Openings and closings: Le Magnifique open, Zutto seized 05/01/09 From left: Ristorante DeGrezia, Manos Papaya, Tivoli Home
On the Upper East Side, Le Magnifique has opened at 1022A Lexington Avenue. Joseph DeGrezia, owner of Ristorante DeGre...
Gap financing to the rescue 04/30/09 Real estate experts are speculating that some form of gap financing may be integral to the recovery of the commercial mortgage-backed securities (CMBS) market, and ultimately th...
Web hits: The month in review 03/31/09 Corcoran shrinks space at Madison Avenue HQ
The Corcoran Group is downsizing its corporate headquarters at 660 Madison Avenue. The brokerage behemoth occupies the entire 11th f...
Students find better deals off campus 03/09/09
Mark Lynch of Core spoke to students about the rental market at an NYU dorm
As the rental market slows and rents drop, more Manhattan university
students are findi...
Biggest price cut of the day 03/03/09 The unit to get the biggest price cut today is a five-bedroom,
four-bath condo at 500 Park Avenue, at
59th Street, according to Streeteasy.com. The price of apartment 2425B
w...
Time Equities abandons two Brooklyn waterfront projects 02/25/09
Francis Greenburger said Time Equities is canceling its Sunset Park plans.
Time Equities has cast aside plans to purchase and rehabilitate two
major government-own...
City's luxury units sitting on the market 02/23/09 Dolly Lenz, vice chairman
of Prudential Douglas Elliman, says that "the $5 million-and-above
market is inventory-rich and buyer-poor." According to Streeteasy.com,
there are ...
Goldman Sachs buys stake in CBRE 02/09/09 A unit of Goldman Sachs bought an 8.7 percent stake of real estate
services company CB Richard Ellis through a stock purchase in the final
quarter of 2008. According to docume...
New ventures 01/30/09 New commercial brokerage launches
Bob Savitt, former president of the Kaufman Organization's brokerage arm, is launching Savitt Partners, the real estate firm he began assembli...
This Week in Comments 01/02/09 Developer hopes food is the way to a broker's heart(Thank God someone is feeding the homeless.)
Crystal ball warns of brutal year 12/31/08 If there is one glaring conclusion from 2008 that everyone can agree on, it's that making predictions about New York City real estate is often an exercise in futility. But with ...
New residential developments 12/30/08 Construction update
Upper West Side
Linden78
230 West 78th Street
Urban Residential's 20-story building has topped off. Most of the 35 units have at least three bedrooms, ...
Coach closes West Side HQ deal for $126M 12/19/08 Accessories designer Coach closed on the purchase of its 12-story West
Side corporate headquarters at 516 West 34th Street at 10th Avenue for
$1.7 million less than the contra...
Sephora to open flagship in Times Square 12/08/08 Cosmetics company Sephora has signed a lease for 13,000 square feet of
space at the Ernst & Young building, at 5 Times Square, between
41st and 42nd streets, the Post repo...
