Tishman Speyer Properties is converting buildings in the city into space that people want -- apartments. City office space rent has fallen 60% from two years ago and there are 15 million square feet available.
President Bush is to deliver the State of the Union address tomorrow night. The speech is expected to cover Medicare, and the possibility of adding prescription drug benefits to the plan, new tax cuts and an attack on Iraq.
Conditions attached to bids by both AK Steel and U.S. Steel have to be considered before a decision is made, a report says. Neither company wants to take over pension and health care responsibility for the bankrupt steelmaker's retirees.
Sod roofs will go on three buildings and three windmills will be built to power some of the facilities. New construction under the $83 million capital plan will include the use of recycled carpets and drywall.