Bloomberg TV reports NYC's Wealthy are Renting vs Buying

Straight from the Real Deal:
"There is a temporary phenomenon being observed in the New York housing market of wealthy people renting homes instead of buying them, according to Bloomberg Television. "People on the fence about buying have more options so they are renting," appraiser Jonathan Miller of Miller Samuel told Bloomberg in a video. "It's a combination of having more selection -- rents are off a little bit down and prices up a little bit… so they are hedging for the future." However, in terms of the recovery, "we still have a ways to go," Miller said. "There is a rebound but no recovery… People are exploring options but not quite ready to jump in." For the original report, go here.

The Real Deal reports mostly positive predictions for 2011

The Real Deal reports positive predications for 2011 from experts in the industry.
Retail leasing will take an upward trajectory. Office rentals will see an occupancy increase, continuing a trend from 2010. If trends continue, building sales will continue to be robust. In terms of leasing, the market indicates that many International and West Coast companies will expand on the East Coast, most likely leasing space in Manhattan. For the full report, please go here.

Happy Holidays from The Advance Group!

Warm holiday wishes from the Advance Group and a Happy New Year!

The Whitney in NYC goes LEED

As Reported by The Real Deal, the Whitney Museum will become the city's first LEED certified museum, with outside galleries to boot. The Museum will be moving from it's current address on the Upper East Side at Madison and 75th to an address that's "a return to our roots in the village" says Whitney director, Adam Weinburg. Weinburg stated that the museum will be certified "at minimum but we hope gold," and will include a free zone on the ground level with displays from the museums permanent collection.
To get the whole story, please go here.

Real Deal comes out with BEST of NYC Real Estate for 2010

The Real Deal has produced a great list of "Best of NYC Real Estate" including Best All Around Brokers and Best Manhattan Developer. Want to see the winners? Check them out here!

Do you know who's moving you?

At The Advance Group, we make sure you know who is moving you. We feel it's important to make our employee's work history, specialties and interests known to our clients. After all, it's them that will be your point of contact, handling all the fine details of your move and supporting you through the process.
Not all moving companies are that transparent, and we proud to say that many members of our team have been with The Advance Group for quite a number of years. Our team's dedication and expertise speaks to the quality of our company, as well as the high standard of the services we provide. Check out the bio section of our website and get to know who is moving you! Check us out here.

Law firm Winston and Strawn expands at Park Avenue

The New York Post and Real Estate Weekly report that
"Law firm Winston & Strawn signed a lease for 280,000 square feet at 200 Park Ave., where asking rents were reportedly between $70 and $90 per square foot. The deal represents growth of nearly 70,000 square feet since the beginning of the year for the firm, and it is believed to be the year’s second-largest lease by a law firm after Proskauer Rose’s 400,000 square feet at 11 Times Square."
For the full report, please go here.

LEED revisits 2009 revisions, proposes changes for 2010

The NY Times reports that Leadership in Energy and Environmental Design, or the LEED rating system is fleshing out the 2009 revision to include three new credit categories and a variety of reworked and new credits and prerequisites. The proposed changes have been laid out by USBGC’s technical advisory committees, and they touch upon each of the system’s sections: LEED for homes, design and construction, operations and maintenance. "I'm really excited to see what's in store for the future of LEED," said Tristan Roberts, editor of, a publication that tracks green building information for professionals and policymakers.  
For the whole article please go here.