It’s one year ago to the day since the Lehman Brothers collapse that rocked the financial world and, subsequently, the real estate market. Yet some sectors of the industry — commercial, in particular, still struggle — and experts even question whether a new, commercial real estate market-driven collapse is on its way. In the days after the global financial services group’s bankruptcy, market experts were scrambling to predict just how severe the collapse would be. Ultimately, Sept. 14, 2008, ushered in the worst economic crisis the U.S. had seen since World War II. And the New York City residential and commercial real estate markets were not immune. [more]
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TWEETS
- This week, @DouglasElliman dominates @trdny's "Top Residential Agents" list, scoring three of the top five spots. http://t.co/WuwFfoQI 10:26:54 PM May 25, 2012
- Here's some #NYC residential sales data before you head off to the #Hamptons via @trdny http://t.co/41pt08N4 08:54:27 PM May 25, 2012
- Marcia Gay Harden gets $2.8M for #Harlem townhouse listed by@cathytaub of @StriblingNYC http://t.co/pR718yY4 via @trdny 08:47:36 PM May 25, 2012
- Boymelgreen, Africa Israel settle with @AGSchneiderman over 20 Pine St. construction, but face new $20M suit http://t.co/wYyqrfBP via @trdny 08:16:42 PM May 25, 2012

