The Real Deal New York

Going to press, as Sandy raged

The recovery from the hurricane will involve real estate at every turn

November 09, 2012 04:30PM
By Stuart Elliott

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From the November issue: I was going to write this month’s editor’s note about two forces — technology companies and international buyers — that brokers are counting on to save the New York City real estate market and which we cover in depth in this issue.

But after all our stories were wrapped up and we prepared to go to press, it wasn’t the city’s real estate market that needed saving, it was the city itself.

The impact of Hurricane Sandy will be long-lasting and will involve real estate at every turn, from rebuilding ravaged areas like Hoboken, Fire Island and Breezy Point, to fixing Manhattan, to the broader question of how New York City’s entire infrastructure should be rethought and revamped. [more]