Worlds Business

Archive for the ‘Office Buildings and Commercial Properties’ Category

In the midst of a real estate crash, Dubai pulled out all the stops to celebrate the opening of the world’s tallest building.

author By LANDON THOMAS Jr., source www.nytimes.com

After investing in the financial industry in London, sovereign wealth funds from the oil-rich Persian Gulf are pouring money into the skyline.

author By JULIA WERDIGIER, source www.nytimes.com

As states and municipalities nationwide move to develop office space for biotechnology businesses, Long Island has, in fits and starts, been working to attract start-up life sciences companies.

author By ALISON GREGOR, source www.nytimes.com

A group led by Mortimer B. Zuckerman is buying the Fifth Avenue building and three other Midtown towers from the Macklowe family for $3.95 billion.

author By CHARLES V. BAGLI, source www.nytimes.com

Even with deep pockets and strong currencies on their side, foreign investors in Manhattan’s office market are waiting in the sidelines, weighted down by the credit crunch.

author By J. ALEX TARQUINIO, source www.nytimes.com

Investors who purchased the historic American Bank Note building in the Hunts Point section of the Bronx are working to convert the building into attractive and affordable office space.

author By AMY CORTESE, source www.nytimes.com

Manhattan landlords and developers are creating new rentable space from top floors once used for storage or equipment, and they are figuring out how to use even small quantities of air rights.

author By CLAIRE WILSON, source www.nytimes.com

At a time when many developers around the country are being forced to pull in their reins, Larry A. Silverstein has only to look out his windows to see a new real estate empire in the making.

author By TERRY PRISTIN, source www.nytimes.com

The Lightstone Group, which made one of the last big real estate deals before the credit squeeze, has defaulted on loans for two apartment complexes and is trying to renegotiate other loans.

author By TERRY PRISTIN, source www.nytimes.com

When landlords start calling, one broker said, “I know the winds are shifting,” but whether the market is just slowing or skidding toward recession remains unclear.

author By ELSA BRENNER, source www.nytimes.com

In the trendy meatpacking district, an office tower used to be as rare a sighting as a fanny pack. But the area is starting to attract new corporate tenants.

author By STACEY STOWE, source www.nytimes.com

The credit squeeze is gradually putting tenants in the driver’s seat in Manhattan’s office market.

author By TERRY PRISTIN, source www.nytimes.com

By the time the Olympic torch arrives in Beijing in August, the city will have largely completed its transformation into a modern metropolis.

author By AMY CORTESE, source www.nytimes.com

Minoru Mori, Japan’s most prolific developer, will finish the world’s tallest building in May, and plans to build or help build 10 more huge complexes in downtown Tokyo.

author By MARTIN FACKLER, source www.nytimes.com

the Walgreen Company, the nation’s largest drugstore chain in sales, plans a three-level store with 16,200 square feet at One Times Square.

author By TERRY PRISTIN, source www.nytimes.com

Some nonresidential construction sectors, whose share of construction had risen to a 15-year high, appear increasingly hesitant to spend and overall construction spending as begun to fall.

author By FLOYD NORRIS, source www.nytimes.com

Some sport-related companies have their eyes on Ogden, Utah, a former manufacturing town that is emerging from hard times as a center of skiing and other outdoor sports.

author By MORRIS NEWMAN, source www.nytimes.com