Search

Reports that more upscale shops are setting up businesses in the Flatiron shopping district at Fifth Avenue, New York City as a result of more affluent people living and working in the area. Types of business that are setting up in the area; Benefits of the development in the Flatiron district to real estate executives.

Focuses on the conversion of unused former garages and warehouses into art galleries in hopes of luring buyers from more established gallery locations. Factors contributing to the growth of these garages; Amount of galleries which have been set up; Comments from Barbara Gladstone, a gallery owner.

Reports that the companies, SJP Properties and Prudential Real Estate Investors commenced construction of an office building in the Morris Center in Parsippany, New Jersey. Details on the construction; Comments from Steven J. Pozycki, president of SJP Properties; Discussion of office construction.

Focuses on the deregulation plan agreed to by New York State regulators and Consolidated Edison, that will cut rates across the board by 10 percent for residential and commercial companies and reorganize Con Ed into three companies. Who the rate reduction will apply to at first; Reference to the deregulation of natural gas in previous years; Comments from Gene Haran, a senior property manager at Sage; Detailed information on the deregulation plan.

Informs that the Gallatin Steel company in Ghent, Kentucky, employs well qualified people to do the blue-collar work. Statistical information; Information about the employees working in other companies; Reasons for employing highly qualified workers; Details.

Reports the mergers between Peco Energy Company and PP&L Resources Inc. and between Union Electric Company and Cipsco Inc. as on August 14, 1995. Reasons for the merger; Benefits of the merger; Related figures of the above mentioned companies with reference to their earnings.

Focuses on the potential threats by Nucor Steel mini-mills, to the American steel industry. Effect of this on the American trade balance & consumers; Note on Nucor Corporation of Charlitte, North Carolina.

Looks at a study commissioned by the Environmental Protection Agency, on likely hazards of toxic materials found in various household products. Reaction of the officials of chemical companies to the findings of the report. INSET: Dangers in the home..

Discusses the investment of the American steel industry in technology to seek alternative methods for steel production. Reasons for seeking alternative methods by big companies and mini-mills; Description of the traditional method of making steel. INSET: Making steel in traditional mills requires a number of steps ....

Focuses on a report of the state of the office market in which Newmark and Company Real Estate noted that McGraw-Hill was scheduled to move into the space in 2 Penn Plaza in New York City. What was noted by the transaction; Floors to be occupied by McGraw-Hill; Comments from James D. Kuhn, president of Newmark; Why a lot of the space in the plaza was held off the market.

Reports on the renovation of the 21 Club located in New York City. Parts of the club which will be renovated; Description of the changes that will take place; Comments from the restaurant's chief operating officer, Bryan McGuire; Significance of the renovations.

Presents information on commercial property focusing on the Staubach Company which specializes in representing tenants. Which sport did owner, Roger Staubach retire from; Comments from Staubach on the company; Information on Staubach's business career.

States that demolition has become a big business in the Times Square area in New York City as the area is being renewed. Location of some of the sites that were demolished to begin construction for different purposes; Comments from Andrew J. Bachman, a vice president at Tishman Realty and Construction Company; Impact of the demolition plans on Times Square's transportation system; Problems faced when doing demolition work in a crowded urban location; Details on the demolition plan.

Presents information on a merger in the real estate industry, where the Cali Realty Corporation of Cranford, New Jersey plans to acquire the Mack Company of Rochelle Park, New Jersey. Details on the acquisition; Background information on both companies.

Reports on the construction of the headquarters for the Conde Nast publishing company being built by Tishman Realty and Construction Company. Where is the location of the site; Planning of the construction; How much will the project cost.

Focuses on the Rockefeller Center in New York City. When Tishman Speyer Properties and Goldman Sachs assumed control of Rockefeller Center; Auction house which is a tenant in the center; What the owners are considering converting one of the 12 buildings into; Information on the center.

Presents information on the Wyndham Garden Hotel in Mount Olive, New Jersey. Occupancy rates at the hotel; Views of Dave Johnson, senior vice president for operations at the Wyndham Hotel Corporation; Description of the hotel and its location.

Focuses on the increase in demand for office space around the Grand Central Terminal in Manhattan, New York City. Statistics compiled by Cushman and Wakefield, the brokerage and management firm, to show the vacancy rate in the Grand Central area; What brokers attributed the increase in the demand to; Comments from Josh N. Kuriloff, a senior director and tenants' broker at Cushman and Wakefield.

Reports that a proposed paper recycling plant will be constructed on a former railroad yard site in the Bronx, New York City. Plans to redevelop the rail yard; What the recycling plant will specialized in; Comments from Joseph Fiteni, a principle engineer with TAMS Consultants; Information on the NYC Paper Mill, the recycling plant.

Presents information on the transformation of Hudson Square in New York City by Trinity Real Estate. Location of Hudson Square; Amount of space in commercial buildings owned by Trinity; Comments from Joseph T. Palombi, executive vice president of Trinity Real Estate; Detailed information on Hudson Square.

Reports that Tishman Speyer Properties Incorporated of Manhattan New York, and Mills Corporation agreed to a joint venture to develop supermalls in Europe, South America and Asia. Aims of the venture; Services provided by Tishman and Mills Corporation; Comments from Lawrence Siegel, the Mills chairman.

Presents information on the rising popularity of 42d Street, New York city, as an area for real estate development. Factors which will influence this development; Caution by brokers for upgrading of area before development; Comments from Richard Baxter, senior managing director of Insignia/ESG.

Presents information on the remodeling of the building which houses B. Altman store in New York city, to house the graduate school of the City University of New York (CUNY). When the entire project is scheduled to be finished; Institutions which are already installed; Description of what is expected of the completed project; How the CUNY graduate program operates.

Examines how consolidations and mergers have affected the commercial real estate industry. Impact of consolidation on real estate brokers; Reference to the proposed $130 million acquisition between CB Commercial Real Estate Services Group and Koll Real Estate Services; Factors which influenced the growth of national real estate service firms in New York City.

Focuses on Sydney, Australian-based Lend Lease Corporation's acquisition of Equitable Real Estate Management and its $25 billion portfolio in April 1997. Comments from David Higgins, the chief executive of Lend Lease; Relocation of Lend Lease's international real estate investment headquarters; How Land Lease benefited from the acquisition.

Examines the commercial real estate market in New York City for May 1997. Statistics on occupancy rates; Increase in renovations to properties and hotels; Examination of the floor plan of the Stellar Management Company's plan to convert the tower of MacMillan Building into a Marriott Hotel.

Presents information on commercial property in New York City, focusing on a decline in the supply of office space. Impact of an announcement by the Standard & Poors Corporation and the Chubb Insurance Company to commit to long-term leases; Details on the decline in vacancy rates in the city.

Highlights the computer technology on display at Compass Management and Leasing's Equipment Tower in New York City. Benefits of Equipment Tower technology; Operation of the technology; Effect of computer technology to managing real property; Comments from key individuals.

Presents news relating to business in New York City for April 23, 1997. Reduction in earnings for Reader's Digest Association's fiscal third quarter; Merger of LaSalle Partners and The Galbreath Company; Hotel occupancy.

Reports on the relocation of the New York Mercantile Exchange into a $228 million building in Battery Park City, New York City during May 1997. Design and construction of the building; Details on the relocation of the operation.

Presents information on commercial real estate in New York. Number of New York hotels undergoing renovations; Demand for hotel rooms in New York; How the demand has encourage owners to raise occupancy rates, to generate income to pay for renovations; Reference to the Algonquin Hotel, which is about to undergo a $4 million refurbishing.

Presents information on the Dr. Jay's sports apparel store in New York city, highlighting its use of vertical retailing. Address of the store; Benefits of vertical retailing; Other stores which utilize this method of retailing; Factors driving the trend; Factors which have encouraged the growth of multi-level retailing.

Presents information on Metropolitan Life Insurance Company, focusing on spaces leased in the company's building located at Madison Avenue, New York City. WHat officials at the company did after landing CD First Boston as the anchor tenant; Comments from Dominick A. Prezzano, the company's senior vice president for property management; Information on the building; Renovation of the building in 1994.

Reports that industry executives involved in commerical real estate and related services in New York are predicting that the business will be divided into national, publicly traded companies and boutiques. Merger between Insignia Financial Group and the Edward S. Gordon Company; Questions raised concerning real estate service company, Cushman & Wakefield; Reason corporations are forced to rely on outside companies for consulting services.

Looks at the planned use of photoelectric panels in a building under construction in Times Square, New York City. Benefits of the equipment; Planned installation of fuel cells in the building; How the equipment will be installed; Comments from Ashok Gupta, a senior energy economist with Natural Resources Defense Council; Interest of various tenants in leasing space in the building.

Focuses on commercial real estate in New York City. Progression of the Harlem U.S.A. entertainment-retail complex; Names of businesses that will move into the building; Percentage of the building that must be committed before construction finance can be obtained; Reason for the slow leasing of space.

Reports that as a result of a lack of suitable existing space in New York City a number of companies are searching for buildings whose construction has been on hold for years. Details on prospective deals by companies; Sites that may be suitable; Names of companies involved in the search.

Reports on the purchase of Frain Camins & Swartchild by Insignia Financial Group. Other acquisitions by Insignia; Criticism of Insignia's strategy of expansion; Details on acquisition of Koll Real Estate Services by CB Commercial Real Estate Group.

Discusses the shift of power in the real estate market in New York City from tenants to landlords. Reasons for the shift; Comments from James S. Meiskin, president of Plymouth Partners; Scarcity of building space; Availability of various options by landlords.

Reports that on March 3, 1997, South Carolina-based Insignia Financial Group announced its acquisition of Rostenberg-Doern of Westchester, New York. Insight into the transaction; Background information on the two companies.

Reports on Millennium Partners' introduction of the Phillips Club, a cross between apartments and a hotel that opened in New York City in December, 1996. Key to managing the property; Remarks by Christopher Jeffries of Millennium; Demand for hotel rooms; Monthly rentals for the club's apartments; Description of the apartments.

Reports on the success of Insignia Financial Group, after being purchased by Andrew L. Farkas. Farkas' duties within the company; Increase in Insignia's revenue under Farkas' leadership; Attempts by Insignia to create additional value by operating real estate better than previous managers; Residential units managed by the company; Statements from Farkas.

Discusses the increase of female executives in the construction industry in the United States. Reason for this increase; Problems encountered by some women executives; Examples of some women who own their construction firms; Comments from these women.

Focuses on Tishman Speyer Properties and Travelers Insurance Company's announcement of a joint venture to acquire commercial and mixed-used property. Initial capitalization of the venture; Comments from Sanford I. Weill, the chairman of the Travelers Group; Detailed information on the joint venture.

Presents information on a merger between Robert Martin Company of Westchester, Connecticut and Cali Realty Corporation, which will mark the demise of another family-owned real estate company attracted by the access to capital and tax treatment a real estate investment trust (REIT) provides. Effect the transaction had on Cali's stock; Cali's agreement to buy 65 properties and management of Rober Martin; Amount of money paid for the properties; Details of the acquisition.

Discusses the impact which the changing real estate industry in the United States is having on real estate networks. Information on real estate networks; Amount of consolidation in the real estate industry; Comments from James D. Kuhn, president of Newmark & Company Real Estate; Reduction in the size of internal real estate operations of most companies; What networks need to do to become more viable; Different forms which the real estate industry will evolve into to.

Focuses on the 1950's-era factory building on Andrews Road in Hicksville, Long Island, owned by Reckson Associates Realty Company of Melville. Comments from William L. Mascharka, president of Frazier Industrial Company in Long Valley, New Jersey; Detailed information on the factory building.

Reports that in New York, property managers admit that they are in a quandary as the state prepares to deregulate electrical utilities. What others are worried about; Eligible consumers to choose who they want to generate their electrical power; How Consolidated Edison has asked the state to phase in deregulation.

Presents information on the restoration of New York's Masonic meeting spaces and adjoining facilities. Location and features of the Masonic building; History of the building; Tenants' average rental fee; Restoration details; Remarks by Gerd E. Walter, who manages the building; Positive effect of restoration of the Masonic spaces; What most of the restoration effort focused on.

Presents information on the reorganization of Olympia and York's United States operations, now known as World Financial Properties. Details on the business operations of World Financial Properties; Control of the company by Brookfield Properties Corporation of Toronto; Comments from Gordon E. Arnell, the chairman of Brookfield.