July 31, 2008 01:14PM
By Lauren Elkies
July was hot, and buyers were not bothered -- at least when it came to buying Manhattan real estate.
Open house attendance was down, beyond the usual summer ebb, and price adjustments were more frequent -- both indicators of a weakened housing market.
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July 31, 2008 02:28PM
By James Kelly
Small spaces continue to shuffle through the market, holding up
Manhattan's leasing activity.
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August 01, 2008 01:29PM
By Jill Gardiner
For many New Yorkers, getting out of the city on summer weekends is
an inalienable right. With the Hamptons market hurting but still
pricey, smart investors are evaluating other nearby destinations with
even better deals. This month, The Real Deal checked out the Catskills, the Jersey Shore, Long Island's North Fork and Montauk to see how they are faring.
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July 31, 2008 01:13PM
By Kerry Murtha and Jennifer Karp
Something rare is coming to Fifth Avenue: a new, six-star hotel. The hotel could have as many as 250 rooms, as well as residential and retail components.
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August 01, 2008 01:22PM
By Sarah Ryley
If the fight over the 421-a tax abatement rules seems like ancient history, guess again.
The new rules enacted by the city and state last year (and bemoaned by many real estate developers) have been in place for just a month. But state legislators are already considering changes that could make many in the industry unhappier.
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July 29, 2008 05:38PM
The Real Deal recently visited the Plaza Hotel, which has
been converted into residential units, condo-hotel rooms and hotel
rooms, for a special Webcast segment.
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July 31, 2008 01:19PM
By Abby Luby
When was the last time you saw a doorman in a rental building in Williamsburg? Probably never.
But that is changing. What is likely to be the first rental in Williamsburg to have a doorman is scheduled to open in September.
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August 01, 2008 12:55PM
By Adam Piore
Most real estate brokers don't show up at cocktail parties with a publicist in tow.
But then again, probably only one has been quoted in the press some 75 times since the beginning of the year.
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August 01, 2008 12:37PM
By Dorn Townsend
For this month's supplement, we check out a bunch of markets across the
country that are actually in good shape.
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August 01, 2008 01:26PM
By Vanessa Weiman
If there is a silver lining to be found in the current slower real
estate market, it lies within the brokerage community, which is
experiencing a kinder, gentler working environment as of late. Many brokers have noted
that interactions with their competitors are noticeably less cutthroat
than during the boom times of the past few years.
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July 30, 2008 07:31PM
By Lauren Elkies
President of Halstead Property since 1999. Ramirez and Clark Halstead founded the residential real estate firm in 1984, and Ramirez was a partner until 2001.
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August 01, 2008 12:53PM
By Candice Reed
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August 01, 2008 12:53PM
By Candice Reed
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July 30, 2008 06:31PM
By Katherine Dykstra
There was a time when one month's rent was enough to pay a broker to close a deal on a rental apartment in Williamsburg. But times are changing.
As more Manhattanites cross the river, brokers in that Brooklyn neighborhood have capitalized on their new clientele's bred-in-Manhattan willingness to shell out cash for finding a prime rental.
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August 01, 2008 12:35PM
By Lauren Elkies
A year ago this month the credit markets erupted, and since then it has
been rough going. While the wheel of fortune always turns -- there will
forever be some real estate players on top while others take hits --
this year many of the stories appear to be related to credit market
woes.
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July 29, 2008 05:56PM
By Marc Ferris
In what some brokers contend is a sign of a softening rental
market, open houses for rentals, once rare, are now proliferating.
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August 01, 2008 01:24PM
By Alison Gregor
The residential real estate market in New York City is showing
clear chinks in its armor. The average Manhattan apartment sales price
in the second quarter fell for the first time since the fall of 2006,
and some analysts expect the bumpy ride to be a rather long one.
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