Commercial Property News Archive for 29-May-2009

Commercial Property: Grand Central; Adding to the Area Where Air Rights Can Be Used (New York Times)

HOW far will city planners go to find development sites where Grand Central Terminal's air rights can be used? East 48th Street, it would seem.

Commercial property taxes to shrink (BizJournals)

Commercial property taxes are shrinking for the first time in nine years ? a small break for property owners reeling from rising vacancies and falling rental rates.