Although Hurricane Sandy is in the past for many NYers, still others are feeling the impact even today. FEMA has now partnered with two local real estate websites to help the displaced find apartments in the NYC. Although they already had a Housing Portal, FEMA is working with RentHop and [Full Story…]
Real Estate Websites Partner with FEMA To Help Sandy Victims Find Housing
More than 50% of #Airbnb’s NY Listings are Illegal
Airbnb may be valued at roughly $2.5 billion, but more than half of its NY listings are illegal. Skift reports that Airbnb is aware that short-term rentals are banned under a state law that went into effect in May 2011. Furthermore, under a law passed in NYC City Council, hosts of rental units are [Full Story…]
#NYTech Expansion Pushes Up #RealEstate Prices
NY tech firms are expanding—and outgrowing office space. The New York Observer reports that Midtown South—where most of the new tech and media companies reside—has the lowest vacancy rates in the U.S. Companies looking to expand are forced to move farther uptown. Soho-based 10Gen just signed a [Full Story…]
#Google Seeks More Space in #ChelseaMarket
Crain’s New York Business reports that Google is in talks to take another 75,000 square feet at Chelsea Market. That would give Google a total of 300,000 square feet in the building. An anonymous source told Crain’s that a few tenants at the market would have to be moved around to accommodate [Full Story…]
The Real Deal Maps #NYTech Real Estate Boom
A lengthy piece in The Real Deal (TRD) recently examined the NY real estate market's current tech boom. The market is having a difficult time defining a tech company in a world where almost everyone has a tech focus. Tech companies have brought expansion to real estate, but they still only [Full Story…]
NY’s Outbrain and Codeacademy Take New Offices
Recently both Outbrain and Codeacademy have opened new office spaces in NY, according to the Commercial Observer. Outbrain, a provider of strategic website enhancements, has signed a 25,000 square foot lease at 39 West 13th Street. The company has signed the lease through 2020 and will be taking [Full Story…]
Brooklyn Tech Triangle Coalition Chooses Design Team
The Brooklyn Tech Triangle coalition chose a design team recently out of 17 proposals in order to improve transportation, infrastructure and land use in DUMBO, downtown Brooklyn and the Navy Yard. The winning team consists of WXY Architecture + Urban Design, Sam Schwartz Engineering, Control [Full Story…]
Real Estate Co. #Zillow Acquires NY’s Buyfolio
Online real estate listing company Zillow this week acquired Buyfolio, a NY-based company that allows users to organize and communicate with brokers when searching for properties. Buyfolio lets users create a database of listings and share it with a broker or family members who can update it with [Full Story…]
U.K.’s Yudu Media Opens NY Office
London-based Yudu Media opened a NY office earlier this week, which for the moment is a 1,200 square feet in the offices of Quad Graphics, in the Sports Illustrated Building, at 135 W. 50th St. The firm helps publishers transitioning to digital platforms, as its cloud-based service allows users to [Full Story…]
VentureBeat Opens NY Office
NYs tech community has reached enough critical mass for VentureBeat to open a Manhattan office. Last week the tech media had a private launch party celebrating their new offices. VentureBeat had only had two NY-based staffers and some freelancers when Matt Marshall, founder and editor-in-chief moved [Full Story…]
Commercial Real Estate Profits From Leasing Data Storage Space
Leasing data storage space is a lucrative business for real estate companies. Commercial real estate firm Cassidy Turley focuses on assisting the owners of buildings and co-location companies to find tenants for data storage space. Thomas Traugott, who heads the new business, also advises [Full Story…]
#Google Plans to Expand into Chelsea Market
Google is set to lease a 94,000 sq. feet space at Chelsea Market, according to the Wall Street Journal. After trying to expand further in its 111 Eight Avenue building, which cost the company $1.9 billion in 2010, but has met resistance from other tenants. Google even tried to offer buyouts to the [Full Story…]
Charter Opening NY Regional Office in Stamford, CT
Charter Communications has chosen to locate its new NY-area office in Stamford, Connecticut. According to Multichannel News, the St. Louis based company had stated in June that it wanted a NY area corporate hub for their top executives, including CEO Tom Rutledge and COO John Bickham. Charter, the [Full Story…]
NY Expands Tech Sector to Wall St. #nyctech
Move over banks. The tech sector is coming to Wall Street. H.E.L.M., or Hire + Expand in Lower Manhattan, is NY’s latest initiative to expand startups. It’s a contest that awards up to $1.2 million in funding to startups willing to locate in the financial district. The competition is [Full Story…]


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