Property Shark moves into Costar territory 11/11/09 The six-year-old online real estate data firm PropertyShark.com is opening a new front in the commercial listing wars by publishing free local retail and office listings, in a d...
Midtown vacancy rate at 15-year high: Colliers 11/10/09 Richard Bernstein, vice chairman at Colliers ABR
The vacancy rate for Midtown office buildings hit its highest level in
more than 15 years last month, fueled in part by severa...
BlackRock sells UWS building for $7M loss 11/06/09 A BlackRock investment fund sold an 81-unit apartment building on the Upper West Side at 10 West 74th Street for $38 million, or $7 million below its purchase price in 2006. The...
$62M loan at UES Marriott in default 11/05/09 Marriott at 410 East 92nd Street is owned by an affiliate of Robert Gladstone's Madison Equities (Gladstone photo source: GreenPearl)An Upper East Side Marriott Courtyard hotel ...
Going after borrowers gets personal 11/05/09 From left to right: Kent Swig, Yair Levy, Harry Macklowe and Aby Rosen could be personally liable to lenders.From the November issue: Contrary to popular belief, commercial lend...
Chinese developer kicks tires in NYC 11/04/09 Dai Zhikang, chairman of Shanghai Zendai Investment GroupThe young founder of a massive real estate development firm based in Shanghai, China, is visiting New York City this wee...
Linda Stein's daughters sue Elliman in mother's murder 11/04/09 Linda Stein and her alleged killer, Natavia LoweryThe two daughters of murdered Prudential Douglas Elliman broker Linda Stein claim the brokerage was negligent in hiring the wom...
Going after borrowers gets personal 10/30/09 Contrary to popular belief, commercial lenders did not throw out all of their standards in the recent cycle of easy credit.
When developer Aby Rosen structured his $133 millio...
Real estate's bright (and not so bright) ideas 10/30/09 New York's real estate market is at something of a crossroad. For more
than a year now, the industry has been dealing with the fallout from
Wall Street and the credit crisis, ...
Lenders pick favorites when deciding whether to foreclose 10/29/09 From left: Whitney Wilcox, Isaac Zion, Howard Nottingham, Jay Koster, Steven Koppel, at last night's REBNY meeting
Lenders mulling which borrowers to chase into foreclosure w...
Web hits: The month in review 10/28/09 Developer Youngwoo aims for $2,000 psf at 70 Pine
The developer of 70 Pine Street in the Financial District predicts it will be able to sell residential condominium units in th...
This month in real estate history 10/28/09 A New York jury ordered developer Sheldon Solow to pay $2.1 million to commercial brokerage firm Williams Real Estate in what was the city’s largest judgment in a lease commissi...