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Park Avenue vacancy rate lower than before pandemic after recent large deals
It’s no secret that some Midtown office corridors are doing better than others. Even so, a new Savills survey contains a remarkable finding:. Park Avenue’s current availability rate of 8.9% not only compares favorably to Midtown’s overall 17.6%, but with Park Avenue vacancies in the prehistoric, pre-pandemic fourth quarter of 2019 — when it was 11%.
These North Jersey towns are booming with development in 2024
In recent years, an abundance of new development and construction has brought vitality and commerce to several North Jersey towns. With the addition of luxury residential buildings, an uptick in commercial spaces, repurposing historic buildings, creating entertainment destinations and even giving transportation stations and public parks a face-lift, these towns have revitalized their local communities.
Cops nab Bronx motorist one year after fatal hit-and-run claimed life of hard working immigrant
A Bronx motorist will finally face justice a year after leaving 64-year-old e-bicyclist Hua Pan to die on the street as his family — who happened upon the scene – looked on in horror, cops said. Police cuffed Emilio Berrios, 32, Friday on charges of criminally negligent homicide,...
NYPD’s references to ‘outside agitators’ at student protests spark criticism
The New York Police Department has been criticized for its messaging related to student protests gripping college campuses across the nation as top brass share politically biased posts online.
NY state bill would limit massive rent hike at Billionaire’s Row Co-Op
A bill proposed by state lawmakers seeks to prevent skyrocketing rental costs for 25,000 co-op apartment dwellers in buildings with ground leases — including some in Manhattan’s wealthiest neighborhoods. Most co-ops own the building and the land underneath it. But there are about 100 co-op buildings throughout the city that have ground leases because someone else owns the land underneath the property — including the 324-unit Carnegie House on “Billionaire’s Row” — at 100 West 57th Street. When the building’s lease is set to expire, an appraiser evaluates the land’s value, which is then used to negotiate a rent increase between the landowner and...
Pedestrian Critically Injured in Hit-and-Run
A man was hit by a car and critically injured early Sunday morning on West Hills Road, Suffolk County police said. Amilar Velasquez was walking on the northbound shoulder in front of 32 West Hills Road when he was struck by a vehicle that fled Read More ...
Long Island 18-year-old birthday party ends in gunfire; 6 injured
A party meant to celebrate a teenager's 18th birthday party ended in gunfire and landed six people in the hospital on Long Island. Police in Nassau County said the shooting started before 11 p.m. Friday at a house on Eastfield and Pepperidge roads in Westbury. "The parents were there, it...
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