Michael Stoler - Office landlords face reality 02/28/09 Now that we're in the worst business cycle since the Great Depression, a flood of space coming on the market is shaking New York City commercial landlords out of their state of ...
Levy sued to block Anglo foreclosure 02/27/09 Developer Yair Levy filed suit against Anglo Irish Bank seeking to
block the lender from foreclosing on Rector Square, his struggling
condominium in Battery Park City, accordi...
Leviev wins control of 20 Pine 02/27/09 Facing an open revolt and potential legal action from homeowners,
billionaire developer Lev Leviev has wrested control of his struggling
20 Pine condominium in the Financial D...
Veteran trust attorney named receiver at Rector Square 02/25/09 A New York State Supreme Court judge last night issued an order
naming veteran estate and trust attorney Michael Miller as the
receiver in the foreclosure case against Rector ...
Bankruptcy not a safe haven 02/24/09 From the February issue: During the last major real estate
downturn, in the early 1990s, New York developers frequently used
bankruptcy filings to shield troubled assets from ...
Eyeing Madoff's homes 02/23/09 From the February issue: With Bernie Madoff in the crosshairs of
federal prosecutors for his alleged $50 billion Ponzi scheme, real
estate insiders are not only speculating ab...
Anglo Irish files to foreclose on Rector Sq. 02/13/09 Weeks after shutting down the sales office and halting construction at
Rector Square, developer Yair Levy has been sued by Anglo Irish Bank,
which is looking to foreclose on $...
Tick tock for Leviev 02/12/09 From the February issue: In July 2008, Lev Leviev's Africa
Israel Investments entered a deal with Versace to convert the landmark
Clock Tower building on Madison Avenue into l...
For office landlords, harder to tell who's healthy 02/02/09 Until about 18 months ago, New York City office building owners mostly didn't have to worry about their tenants' ability to pay rent. Now the picture is different. Pillars of th...
Tick tock for Leviev 02/02/09 In July 2008, Lev Leviev's Africa Israel Investments entered a deal with Versace to convert the landmark Clock Tower building on Madison Avenue into luxury condominiums, a proje...
Eyeing Madoff's homes 02/01/09 With Bernie Madoff in the crosshairs of federal prosecutors for his alleged $50 billion Ponzi scheme, real estate insiders are not only speculating about his fate as a free man,...
Bankruptcy not a safe haven 02/01/09 During the last major real estate downturn, in the early 1990s, New York developers frequently used bankruptcy filings to shield troubled assets from foreclosure. This time arou...
Lenders give Apthorp one week extension on business plan 01/30/09 Anglo Irish Bank and Area Property Partners have extended the
deadline by one week for the new management team at the Apthorp
condominium to come up with a revised business pl...
Web hits: The month in review 01/30/09 The name of the high-end game: extreme apartment price cuts
What goes up must come down. Sellers who once jockeyed for the highest sales prices are now struggling to outdo each...
Elliman canned from Manhattan House 01/28/09 O'Connor Capital Partners has ousted Prudential Douglas Elliman as the
exclusive broker at Manhattan House, the landmark Upper East Side
condominium conversion that has strugg...
