April 01, 2008 04:12PM
By Lauren Elkies
While sellers of lower- and mid-priced homes have suffered,
some real estate watchdogs maintain that the market for trophy
properties has remained insulated from price fluctuations.
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March 31, 2008 02:30PM
By Claire Levenson
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April 01, 2008 03:32PM
With last month's death knell of the nation's fifth largest investment
bank and over 20,000 job cuts expected in the industry, the city is
nervously waiting to see how Wall Street's state of imbalance will
impact the real estate industry.
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April 01, 2008 04:28PM
By Melissa Dehncke-McGill
Developers said projects slated to start up in 2008 will be virtually nonexistent. "Everything coming up now is a '09," said Daren Hornig, managing partner at SAXA.
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April 01, 2008 05:32PM
By Jennifer Gould Keil
From November 2003 to
April 2005, Maurice McDowall helped push through 80 home mortgages or equity
loans worth a total of more than $20 million. But those loans often happened to be for more money than the homes underlying them were actually worth.
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March 31, 2008 03:00PM
By Dan Ackman
In the last few months, several major banks have called off plans to
build new towers in Manhattan, providing yet another sign that the days
of Wall Street's flush expansion are over.
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April 01, 2008 04:05PM
By Annika Mengisen
As the housing market sputters, condo buildings are
increasingly seeing residents fall behind on their payments of common
charges.
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March 31, 2008 12:18PM
By Vanessa Weiman
Madison Avenue might be the quintessential American luxury shopping
strip. But as rents continue their steep rise and the dollar remains
weak, many domestic retailers are looking north of the traditional
ultra-exclusive span from 57th to 72nd streets.
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March 31, 2008 04:17PM
By Adam Piore
Over the course of a career spanning nearly six decades, Sheldon Solow's
determination and self-assurance have carried him to the pinnacle of
the real estate world. His 10-year effort to win approval for the East
River development is nothing if not a testament to his tenacity.
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April 01, 2008 03:58PM
By Lisa Abramowicz
Over the past decade, Brooklyn has attracted an ever-growing flood
of ex-Manhattanites drawn to its cheaper prices and its continually
gentrifying neighborhoods. But now, the borough is attracting a new
kind of transplant: the international apartment hunter.
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April 01, 2008 04:24PM
By Amanda Baltazar
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March 31, 2008 02:52PM
By Lauren Elkies
While last summer's credit crisis pushed some homebuyers to the sidelines, recent news has prompted even more buyers
to put off their plans indefinitely.
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April 01, 2008 03:36PM
By Adam Piore
Investment banks, which for many years fed the real estate boom by
offering easy credit, then packaging loan deals together in securities
and selling them to investors at a profit, have limped away from that
market.
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March 31, 2008 01:24PM
By Lauren Elkies
With 40 stories and 1.1 million square feet of Class A office space to
lease, including 53,000 square feet of retail, SJP Properties has its
work cut out for it at 11 Times Square. The $1.2 billion development at
42nd Street and Eighth Avenue is the largest speculative, or spec,
building under development in New York City.
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March 31, 2008 12:09PM
By Katherine Dykstra
Between the pending extension of the No. 7 subway line, the tabled
expansion of the Jacob K. Javits Center, the fragile economy and
Governor Eliot Spitzer's shocking resignation last month, there are a
lot of balls in the air for development on Manhattan's far West Side.
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March 31, 2008 01:43PM
By Alex Ulam
Given the bleak economic outlook and uncertain times for New York
City real estate, the late developer Lewis Rudin's steadfast belief in
hanging on to all his holdings may serve as an encouraging example for
jittery developers in a slumping market.
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March 31, 2008 11:19AM
Founder, chairman and CEO of international real estate investment
banking firm the Carlton Group. Founded in 1991, Carlton specializes in
equity and debt placement, investment sales and commercial and
residential loan sales. In 2007 alone, the company closed more than $7 billion in transactions. Some of its more notable deals include the 2007 financing of the $350 million Trump Soho; the $825 million equity and condo conversion financing of Manhattan House in 2005; and the $1.7 billion recapitalization of the GM Building in 2004.
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