September 01, 2008 03:23PM
The calendar says back to school, and for the real estate industry that means back to business and an end to the summer doldrums. Watch for the end of the month to be marked by closings of spring deals, an influx of homes being listed (or re-listed) and buyers taking out their checkbooks.
But although fall is typically when the market goes on an upswing, this year, buyers are still expected to be hesitant to pull the trigger, and September data is expected to be somewhat off from years past as economic uncertainty lingers.
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September 01, 2008 09:18PM
While it's fairly well known that the market has been showing a decline
in taking rents, the bottom line after price negotiations and
accounting for concessions, the summer months may have brought the
first of a surge in owners marking down the advertised price on spaces.
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September 02, 2008 03:58PM
Condo prices in Manhattan continue to edge up at the top end of the market, but in the outer boroughs it is a different story.
Prices have flattened in most areas; however, a look at the top 10 most expensive condos in the outer boroughs reveals some bright spots.
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September 01, 2008 05:10PM
By Alison Gregor
In "The Subprime Solution: How Today's Global Financial Crisis
Happened and What to Do about It," a book out this month, noted
economist Robert Shiller dissects the current housing-market collapse
and offers suggestions for a broader recovery. He recently took time to
speak with Alison Gregor for The Real Deal.
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September 01, 2008 05:07PM
The Real Deal looks at loan syndication and other ways real estate finance is
reacting to the squeeze on credit and the faltering mortgage market.
First, we investigate some of the macro issues facing the industry,
then we zero in on how these constraints are shaping deals in New York
City.
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September 01, 2008 04:28PM
By Adam Pincus
Back in the days when brokerage was a meet-and-greet business,
broker Edward S. Gordon had a more white-shirt, corporate vision: He
led a generational transformation within the business of office leasing
and sales in New York City, modernizing the "space chucker" mentality
into a sophisticated industry based on Wall Streetâ€"style management and
consulting.
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September 02, 2008 04:34PM
In The Real Deal's Q & A this month, brokers said the Lower East Side and the East Village are drawing those who want to remain in
Manhattan but can't afford prices that other Downtown areas are
commanding. They said average price per square foot, at least on the
Lower East Side, is the lowest south of 96th Street, which is drawing
first-time buyers in particular.
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September 01, 2008 09:26PM
Mort Zuckerman, the perma-tanned media tycoon, his low-key partner Ed Linde and the other green eyeshades at Boston Properties watched placidly from the sidelines as moguls like Harry Macklowe and the folks over at Broadway Partners spent money like overindulged housewives with platinum cards.
Now, with some of the boom's biggest buyers in dire financial straits, Zuckerman and his crew are on the offensive.
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August 30, 2008 04:17PM
In recent years, Robert De Niro has developed a global profile among
foodies through his partnership in the Nobu restaurant chain. Now De Niro and his partners want to leverage their brand by creating Japanese-themed developments with chichi hotels and residences throughout Europe, Asia, the Middle East and Africa, among other
places.
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September 02, 2008 03:47PM
In New York City, the frozen credit markets and subprime fallout are beginning to take a toll on commercial activity.
Manhattan sales volume dropped by nearly 60 percent in the first half of 2008, compared to the same time last year. Meanwhile, as of the end of July, Manhattan leasing activity had fallen more than 10 percent compared to the same period last year.
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August 29, 2008 07:17PM
By Lauren Elkies
Founder of the eponymous commercial real estate firm then called
Julien J. Studley in 1954. Studley sold his shares to younger
associates in 2002 and then founded Studley New Vista Associates, which
manages properties he and his Studley associates own.
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September 02, 2008 03:34PM
By Amir Korangy
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September 02, 2008 03:34PM
By Amir Korangy
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August 30, 2008 04:22PM
By Kerri Linden
Commercial brokers are seeing strong demand for retail condos despite slumping sales of almost every other type of investment property.
Brokers said they consider this type of property a safe harbor for investors, as prices and deals show an increase over last year.
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September 01, 2008 09:22PM
This month, The Real Deal offers a series of stories about
how buyers and sellers in the five boroughs and in the surrounding
suburbs are dealing with one another and with the new financial terrain
a little over a year into the crunch.
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September 01, 2008 10:22PM
By Lauren Elkies
Foreign apartment buyers are disappearing from New York City. It's
not the plot of a science fiction or horror film, but the influx of
foreigners taking advantage of the weak dollar has slowed down as the
dollar has started to rise.
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September 02, 2008 03:43PM
For years there was a buzz about the potential of a residential
boom in the South Bronx, but with the credit crunch making it nearly
impossible for small-scale investors to obtain financing in the area,
any sort of explosion appears to be on hold. Local brokers said that while calls from potential homebuyers have
increased exponentially over the last few years, the neighborhood
they've dubbed SoBro still lacks an inventory of renovated properties
appealing to buyers seeking deals on the fringe.
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