From left: 360 Smith Street, 73 Pineapple Street, 303 East 51st Street, Beekman Tower and 189 Schermerhorn Street

From the February issue:Hundreds of dormant construction sites still dot the city, but a
handful of these beleaguered projects are finally seeing new life –
even if it’s not what was once dreamed of for the location. Those that
have seen some type of resolution were able to do so by selling off
their debt at steep discounts, slimming their construction costs or
setting their sights way lower.
This month, The Real Deal tracked down 20 stalled projects
that have seen some type of resolution within the past several months
(see chart after the jump).  [more] [more]

Warburg Marketing Group has replaced the now-defunct Coldwell Banker Hunt Kennedy as the exclusive marketing and sales agent at Twenty9th Park Madison, Warburg said. Richard Steinberg, an executive managing director at Warburg, is
overseeing sales at the 142-unit condominium, according to Andres Hogg,
U.S. general manager of Espais Promocions Immobiliáries, the building’s
developer. The on-site brokers, formerly CBHK agents, will now be employed by Warburg and Steinberg will lead the team. “We made a decision to keep the sales staff we had in-house, but to
bring in a person like Richard to manage the people who are doing our
sales,” Hogg said. [more]