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Properties
Up one levelWest Side Story II
West Side Story II, the spring 2007 issue of Properties, once again concentrates on the valuable real estate of the Far West Side with its great potential for the future growth of the city’s economy in many sectors. This issue was the outcome of a series of public programs that the Newman Institute initiated to provide a forum for both public and private comments after the New York City Department of City Planning released its study on the development of the Far West Side several years ago. For a comprehensive history and updating, see the thought-provoking Introduction to the issue.
The Future of New York: An International Perspective
The Spring 2006 issue, The Future of New York: An International Perspective is based mainly on a symposium held here in 2003 that included colleagues from many other world cities in an investigation of how New York City might consider itself in the global network. Participants from Los Angeles, Paris, London, Beijing and Shanghai presented their ideas not only about New York but also about 21st-century cities in general and how they are connected.
The Future of the Manhattan Office Market
This issue seeks to address critical questions about the city’s future such as the decline in key commercial sectors and its implications. Where will employment come from? What about New York’s tax revenues, if the financial services industry lessens? And where will its cultural and social energies emanate from if no longer from the central business district?
West Side Story
"One of the world’s largest cities, one of its few 'global' cities, New York has been emblematic of the immense strengths and troubling difficulties of late-20th-century urban environments everywhere. The forces that have been acting upon these cities are myriad, and many are not yet entirely understood. It is clear, though, that the two crucial factors determining New York’s built reality, the organization of its space and the understanding of territory—what belongs to whom—are private capital and public policy." (From the Introduction, New York: Stasis/Opportunity by Ellen Posner.)
Between Expedience and Deliberation
Organized by the Newman Real Estate Institute, the symposium to address the consequences of September 11 to New York City and the metropolitan region was led by an unprecedented collaboration of the urban faculties of the metropolitan region’s two public universities: the City University of New York’s Urban Consortium and Rutgers University’s Center for Urban Policy Research. Guest speakers from New York City industry, government and civic institutions also joined with CUNY and Rutgers faculty in the extensive series of presentations, which was co-sponsored by Crain’s New York Business.
A Bronx Profile
This issue focuses on New York real estate, planning and development in a borough that from the fifties through the early seventies was thought to be impossible to rescue from decay. The Bronx of 2000 shows the role of government in establishing middle- and lower-income housing markets and in catalyzing the creation of housing for these sectors. But the questions of what has been accomplished and at what cost remain not just for the borough but for the future of all of New York.
A REIT Assessment
What kind of stocks are real estate investment trusts or REITs? This issue is not so much about key questions as it is about examining comparative aspects of pricing patterns in public and private real estate financing markets, the long-term advantages REITs may or may not enjoy and what forces would help real estate equity markets to improve over the long term.
Properties, A Preview
This was the inaugural issue of the journal, stating that its distinguishing characteristics were to be its focus on the full range of real estate investment, finance, development and design concerns facing industry and government in New York. The text mainly consisted of the three City Roundtable discussions on commercial Manhattan, residential Manhattan and retail Manhattan held respectively in February, March and April 1997.