employees--from union level up to the executive suite--to band together to challenge their employer in court.  It's the nation's labor laws versus the judiciary's preference for arbitration.  The staging is the employment policies of the nation's largest home builder against the National Labor Relations Board. D.R. Horton has won the latest round, today, getting a federal court reversal in the Fifth Circuit in Texas.  But the case is headed to Washington, to the nation's top court.  And then to Congress?

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What's New in the Commonwealth REIT Fight?

NYC powerhouses Corvex and Related are trying to oust the Portnoy family, and have filed papers today with the SEC on their shareholder solicitation.

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