Office market explained … and more 

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  • 1. Office rents are increasing even as vacancies rise, while Class B and C space also see increasing vacancies [NYO] and [NYO]
  • 2. Damon Hemmerdinger, owner of the Shops at Atlas Park, wants people to think differently about shopping in Queens [NYO]
  • 3. Queens legislator convicted of taking bribe from developer [NYO]
  • 4. Upper East Side shops move to survive [NYT]
  • 5. The Bush administration and leaders of Congressional want the F.H.A. to prevent foreclosures, but the agency has its own financial problems [NYT]
  • 6. A bipartisan Senate effort to stabilize the housing market faces collapse [NYT]
  • 7. Investment bank Rodman & Renshaw has sub-leased 40,300 square feet on the 20th floor of 1251 Sixth Avenue [Post, 2nd item]
  • 8. Residents say they are being ignored by new Atlantic Yards community advocate [NYDN]
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