Articles About New York City

Which American city is at the greatest financial risk from a hurricane?  If you think it’s New Orleans or Miami, you’re wrong.  According to CoreLogic, a data analysis firm, it’s New York City that is at the greatest risk, both from the number of properties impacted and the dollar value of the damage.  The area […]

Green roofs are springing up in the concrete jungle of New York City – plants growing on waterproof membranes on top of buildings – in all five boroughs.  Considering the potential to reduce greenhouse gases, increase energy efficiency and capture storm-water runoff, this movement is understandable.  “Most of this work is small in scale so […]

David Owen, a staff writer with The New Yorker, has expanded on his 2004 article entitled “Green Manhattan” that roughs up some of the environmental movement’s most closely held beliefs in a new book entitled Green Metropolis.  A review by Catherine Tumber, originally published in The Wilson Quarterly, notes that “Eco-friendly suburbanites and small-town residents […]

Foreign governments are a growth engine for New York City commercial and residential real estate at a time when many cash-strapped European nations are facing financial crises.  For example, Sri Lanka’s Permanent Mission to the United Nations has $8 million to spend and is looking at Manhattan office space.  Laos recently paid $4.2 million in […]

Paul Krugman – winner of the Nobel Prize in Economics, Princeton University professor and New York Times columnist – is taking advantage of falling home prices in a difficult market.  Krugman and his wife, economist Robin Wells, recently paid $1.7 million for a three-bedroom co-op apartment in a pre-war building on Manhattan’s upscale Riverside Drive.  […]

You know what they say about polls.  Still, a recent one is an interesting temperature reading for the new economy.   Overseas investors in United States real estate prefer retail versus office or industrial space right now, according to an issue of Commercial Property News. This is just one conclusion in a survey that examined […]