Costco, Target, Best Buy, oh my! 11/17/09
A number of regional, national and international retailers are set to open first outposts in New York City. Last week, Costco, the largest membership warehouse club in the...
Non-profit development a bright spot for building 10/28/09 Construction of office buildings and residential condominiums may be on hold in New York City. But new development continues at a rapid pace for New York City’s nonprofit organi...
Number of new school seats in two-year period marks record high 10/20/09 September marked the opening of the public school system in New York City, which included 23 new school buildings with more than 13,000 seats. The new construction, along with 1...
Michael Stoler -- Pension fund winners turn into losers 09/30/09 Imagine, just a few years ago, public pension funds were among the
major beneficiaries of the record sales of commercial and residential
real estate. In 2007, some of the nati...
Waiting for Godot 09/22/09 I don't want to sound like an undertaker, yet for the past eight weeks
on Friday evenings when I receive an e-mail from the Federal Deposit
Insurance Corporation, I learn tha...
Banks make it nearly impossible to obtain $8,000 tax credit 09/14/09 November 30 is just around the corner, when a first-time homebuyer must
close on the purchase of a residence to qualify for the $8,000 tax
credit. The tax-credit law requires ...
Michael Stoler -- A return to lending 09/01/09 Banks, insurance companies and government service organizations plan to provide financing for commercial real estate in the fall, according to real estate lenders in the tri-sta...
Retailers seize low rent opportunities in NYC 09/01/09 If you are a national or international retailer, it is your objective to operate a retail store in New York City, with Manhattan remaining the prize location. And in the down ma...
Office tenant is king and in the driver’s seat 08/25/09
Each and every day, the press provides information on companies leasing
office space in Manhattan. The articles provide the asking rent for
space, but fail to provide the re...
Landlords of jewelers take brunt of recession 08/11/09 Even though the stock market is rising, national and local landlords are bearing the brunt of the recession, especially when the tenants are jewelry retailers. A National Jewele...
Regulators shut down local banks 08/04/09 The big question on the minds of federal regulators is: Which is the next bank to fail? The second question is whether many of the banks which have failed were
closed due to re...
Michael Stoler - What happened to Eighth Avenue? 07/31/09 The stretch of Eighth Avenue between 40th and 56th streets just 18 months ago was a mecca of residential and commercial activity, fetching prices of $400 to $450 per buildable s...
First NYC ground-up time share hits market 07/28/09 Earlier this month, Manhattan welcomed its newest time share vacation club: West 57th Street by Hilton Club, located at 104 West 57th Street between Sixth and Seventh avenues. T...
Hotel market weak as projects get canceled 07/21/09 The global recession and the credit crisis are having an effect on new
hotel construction throughout the U.S., especially in New York City.
Total projects under construction i...
