All articles by Steve Cuozzo – Page 2
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InsightLetter from New York
New York City mayor Bill de Blasio said on 21 May that “all roads” lead to partial reopening of stores and businesses by mid-June. It was an unexpected upbeat note amid the prevailing gloom.
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InsightLetter from New York
The Big Apple’s devastated retail scene trembled even more with news that Nordstrom is to close 16 of its 116 full-line stores across the US and Neiman Marcus has filed for Chapter 11 bankruptcy.
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InsightLetter from New York
New York governor Andrew Cuomo has announced a region-by-region, four-stage plan to reopen the state’s frozen economy, starting with industrial and manufacturing work on 15 May. Three upstate regions have the green light on that date.
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InsightLetter from New York
While most New York City investment-sale and leasing transactions may remain stalled for months more, restoring life to dark office towers, some could come sooner.
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NewsThe demise of Manhattan fashion emporium Barneys
The iconic Manhattan high-end fashion emporium Barneys recently closed its bankrupt doors for good.
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InsightPenalising landlords will only worsen New York's retail woes
New York, like every large American city, seems to be in the grips of a retail ‘crisis’.
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InsightNew rent law rocks NYC landlords
New York City’s real estate moguls are reeling from the worst political defeat in their history.
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InsightCollapse of Long Island Amazon deal is bad news for New York City
The governor of New York State, Andrew Cuomo, is begging Jeff Bezos to reconsider his stunning decision to walk away from a ‘done deal’ to create an Amazon campus in the Long Island City neighbourhood of Queens.
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InsightLetter from New York: Pacific Park's "money pit"
Foreign money twice bailed out Pacific Park, one of New York City’s most ambitious but contentious developments. Now a major Chinese player has scaled back its stake. The move might put some juice back into the slow-moving Brooklyn scheme, but completion remains a far-off dream.
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InsightChanging consumer trends take a bite out of Big Apple’s famous department stores
Londoners troubled over the plight of debt-ridden House of Fraser as it fell into administration last week and was promptly bought by Sports Direct should know that the department store scene in America is even more dire. Jumbos are closing from coast to coast while in Manhattan, the historic something-for-everyone ...
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InsightRemade in Manhattan: Downtown's transformation
Downtown Manhattan — not Soho or Tribeca, but the Financial District (or FiDi) south of them — is so unlike its old, buttoned-down self, it might be another planet.
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InsightTrump’s radical Wall Street agenda offers hope for New York’s mega-builders
No initiative on president Donald Trump’s agenda matters more to the commercial property world than his stated intention to “do a big number” on Dodd-Frank Wall Street regulations.
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InsightNYC’s foodie blues
Forget trivial issues like scarcity of affordable housing and fears that foreign companies are ‘buying up’ New York City.
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InsightSummer Legends – from the vault: Larry Silverstein interview
In the final of our Summer Legends series, we look back to Steve Cuozzo’s interview with the man who twice crafted New York’s skyline, Larry Silverstein.
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InsightTrump should have stuck to the New York City development business
Donald J Trump’s Republican presidential front-runner status is one of those ‘only in America’ spectacles that Hollywood might dream up.
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InsightNew York’s super-luxury condo phenomenon is running out of gas
A friend is selling her apartment on East 58th Street because she fears losing her views to a skyscraper condo tower across the street.
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InsightNew York needs speed on rail infrastructure
“Speed is of the essence,” New York State senator Chuck Schumer told me last week about the need to build a new Hudson River Amtrak tunnel between New Jersey and Manhattan.
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InsightWill Elmo and Spider-Man chase great corporations out of Times Square?
It might sound ridiculous. What is currently one of Manhattan’s strongest office subdistricts (34m sq ft) enjoys more than 90% occupancy by marquee tenants.
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InsightYou can always go Downtown: the astonishing revival of New York’s Financial District
21st Century Fox and News Corp, separate companies controlled by Rupert Murdoch, and developer Larry Silverstein last week announced a letter of intent for the media firms to move from Midtown to 2 World Trade Center (WTC) .
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InsightNew towers set to alter Manhattan’s chemistry
Manhattan fear-mongers routinely cry wolf over a ‘glut’ of new office space. They did in it in the 1990s when a few towers opened empty, and after 9/11 every time a new building brought some vacant space to market.
