The year 2009 was a trying time to be a real estate broker, developer or investor, but it never lacked for news. In the aftermath of the financial crisis, the industry watched in awe — and sometimes horror — as residential sales ground to a virtual halt, condo projects stopped in their tracks, office rents shrank and retail stores disappeared. Buyers at buildings like 22 Renwick sued to get out of their contracts, and some were granted the opportunity to back out of their contracts. Meanwhile, an amazing cast of characters — from Kent Swig to Harry Macklowe to Lev Leviev — publicly fought for survival. There were also glimmers of hope, from the opening of the High Line in June to the expansion of Halstead Property into Connecticut to the sale of Former Lehman Brothers CEO Dick Fuld’s sale 16-room co-op apartment at 640 Park Avenue for $25.87 million, almost $5 million more than he bought it for two years ago. Click here to see The Real Deal staff’s picks for the stories that most altered the New York City real estate landscape in 2009. [more]
the real deal by email
news by neighborhood
New Jersey
Bronx
Long Island
Queens
Other Brooklyn Neighborhoods
Kensington / Windsor Terrace / Ditmas Park
Staten Island
Red Hook / Gowanus
Boerum Hill / Cobble Hill / Carroll Gardens
Park Slope / Prospect Heights
Bed-Stuy / Bushwick
Fort Greene / Clinton Hill
Dumbo / Brooklyn Heights / Downtown
Williamsburg / Greenpoint
Lower Manhattan
East Village / Lower East Side
Tribeca / Soho
West / Greenwich Village
Murray Hill / Gramercy
Chelsea
Far West Side
Midtown
Upper West Side
Central Park
Upper East Side
Harlem
Inwood / Washington Heights
Tweets
- #Brooklyn brokers nab most transaction awards at @douglaselliman ceremony. Winners include @FaithHConsolo. via @trdny http://t.co/Nxelx7nB about 40 minutes ago
- Shapot Team leaves @douglaselliman for @kw_nyc, via @trdny http://t.co/ZyBkpsSs about 45 minutes ago
- #Brooklyn brokers nab most transaction awards at @douglaselliman ceremony, via @trdny http://t.co/Nxelx7nB about 2 hours ago
- Priciest home to hit Manhattan market this week is an #UES townhouse on 80th St. asking $26M, listed w/ @Corcoran_Group http://t.co/3j1zkE3E about 3 hours ago

