Crisis may spawn building sales rise

November 03, 2008 06:38PM By Adam Pincus

Real estate analysts believe developer Harry Macklowe won't be the last to lose a Manhattan trophy tower purchased in the heady days of 2006 and 2007. More

Residential market halts in its tracks

November 03, 2008 04:45PM By Candace Taylor

Wall Street's recent wild volatility has caused the New York City real estate market to freeze in its tracks, with sales volume screeching to a halt and deals falling apart as potential buyers have watched their net worth evaporate. More

Fourth Avenue on slippery Slope

November 03, 2008 06:58PM By Gabby Warshawer

Park Slope's Fourth Avenue has been billed as the next frontier of gentrification in Brooklyn. However, because of the credit crunch, a number of buildings that were initially planned as condos will now come to market as rentals. The frenzied pace of construction of new projects should also slow. More

Brokers focus on West Wing

November 03, 2008 05:11PM By Candace Taylor

The New York City real estate industry is generally assumed to focus more on the West Village than on the West Wing. Yet in recent weeks, real estate brokers here could have passed for TV pundits with their constant talk of the presidential race. More

High-end U.S. markets show cracks in the foundation

November 03, 2008 05:38PM By The Real Deal Staff

This month, The Real Deal looks at the nation's most exclusive zip codes to see how high-end markets besides Manhattan are faring. While these areas are more insulated than their less affluent counterparts, many markets are beginning to see big cracks in their foundations with prices and sales volume declining. More

15 CPW recalls more majestic times

November 03, 2008 04:34PM By James Gardner

By now, anyone interested in the architecture of New York City will be familiar with 15 Central Park West, one of the very few developments, and surely the largest, to be built on that illustrious avenue in the past half century. And yet, what is architecturally the best part of the building, the courtyards on 61st and 62nd streets between Broadway and the park, has only just been completed. More

Brokers advise tenants to sit tight as rents drop

November 03, 2008 02:43PM By Adam Pincus

Lease valuations were unpredictable and deals were few last month while brokers cautioned tenants to hold off on signing any unnecessary rental contracts as prices continued to drop, real estate experts said.
More

The downward plunge

November 03, 2008 05:31PM By Candace Taylor

This month, in a series of stories, The Real Deal examines the next chapter in New York City real estate. Wall Street's wild volatility last month froze the city's residential market. Brokers said the economic seesawing is paralyzing buyers and sellers. Mortgage lenders have also clamped down further on buyers, though more buyers are heading to all-cash deals. Many are wondering: Could the dark days of the late 1980s and early 1990s return? More

Chelsea Enclave makes a deal with soul

November 03, 2008 01:37PM By Steve Cutler

The Chelsea Enclave, a luxury apartment building under construction on the edge of property owned by the General Theological Seminary of the Episcopal Church in West Chelsea negotiated long and hard to make sure the new construction on their land would be something it could live with. More

Holding up funds for construction

November 03, 2008 06:54PM By Adam Pincus

A growing number of developers with projects under way in Manhattan are being confronted by lenders who are either unwilling or unable to continue funding. The Lehman Brothers bankruptcy, which was filed in mid-September, has -- not surprisingly -- put several construction projects in the city on hold. But other lenders are also putting pressure on developers to provide more equity in projects as a way to improve the financial profile of their struggling banks, real estate attorneys said. More

The Closing: Paul J. Massey Jr.

November 03, 2008 03:18PM By Lauren Elkies

Massey and partner Robert Knakal founded the commercial real estate firm 20 years ago this month. The brokerage, which has 67 agents in three offices and is slated to open a fourth office in New Jersey, has created a niche for itself, focusing on mid-size building sales and operating on a territory system. More

Less cavalier in Beverly Hills

November 03, 2008 05:58PM By Maggie Overfelt

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Less cavalier in Beverly Hills

November 03, 2008 05:58PM By Maggie Overfelt

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New look for Lafayette Street

November 03, 2008 02:39PM By Jovana Rizzo

While Lafayette Street seems like two different worlds above and below Canal Street, brokers say that could all be about to change. That is, if economic conditions cooperate. A luxury condo is coming to 50 Franklin Street, off of Lafayette, and one block away, new stores and residents could be on the way, thanks to a rezoning approved in July. More

Ominous signs for new condos

November 03, 2008 06:49PM By Candace Taylor

Despite buyers' desire to purchase, banks are increasingly unwilling to write mortgages for some new buildings, especially those that have sold only a small percentage of their units. More

City coffers shrink as deals slow

November 03, 2008 01:43PM By David Jones

The slump in commercial building sales is threatening to take a sizable bite out of New York City tax revenues this year, which could force Mayor Michael Bloomberg to make even more drastic choices than he already has to keep the city budget balanced. More

Will Tishman Speyer buckle?

November 03, 2008 06:33PM By Adam Piore

Few companies have looked down from as lofty a perch as Tishman Speyer, the venerable blue-chip firm that holds stakes in several New York landmarks such as Rockefeller Center and the Chrysler Building. Tishman expanded its empire even wider during the boom, but now it appears that even this company is paying a price for success. More

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