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 <title>NY Observer &gt; Long Island City</title>
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 <description>Articles from Observer.com</description>
 <language>en</language>
<item>
 <title>The Local: Work Life In Long Island City</title>
 <link>http://www.observer.com/2008/real-estate/local-long-island-city</link>
 <description><![CDATA[<!--paging_filter--><p>It’s not every day that you hear New Yorkers complaining about the absence of a Starbucks or a Duane Reade, but the chains that are so often maligned in Manhattan lately are just the type of convenience that people working in Long Island City miss the most.<br />
<p class="MsoNormal">When Deborah, a Citigroup employee, learned that she was being transferred from Manhattan to Long Island City 10 years ago, she was less than enthusiastic about the move.</p>
<p class="MsoNormal">“When I first heard I thought, 'Ugh, Long Island City,' because I’d never heard about it,” said during a mid-Monday morning smoke break outside the neighborhood’s first high-rise, high-profile office building, Court Square One. <span class='read-more'><a href="http://www.observer.com/2008/real-estate/local-long-island-city">&nbsp;read&nbsp;more&nbsp;&raquo;</a></span></p>]]></description>
 <comments>http://www.observer.com/2008/real-estate/local-long-island-city#comments</comments>
 <category domain="http://www.observer.com/channel/real-estate">Real Estate</category>
 <category domain="http://www.observer.com/taxonomy/term/56008">Citigroup Building</category>
 <category domain="http://www.observer.com/taxonomy/term/50174">commercial real estate</category>
 <category domain="http://www.observer.com/taxonomy/term/56009">Court Square One</category>
 <category domain="http://www.observer.com/taxonomy/term/24787">Long Island City</category>
 <category domain="http://www.observer.com/taxonomy/term/56010">Rockrose Development Corp.</category>
 <category domain="http://www.observer.com/taxonomy/term/54505">Tishman Speyers</category>
 <pubDate>Mon, 21 Jul 2008 17:12:30 -0400</pubDate>
 <dc:creator>Lysandra Ohrstrom</dc:creator>
 <guid isPermaLink="false">72148 at http://www.observer.com</guid>
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<item>
 <title>How Government Action Changed Long Island City</title>
 <link>http://www.observer.com/2008/real-estate/how-government-action-changed-long-island-city</link>
 <description><![CDATA[<!--paging_filter--><p><em>The Financial Times</em>' Jeremy Lemer parachutes into Long Island City and <a href="http://www.ft.com/cms/s/0/9887443e-5529-11dd-ae9c-000077b07658.html">relays the massive changes</a> in the neighborhood back to the folks in Europe.
<p>Interestingly, he weaves how government actions, particularly zoning changes, helped spur LIC's rapid development: </p>
<blockquote><p>In 1981 it was zoned as a mixed use district. Then, as now, Romanesque Revival terraced houses stood cheek-by-jowl with factories - home to builders' yards, elevator repair companies and printing shops. ...</p>
<p>Zoning changes have, belatedly, had rapid and far reaching effects. Inland, a 2004 rezoning has transformed the Hunters Point mixed-use area by allowing industrial sites to be converted to residential uses. &quot;The rezoning made a lot of millionaires,&quot; says [property broker Andrew] Fine. </p>
</p></blockquote>
<p>I <a href="/2008/real-estate/dude-where-s-my-deal">wrote in last week's <em>Observer</em></a> about how a large rezoning in Williamsburg and Greenpoint spurred not only rapid residential development, but also recent home-price jumps (see chart above).</p>]]></description>
 <comments>http://www.observer.com/2008/real-estate/how-government-action-changed-long-island-city#comments</comments>
 <category domain="http://www.observer.com/channel/real-estate">Real Estate</category>
 <category domain="http://www.observer.com/taxonomy/term/24787">Long Island City</category>
 <pubDate>Mon, 21 Jul 2008 16:05:36 -0400</pubDate>
 <dc:creator>Tom Acitelli</dc:creator>
 <guid isPermaLink="false">72143 at http://www.observer.com</guid>
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<item>
 <title>Long Island Rock City!</title>
 <link>http://www.observer.com/2008/long-island-rock-city</link>
 <description><![CDATA[<!--paging_filter--><p>Robert Prichard hopes to illuminate Long Island City with some emphatic Times Square-style signage.<br />
<p class="text">“I’d like it to be visible from the 59th Street Bridge,” he said. “First, it flashes ‘Queens,’ then ‘Bridge,’ then ‘Theater,’ and then ‘Queensbridge Theater.’ And then maybe an arrow that lights up and points down to our loading dock.”</p>
<p class="text">Mr. Prichard, 52, has long had a flair for the dramatic. This is the same guy, after all, who nearly a decade ago led a conga line up Avenue A in protest of the city’s antiquated cabaret laws. <span class='read-more'><a href="http://www.observer.com/2008/long-island-rock-city">&nbsp;read&nbsp;more&nbsp;&raquo;</a></span></p>]]></description>
 <comments>http://www.observer.com/2008/long-island-rock-city#comments</comments>
 <category domain="http://www.observer.com/channel/real-estate">Real Estate</category>
 <category domain="http://www.observer.com/taxonomy/term/24787">Long Island City</category>
 <pubDate>Tue, 01 Apr 2008 15:59:00 -0400</pubDate>
 <dc:creator>Chris Shott</dc:creator>
 <guid isPermaLink="false">67254 at http://www.observer.com</guid>
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<item>
 <title>A Long Island City Business Gets Jamaica&#039;s Tax Breaks</title>
 <link>http://www.observer.com/2007/long-island-city-business-gets-jamaicas-tax-breaks</link>
 <description><![CDATA[<!--paging_filter--><p>In an unusual arrangement, the City Council on Thursday voted to let a Long Island City business take advantage of tax breaks that usually go along with the Empire Zone in Jamaica.<br />
<p class="MsoNormal">The concept of these &quot;regionally significant projects&quot; is a little controversial, since <a href="http://www.nylovesbiz.com/Tax_and_Financial_Incentives/Empire_Zones/default.asp">Empire Zones</a> are set up to benefit a particular neighborhood or region. <span class='read-more'><a href="http://www.observer.com/2007/long-island-city-business-gets-jamaicas-tax-breaks">&nbsp;read&nbsp;more&nbsp;&raquo;</a></span></p>]]></description>
 <comments>http://www.observer.com/2007/long-island-city-business-gets-jamaicas-tax-breaks#comments</comments>
 <category domain="http://www.observer.com/channel/real-estate">Real Estate</category>
 <category domain="http://www.observer.com/taxonomy/term/51719">Empire Zones</category>
 <category domain="http://www.observer.com/taxonomy/term/30002">Jamaica</category>
 <category domain="http://www.observer.com/taxonomy/term/24787">Long Island City</category>
 <category domain="http://www.observer.com/taxonomy/term/51720">Tax Breaks</category>
 <pubDate>Thu, 15 Nov 2007 18:01:01 -0500</pubDate>
 <dc:creator>Matthew Schuerman</dc:creator>
 <guid isPermaLink="false">60488 at http://www.observer.com</guid>
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<item>
 <title>Hell’s Kitchen Is Too Pretty For Reality TV</title>
 <link>http://www.observer.com/2007/hell-s-kitchen-too-pretty-reality-tv</link>
 <description><![CDATA[<!--paging_filter-->Hollywood screenwriter Bobby Moresco spoke in Dickensian terms about growing up Irish in Hell&rsquo; <span class='read-more'><a href="http://www.observer.com/2007/hell-s-kitchen-too-pretty-reality-tv">&nbsp;read&nbsp;more&nbsp;&raquo;</a></span>]]></description>
 <comments>http://www.observer.com/2007/hell-s-kitchen-too-pretty-reality-tv#comments</comments>
 <category domain="http://www.observer.com/channel/real-estate">Real Estate</category>
 <category domain="http://www.observer.com/taxonomy/term/32815">Archstone Clinton</category>
 <category domain="http://www.observer.com/taxonomy/term/32814">Bobby Moresco</category>
 <category domain="http://www.observer.com/taxonomy/term/24787">Long Island City</category>
 <category domain="http://www.observer.com/taxonomy/term/30995">Toney Edwards</category>
 <pubDate>Sun, 15 Apr 2007 20:00:00 -0400</pubDate>
 <dc:creator>Chris Shott</dc:creator>
 <guid isPermaLink="false">37130 at http://www.observer.com</guid>
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<item>
 <title>Related&#039;s Ross: Big Announcement Coming!</title>
 <link>http://www.observer.com/node/35877</link>
 <description><![CDATA[<!--paging_filter-->The Related Companies' chairman, Stephen Ross, said last week that the city will make an announcement "in the next 60 days" about a new housing program for middle-income New Yorkers, <a href="http://www.newyorkbusiness.com/apps/pbcs.dll/article?AID=/20070318/SUB/70317024/1009"><em>Crain's</em></a> reports. Details of the announcement remain sketchy, but it likely has something to do with the construction of Queens West in Long Island City.

<p>Mr. Ross is also chairman of the Real Estate Board of New York.</p>

<em>- Tom Acitelli</em>]]></description>
 <comments>http://www.observer.com/node/35877#comments</comments>
 <category domain="http://www.observer.com/channel/real-estate">Real Estate</category>
 <category domain="http://www.observer.com/taxonomy/term/24787">Long Island City</category>
 <category domain="http://www.observer.com/taxonomy/term/30734">Stephen Ross</category>
 <pubDate>Mon, 19 Mar 2007 09:48:39 -0400</pubDate>
 <dc:creator>Observer Staff</dc:creator>
 <guid isPermaLink="false">35877 at http://www.observer.com</guid>
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<item>
 <title>Rangel&#039;s Cake</title>
 <link>http://www.observer.com/node/31710</link>
 <description><![CDATA[<!--paging_filter--><img alt="rangel-knife.JPG" src="http://thepoliticker.observer.com/rangel-knife.JPG" width="473" height="285" />

<p>Charlie Rangel, who said he doesn't want to see the debate about Medicaid spending turn into a "<a href="http://thepoliticker.observer.com/2007/03/rangel-not-a-psychiatrist.html">food fight</a>," seemed ready for one on Saturday in Long Island City, where he was awarded the the Kung Hwa Medal by the Korean government.</p>

[Photo credit: <a href="http://gracemeng.com/">Grace Meng</a>.]

<em>-- Azi Paybarah</em>]]></description>
 <comments>http://www.observer.com/node/31710#comments</comments>
 <category domain="http://www.observer.com/channel/politics">Politics</category>
 <category domain="http://www.observer.com/taxonomy/term/24507">Centers for Medicare &amp;amp; Medicaid Services</category>
 <category domain="http://www.observer.com/taxonomy/term/24711">Charles Rangel</category>
 <category domain="http://www.observer.com/taxonomy/term/24787">Long Island City</category>
 <pubDate>Mon, 12 Mar 2007 08:12:24 -0400</pubDate>
 <dc:creator>Observer Staff</dc:creator>
 <guid isPermaLink="false">31710 at http://www.observer.com</guid>
</item>
<item>
 <title>The Afternoon Wrap: Friday</title>
 <link>http://www.observer.com/node/35754</link>
 <description><![CDATA[<!--paging_filter--><ul><img alt="bedford%20grass.JPG" src="http://therealestate.observer.com/bedford%20grass.JPG" width="375" height="140" />

<li>Seven reasons for Queens' impending triumph: Long Island City; more bang-for-buck; it's not Jersey; the "tipping point"; Trader Joe's; community blogs; and, most importantly, Ugly Betty. <a href="http://www.outerb.com/?p=374"><em>[OuterB]</em></a></li>

<li>Why should NYC ban traffic on Williamsburg's main stretch? Because hipsters deserve their own esplanade, and because "preserving the small town quality of Williamsburg and allowing for a more vital street life" sounds like a dandy idea. <a href="http://carfreebedford.com/about.html"><em>[Carefree Bedford, via Curbed]</em></a></li>

<li>It's about 18 months too late to notice that "the cobblestone streets, the deep history, the architecture, and the harbor views" have made Wall Street a hip place to live. But if you like Armani-branded condos, this weekend is full of thrilling financial district open houses. <a href="http://nymag.com/daily/intel/2007/02/is_wall_street_fit_for_human_h.html"><em>[NY Mag/D.I.]</em></a></li>

<li><strong>Map of the Day</strong>: Where do NYU kids go after freshman year? Invariably, from Washington Square to Alphabet City, from "East" Williamsburg to Yorkville, from the West Village to Westchester. <a href="http://thelmagazine.com/5/3/mapabouttown/feature1.cfm?ctype=1"><em>[L Mag]</em></a></li>

- <em>Max Abelson</em>]]></description>
 <comments>http://www.observer.com/node/35754#comments</comments>
 <category domain="http://www.observer.com/channel/real-estate">Real Estate</category>
 <category domain="http://www.observer.com/taxonomy/term/24787">Long Island City</category>
 <category domain="http://www.observer.com/taxonomy/term/30030">Trader Joe&amp;#039;s Co. Inc.</category>
 <category domain="http://www.observer.com/taxonomy/term/24281">Williamsburg</category>
 <category domain="http://www.observer.com/taxonomy/term/30638">Yorkville</category>
 <pubDate>Fri, 16 Feb 2007 12:45:25 -0500</pubDate>
 <dc:creator>Observer Staff</dc:creator>
 <guid isPermaLink="false">35754 at http://www.observer.com</guid>
</item>
<item>
 <title>Umbrella Deal Means  Changes for Office Buildings</title>
 <link>http://www.observer.com/node/35736</link>
 <description><![CDATA[<!--paging_filter-->The cute red umbrella in the <a href="http://www.newyorkbusiness.com/apps/pbcs.dll/article?AID=/20070213/FREE/70213004/1048">Citigroup logo is no more</a>, says <em>Crain's</em>. The bank cut a deal to sell the branding rights to St. Paul Travelers.

<p>Citigroup will need to draft up a new logo now. File this under slightly irrelevant, but what's this mean for real estate? Well, when they create the new logo it will mean a new top for three distinguished city properties: 666 Fifth Avenue; Court Square Two in Long Island City; and the top of the new Mets stadium in Queens.</p>

<em>- John Koblin</em>]]></description>
 <comments>http://www.observer.com/node/35736#comments</comments>
 <category domain="http://www.observer.com/channel/real-estate">Real Estate</category>
 <category domain="http://www.observer.com/taxonomy/term/50457">Sports</category>
 <category domain="http://www.observer.com/taxonomy/term/24893">Citigroup Inc.</category>
 <category domain="http://www.observer.com/taxonomy/term/24787">Long Island City</category>
 <category domain="http://www.observer.com/taxonomy/term/25231">New York Mets</category>
 <category domain="http://www.observer.com/taxonomy/term/31213">The St. Paul Travelers Companies Inc.</category>
 <pubDate>Wed, 14 Feb 2007 06:00:00 -0500</pubDate>
 <dc:creator>Observer Staff</dc:creator>
 <guid isPermaLink="false">35736 at http://www.observer.com</guid>
</item>
<item>
 <title>The Round-Up: Thursday</title>
 <link>http://www.observer.com/node/35645</link>
 <description><![CDATA[<!--paging_filter--><ul><li>West Village buildings on market for $101.5M.</li> <a href="http://www.globest.com/news/828_828/newyork/152350-1.html"><em>[GlobeSt]</em></a>
<li>Freedom Tower construction visible from sidewalk.</li> <a href="http://www.nytimes.com/2007/01/25/nyregion/25blocks.html?_r=1&ref=nyregion&oref=slogin"><em>[NY Times]</em></a>
<li>Port Authority acquiring lease for Stewart Airport.</li> <a href="http://www.nytimes.com/2007/01/25/nyregion/25airport.html?ref=nyregion"><em>[NY Times]</em></a>
<li>DA charges Queens broker with fraud.</li> <a href="http://www.nytimes.com/2007/01/25/nyregion/25mbrfs-broker.html"><em>[NY Times]</em></a>
<li>Long Island City "something of a boomtown."</li> <a href="http://www.nypost.com/seven/01252007/realestate/the_long_way_home_realestate_adam_bonislawski.htm"><em>[NY Post]</em></a>
<li>Glitzy replacement for Coney Island's Astroland.</li> <a href="http://www.nydailynews.com/news/local/story/491663p-414179c.html"><em>[Daily News]</em></a>
<li>Fire fears for new Sheepshead Bay condos.</li> <a href="http://www.nydailynews.com/boroughs/story/491596p-414107c.html"><em>[Daily News]</em></a>
<li>Lawyers, guns & money--Brooklyn landlord dispute.</li> <a href="http://www.nydailynews.com/boroughs/story/491596p-414107c.html"><em>[Daily News]</em></a>
<li>Manhattan Avenue stretch nears historic designation.</li> <a href="http://www.nysun.com/article/47372"><em>[NY Sun]</em></a>
<li>Diamond District losing its luster?</li> <a href="http://www.nysun.com/article/47389"><em>[NY Sun]</em></a>
<li>A profile of Long Island City activist Erik Baard.</li> <a href="http://www.nysun.com/article/47348"><em>[NY Sun]</em></a> 
<li>Officials try to alter Trump's Soho condo-hotel.</li> <a href="http://www.nysun.com/article/47356"><em>[NY Sun]</em></a>
<li>"Cheap financing" fueling city's real estate.</li> <a href="http://www.nysun.com/article/47345"><em>[NY Sun]</em></a>
<li>Blackstone raises its bid for Equity Office.</li> <a href="http://www.newyorkbusiness.com/apps/pbcs.dll/article?AID=/20070125/FREE/70125001/1058"><em>[Crain's]</em></a>


<p>Did we miss any New York City real estate news this morning? Please <a href="mailto:tacitelli@observer.com">send along</a> tips and links.</p>]]></description>
 <comments>http://www.observer.com/node/35645#comments</comments>
 <category domain="http://www.observer.com/channel/real-estate">Real Estate</category>
 <category domain="http://www.observer.com/taxonomy/term/24787">Long Island City</category>
 <category domain="http://www.observer.com/taxonomy/term/24252">New York City</category>
 <category domain="http://www.observer.com/taxonomy/term/25160">Sheepshead Bay</category>
 <category domain="http://www.observer.com/taxonomy/term/24267">The New York Times Company</category>
 <pubDate>Thu, 25 Jan 2007 03:09:45 -0500</pubDate>
 <dc:creator>Observer Staff</dc:creator>
 <guid isPermaLink="false">35645 at http://www.observer.com</guid>
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