Word: downtowner
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Japanese investors are hungry for property because it is very expensive in their own country. The average cost of leasing commercial real estate in Tokyo's saturated downtown market is now more than 20 times as high as it is in New York City, and 30 times as high as in Los Angeles. Meanwhile, the overbuilt American skyline beckons...
...Save Beirut from this inferno," pleaded Lebanese Prime Minister Rashid Karami. Tank and artillery fire on downtown streets prevented fire trucks from reaching dozens of burning buildings in the Hamra district, which includes the Commodore and the American University of Beirut. West Beirut's once fashionable main thoroughfare, Rue Hamra, where the city's upper crust could buy anything from French perfume to Cuban cigars, was reduced to a smoke- filled war zone. Declared a retired Lebanese Army colonel: "It is a fight to the finish...
...downtown Boston store grossed over $1 million last Monday in a price-slashing extravaganza which included furs, diamonds, oriental rugs and high fashion clothing from some of Boston's most prestigious stores, says advertising copy chief Maria J. DiChiaria...
Most reporters rely on Honduran sources or travel the four hours to Las Trojes to interview refugees from the border fighting. Some check in regularly at the U.S. embassy, a heavily guarded building on a hill overlooking downtown Tegucigalpa, but officials there are generally wary of the press. "This region is the kindergarten of overseas journalism," complains a veteran officer. "A lot of the people working in this area are young and committed and out to crucify U.S. policy to advance their careers. They don't care about ground rules or anything. So I am less open than I would...
...similar fashion, James Rouse's Enterprise Foundation is providing funding to almost 70 nonprofit housing groups around the country. Rouse, known nationally for his role in revitalizing downtown Boston and the Baltimore Harbor, envisions a national network of neighborhood housing initiatives supported by entities like Enterprise but also backed by federal funding. "The initiative would come from us, but the Government would make available the funds that are so desperately needed," says Rouse. Groups like Enterprise particularly want Congress to approve a $150 million second- mortgage fund similar to the one used in the Nehemiah program...