UES mansion sells for $32M 07/08/09 A triple-wide Georgian-style mansion on the Upper East Side sold for $32 million, one third off last fall's listing price of $45 million. The 13-room mansion at 152-156 East 81s...
Battle for control of Beekman, Eastgate hotels 07/08/09 Lenders and investors are feuding over control of the Beekman Tower Hotel (left) and the Eastgate Tower Hotel (right).
Equity investors are feuding with lenders over control ...
Exit provision helps more tenants vacate space 07/07/09
From the July issue: While the downturn has led to cheaper rents
for office tenants, the decline in expenses is clearly not enough to
prevent some companies from going out...
Chinatown hotel and condo plans filed 07/06/09 The city is reviewing plans for a 27-story hotel and condominium tower
designed by architect Peter Poon to be built at 50 Bowery in Chinatown
across from the entrance to the M...
New lender motto: 'Extend and pretend' 07/01/09 Commercial lenders are facing reality — but not all at once. In addition to reluctance to admit they have bad loans on commercial properties, lenders have been trying to a...
This month in real estate history 07/01/09 1983: Top prices for auctioned government-owned parcels
In auctions held a week apart, Financial District properties owned by the federal and city governments sold for record...
Exit provision helps more office tenants vacate space 07/01/09 While the downturn has led to cheaper rents for office tenants, the decline in expenses is clearly not enough to prevent some companies from going out of business and vacating t...
Developers bracing for bankruptcy 07/01/09 In 2006, a young Brooklyn developer envisioned selling 130 units in a building he was about to construct, called the Viridian, in the emerging Brooklyn neighborhood of Greenpoin...
Turtle Bay foreclosure suit on $38M former Lehman loans 07/01/09 A Swedish bank that holds dozens of former Lehman Brothers Holdings
notes is foreclosing on nearly $38 million in loans secured by one of
those properties where developer Alex...
Tax foreclosure looms at famed architect's love nest 07/01/09 A Flatiron District parcel where one of the early 20th century's most important architects, Stanford White, had sexual dalliances with a 16-year-old mistress, is facing a tax li...
Web hits: The month in review 07/01/09 Halstead takes bigger bite out of Connecticut market
In a massive grab for market share reminiscent of the recent real estate boom, Halstead Property has gained five offices an...
REBNY seeks to boost 421-a certificate value 06/30/09 The city is mulling over a proposal from the Real Estate Board of New
York that would increase the value of 421-a negotiable certificates
that are part of an affordable housin...
FiDi's 45 John faces $51M foreclosure suit 06/29/09 Just a week before a looming deadline for the first closing at the
luxury condominium conversion project at 45 John Street in the
Financial District, the lender sued the devel...
Manhattan taking office rents off 40% in 2Q 06/29/09 Manhattan office taking rents have fallen by as much as 40 percent from
the second quarter of 2008 to the same period in 2009, commercial real
estate firm FirstService William...
CBRE's Steve Siegel says bid activity points to market recovery 06/26/09 Left to right: 452 Fifth Avenue, Stephen Siegel and Worldwide PlazaCB Richard Ellis's chairman of global brokerage, Stephen Siegel,
pointed to multiple bidders for Midtown offi...
This month in real estate history 06/26/09 From the June issue: Republican Governor Nelson Rockefeller signed the controversial Urstadt
Law 38 years ago this month. The law limited the city's ability to
regulate rents ...
AXA tower: a good comp at $611 per sf? 06/25/09 With few comparable building sales to price Midtown trophy properties,
an appraisal of the 1.8 million-square-foot 787 Seventh Avenue at $611
per square foot provides the mark...
Office leasing experts debate if NYC at bottom 06/25/09 Two of the top Manhattan office leasing brokers
said rents had further to fall on a panel yesterday, but Newmark Knight Frank CEO Barry
Gosin took a different stance. Robert ...
