The Real Deal New York

Watching Wall Street

Bracing for real estate hit after job losses and Bear Stearns

April 01, 2008
By James Kelly

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. See what brokers had to say about the effects of layoffs on the housing market. Also, industry experts discuss how injured investment banks have rethought their major office development projects and how heavyweight building sales can continue with sources of those loans drying up.

Gauging the repercussions of Bear Stearns’ meltdown

Big banks scrap tower plans

Investment banks limp away


Smaller lenders fill big shoes

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