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JANUARY 30, 2017

Hidrock Pays $31M for Boerum Hill Mixed-Use Building
- The Real Deal

JANUARY 11, 2017

NYC’S Tanking Hotel Market is Coming Back in 2017
- Bisnow

JANUARY 6, 2017

Hidrock Locks in $101M in Loans for 31-story Midtown hotel
- The Real Deal

JANUARY 4, 2017

Union Investment Nabs NYC Marriott Hotel In $203M Deal
- Law360

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APRIL 27, 2007

PUT MINE ON THE SIDE

- New York Post


Featuring Abraham Hidary on the success of Hidrock's side street locations

Tenants faced with steep jumps in office rents and loss factors are retreating to side streets or smaller buildings and splitting operations to reduce their occupancy costs, brokers say.

"It's a question of price and location," said Mark Lauzon, senior director of Cushman & Wakefield. "You can't afford $80 to $90 a foot, so you will see a migration to these buildings in the 20s, 30s, and 40s. Those side streets off of Fifth Avenue have great buildings and used to get $20 a foot on a good day." Now those buildings are in the $40s, $50s and close to the $60s a foot, brokers say.

 

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2007-April