Newly restructured Apthorp team seeks new plan of attack 01/19/09 Just days after settling a very public legal dispute, the owners of the
Apthorp are working furiously on a new plan to restructure pricing at
the struggling condominium and ar...
Apthorp partners come to terms 01/17/09 New York real estate investor Maurice Mann and Israeli billionaire
Lev
Leviev reached an agreement on Friday under which Mann will retain
his stake in the landmark Apthorp at...
Mann to step down at Apthorp 01/12/09 Facing litigation from his main investment partner and a potential
foreclosure suit by senior lenders, Maurice Mann has agreed to resign
as managing partner of the landmark Ap...
Extell plows ahead 01/05/09 From the January issue: Three years ago, an up-and-coming real
estate firm called Extell Development Company was denied the right to
develop the controversial Atlantic Yards s...
Bank backing multi-family buildings gets nod for $600M in aid 01/02/09 New York Community Bancorp said it received preliminary approval for
$596 million in financial assistance under the U.S. Treasury
Department's Troubled Asset Relief Program. T...
Review of a regrettable year 12/31/08 Until recently, it seemed like New York City's real estate market was the exception to the rule. Unlike the rest of the U.S., what went up here showed few signs of going down, a...
Extell plows ahead 12/31/08 While the credit crisis halted the $6 billion Atlantic Yards project rival Forest City Ratner snatched from it three years ago, Extell Development Company has emerged as the mos...
Manhattan office market: Thankful holidays are over 12/31/08
Commercial leasing activity was thin in the typically slow month of December, as landlords held off listings until the New Year and potential renters waited for better deals....
Landlords feel the heat from banks 12/31/08 As the bottom begins to drop out of the Manhattan office market, the most compelling series of negotiations will not necessarily be between commercial landlords and their tenant...
Leviev planned to market Apthorp for $552M 12/31/08 Israeli real estate mogul Lev Leviev floated a plan in November to
put the struggling Apthorp condominium conversion up for sale for more than $550
million, according to court...
Istar files foreclosure suit against Tessler and Chetrit 12/29/08 Istar FM Loans has filed a foreclosure suit in New York State Supreme
Court against developers Yitzchak Tessler and Meyer and Jacob Chetrit
after the investors allegedly defau...
Schumer asked to review new Fannie guidelines 12/24/08 Earlier this month, Brooklyn Borough President Marty Markowitz urged Sen. Charles Schumer to investigate plans by Fannie Mae to raise the pre-sale requirements for mortgage loan...
Deutsche Bank slashes price tag for two Macklowe buildings 12/09/08 As pressure mounts to close the books on the Harry Macklowe foreclosure
saga, Deutsche Bank has lowered the price tag for 1540 Broadway and
Worldwide Plaza to $800 million, ac...
50 West Street completion date delayed 12/03/08 Time Equities said its $600 million hotel and condominium project at 50
West Street could be delayed until 2012 as the market for new
construction financing in New York has al...
Landlords score in Manhattan House and Sheffield57 cases 12/03/08 In a major victory for residential landlords, a New York State appeals
court late last month overturned two controversial rulings that
prevented the eviction of market-rate te...
Web hits: The month in review 12/02/08 Dramatic bonus cuts could devastate luxury housing market New York's troubled residential sales market could face even more peril than expected in 2009, as some of Wall Street's...
Commercial landlords lose leverage 12/02/08 The tide is turning in the commercial office market, as a battered financial sector is expected to shift the balance of power away from New York landlords by forcing open millio...
Tenants say 'see you later' 12/02/08 The near-meltdown of the banking system has forced several major lenders, hedge funds and other companies to reconsider newly signed office leases in prime Manhattan locations &...
