Development in distress 12/04/08 From the December issue: Only a few short months ago, new developments were the most coveted and spectacularly expensive sector of the residential real estate market. Five-thous...
Riverton owner hopes its share won't make it to auction 12/03/08 Stellar Management plans to continue managing Harlem's troubled
Riverton Houses rental complex for the foreseeable future, a
spokesperson for the company said, despite its fin...
New development vs. resales: round one 12/02/08 During the unprecedented condo construction boom of the past decade, New Yorkers grew accustomed to new condos selling out in a flash at record-high prices, such as hedge fund ...
Bad market gets worse 12/02/08 The torrent of bad news for New York City's housing market continued in November as layoffs eviscerated the city's work force, the national economy continued its downward slide ...
Is the city all that different? 12/02/08 While it's clear that New Yorkers are seeing the effects of the downturn, there's a widespread belief that it will be milder here than in other cities -- that the flood of new i...
Development in distress 12/02/08 Only a few short months ago, new developments were the most coveted and
spectacularly expensive sector of the residential real estate market.
But as the credit crisis gets mor...
The luck of Gluck 12/02/08 Larry Gluck -- one of the city's most successful and experienced landlords -- shocked the real estate world in August by informing his lenders that he was about to default on a ...
Unraveling New York's new development inventory mystery 12/01/08 As New York City reels from the crisis on Wall Street, the real estate industry has taken some comfort in the fact that New York's infamously tight market has avoided the massiv...
Developers staking out new selling strategies 12/01/08 Andrew Barrocas, the CEO of the Real Estate Group New York, recently brokered nothing short of a real estate miracle. In the midst of the credit crunch, his client purchased a n...
Seven units sell swiftly in Theatre Condo 11/26/08 The days of selling out a new condo project may not be as far gone as we think. Walter & Samuels recently announced that Phase 1 of its Theatre
Condominium, located in the ...
Q & A with Hamptons broker Gary DePersia 11/26/08 It's been a tough year for Hamptons real estate. Average sales
prices for homes in the Hamptons and the North Fork plummeted 26.8
percent in the third quarter from the same pe...
Elliman's Bracha and Roth-Sporn divorce 11/24/08 After a short-lived partnership, Prudential Douglas Elliman's Bracha and Roth-Sporn groups have announced a split. The third- and fifth-highest grossing sales teams at Prudentia...
All cash deals: Green is the new black 11/24/08 From the November issue: In real estate, the saying goes, cash is
king. But in New York City, that became truer than ever last month as
the Dow Jones started freefalling. As i...
Investment firm head buys $10 million Park Avenue duplex 11/21/08 Gary M. Talarico, a managing director at private equity firm Sun
Capital Partners, and his wife Linda Filardi spent $10 million on a
duplex in a prewar cooperative on the Uppe...
How about a little wine with that condo? 11/18/08 New Tribeca development 34 Leonard is wining and dining prospective buyers -- literally. Roger Dagorn, the master sommelier at Chanterelle Restaurant in Tribeca, has been named ...
Harlem recording studio unveils renovated digs 11/14/08 Recording studio and production house StadiumRed is getting set to
reveal its newly renovated Harlem digs, in the former studio of
Pulitzer Prize-winning jazz musician Ornette...
Residential market halts in its tracks 11/13/08 From the November issue: Wall Street's recent wild volatility
has caused the New York City real estate market to freeze in its
tracks, with sales volume screeching to a halt a...
