Home sales volume remained low in the third quarter of 2011, with 4 percent fewer properties sold citywide than the number sold in the third quarter of 2010, according to data from New York University’s Furman Center for Real Estate and Urban Policy, released today. The one-year decline in the number of sales transactions was especially large in Queens, with volume down 9 percent from the third quarter of 2010.

“Sales volume continued to lag in the third quarter of 2011, showing little change since last quarter and remaining well below the sales volumes we’ve seen in the city in the past decade,” said Ingrid Gould Ellen, faculty co-director of the Furman Center. – Katherine Clarke [more]

Clockwise from top left: 370 Jay Street, a rendering of NYU’s transformation of the building and a rendering of the interior lobby (source: NYU)

While the Bloomberg administration’s eye is on Roosevelt Island for a new applied science graduate school, New York University would prefer to open one in Downtown Brooklyn. Specifically, the New York Daily News reported the school wants to take over the former Metropolitan Transportation Authority headquarters at 370 Jay Street and transform it into its Center for Urban Science and Progress.

“It would make Brooklyn the urban center of the universe,” said Paul Horn, NYU’s senior vice provost for research. “There are a lot of advantages to being there as opposed to isolated somewhere.” [more]

James Stuckey resigned from his post as the dean of New York University’s Schack Institute of Real Estate earlier this month because of sexual harassment allegations, according to the New York Post.

At the time of his resignation, university spokespeople had said Stuckey quit for health reasons. But the Post said he had been pushed out when NYU officials confronted him with accusations that he sexually harassed women at the university. [more]

James Stuckey, the divisional dean of the New York University Schack Institute of Real Estate resigned abruptly this past Friday, the school told The Real Deal, in a situation reminiscent of how he departed four years ago from a top job at the development firm Forest City Ratner Companies. At NYU, Stuckey left behind a mixed legacy in his two-year tenure, forcing through what some described as necessary changes to improve the school, but was criticized with operating with what they saw as an arrogant and biased management style.

Stuckey resigned last Friday “effective immediately,” said Paola Curcio-Kleinman, executive director of strategic marketing and communications for the School of Continuing and Professional studies, of which the Schack Institute is a part.

She said the school would likely make an announcement in the next few days about who would lead the division, but beyond that she would not comment. [more]

Protesters against New York University’s expansion plans hope to
demonstrate their anger at the famed annual Greenwich Village
Halloween parade, DNAinfo reported. The Greenwich Village Society for
Historic Preservation plans to submit designs to the 2011 NYU
Halloween design contest that illustrate NYU’s expansion plans as
scary threat. Members of the public participate in the contest to find
designs for trick-or-treat bags. “To so many people in this community,
there’s nothing scarier than NYU’s massive 20-year expansion plan and
the impact it would have on the Village,” said Andrew Berman, executive director at GVSHP. [more]

The New York City home sales volume declined 20 percent between the first and second quarters of the year, and is down 40 percent compared to March through June of 2010, according to a report released today by New York University’s Furman Center for Real Estate and Urban Policy.

Though the sales volume declined, home prices increased citywide by about 6 percent from the first quarter to the second quarter of 2011, but remained 21 percent below their peak in the fourth quarter of 2006. – Miranda Neubauer [more]

East 12th Street has just gotten a little better than it used to be. The Fairchild Publications Building, which has occupied the site of 7 East 12th Street since 1948, has been fundamentally transformed by the architectural firm of Mitchell/Giurgola Architects into the new and luminous home of New York University’s School of Continuing and Professional Studies. The university’s fourth largest graduate school and fifth largest undergraduate college, it is currently located at Cooper Square but is already moving in to its new digs. The move will enable the university to consolidate in one building what is now scattered across nine buildings. [more]

For the first time in 41 years, a woman has been the recipient of the NYU Schack Institute of Real Estate’s Urban Leadership Award.
Mary Ann Tighe, head of CB Richard Ellis’ New York sales region and chair of the Real Estate Board of New York, was given the award at last night’s dinner at the Waldorf Astoria with around 700 real execs in attendance (see photos above).
Developer Larry Silverstein literally brought Tighe to tears as he talked about her career achievements and her family.

James Kuhn, president of Newmark Knight Frank, said “when they invited Tighe to be this year’s honoree he didn’t know about the transaction that [in his mind] might turn out to be the biggest transformational deal in his lifetime. That of course is the Conde Nast deal down at the World Trade Center.” Tighe represented Conde Nast in the transaction.

Tighe said that her success has been due in part because she has through the years chosen the “right clients, the right deals and the right partners.”
Michael Alfano, executive vice president at New York University, announced that the school would be building a university in Shanghai and be the first outside-degree granting institution in China. – Marc Becker

From left: Lynne Brown, senior vice president of NYU, NYU’s expansion rendering and Andrew Berman, executive director of the Greenwich Village Society for Historic Preservation

New York University wants to prove it’s so valuable to Greenwich Village, that its expansion within the neighborhood will benefit everyone. The university commissioned a study by Appleseed, an independent New York-based economic research and analysis firm, that found academic institutions in Greenwich Village employ 10,350 people and dole out $611 million in annual payroll. Moreover, between March 2010 and March 2011 the city’s private colleges and universities created 6,000 new jobs even as employment decreased across the city. That’s particularly good news for Village residents, as 17 percent of those with jobs work in education, health care or social services in New York City, according to the report. TRD [more]

New York University recently submitted a draft of its Phase I expansion project in Greenwich Village, for which it was required to compile a list of other upcoming construction projects nearby. Curbed got its hands on that 33-project list, culled from field surveys and records from the Department of Buildings. Among the updates: 22,000 square feet of residential space is being planned for 142 Bowery, while another 10,000 square feet is on its way at 145 Ludlow Street. See the full list below. [Curbed]

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