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Rent board’s 4% hike will “plunge” buildings into distress: landlordsRent board’s 4% hike will “plunge” buildings into distress: landlordsH-E-B snags 21 acres in Celina, hinting at development boomH-E-B snags 21 acres in Celina, hinting at development boomBird Streets spec home sells for $63M — priciest LA deal this yearBird Streets spec home sells for $63M — priciest LA deal this yearMacerich faces “imminent” default on $300M Santa Monica Place loanMacerich faces “imminent” default on $300M Santa Monica Place loan
New York

Rising rents and lucrative signage light up Times Square

Pricey retail and new LED billboards drive real estate frenzy

From left: Steve Witkoff, Five Times Square, 250 West 43rd Street and Jeff Sutton
From left: Steve Witkoff, Five Times Square, 250 West 43rd Street and Jeff Sutton

From the October issue: New Yorkers who avoided Times Square in years past, when it was the seedy underbelly of Manhattan, are now just as likely to steer clear of the city’s tourism epicenter because of the pedestrian-packed sidewalks. [more]

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