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MAY 30, 2018

What Makes Embassy Suites At Hilton Midtown A Great Staycation Destination
- Forbes

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WHO’S NEWS: Rudin to head CBRE’s Northeast retail, Hidrock promotes 2
- Real Estate Weekly

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Embassy Suites by Hilton Marks Grand Opening in NYC
- Hotel Business

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Landmarks Approves Hidrock’s Restoration Plans for Site Next to Park Slope Cinema
- The Real Deal

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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