Philadelphia’s downtown population grew by 55% after launching a tax abatement program in the 1990s, which spurred more than 180 building conversions. Similarly, New York’s lower Manhattan saw ...
Because vacancy rates are increasing, buildings don’t have rent flowing in, leading to lower revenues and cash flow. UCLA finance and real estate lecturer Paul Habibi says that many of these office ...
A ten-minute walk downtown, the 1860s cast-iron ... the New York World moved into the city’s tallest building. More recently, Renzo Piano designed the New York Times Tower to project the paper ...