Ground Zero Mosque Developer to Rebuild Midtown Synagogue
Sharif El-Gamal, the developer whose proposal in 2011 to build Park51, a $100 million Islamic mosque and community center near the World Trade Center, ignited a national controversy, now plans to build a mixed-use tower in Midtown Manhattan to house a retail center and hotel—and the Garment Center Congregation synagogue. Although the New York Times called the project “mainly a real estate deal, despite the religious trappings,” the project is stirring some debate.
Enclosed Regional Malls One of the Best Investments on Offer
While it’s true that class-C and class-D malls are likely to eventually disappear from the scene, or be redeveloped into something else, good quality regional malls currently represent one of the most attractive investments in the commercial property market.
Retailers Seek New Distribution Channels for Same-Day Deliveries
New logistics models are springing up to grab the same-day delivery market share, ranging from mega-distribution centers totaling 1.5 million sq. ft. to tiny delivery posts in urban areas that compete with the struggling local connections.
Benchmarking has become an essential decision support tool used by brokers and clients to determine how much space a company needs. Lately, regardless of the industry, companies want to know what the technology industry is up to. Looking outside one’s industry for best practices can be a source of innovation. But companies first need to try these characteristics on for size to see if they fit.