WTC Records Folder 0124 Clippings label, Sept 2001

NYC-WTC_000137116 Under a net lease, Merrill is respon- sible for the cleanup and repairs to its buildings. Merrill spokeswoman Jessi- ca Oppenheim sai firm antici- pates returning to the properties dur- ing the same time frame Brookfield said a)) water, electrici- ty and other service either had been restored or were expected to be re- stored shortly. The company also said most damaged windows had been re- placed and all have been cleared with fine cleaning of tenant spaces continuing. The buildings have been declared structurally sound by independent en- Office Vacancy Falls Since WT By Alan J. Wax STAFF WRITER Office vacancies in Manhattan shriy- eled after the World Trade Center’s de- struction, commercial property bro- kers Cushman & Wakefield Inc. report- ed yesterday. Nevertheless, the firm said vacancy figures for the third quar- ter remained well levels seen one year ago when the Manhattan real estate market was more robust. sumelivital, LIC WIL ALCHSSIVIC. “We can’t move in Nov. 19 unless there’s phone service and a complete infrastructure in place for our people. Right now, none of that exists,” said Steven Goldstein, a spokesman for Dow Jones & Co., noting that yester- day, he was at 1 World Financial Cen- ter, two blocks south of the tradé cen- ter. “We hope to return to the World Fi- nancial Center,” he said. Erie Morse, a spokesman for CIBC World Markets, said, “Probably, like every other tenant, we've got to get in there and assess what has happened See TOWERS on A55 Leases for about 6.5 million square feet were finalized since the attacks, Cushman said. The overall office vacancy rate for Manhattan was 5.9 percent after ad- Jjustments for leases signed or put out for signature since the Sept. 11 col- lapse of the World Trade Center. With- out the recent spate of leasing, the va- cancy rate would have been 7.6 per- cent, Cushman said. The latest figures are an aberration of the trend that had been in place since earlier this year with the office market cooling and flooded with space available for sublet, said Paula Furys, Cushman’s assistant director of research. The Manhattan vacancy rate for the third quarter of 2000 was 3,5 percent. Forys said figures for the fourth quarter also are likely to be impacted by leasing of new space by companies y Phas / Dick Yarwood Tony Greco of Lillian Gostume Co. Halloween Sales Take On a Heroic Tone By Al Carrozza and Danny Lanzetta STAFF WRITERS Trick or treating this year may have terrorism themes — but with fewer scary villains or ghouls and more kids dressed up as firefighters and police asking for candy. In wake of the Sept. 11 attacks on the World Trade Center and the Pen- tagon, Halloween is taking on a dif. ferent tone this year. although some parents say that kids still want to enjey the holiday. Howard Beige, executive vice presi- dent of Rubie’s Costume Company-in Richmond Hill, the nation’s largest manufacturer of Halloween cos- tumes, said within a weck of the at- tacks, revailers were feverishly order- ing costumes of firefighters, police of- ficers and soldiers, The company has made those costumes for 20 years, but never has seen such demand. “It's thrilling to see that for the first time the superheroes that kids want Soa COSTUME an A55 Center set to open Nov. 19 © 2 World Financial Center set to open in mid to late November . © 4 World Financial Center set to open in mid to late November Newsday C Attacks displaced from the World Trade Cen- ter and surrounding buildings. The entire 13.4-million-square-foot World Trade Center complex was de- stroyed in the attack. The complex ac- counted for about 5 percent of all Man- hattan’s office space inventory. Anoth- er 12 million to 15 million square feet nearby were damaged. Some of the damaged buildings, among them 1, 2, and 4 World Finan- . cial Center, are expected to be reoccu- pied next month, and 1 Liberty Plaza 1s on schedule to respen Oct, 22. Cushman’s adjusted vacancy figures show sharp drops in each of the bor- ough’s major office markets from be- fore Sept. 11, but year-to-year compari: sons pointed to continued overall weak- ness in the office market. In midtown, the vacancy rate shrunk fram 7.9 percent belorée recent lease signings to 6 percent. One year ago, the figure was 3.2 percent. The vacancy rare in the midtown south market fell from 8.7 percent. be- fore the attack tu 7.2 percent. A year ago, the rate waa 3.9 percent. For down- town, the latest quarter’s vacancy rate was 5.1 percent ufter Sept. 11, cum- pared to 6.4 percent before the date. A year ago, the vacancy rate downtown was 4 percent. Forvs said the space leased by dis- placed World Trade Center tenants wont equal the amount of space lost by the destruction of the complex, be- 4Augse some companies laced em le - t P P dable 2, ees Into space they had available in other locations. ‘ot . NEWSDAY, WEDNESDAY, OCTOBER %, 2061 NYC 9/11 Public Portal Document