New York - Manhattan’s Plaza district, the area near Central Park that commands the nation’s highest office rents, has a glut of space as financial firms cut back and tenants seek trendier neighborhoods south of Midtown. The availability rate for offices in the Plaza submarket reached 12.3 percent last month, a two-year high, as space leased to Citigroup Inc. (C) and General Motors Co. (GM) went on the market (Snip) “The Plaza’s weakness is symptomatic of a larger problem,” said Michael Knott, a real estate investment trust analyst with Green Street Advisors Inc. in Newport Beach, California.
Comments: Oh all those signs of recovery. The dark office windows mean that don't they? How about buildings in other cities where the windows are soaped over or covered with newspapers? Making the US look like old East Germany is 0bama's dream and our nightmare.
(paraphrase) All that is required for evil to win is for good men to do nothing. There's a whole lot of good citizens still thinking they can successfully play by non-applicable rules while evil cheats. That way they can feel good about themselves even though they lose. The constitution and our laws are not a suicide pact.
I'm a commercial real estate broker in NYC, doing retail leasing these days, but I used to do office leasing. Based on my knowledge and experience, one suggestion I would make is that the landlords in that area lower their rents.
This is the electronic age in which an office can, really, be anywhere. Equally nice - and much cheaper - rents are just a short subway ride away.
Back around 1975, when New York City had spent itself into bankruptcy, it imposed a stock transfer tax on the stock exchanges. The stock exchanges told NYC to cancel the tax, or they would move out, to another state. And that was early on in the computer revolution. Now, there is no rational reason for stock brokers buying and selling on the floor of the exchangs. All of the trading could be done on line. And I suspect the same could be said about the 'banking' district.
I drive by a small 2 story office building on the way back from work that now stands empty. I would stop at the corner waiting to make my turn. I used to see people thru the windows working away. Now all gone.
We at Townhall have been covering this hotly contested Senate race for months and the results are finally in: With 36 percent of precincts reporting, Elizabeth Warren has been declared the next junior Senator from Massachusetts. Warren has never held public office before and the eye-popping $40 million she raised this election cycle evidently proved more than enough to unseat incumbent Senator Scott Brown. This was the most expensive Senate race of 2012 -- by a long shot.
Former Gov. Angus King, running as an independent, won the Senate contest Tuesday in Maine, NBC News projected, taking a seat that had been held by the Republicans. The loss further complicated the party's drive to take control of the Senate (Snip) Republican Ted Cruz defeated Democrat Paul Sadler to hold the open seat in Texas, succeeding retiring Republican Kay Bailey Hutchison, NBC News projected. See results Democrats held small edges in two of the other states critical to the balance of power in the Senate: In Massachusetts, where Elizabeth Warren, a law professor at Harvard University, was leading Republican
CNN’s Peter Hamby reported that Mitt Romney‘s internal polling showed President Obama leading in Ohio by five percentage points.Per Hamby’s post: The number represented a sharp final bump for Obama in Ohio, a race that had essentially been a tied race through much of the previous week, according to the campaign’s daily tracking. The polling, which also showed a tight race in Pennsylvania, explains why Romney officials decided to send their candidate on last-minute Election Day visits to Cleveland and Pittsburgh.
The Obama and Romney campaigns may be gearing up for a very late night, with one Obama campaign adviser predicting that in Florida alone, "they'll be counting until 2 a.m." The Obama adviser said signs suggest the race is quite tight, though the campaign claimed to be "holding strong" in key battlegrounds like Ohio, Pennsylvania and Wisconsin. The adviser also said turnout among black voters in Virginia was better than expected, suggesting that could be a problem for Mitt Romney. Republican operatives in Virginia, though, predicted a razor-thin victory for their candidate in the state.
Washington - Early returns on Tuesday in what is anticipated to be a dead even presidential election contained no surprises, as CNN projected President Barack Obama will win his home state of Illinois and eight other races while Republican challenger Mitt Romney will win nine states. All races called so far went as expected after the roller-coaster ride of an election campaign that was buffeted by a superstorm and missteps on both sides. Obama and Romney ran dead even in final polls that hinted at a result rivaling some of the closest presidential elections in history, reflecting the deep political
A week after Hurricane Sandy slammed into the East Coast, a majority of voters said President Barack Obama’s response to the crisis wasn’t a factor in their vote, according to early exit polls. Fifty-five percent of those surveyed, per CBS News’ early exit polling released by radio station WKZO in Kalamazoo, Mich., said Obama’s handling of the storm was a minor factor in their vote or wasn’t a factor at all. Twenty-six percent named Sandy as an “important” factor, and 15 percent said it was the “most important” factor in their decision.
Mitt Romney is leading among independents in both Ohio and Virginia, early exit polls show. In Ohio, the former Massachusetts governor takes 56 percent of self-identified independents, compared with 40 percent for President Barack Obama. That’s a huge decrease for Obama from 2008, when the exit polls found him winning independents in Ohio by 12 points, 52 percent to 44 percent for John McCain. The numbers are similar but slightly tighter in Virginia: Romney takes 53 percent of independents there, according to ABC News exit polls, a 12-point lead over Obama. In 2008, Obama won independents in the state by
Mitt Romney and President Obama each racked up early and expected victories Tuesday night in relatively safe territory, while some of the biggest battlegrounds that will decide the election remained too close to call. All the big swing states where polls have closed -- Florida, New Hampshire, Pennsylvania, Ohio, Virginia and North Carolina -- were too close to call, Fox News projects. (Snip) Obama will also win three of Maine's four electoral votes, Fox News projects. It is unclear where the state's fourth electoral vote will fall. The latest batch of poll closings, and results, has allowed Obama to take
Mitt Romney was projected the winner in South Carolina on Tuesday night, taking home the state’s nine electoral votes. So far Tuesday the former Massachusetts governor has taken other reliably red states including Kentucky and West Virginia. Romney leads in the Electoral College with 24 electoral votes to President Obama’s three.
As expected, the presidential race is tight in Ohio, where the polls just closed: President Obama is winning women 55 percent to 44 percent in the early CBS News exit poll, while Mitt Romney is leading 52 percent to 46 percent among men. Women made up 51 percent of the electorate, compared to 49 percent among women. Thirty-nine percent of voters so far identified themselves as Democrats, compared to 30 percent calling themselves Republican. Thirty-one percent identified as independent or something else, and Romney has a big edge among this group - 56 percent to 40 percent for Mr. Obama.
As expected, Republican candidate for President, Mitt Romney, won West Virginia’s five electoral votes in Tuesday’s General Election over President Barack Obama. National media outlets called the race in West Virginia shortly after polls closed at 7:30 p.m. President Obama’s fate in West Virginia has never been in question, as he garnered just 60 percent of the democratic vote in the May primary. The other 40 percent of that vote went to Texas federal inmate Keith Judd, who was placed on the ballot in West Virginia. President Obama has been hugely unpopular in the Mountain State since he first ran
Early exit polls show Election Day voters are slightly more Republican than in 2008 and broadly concerned about the state of the U.S. economy. Six in 10 voters said the economy is their top issue according to the poll, which was released by The Associated Press and conducted on behalf of a consortium of media companies. Less than a quarter of voters said their families were better off than four years ago — a point seized on by many Republicans as the results leaked out.
Sen. John McCain’s daughter says that her father is “depressed” and “frustrated” with the impact the “hyper-conservative wing of the party” is having on national politics, including on the recent government shutdown. “We’re both frustrated with the idea that only the hyper-conservative wing of the party is going to represent the masses,” Meghan McCain said in a joint interview with ABC and Yahoo News. Ms. McCain, who has her own reality show “Raising McCain,” said the last time she can remember her father was so depressed about the state of politics was after his failed 2008 presidential bid. “He is
First Lady Michelle Obama’s Princeton classmate is a top executive at the company that earned the no-bid contract to build the failed Obamacare website. Toni Townes-Whitley, Princeton class of ’85, is senior vice president at CGI Federal, which earned the no-bid contract to build the $678 million Obamacare enrollment website at Healthcare.gov. CGI Federal is the U.S. arm of a Canadian company. Townes-Whitley and her Princeton classmate Michelle Obama are both members of the Association of Black Princeton Alumni.
New York voters, in all their wisdom, are on the verge of electing a Left-wing extremist named Bill de Blasio. Recent polls by the firm Penn Schoen Berland show that de Blasio maintains a commanding lead, which he’s enjoyed for quite some time. What a shame. New York City is one of the most important economies in the United States, and it will certainly suffer under this man’s vague and childish populism.[Snip] Earlier this year, we learned that in his youth (described by the New York Times, of course, as “idealist”) de Blasio was an ardent supporter of the Sandinistas
The Healthcare.gov debacle has been thoroughly dissected so far by America´s best health journalists and policy analysts. To be sure, every major rollout of a new or changed social policy, including Medicare itself, is rough and takes weeks or months to resolve. (Snip) It is the larger failure of public administration that has been endemic in the Obama White House, and is probably the president´s most significant weakness. The first clues to this problem came during the transition in 2008. George W. Bush and his chief of staff, Josh Bolten, offered exemplary assistance to the incoming Obama team—but many of the
President Obama blasted GOP opponents of his healthcare law as hypocrites after Republicans expressed concerns about the rocky rollout of HealthCare.gov. In his weekly address, Obama suggested that the GOP´s focus on the issue was in bad faith because Republicans have pushed for years to repeal, defund or dismantle ObamaCare. Republicans "spent the last few years so obsessed with denying … people access to health insurance that they just shut down the government and threatened default over it," Obama said. "It´s well past the time for folks to stop rooting for [the law´s] failure." Obama´s comments come after a tough
HOUSTON, — President Obama’s legacy may include a stake in the heart of a cherished dream of the progressive left: complete government control of healthcare in America. Obama has always wanted a single-payer, government-run healthcare system, and he set out a complicated but achievable path to get to that goal through Obamacare. The eventual failure of Obamacare would set the stage for single-payer healthcare. Unfortunately for him, he designed Obamacare to fail in the wrong ways at the wrong times, making it harder, not easier to achieve his goal of completely socialized healthcare. If Obamacare dies an early and spectacular failure, it will
Just how bad was the shutdown for America´s image on the world stage? So bad, says Secretary of State John Kerry, that foreign officials joked about buying him meals. "I have seen how our allies, our partners and those who wish to challenge us or to do us harm are all sizing us up every day," Kerry said at an event hosted by Center for American Progress, a liberal think tank. "What we do in Washington matters deeply…that´s why a self-inflicted wound like the shutdown can never happen again." Kerry added that the shutdown delayed security aid to Israel. "The dysfunction and
Shepard Smith, the endlessly endearing (and easily angered) Fox News anchor, has likened the right-wing channel to a “family,” with president Roger Ailes as its domineering father. Which makes it only slightly awkward that in early 2012, the 49-year-old anchor started courting an attractive young production assistant who worked under him on Fox Report With Shepard Smith. Now they are a couple. Gawker has learned that Smith is dating a 26-year-old Penn State grad and Fox Business producer named Giovanni “Gio” Graziano. According to multiple sources with knowledge of their relationship, the couple met sometime after Graziano started working at Fox
WASHINGTON — Whether miffed over spying revelations or feeling sold out by U.S. moves in the Middle East, some of the United States’ closest allies are so upset that the Obama administration has gone into damage-control mode to ensure the rifts don’t widen and threaten critical partnerships. The quarrels differ in their causes and degrees of seriousness. As a whole, however, they pose a new foreign policy headache for an administration whose overseas track record is seen in many quarters at home and abroad as reactive and lacking direction. In Europe and the Middle East, rifts that once would’ve been quietly smoothed
Sarah Palin found a novel way to turn down an interview request from Piers Morgan on Friday, posting a picture on Facebook of a bear she had shot dead and a note saying she was busy. The former Alaska governor thanked chat show host Morgan for inviting her on his ´shambolic show´ but added she was ´kind of busy right now´. The Facebook message, which had been liked by nearly 3,000 of Palin´s supporters within two hours of it being posted, is part of an online spat between the pair after Morgan poked fun at her intellect. Earlier in the
McDonalds will end its 40-year, ketchup-based relationship with Heinz, the company announced on Friday, because Heinz´s new CEO, Bernardo Hees, is the former CEO of Burger King. He´s also still on Burger King´s board of directors. Now McDonalds is currently looking for a new ketchup maker to partner with once it phases Heinz out of its stores. Heinz supplies ketchup to both McDonalds (for now!) and Burger King, and to Wendy’s and Chick-fil-A. For McDonalds, at least, it seems that the new Burger King connection at Heinz was one step too far. McDonalds has taken a stand on ketchup. Except most
President Barack Obama--who oversees both the Department of Justice and the Department of Homeland Security--said in a speech at the White House on Thursday that it does not make sense to have 11 million people in the United States “illegally.” The president said that the people "illegally" in the United States need to be given an “incentive” to stay here and become what he called “legalized citizens.” “It doesn’t make sense to have 11 million people who are in this country illegally without any incentive or any way for them to come out of the shadows, get right with the law,