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Sandy Shutdowns Could Slam New York Office Market

The breakdown in services that lingers in lower Manhattan a week after super-storm Sandy may make tenants think twice before moving to or re-leasing office space in the area whose rebirth since September 11, has been painfully slow, some brokers said.

Waiting for Housing to Drive the U.S. Economy

The U.S. housing market is on the mend, but the so-called "missing piston" of the world's biggest economy doesn't have enough power to get the broader recovery firing on all cylinders any time soon.

Former FEMA Official to Head NYC Housing Recovery Effort

New York Mayor Michael Bloomberg on Monday named a former Federal Emergency Management Agency official to lead the city's housing recovery effort after superstorm Sandy left tens of thousands of local residents homeless from flood damage or placed in shelters due to lack of power, water and heat.