In the News


6/3/12  Tourists Drive Retail Surge in Manhattan:  Tourists are spearheading a retail spending surge in Manhattan, with $52.4 billion expected to pour into the cash registers of clothing stores, electronics shops and other outlets by the end of 2012, according to a report being released Monday.  See the article in the Wall Street Journal 

6/6/12  Foreign investment in NYC commercial properties doubles, Knakal says: VIDEO:  While foreign investment in New York City residential real estate has captured the headlines, Massey Knakal Realty Services Chairman Robert Knakal appeared on CNBC’s “Street Signs” this afternoon to say foreign investors have also sought commercial properties (see video above). He reported seeing twice as much foreign investment in real estate thus far in 2012 as he did during the same period last year.  See the Video and read the article at The Real Deal 

6/6/12  New York Hospitals Look to Combine, Forming a Giant:  A proposal to bring together NYU Langone Medical Center and the Continuum Health Partners network would change how medical care is delivered in the city.  See the full article in the New York Times   

6/7/12  Reports:  Manhattan rental market gets even tighter:  With rents again hitting record highs, vacancy rate dips below 1%.  See the entire article at The Real Deal

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