Downtown office market holding up better ---- for now 06/01/09 The Downtown office market, a hot topic at a major summit held last
month on the World Trade Center site, has held up better than the other
two Manhattan markets in the curren...
LeFrak heiress loses 16% on new condo sale 05/29/09 The daughter of the late Queens real estate tycoon Samuel LeFrak sold an Upper East Side two-bedroom condominium for a loss after owning the apartment for less than half a year....
Web hits: The month in review 05/29/09 AG forces Sheffield57 to suspend sales
Sheffield57 developer Kent Swig was forced to halt sales after state regulators notified the sponsor that the offering plan at the troubl...
Bronx homes tied to $10M mortgage fraud 05/28/09 Authorities filed indictments in a $10 million mortgage fraud case
involving two allegedly bogus sales in the Bronx and numerous
additional transactions in suburban New York, ...
Nadler comes down on TARP at hearing 05/28/09 Rep. Carolyn Maloney and Rep. Jerrold Nadler attended the congressional hearing todayNew York City Rep. Jerrold Nadler criticized the federal Troubled Asset
Relief Program at a...
City takes control of Hunters Point South land 05/27/09 Hunter's Point (Source: NYC Economic Development Corp.)
The city took possession of 30 acres of western Queens riverfront
property this month where it is creating plans to bui...
This month in real estate history 05/27/09 1971: Urstadt Law gives rent regulation powers to state
Republican Governor Nelson Rockefeller signed the controversial Urstadt Law 38 years ago this month. The law limited the...
Stanhope apartment price falls 45% 05/27/09 A full-floor apartment at Extell Development's conversion of the former
Stanhope Hotel at 995 Fifth Avenue into luxury residences sold for $17
million, a savings of 45 percent...
62% hike in filing fees for large projects 05/26/09 The city's Department of City Planning is proposing charging a steep
increase in filing fees that would add nearly $200,000 to an
application for some of the largest projects ...
This month in real estate history 05/26/09 From the May issue: 1970: Bomb rocks World Trade Center construction site: An early
morning blast ripped a two-foot wide hole into the bottom of an office
trailer at the const...
Sales price-per-foot halved at Plaza 05/22/09 A second-floor duplex at the Plaza Hotel Residences sold for $2,751 per
square foot, about half the price that similarly sized units were
closing for last year. The three-bedr...
Former Corcoran Sunshine sales director sues brokerage 05/22/09 Former Corcoran sales director suing for commissions from Five Franklin, the Avery and Linden78
A former sales director for Corcoran Sunshine Marketing Group says she
has been...
NJ condo buyers sue LeFrak over noise 05/20/09 Recent buyers of a $650,000 two-bedroom condominium unit in a new
LeFrak Organization residential tower in Jersey City say a powerful
noise emanating from a neighboring commut...
Residential evictions surge in Queens 05/20/09 The number of residential evictions in Queens rose by more than a
quarter last year while the volume was flat or decreased in other
boroughs, according to the most current cit...
Manhattan office leasing volume lowest since December 05/19/09 Law firm Latham & Watkins put 183,000 square feet of sublease space back on the market at 885 Third Avenue (left); financial firms Citigroup and Legg Mason returned 194,000 ...
Jean Nouvel tower grows by seven stories 05/19/09 Jean Nouvel and renderings of 53 West 53rd Street
Developers of a Jean Nouvel-designed skyscraper adjacent to the Museum
of Modern Art have applied to build a tower seven stor...
Baruch Singer defaults on multi-million dollar Brooklyn loan 05/18/09 Baruch Singer (Source: Jennifer Weisbord, Splashnewsonline.com) and the Greenpoint Pencil Factory
A lender to controversial landlord Baruch Singer is seeking the
repayment of ...
Liebman says 30% cuts make sales 05/15/09 Left to right: Jared Kushner, Tom Acitelli, Ivanka Trump, Pamela Liebman, Dottie Herman, Jonathan Miller (Source: Dan Marino)
Residential apartment buyers want prices to be nea...
