Improvement seen for Manhattan leasing 09/10/09 Two new Manhattan commercial leasing reports (see complete reports after the jump) covering August indicate there is some stability in the office market. But it will likely be a...
Three Cushman power brokers move to Grubb & Ellis 09/09/09 Three middle-market sales pros from the capital markets group of
full-service commercial firm Cushman & Wakefield have moved to the
New York office of brokerage Grubb &...
Office leasing volume falls in August, report says 09/09/09 Following a two-month rally in office leasing volume, the number of square feet leased in August fell by half, according to new data in a monthly report (see report after the ju...
Developer sues for $20M at stalled Meatpacking rehab 09/04/09
A masonry wall still stands where a plate-glass retail facade was planned to debut in July at 344-46 West 14th Street
The developer rehabilitating a Meatpacking District apar...
Office leasing sees Cash for Clunkers-type spike 09/04/09 From the September issue: Strong leasing velocity is beginning to remove the fear that the Manhattan leasing market will go into freefall, as landlords continue to provide aggre...
George Comfort renegotiating $160M loan 09/04/09 George Comfort & Sons, the firm that made the largest office investment purchase this year when it bought World Wide Plaza for $590 million, is 30 days delinquent on a $160 ...
Massey Knakal partner dispute sent to arbitration 09/02/09 Broker Timothy King (left) is suing Paul Massey's firm Massey KnakalA lawsuit filed last year by a minority partner of the Brooklyn office of Massey Knakal Realty Services was o...
Web hits: The month in review 09/01/09 Fortress buys Sheffield57 at auction for $20M
Following two months of legal challenges and financial turmoil, Fortress Investment Group acquired the controversial Sheffield57 c...
Real estate bigwigs get political 09/01/09 Developers such as Lloyd Goldman, the Chetrit family and commercial broker Robert Knakal have recently opened their wallets to candidates in the citywide race for comptroller.
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Borrowers play chicken with lenders 09/01/09 With dwindling cash reserves, some commercial real estate borrowers in New York have resorted to aggressive tactics, like withholding payments or paying late, to get their lende...
This month in real estate history 09/01/09 1960: Pan Am signs city's largest lease at 200 Park Avenue
The international passenger airline Pan American Airways signed Manhattan's largest office lease to date, taking 613,...
Office leasing sees Cash for Clunkers-type spike 09/01/09 Strong leasing velocity is beginning to remove the fear that the Manhattan leasing market will go into freefall, as landlords continue to provide aggressive incentives -- such a...
TALF financing may elude NYC 08/31/09 Ackman-Ziff's Russell Schildkraut (left) and CBRE's Enoch LawrenceDespite the recent extension of the deadlines for the federal Term Asset-Backed Securities Loan Facility, or TA...
Japanese firm plans largest borough hotel 08/28/09 Despite the weak hospitality market, a Japanese hotel company is moving ahead with plans to build a 699-unit hotel across the street from the Citibank tower in Long Island City,...
Molly Shannon sells Chelsea condo for $2.6M 08/27/09 Actress Molly Shannon, 66 Ninth Avenue (Building photo source: PropertyShark.com)Former "Saturday Night Live" cast member Molly Shannon sold her 1,836-square-foot condominium in...
Madison Avenue retail tells mixed story 08/27/09 Pedestrians strolling down Madison Avenue this summer are confronted by
two competing narratives for the economic health of the high-end retail
zone on the Upper East Side: la...
Carriage House faces $20M in lender suits 08/27/09 The developer of a troubled luxury condominium conversion project in Chelsea is facing lawsuits from two lenders for a total of roughly $20 million. Flatiron District-based Broa...
Private equity firm takes 10K square feet in Plaza District 08/24/09 A growing private equity firm moved to its third location in four years to
take nearly 10,000 square feet of sublease space in a Paramount Group
Plaza District office tower at...
