Premium Essay

Grand Central Office Market

In: Business and Management

Submitted By lisamarquis
Words 9892
Pages 40
| GRAND CENTAL OFFICE MARKET | | | Lisa Downing | 5/5/2009 |


Table of Contents
Subject Headings Page Nos.
Grand Central Office Market 1
Grand Central Scene 1
Who/What Dominates the District 2
Grand Central Office Climate 4 District Vis a Vis Office Setting 4
Historical Analysis of Market Statistics 6
Comparative Analysis: Grand Central, Midtown & Manhattan 7
History of Land Use and Development Trends 8 Grand Central Terminal Today 11 External Market Forces 12 Government Intervention 14 Employment 15
Subject Properties 18 Lincoln Building 18 JP Morgan Chase 20 Competitive Position 21
Summary & Trends 25
Projections 26

I. Grand Central Office Market Analysis
The New York City Office Market is comprised of three submarkets, Downtown, Midtown and Midtown South. The Midtown submarket in the largest Central Business District in the United States; it is the submarket that the Grand Central office market is located and upon which this analysis is based. Other neighborhoods within the Midtown submarket include: Columbus Circle, Penn Plaza/Garment District, Plaza District and Times Square (Kindly refer to Appendix Nos.1 & 2). The Grand Central office market straddles in both Community Board #5 and Community Board # 6, the planning bodies of the City that overseas development and other municipal related concerns. According to the Grand Central Partnership, the Business Improvement District, the boundaries of Grand Central area can extend as far East as Second Avenue and as far West as Fifth Avenue. On the Northside the district extends to 54th street and as far South as 35th street.…...

Similar Documents

Premium Essay

Grand Jean Company Case

...Grand Jean is a company which has been in business for many years and manufactures various types of jeans. It is one of the largest clothing manufacturers in the world with dominant product – blue denim jeans. The demand for firm’s product over the years has been stable due to reasonable price and good quality. Grand Jean uses an outsourcing strategy in production by contracting with independent manufacturers to expand supply to match growing global demand. At corporate level, Grand Jean Company is a single industry firm, whose main goal as the whole is to maintain its leadership in the market as a manufacturer of jeans and also is to increase firm’s profitability and growth. The goals of the company are different from the company’s marketing organization goals and the company’s 25 managers of manufacturing plants goals. The reason so, is because the marketing department is treated as a “Revenue Centers”, while the firm’s 25 plants are treated as “Expense Centers”. The goals of “Revenue Center” are to sell manufactured goods and to maximize revenue. Furthermore, marketing department is responsible for making product demand forecasts which are used to set sales unit and sales dollar targets. Whereas, the goals of “Expense Centers”, manufacturing plant, are to meet the budget, achieve cost efficiency, achieve good product quality, and reach the quota that is assigned to each plant. In Grand Jean’s case, the “Expense Centers” would be considered as an Engineered Expense......

Words: 971 - Pages: 4

Free Essay

The Grand Design

... The Grand Design ALSO BY STEPHEN HAWKING A Brief History of Time A Briefer History of Time Black Holes and Baby Universes and Other Essays The Illustrated A Brief History of Time The Universe in a Nutshell FOR CHILDREN George’s Secret Key to the Universe (with Lucy Hawking) George’s Cosmic Treasure Hunt (with Lucy Hawking) ALSO BY LEONARD MLODINOW A Briefer History of Time The Drunkard’s Walk: How Randomness Rules Our Lives Euclid’s Window: The Story of Geometry from Parallel Lines to Hyperspace Feynman’s Rainbow: A Search for Beauty in Physics and in Life FOR CHILDREN The Last Dinosaur (with Matt Costello) Titanic Cat (with Matt Costello) The Grand Design The Grand Design The Grand Design The Grand Design Copyright © 2010 by Stephen W. Hawking and Leonard Mlodinow Original art copyright © 2010 by Peter Bollinger All rights reserved. Published in the United States by Bantam Books, an imprint of The Random House Publishing Group, a division of Random House, Inc., New York. Cartoons by Sidney Harris, copyright © BANTAM BOOKS and the rooster colophon are registered trademarks of Random House, Inc. eISBN: 978-0-553-90707-0 v3.0 The Grand Design The Grand Design The Grand Design The Grand Design E EACH EXIST FOR BUT A SHORT TIME, and in that time explore but a small part of the whole universe. But humans are a curious species. We wonder, we seek answers. Living in this vast world......

Words: 43567 - Pages: 175

Premium Essay

Office on the Go

...Office on the Go By Ashanti Greenwood IS535 –Managerial Applications of Information Technology DeVry University Table of Contents Definition of Broadband 2-3 Background of Thomas & Betts 4-5 Current Business Issues with Thomas & Betts 6-8 Proposed Solutions for Thomas & Betts 8-9 Recommendations for Thomas & Betts 10 References 11 Definition of Broadband What is broadband, Laudon and Laudon (2008, G1) defines broadband as a high speed transmission technology, also designates a single communications medium that can transmit multiple mediums of data simultaneously. Broadband is thought of by most people as a fast internet connection. Most people think of a connection as a way to connect to the internet at a home or business. More over a connection that is wired and in someway to the device that’s receiving the internet signal. Now enter the existence of mobile broadband which allows near landline speeds to a mobile device. Mobile broadband gives a user the ability to send and receive data on the go. Data has been able to be transmitted wirelessly for sometime now. The only difference between then and now is the increases in speed that has come with the maturation of technology. There are a few pieces that dictate the speed of a wireless device. One piece is the network at which the wireless signal is traveling on. Secondly, the hardware that’s powering today’s devices is very different from when the......

Words: 2626 - Pages: 11

Free Essay


...of my grandpa's life, I was fortunate enough to spend more time with him than ever before. Unaware of what the future would bring, I guess I just hoped and thought that my grandpa would be fine and healthy forever. Unfortunately, my grandpa began to slip, and various treatments, such as chemotherapy, tragically failed. My grandpa soon lost his appetite, something I thought my grandpa would never lose, because he was such a food lover. His body frame began to shrink, and his bones began to show. Although in much pain and helplessly attached to his bed, my grandpa was always in good spirits, and always had a joyful smile on his white, bearded face, which is one thing I will never forget about his character. Upon returning from Grand Junction, I proceeded to check the messages. Pushing play, I heard my grandma's voice; the sorrow and agony in her voice gave away the horrifying news I had been regretfully waiting. My heart sank as I sat and reflected on what had happened. My grandpa had passed away, and it would not sink in for many days just how much I would miss him and how much I loved him. I learned many valuable lessons through my grandpa, whether it was during my childhood, during that last glorious summer, or during his last few days. I learned not to be ashamed to tell a loved one what they mean to me. He showed me how to always find a positive side to everything, even if it was a fatal disease that I so much hated. Last, and above all, he taught me......

Words: 506 - Pages: 3

Premium Essay


...| |AUDIT OBJECTIVES | | | | | | | | | | | | | | | | |To ensure that: | | | | | | | | | | | | | | |A. |The balances represents all amount due to / from the central bank. | | | | | | | | | | | | | | |B. |The mathematical accuracy of the account is correct. | | | | | | | | | | | | | | |C. |Amounts represents all proper charges or amounts that can | | | | | | | |reasonably be expected to become payable and are properly recorded.| | | ...

Words: 468 - Pages: 2

Premium Essay

Office Tiger

...Presented by: Group 3 Brian Lynch, Brian Park, Susan Tong, Neha Rehani, Chetan Jotwani 9/24/2010 1  Current Situation  Objective  Alternatives Considered  Recommendation  Conclusion 2  Office Tiger founded in 1999 by co-CEO’s Randy Altschuler and Joseph Sigelman 2003 turnover $35m Original idea High-End Professional Services OutSourcing I. Professional support services II. Electronic content services III. Finance and Accounting   3  Take the company to the next level….Diversify business portfolio to High-Volume Service with big revenue  ‘00  ‘03  ‘06 Portfolio Desktop Publishing Revenue $1M Professional Support Electronic Content Finance & Accounting $35M High-end Service High-Volume Service $150M Revenue 200 150 100 50 0 Employee 150 1 00 03 35 06 5,000 4,000 3,000 2,000 1,000 0 4000 1600 3 00 04 Q1 04 Q4 06 4 2500  Internal Strengths Core Business Competencies Existing BPO Infrastructure Management Team Experience Weaknesses Lack of market research Cowboy Attitude No Central Vision  External Opportunities Untapped Market Pressure to cost-cut in target markets Diversification/Increase offerings Threats 8/10 Large Traditional BPO Competitors High-end Knowledge Intensive competition Economic Prosperity 5 AnswerPri Moor and Company Revenue New Account Software EKO Solutions Naunton Research “No-Go” “Attractiveness”: Location,......

Words: 356 - Pages: 2

Free Essay

Penn Central Case Law Summary

...designate the city’s landmarks (and districts) as well as regulate changes made to these designated structures. Penn Central Transportation Company owned the Grand Central Terminal, which had been designated as a landmark under the application of the Landmarks Law in August of 1967. In January of 1968, Penn Central entered into a renewable 50-year lease with Union General Properties, Ltd. (a corporation of the United Kingdom) to allow UGP to construct a multistory office building in the air space above the terminal; UGP would pay Penn Central $1 million for each year of construction and $3 million each year after that. Penn Central and UGP jointly applied to the Landmarks Preservation Commission for permission to build the proposed office building atop the Terminal. The first plan, Breuer I, called for a 55-story building to be cantilevered above the existing façade, but was denied as the Commission thought a building of such great height would not only look outlandish on top of an 8-story historical landmark, but would also diminish the prominence of the landmark itself. The second plan, Breuer II Revised, called for a removal of the Terminal’s 42nd Street façade to build a 53-story office building, but was also rejected by the Commission, as it would destroy the exterior architectural features of the Terminal. After the rejection of their proposals, Penn Central and UGP filed suit against the City of New York, stating that the city, under the guise of the......

Words: 718 - Pages: 3

Premium Essay


...Credit Card Authorization Form Guest Name Confirmation Number Check In Check Out Room Rate Nam e of Cardholder Type Credit Card Num ber Cardholder Contact Num ber Expiration Signature of Cardholder This form authorizes the Grand Hotel to charge your credit card as provided above, for the following charges accrued by the person listed. Please check the charges you wish to be taken care of on your credit card: All Charges Valet (Laundry) Service Room and Tax Phone Charges Room Service and Mini Bar Please note that if room and tax is to be paid by third party, Guest(s) will be charged an extra $100 deposit per day, for incidentals (we encourage the use of major credit cards for payments and deposits) and it will be held until check out. If plans change, our Cancellation Policy is 24 hours in advance by 6:00 PM otherwise the credit card will be charged one nights’ stay. Please send all authorization forms to the following fax number: (408) 522-4938. This credit card authorization will remain tentative until the completed form, along with a front and back copy of the signed credit card is received by the Grand Hotel reservation department. Without all of the above information the authorization will be invalid Please send receipts to: The Grand Hotel is ideally located in the heart of Silicon Valley. Our convenient locatio n allows easy access to both business and/or pleasure guests visiting the Bay Area. We are 15 minutes from the San Jose International Airport and only 45...

Words: 454 - Pages: 2

Premium Essay

Central Bank

...Academic supervisor: Dr. Abdlsalam Alhamad To begin with, Dr. Adel Sharkas claimed and addressed his case and point of view of the central bank of Jordan and its achievements and accomplishment. He also spoke about his personal life and how he became the person he is now. As an audience member, I was significantly inspired and ideas of what I can do to grow as a person flood into my thoughts. Background Moreover, Jordan set out preparations to establish the Central Bank of Jordan (CBJ) in the late 1950s. The Law of the CBJ was enacted in 1959. Thereafter, its operational procedures were commenced on the first day of October 1964. The CBJ succeeded the Jordan Currency Board which had been established in 1950. The capital of the CBJ, which is totally owned by the government, was increased gradually, from one million to 18 million Jordanian Dinars. The CBJ enjoys the status of an independent and autonomous corporate body, although its capital is owned entirely by the government. Objective The law establishing the CBJ stipulates that "the objectives of the Central Bank shall be to maintain monetary stability in the Kingdom, to ensure the convertibility of the Jordanian Dinar, and to promote the sustained growth of the Kingdom's economy in accordance with the general economic policy of the government." The most important objective of the central bank is to achieve the stability of the exchange rate is crucial for continuous economic growth; also the control of the......

Words: 1695 - Pages: 7

Free Essay

The Office

...Case Study # 1 – The Office Pina Meas University of La Verne The first mistake that John Mitchell made with the way he solved the problem of limited office spaces he was only seeing what he wanted to see. Mitchell was looking for information and interpreting them only in regards to his self-interest. Completely avoiding any information that would contradict his own. Mitchell is taking risk by making decisions with uncertainty focusing only on the goals he want to accomplish, but disregards the information that would show the alternatives and future event less than acceptable. Mitchell is making decisions base on assumptions even though the decision may be wrong as these decisions might produce bad outcome. With the possibility of failure being potentially high. Mitchell shows the characteristics of Ambiguity illustrated in Exhibit 9.1 from the textbook Management TWELFTH EDITION Richard L. Daft 2014 Vanderbilt University. The first sign shown by Mitchell was that he created an unclear issue with Krista Acklen with the intention of only the goal to be accomplished. Now not only are they limited to office spaces they are now creating conflict that would otherwise distract both parties from truly achieving their goals. The things that I would do different from Mitchell first, would be approaching Krista Acklen about the idea of sharing the limited office space that she is in charge of before deciding solely disregarding her inputs or thoughts. I would look......

Words: 362 - Pages: 2

Premium Essay


...Office Depot is one of top company’s that provides office products and services worldwide. Office Depot’s mission statement states “Our mission at Office Depot is to be a global, leading innovator as a supplier of office products and services for consumers and businesses of all sizes while creating a positive impact on the environment. We continually strive to deliver our customer’s favorably priced product, beneficial services, and the latest digital imaging and printing technology. We will earn the trust of our shareholders by being open, honest, and faithful in all that we do. We will also be responsible for achieving and sustaining unprecedented results that create value to our customers, employees, and stakeholders through personal commitment, sensible thrift, collaboration, and shared leadership.” The nine essential components of a mission statement stated by (David, Fred R. 51-52) says: 1) Customers- Who are the firm’s customers, 2) Product or services- What are the firm’s major products or services, 3) Markets- Geographically, where does the firm compete, 4) Technology- Is the firm technologically current, 5) Concern for survival, growth, and profitability- Is the firm committed to growth and financial soundness, 6) Philosophy- What are the basic beliefs, values, aspirations, and ethical priorities of the firm, 7) Self-concept- What is the firm’s distinctive competence or major competitive advantage, 8) Concern for public image- Is the firm responsive to social,......

Words: 852 - Pages: 4

Premium Essay


...because there's not a lot they can give up to offset the rising cost of things they need to survive. Lowering inflation and rising unemployment would negatively affect workers who are teenagers, high school dropouts, males, and minority groups. High school dropouts had a 15.3% unemployment rate while college graduates were at 4.7%. Teenagers were at 27% unemployment rate. African American unemployment was at 15.7% and Latino had a 9.5% unemployment rate while white males were at 13.8. I think our society like to think they reward these groups by offering social programs like WIC and welfare but many of these recipients become depended on the system and lose the will to do for themselves and in the long run society lose. The Federal Open Market Committee is likely to increase the federal funds and discount in the next 6 months, the Federal Reserve will raise the interest rates and this increase demand for US dollars so folks can buy US government securities bonds, which will be at a high interest rate. The pro to this action it will create demand and help stimulate the economy for a short period of time. The FOMC set the fiscal policy and government employment are important aspects of our economy because fiscal policy determines how our economy will operate in the day in and day out, and government employment can help to keep people working and unemployment on the decline. References Board of Governors of the Federal Reserve System: Monetary......

Words: 875 - Pages: 4

Premium Essay

Feasibility Study on Grand Royal Hotel

...completed this plan with all our known knowledge. Fro the purpose of developing our Strategic / Business Plan, first of all we have given our hotel a name, i.e. “Grand Royal”. In our Strategic / Business Plan we have discussed several factors that are required in developing a good and implementable plan. This plan required a broad-based understanding of changes taking place in the marketplace in which the company competes, or plans to compete, and the ever-changing financial markets. In-depth technical skills in a variety of disciplines such as financial analysis, sales and marketing, latest technology, and managing growth are critical components in assessing a company's opportunities and risks. Now, let us understand the purpose of a Strategic / Business Plan. Business / Strategic Plan Purpose: Introduction: In today's highly competitive environment, formal business planning is an essential element in achieving business success. A well-written business plan is primarily a communication tool used to obtain financing. In certain instances, particularly with our early stage company, this business plan also serves as a strategic plan. Considering that lenders are inundated by numerous investment opportunities from which they choose only a few, this business plan describes our story and how we intend to grow. Grand Royal management team has made an in-depth analysis of its opportunities and weaknesses and it has concluded that the company has an excellent chance to......

Words: 9244 - Pages: 37

Free Essay

H-E-B Central Market Management Theory Analysis

...current President of H-E-B grocery- Charles Butt- opened the first Central Market. The store was located in Austin. Mr. Butt reached out to John Campbell an employee who had been with the company for over thirty years. Campbell started out at H-E-B as a cashier and moved up the ranks to become an Innovation Officer at HEB. Central market is a division under HEB Grocery which operates independently. The store remains privately owned by the Butt family and is not traded openly on the stock market. The store was called an “amusement park for food lovers”. The store took concepts from European food markets and brought them to Central Market. The store became very popular in Austin, Texas, and an each year about 2 million people visit the store. Following the Austin Central Market’s success H-E-B grocery opened eight new locations starting in the year 2001 with stores in San Antonio, Houston, Plano, Dallas, Southlake, Fort Worth, and a second location in Austin respectively. Central Market offers its customers an atmosphere where they can experiment and try new different foreign foods. They have a very strict product quality checklist. Every item that goes into their store must pass inspection at the store. Unlike H-E-B grocery stores all products that are shipped to Central Market go directly to the store. There is no stop over at the distribution warehouse. During an interview with the Manager in Charge at Central Market in San Antonio product quality was discussed. One......

Words: 4129 - Pages: 17

Free Essay

Central Market Q4

...At Central Market, “about two-third of the store’s floor space is stocked with perishables” (Pineault, 2011, p.53). According to Kevin Coupe, executive editor of Progressive Grocer trade magazine in Stamford, Connecticut: “The more sales you can move to perishable, the better, because the amount you can charge for Coke, Pepsi, or Tide is tight”. We could see that most of Central Market’s profit comes from its fresh food, fruits and vegetables. Therefore, the food safety has become the main challenge for Central Market. In order to guarantee its goods freshness, Central Market has managed its prep facilities like a factory. “At Central Market at least 20 percent of the store’s sales come from its roomy produce section, which eats up almost a third of the store’s 60,000 square feet of sales space. The section, kept at 65 degrees, stocks on any given day as many as 450 kinds of fruits and vegetables” (Pineault, 2011, p.53). Central Market not only sell vegetables and fruits, it also has the section for fresh meat, fish, others. “Seventy-five feet of refrigerator space display fresh fish, while 68-foot meat counter sells more than 100 types of meat, game, and poultry. The cheese department offers 600 varieties” (Pineault, 2011, p.53). Central Market is well aware about the store’s structure to keep its goods in good condition. With over 66% of the store’s floor space is stocked with perishables, the freshness of the products has become the number 1 concern of Central Market,......

Words: 376 - Pages: 2