Foreclosure sought at Alexico East Side project 08/24/09 From left: A rendering of the Oliver's rooftop, images of the stalled projectBank of America filed to foreclose on two loans totaling more than $30
million provided for the dev...
Fund manager pays $25M for Fuld co-op 08/20/09 Former Lehman Brothers CEO Dick Fuld, 640 Park AvenueFormer Lehman Brothers CEO Dick Fuld sold his 16-room cooperative apartment at 640 Park Avenue at 66th Street for $25.87 mil...
Legal documents can hurt sales values: experts 08/13/09 While the chasm between buyers and sellers continues to be a central reason cited for the dearth of distressed sales, another factor coming to light is the quality of the underl...
Sapir's 100 Church Street hit with $3M in liens 08/12/09 The Sapir Organization's office rehabilitation project at 100 Church
Street has financial challenges that extend beyond the scuttled lease
deal for the Claremont School that l...
Foreclosure looms for $45M loan on hotel conversion 08/11/09 A California-based bank has filed to foreclose on a $45.7 million
acquisition loan made to a partnership that includes developers Jacob
Chetrit and Charles Dayan, who planned ...
Manhattan leasing velocity best in 18 months, CBRE says 08/10/09 Midtown leasing velocity beat its five-year average for the first time
in 18 months while the availability rate of office space improved slightly for only the
second time sinc...
$100-per-foot leases drop 80 percent 08/10/09 Buildings where deals have been done for over $100 this year. From left: 9 West 57th Street, 152 West 57th Street and 1095 Avenue of the Americas (Source: PropertyShark)
Alth...
Commercial landlords lure brokers with new incentives 08/10/09 From the August issue: Even as the Manhattan office leasing market starts to show some signs
of stability, velocity remains far below normal. To deal with the
pressure of the ...
Failing loans surge in NY's regional banks 08/10/09 From the August issue: Over the last two years, the dollar volume of distressed commercial
real estate loans at a sampling of New York-based community banks has
risen eightfol...
Activity flattens out 08/06/09 From the August issue: The sharp rise in leasing activity in June was a welcome shift from the
anemic figures of prior months, but early reports from last month
showed that th...
Court says Macklowe owes former exec $6.5M 08/06/09 Developer Harry Macklowe must pay former top Macklowe Properties executive Warren Cole $6.5 million resulting from a breach of contract lawsuit filed in the fall of 1999. Macklo...
Delinquencies fall for NYC-area CMBS loans 08/04/09 The dollar value of securitized commercial loans 30 days or more
delinquent in the greater New York City metropolitan area fell 17
percent in July compared to a month earlier,...
Golf star Vijay Singh buys $5M Lincoln Square penthouse 08/04/09 Golfer Vijay Singh (left) has purchased a penthouse at 555 West 59th Street
Professional golfer Vijay Singh and his wife Ardena Seth have purchased
a $5.675 million penthouse ...
Activity flattens out 07/31/09 The sharp rise in leasing activity in June was a welcome shift from the anemic figures of prior months, but early reports from last month showed that the surge has leveled off, ...
Psst! Wanna fifty? 07/31/09 Even as the Manhattan office leasing market starts to show some signs
of stability, velocity remains far below normal. To deal with the
pressure of the weak market, some landl...
Failing loans surge in New York's regional banks 07/31/09 Over the last two years, the dollar volume of distressed commercial
real estate loans at a sampling of New York-based community banks has
risen eightfold. That's only the begi...
This month in real estate history 07/31/09 1975: Foreclosure begins on Chrysler Building
The lender of a $12.7 million second mortgage began foreclosure proceedings on the Art Deco Chrysler Building 34 years ago this mo...
