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...
Harlem sees priciest trade at $22M 10/28/09 From left: 1428 Fifth Avenue and a rendering of a proposed development on the vacant site.
Affordable housing builder L & M Development Partners and a city housing fun...
Boymelgreen RKO Keith's note to sell for less than $20M 10/26/09 A Midtown-based real estate investment firm is in negotiations to take control of the troubled RKO Keith's Flushing Theater from Boymelgreen Developers by the end of the year. V...
Stuy Town ruling impacts dealmaking 10/23/09 Aaron Jungreis, president of the Rosewood Realty Group, and Stuyvesant TownYesterday's court ruling handing down a victory to tenants at the mostly rent-regulated apartment comp...
NYC sees sharp drop in new troubled loans 10/20/09 While commercial real estate experts predict a rise in distressed securitized loans for New York City over the next year, new data shows the number of assets added to the tally ...
Commercial foreclosures and liens up in Manhattan 10/16/09
September brought the steepest rise seen in months in filings by frustrated lenders and claims by contractors on distressed real estate properties in Manhattan, although the n...
Can 11 Times Square hang on? 10/15/09 From the October issue: Like a vertical ghost town, 11 Times Square, the city's largest
speculative office tower, remains entirely unleased more than two years
after breaking ...
Buyers, brokers split on Manhattan office leasing future 10/15/09 While several of the city's top brokers said the leasing market is approaching a floor for the current down cycle, potential office building buyers are preparing for years of fu...
City sees more CMBS property value cuts 10/13/09 As rating agencies have slashed the value of bonds tied to securitized commercial real estate loans nationwide, some loan servicers are taking a harder look at the value of thei...
Deutsche Bank sues Swig for $11M 10/12/09 German-based lender Deutsche Bank is suing to recover $11.3 million in personal loans it gave to developer Kent Swig at the height of the market. In the lawsuit -- which was fil...
CBRE more optimistic than Cushman about commercial market 10/07/09 Cushman & Wakefield COO Joseph HarbertCB Richard Ellis executives gave a more positive view of Manhattan office leasing than uptown rival Cushman & Wakefield, during eac...
Landlords burned by confidence 10/07/09 From the October issue: Despite new glimmers of hope for landlords battered by months of bad
news, tenants with good credit remain firmly in control of the
Manhattan office le...
Youngwoo aims for $2,000 per foot at 70 Pine 10/07/09 70 Pine Street, Young Woo, head of Youngwoo & AssociatesThe developer of 70 Pine Street in the Financial District predicts it will be able to sell residential condominium un...
Newmark takes over leasing at 100 Church St. 10/05/09 Commercial brokerage Newmark Knight Frank has been tapped to take over leasing at the troubled Financial District office building 100 Church Street, an industry source said. SL ...
CMBS rule changes slow to aid real estate 10/05/09 When Washington issued new rules three weeks ago to facilitate the
modification process for troubled securitized loans, some leaders in
New York's commercial real estate indus...
Singapore pays $30M for East Side garage 10/05/09 The Singapore government paid $29.5 million for a 40,000-square-foot
garage building near the United Nations that will be converted to
office space, a broker on the deal said....
Two "Sky Garage" sales tied to Dolce 10/02/09 Domenico Dolce of Dolce & Gabbana and 200 11th AvenueWhile it was widely expected that designer Domenico Dolce of Dolce & Gabbana would buy one penthouse apartment at th...
