2015 Commercial Market Report
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PHASE IA ARCHAEOLOGICAL SURVEY REPORT Laguardia Airport Central Terminal Building Redevelopment
PHASE IA ARCHAEOLOGICAL SURVEY REPORT LaGuardia Airport Central Terminal Building Redevelopment Queens Borough New York City Prepared for Port Authority of New York & New Jersey Port Authority of NY & NJ 225 Park Avenue South New York, NY 10003 Prepared by Frank G. Mikolic, Principal Investigator John W. Lawrence, Principal Investigator Brian M. Albright, GIS Specialist/Field Director AECOM 516 East State St. Trenton, New Jersey 08609 June 2013 PHASE IA ARCHAEOLOGICAL SURVEY REPORT LaGuardia Airport Central Terminal Building Redevelopment Queens Borough New York City Prepared for Port Authority of New York & New Jersey 225 Park Avenue South New York, NY 10003 Prepared by Frank G. Mikolic, Principal Investigator John W. Lawrence, Principal Investigator Brian M. Albright, GIS Specialist/Field Director AECOM 516 East State Street Trenton, NJ 08609 June 2013 Management Summary SHPO PROJECT REVIEW NUMBER: 12PR05127 INVOLVED STATE AND FEDERAL AGENCIES: FAA Port Authority of New York and New Jersey PHASE OF SURVEY: IA, Literature Search and Sensitivity Assessment LOCATION INFORMATION: Location: New York City Minor Civil Division: Queens Borough County: Queens County SURVEY AREA: Length: 1.2 mi (2 km) Width: width varies depending on location Number of Acres Surveyed: 159 ac (64 ha) USGS 7.5 MINUTE QUADRANGLE MAP: Central Park, Flushing SENSITIVITY ASSESSMENT: Prehistoric (high, medium, low): Sensitivity Area 1 (Moderate to High), 2 (High), 3 (Low) and 4 (Moderate). Historic (high, medium, low): Sensitivity Area 1 (Moderate to High), 2 (Low), -
Q1 2016 New York Office Outlook
Office Outlook New York | Q1 2016 Vacancy moves higher as large blocks are added to the market • The Manhattan office market showed signs of caution in the first quarter of 2016 as vacancy moved higher and renewal activity increased. • While there have been concerns about slower expansion in the tech sector—as a result of a potential pullback in venture capital—the TAMI sector remained strong in Midtown South. • Investment sales activity slowed in the first quarter of the year after a strong 2015 with 120 sales totaling $12.3 billion, down nearly 20 percent year-over-year. JLL • Office Outlook • New York • Q1 2016 2 New York overview The Manhattan office market showed signs of caution in the first comprised the majority of leasing activity. McGraw Hill Financial Inc. quarter of 2016 as vacancy moved higher and renewal activity—rather renewed at 55 Water Street in Lower Manhattan for 900,027 square feet than relocations and expansions—captured the bulk of top in the largest lease of the quarter. Salesforce.com subleased 202,678 transactions. Manhattan Class A vacancy rose as several large blocks square feet at 1095 Avenue of the Americas in a transaction that were returned to the market. The vacancy rate for Midtown Class A included a provision to replace MetLife’s name atop the building with its space increased to 11.6 percent, up from 10.4 percent at year-end own, in full view of highly-trafficked Bryant Park. In Midtown South, 2015. Average asking rents were also higher as a result of newer and Facebook continued its massive expansion in a 200,668-square-foot higher quality product becoming available. -
Emergency Response Incidents
Emergency Response Incidents Incident Type Location Borough Utility-Water Main 136-17 72 Avenue Queens Structural-Sidewalk Collapse 927 Broadway Manhattan Utility-Other Manhattan Administration-Other Seagirt Blvd & Beach 9 Street Queens Law Enforcement-Other Brooklyn Utility-Water Main 2-17 54 Avenue Queens Fire-2nd Alarm 238 East 24 Street Manhattan Utility-Water Main 7th Avenue & West 27 Street Manhattan Fire-10-76 (Commercial High Rise Fire) 130 East 57 Street Manhattan Structural-Crane Brooklyn Fire-2nd Alarm 24 Charles Street Manhattan Fire-3rd Alarm 581 3 ave new york Structural-Collapse 55 Thompson St Manhattan Utility-Other Hylan Blvd & Arbutus Avenue Staten Island Fire-2nd Alarm 53-09 Beach Channel Drive Far Rockaway Fire-1st Alarm 151 West 100 Street Manhattan Fire-2nd Alarm 1747 West 6 Street Brooklyn Structural-Crane Brooklyn Structural-Crane 225 Park Avenue South Manhattan Utility-Gas Low Pressure Noble Avenue & Watson Avenue Bronx Page 1 of 478 09/30/2021 Emergency Response Incidents Creation Date Closed Date Latitude Longitude 01/16/2017 01:13:38 PM 40.71400364095638 -73.82998933154158 10/29/2016 12:13:31 PM 40.71442154062271 -74.00607638041981 11/22/2016 08:53:17 AM 11/14/2016 03:53:54 PM 40.71400364095638 -73.82998933154158 10/29/2016 05:35:28 PM 12/02/2016 04:40:13 PM 40.71400364095638 -73.82998933154158 11/25/2016 04:06:09 AM 40.71442154062271 -74.00607638041981 12/03/2016 04:17:30 AM 40.71442154062271 -74.00607638041981 11/26/2016 05:45:43 AM 11/18/2016 01:12:51 PM 12/14/2016 10:26:17 PM 40.71442154062271 -74.00607638041981 -
The Bloom Is on the Roses
20100426-NEWS--0001-NAT-CCI-CN_-- 4/23/2010 7:53 PM Page 1 INSIDE IT’S HAMMERED TOP STORIES TIME Journal v. Times: Story NY’s last great Page 3 Editorial newspaper war ® Page 10 PAGE 2 With prices down and confidence up, VOL. XXVI, NO. 17 WWW.CRAINSNEWYORK.COM APRIL 26-MAY 2, 2010 PRICE: $3.00 condo buyers pull out their wallets PAGE 2 The bloom is on the Roses Not bad for an 82-year-old, Adam Rose painted a picture of a Fabled real estate family getting tapped third-generation-led firm that is company that has come a surpris- for toughest property-management jobs known primarily as a residential de- ingly long way from its roots as a veloper. builder and owner of upscale apart- 1,230-unit project.That move came In a brutal real estate market, ment houses. BY AMANDA FUNG just weeks after Rose was brought in some of New York’s fabled real es- Today, Rose Associates derives as a consultant—and likely future tate families are surviving and some the bulk of its revenues from a broad just a month after Harlem’s River- manager—for another distressed are floundering, but few are blos- menu of offerings. It provides con- A tale of 2 eateries: ton Houses apartment complex was residential property, the vast soming like the Roses.In one of the sulting for other developers—in- taken over, owners officially tapped Stuyvesant Town/Peter Cooper Vil- few interviews they’ve granted,first cluding overseeing distressed prop- similar starts, very Rose Associates to manage the lage complex in lower Manhattan. -
Manhattan Office Market
Manhattan Offi ce Market 1 ST QUARTER 2016 REPORT A NEWS RECAP AND MARKET SNAPSHOT Pictured: 915 Broadway Looking Ahead Finance Department’s Tentative Assessment Roll Takes High Retail Rents into Account Consumers are not the only ones attracted by the luxury offerings along the city’s prime 5th Avenue retail corridor between 48th and 59th Streets where activity has raised retail rents. The city’s Department of Finance is getting in on the action, prompting the agency to increase tax assessments on some of the high-profi le properties. A tentative tax roll released last month for the 2016-2017 tax year brings the total market value of New York City’s real estate to over $1 trillion — reportedly for the fi rst time. The overall taxable assessed values for the city would increase 8.10%. Brooklyn’s assessed values accounted for the sharpest rise of 9.83% from FY 2015/2016, followed by Manhattan’s 8.47% increase. Although some properties along the 5th Avenue corridor had a reduction in valuations the properties were primarily offi ce, not retail according to a reported analysis of the tentative tax roll details. Building owners have the opportunity to appeal the increase; but an unexpected rise in market value — and hence real estate taxes, will negatively impact the building’s bottom line and value. Typically tenants incur the burden of most of the tax increases from the time the lease is signed, and the landlord pays the taxes that existed before the signing; but in some cases the tenant increase in capped, leaving the burden of the additional expense on the landlord. -
The Port Authority of Ny & Nj
Job 55813 PAUTH THE PORT AUTHORITY OF NY & NJ Newark 4 col NOTICE OF AVAILABILITY FOR PUBLIC REVIEW OF THE TIER 1 DRAFT 5.7” x 11” ENVIRONMENTAL IMPACT STATEMENT FOR THE CROSS HARBOR FREIGHT PROGRAM 11.13.14 p 1 The Federal Highway Administration (FHWA) and the Port Authority of New York and New Jersey (PANYNJ) have prepared a Tier I Draft Environmental Impact Statement (DEIS) to evaluate alternatives to improve the movement of goods in the region by enhancing the transportation of freight across New York Harbor. The Cross Harbor Freight Program (CHFP) would provide near-term and long-term improvements to the regional freight network by reducing truck traffic congestion, improving air quality, and providing economic benefits. The DEIS was prepared in compliance with applicable federal environmental laws, rules, and regulations, including Section 106 of the National Historic Preservation Act (NHPA) of 1966, Section 4(f) of the U.S. Department of Transportation Act (1966), and Executive Order 12898, “Federal Actions to Address Environmental Justice in Minority Populations and Low-Income Populations,” among others, and identifies permits or approvals that may be required for the implementation of the Build Alternatives identified therein. AVAILABILITY The DEIS is now available on the project’s website at www.crossharborstudy.com. Printed or electronic copies are also available at the following viewing locations during normal business hours: MANHATTAN (NEW YORK, NY) Queens Public Library - Central Library Manhattan Borough President Gale -
Manhattan Monthly Market Update
Monthly Market Update December 2015 New York City Office Outlook | September 2016 MANHATTAN MANHATTAN Class A Asking Rents Class A Vacancy Rates Aug-14 Aug-15 Aug-16 Aug-14 Aug-15 Aug-16 $100.00 20.0% $80.00 15.0% $60.00 10.0% $40.00 5.0% $20.00 $0.00 0.0% Manhattan Midtown Midtown South Downtown Manhattan Midtown Midtown South Downtown Overall Overall BROOKLYN & MIDTOWN MIDTOWN SOUTH DOWNTOWN LONG ISLAND CITY • WeWork increased its • Midtown South leasing • Downtown leasing activity • Kushner Companies, CIM New York foothold in the activity was light in August, was driven by three FIRE Group and LIVWRK recently second-largest lease of the continuing a trend of sector leases at 4 World closed on the purchase of month in Midtown. fewer large-block leases Trade Center. the Watchtower building in year-to-date. DUMBO for $340 million • New construction in • The leases bring 4 World from Jehovah’s Witnesses. Hudson Yards continues to • Pricing in Midtown South Trade Center to an attract tenants from the remains at the top of the occupancy rate of 78 • Rubenstein Partners and Plaza District. market. percent, up from roughly Heritage Equity Partners 69 percent at the end of obtained a $197 million July. construction loan for a 500,000-square-foot development at 25 Kent Avenue in Williamsburg. September 2016 JLL | LEASING MARKET WRAP - UP MIDTOWN WeWork increased its New York foothold in the second-largest submarket increased to 11.8 percent in August from 11.3 percent lease of the month in Midtown. The shared office space provider in July with the addition of the returned space. -
2013 Port Authority Annual Report
2013 ANNUAL REPORT Comprehensive Annual Financial Report for the Year Ended December 31, 2013 FOCUS FORWarD ABU O T THE PORT AUTHORITY The Port Authority of New York and New Jersey builds, operates, and maintains many of the most important transportation and infrastructure assets in the country. The agency’s network of aviation, rail, surface transportation, and seaport facilities moves hundreds of millions of people and goods throughout the region annually and supports more than 550,000 regional jobs, more than $23 billion in annual wages, and $80 billion in annual economic activity. 2 THE PORT AUTHORITY OF NY & NJ TB A LE OF CONTENTS IT N RODUCTORY SECTION 2 Select Facilities 3 Letter of Transmittal to the Governors 5 The Port District 6 Board of Commissioners 7 Leadership of the Port Authority and Governance Initiatives 8 Officers and Executive Management 9 Letter from the Executive Director 13 Focus Forward 44 Letter of Transmittal to the Board of Commissioners FINANCIAL SECTION 49 Independent Auditors’ Report 53 Management’s Discussion and Analysis (Unaudited) Basic Financial Statements 65 Consolidated Statements of Net Position 66 Consolidated Statements of Revenues, Expenses, and Changes in Net Position 67 Consolidated Statements of Cash Flows 69 Notes to Consolidated Financial Statements 106 Required Supplementary Information (Unaudited) Financial Statements Pursuant to Port Authority Bond Resolutions 107 Schedule A – Revenues and Reserves 108 Schedule B – Assets and Liabilities 109 Schedule C – Analysis of Reserve Funds STATISTICAL -
Manhattan Office Market
Manhattan Off ce Market 3 RD QUARTER 2016 REPORT A NEWS RECAP AND MARKET SNAPSHOT Pictured: 200 Park Avenue South Looking Ahead Tax Plan Proposal Could Potentially Help Leveraged RE Firms An emerging tax plan proposed by Republican candidate Donald Trump could reportedly benef t debt-laden real estate companies by coupling 2-policies — letting businesses deduct interest and allowing expensing, or immediate write-offs, for investments in equipment and buildings. The proposal would “provide negative tax rates for investments f nanced with debt, creating incentives for companies to pursue projects that wouldn’t make sense economically without the tax benef ts.” Currently tax law requires businesses to spread the deductions over multiple years, but under Trump’s proposed plan “a business would be able to generate signif cant losses in the f rst year of an investment and then generate ongoing interest deductions. Those losses could be carried forward and used to offset future income.” It is reportedly the intended goal of the tax plan, which is still a work-in-progress, to “tie expensing to job creation and new investment and not, for example, purchases of existing leveraged real estate portfolios,” according to reported comments by a Trump advisor. Interest Deductions: The pairing of an end to interest deductions and expensing is typically done to prevent giving an extra subsidy according to some sources, however it is anticipated that the taking away of interest deductibility would make it hard for businesses to capitalize; and with that in mind Trump had proposed an unspecif ed “reasonable cap” in an earlier proposed tax plan. -
Emergency Response Incidents
Emergency Response Incidents Incident Type Location Borough Utility-Water Main 136-17 72 Avenue Queens Structural-Sidewalk Collapse 927 Broadway Manhattan Utility-Other Manhattan Administration-Other Seagirt Blvd & Beach 9 Street Queens Law Enforcement-Other Brooklyn Utility-Water Main 2-17 54 Avenue Queens Fire-2nd Alarm 238 East 24 Street Manhattan Utility-Water Main 7th Avenue & West 27 Street Manhattan Fire-10-76 (Commercial High Rise Fire) 130 East 57 Street Manhattan Structural-Crane Brooklyn Fire-2nd Alarm 24 Charles Street Manhattan Fire-3rd Alarm 581 3 ave new york Structural-Collapse 55 Thompson St Manhattan Utility-Other Hylan Blvd & Arbutus Avenue Staten Island Fire-2nd Alarm 53-09 Beach Channel Drive Far Rockaway Fire-1st Alarm 151 West 100 Street Manhattan Fire-2nd Alarm 1747 West 6 Street Brooklyn Structural-Crane Brooklyn Structural-Crane 225 Park Avenue South Manhattan Utility-Gas Low Pressure Noble Avenue & Watson Avenue Bronx Page 1 of 478 09/28/2021 Emergency Response Incidents Creation Date Closed Date Latitude Longitude 01/16/2017 01:13:38 PM 40.71400364095638 -73.82998933154158 10/29/2016 12:13:31 PM 40.71442154062271 -74.00607638041981 11/22/2016 08:53:17 AM 11/14/2016 03:53:54 PM 40.71400364095638 -73.82998933154158 10/29/2016 05:35:28 PM 12/02/2016 04:40:13 PM 40.71400364095638 -73.82998933154158 11/25/2016 04:06:09 AM 40.71442154062271 -74.00607638041981 12/03/2016 04:17:30 AM 40.71442154062271 -74.00607638041981 11/26/2016 05:45:43 AM 11/18/2016 01:12:51 PM 12/14/2016 10:26:17 PM 40.71442154062271 -74.00607638041981 -
Conference on Inflation (1974) - Summary (1)” of the Ron Nessen Papers at the Gerald R
The original documents are located in Box 4, folder “Conference on Inflation (1974) - Summary (1)” of the Ron Nessen Papers at the Gerald R. Ford Presidential Library. Copyright Notice The copyright law of the United States (Title 17, United States Code) governs the making of photocopies or other reproductions of copyrighted material. Ron Nessen donated to the United States of America his copyrights in all of his unpublished writings in National Archives collections. Works prepared by U.S. Government employees as part of their official duties are in the public domain. The copyrights to materials written by other individuals or organizations are presumed to remain with them. If you think any of the information displayed in the PDF is subject to a valid copyright claim, please contact the Gerald R. Ford Presidential Library. Digitized from Box 4 of the Ron Nessen Papers at the Gerald R. Ford Presidential Library THE WHITE HOUSE WASHINGTON Agenda for The Conference on Inflation Friday, September 27, 1974 9:00 Meeting opened by Conference Executive Director L. William Seidman. Seated at Conference table are Senator Mansfield, House Speaker Albert, Presidential economic advisers, members of the Congressional Steering Committee, Mr. Arthur Burns, and the panel from the sector meeting on Banking and Finance. 9:05 The President enters; greets delegates and guests, introduces the Chaplain of the House, Dr. Latch. 9:07 Invocation 9:09 The President: opening remarks 9:19 Congressional leaders: opening remarks 9:35 BANKING AND FINANCE panel, chaired by Secretary Simon. (EACH PANEL will be dealt with in 45 minutes, divided into brief presentations by Congressional and private-sector delegates; discussion with the President and the Steering Committee; and comments and questions from delegates in the audience. -
Manhattan Office Market
Manhattan Offi ce Market 3 RD QUARTER 2019 REPORT A NEWS RECAP AND MARKET SNAPSHOT Pictured: 380 Second Avenue Looking Ahead New Letter-Grade Energy Ratings Requirement for NYC Buildings The bill proposed in 2017 as part of a “package of quality-of-life” measure was reportedly enacted by Mayor de Blasio on January 8, 2018. Local Law 33 is the latest initiative to reduce greenhouse emissions and increase the energy effi ciency of large and mid-sized New York City buildings. Beginning January 2020, city-owned buildings larger than 10,000 square feet and all other commercial and residential buildings over 25,000 square feet will be required to display energy effi ciency grades near a public entrance, reportedly expanding upon Local 84 of 2009, which requires the submission of annual energy and water consumption benchmark data. Ranging from “A” to “F,” the letter grades will be based on the United States Department of Energy’s Energy Star score. Rating Required Score Rating Required Score “A” 85 or higher “C” 55 or higher “B” 70 or higher “D” Less than 55 “F” if information not submitted by owner to the city “N” if not feasible to obtain a score, however the city plans to audit the information submitted for the ranking Response to the new law has been mixed, with some suggesting last year that the “system may need to provide exemptions for those buildings with historical designations that may be prohibited from completing certain upgrades.” Proponents of the bill believe it will help push the city’s building owners to reduce energy usage and carbon emissions as intended.