Stepping up to fill a lending void 12/02/08 While many commercial banks have dropped out of the mortgage lending business in New York due to the crash of the financial markets, several rival institutions and some nontradi...
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...
New York retailers trim expansion plans amid weak sales 12/01/08 New York-based retailers said they plan to cut back expansion plans and
renegotiate store leases as the economic slowdown has cut into
same-store sales. Tiffany & Co. said...
City coffers shrink as deals slow 11/20/08 From the November issue: The slump in commercial building sales is
threatening to take a sizable bite out of New York City tax revenues
this year, which could force Mayor Mich...
German lender takes 7 World Trade Center space HSBC abandoned 11/19/08 Less than two months after HSBC backed out of a massive lease agreement
at 7 World Trade Center, Silverstein Properties has reached a tentative
agreement on a new lease with G...
Elliman retail partner buys at Manhattan House 11/07/08 Joseph Aquino, executive vice president of retail leasing and sales at Prudential Douglas Elliman, has closed on a $1.48 million apartment at
Manhattan House, the controversial...
Samson offers seller financing on West End Avenue 11/04/08 Samson Management, the owner of 905 West End Avenue, is offering
short-term seller financing to help boost sales at the boutique condo
conversion. The company is temporarily a...
Merry-go-round stops in Kensington 11/03/08 Two years ago, the Windsor Terrace/Kensington section of Brooklyn was one of the brightest spots in the emerging Brooklyn real estate market.
The neighborhood was fast becomi...
Web hits: The month in review 11/03/08 Massey Knakal shrinks agent pool by 25 percent
In the midst of the financial crisis, commercial real estate firm Massey Knakal Realty Services has reduced its number of agents ...
Mark-to-market makes a mess 11/03/08 As Washington regulators and Wall Street investors grapple with frozen credit markets, a fierce debate rages over an accounting method that some critics blame for the near colla...
City coffers shrink as deals slow 11/03/08 The slump in commercial building sales is threatening to take a sizable
bite out of New York City tax revenues this year, which could force
Mayor Michael Bloomberg to make eve...
Manhattan House faces lending woes 10/31/08 The record $1.1 billion Manhattan House conversion on the Upper East
Side has run into resistance from several major commercial banks that
have either refused to finance condo...
Verizon secures $20M in tax credits to stay in Newark 10/29/08 New Jersey awarded its first-ever urban transit hub tax credit to
Verizon New Jersey Inc., under a sale-leaseback agreement with Accordia
Realty Ventures that will keep the ph...
Swig faces $2.8 million in liens at Sheffield57 10/24/08 Developer Kent Swig is facing nearly $2.8 million in mechanic's liens filed against his controversial Sheffield57 condominium conversion, coming just weeks after Swig shut down ...
McSam turns to its partner 10/20/08 From the October issue: Over the past six months, McSam Hotel Group has unloaded a half dozen of its New York development sites to the Magna Hospitality Group, a small hotel inv...
Real estate pros bank on low prices to sell Sunset Park condos 10/15/08 Continuum Development Corp. and Sierra Realty Corp. said that by undercutting prices in a weakened real estate market they can succeed
in launching sales at One Sunset Park, a ...
No real spark from Macklowe resales 10/10/08 From the October issue: As the sell-off of Harry Macklowe's
Midtown portfolio moves into the final phase, the industry is assessing
what impact, if any, it will have on New Yo...
ABT warehouse moves from LIC to NJ 10/08/08 The American Ballet Theatre last week relocated its warehouse
facilities from Long Island City to a 71,000-square-foot space in
Secaucus, N.J., providing a larger and less exp...
Newly formed GSLM closes first deal 10/06/08 GSLM Capital Partners said it completed financing on the proposed $55
million Columbia Hicks apartment complex in Cobble Hill, marking the
first development under GSLM's recen...
