Recession’s Impact on Local Green Building, $61M in Incentives at Ground Zero, & Sale-Leaseback at Times Tower?

gbNYC selects green news items of note that were reported across the New York City area during the week of January 18, 2009, including thoughts from a panel of local experts regarding the recession’s impact on local green real estate, $61 million in tax incentives at the World Trade Center site that are now up for grabs after JPMorgan’s plans for a new LEED Platinum headquarters (the Beer Belly Building) are on life support, and rumors that the New York Times, in an effort to raise cash, is on the verge of selling and leasing back 19 of the 25 stories that it owns at its green (though not LEED-certified) headquarters tower at 620 Eighth Avenue.

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gbNYC is a multi-disciplinary consulting and real estate services firm. In addition to representing office tenants and commercial buyers in leasing and acquisitions, we also provide innovative consulting solutions from a unique, green building perspective. We advise on green building financial incentives, comment on proposed green building marketing strategies, author white papers, treatises, and market analyses, organize seminars on the LEED process and professional accreditation, and provide advice and analysis on green building risk management and the overall state of green real estate, leasing, and construction, in New York City and beyond.

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