Posts From King World News

New York property market still hot, leasing slows a tad: Colliers

Leasing activity in the third quarter for office space in Manhattan dipped below a 10-year rolling average for the first time since 2013, a crack in an otherwise robust commercial real estate market, Colliers International Group Inc said on Wednesday. The asking rate for rents is at record highs and property sales are poised to set an annual record, while the availability rate for office space fell to 9.7 percent,

'Last bucket' hailed at New York's massive Hudson Yards project

Developers of a massive New York real estate project celebrated a major milestone on Wednesday with the pouring of a “last bucket” of cement on the first building slated to be finished at the Hudson Yards site on Manhattan’s west side. Retailer Coach Inc is scheduled in March 2016 to be the first tenant to occupy the building, 10 Hudson Yards, the largest commercial building ever erected in New York

EPA officials tell House panel they cannot detail VW probe

Two senior officials from the Environmental Protection Agency told U.S. lawmakers on Wednesday that they cannot divulge new details about the agency’s probe of Volkswagen without jeopardizing their investigation. In written testimony submitted to a House oversight panel a day ahead of a Thursday hearing, the EPA officials also said that Volkswagen AG concealed information about its ploy to cheat on diesel emissions after higher emission levels were discovered. In