AUGUST 6, 2012
BTEA MID YEAR LUNCHEON FEATURES COLUMNIST GREG DAVID
The BTEA’s Mid Year Board of Governor’s Luncheon, held in Manhattan on July 26, featured an address by Crain’s New York Business contributor and author Greg David, who spoke on the New York City economy and the upcoming mayoral race in 2013. The Luncheon, attended by 40 BTEA board members and Association executives, also featured an update on management/labor issues by BTEA Co-Chairman David Pinter and BTEA President Louis Coletti.
NEW YORK BUILDING CONGRESS REPORT PAINTS GLOOMY PICTURE OF CONSTRUCTION STARTS
A New York Building Congress report, utilizing McGraw-Hill Construction Dodge data, has found that there was $1.8 billion worth of office construction projects started in New York City in 2011. This represents a decrease of 30 percent from 2010, when construction projects worth $2.6 billion began.
According to the Building Congress, the 2011 decline in office starts was directly attributable to a lack of ground-up construction. The report found that approximately 80 percent of the 2011 office construction starts involved alterations and renovations of existing space with the remaining 20 percent attributable to the construction of new office space.
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