Investor interest expected for Cabrini assets 07/14/09 Last Thursday, Gramercy Park's Cabrini Medical Center filed for Chapter 11 bankruptcy protection, leaving a valuable asset for the taking. The medical center closed its doors Ma...
Land for development: no buyers, no sellers and no financiers 07/07/09 I still remember a day that seems so long ago (it was only 18 months
ago) when every piece of developable land for a residential condominium
or rental, hotel or office buildin...
Michael Stoler -- College dorms a bright spot for builders 07/01/09 As the unemployment rate soars —- the latest data available from the U.S. Bureau of Labor Statistics puts the May unemployment rate at 9.4 percent — enrollment in co...
Retail rents drop, stores lease new space 06/30/09 The month of June is the time when nearly every department and
specialty store offers markdowns on the prices of merchandise. Brooks
Brothers, Saks Fifth Avenue, Thomas Pink, ...
The flavor of the year: default mortgage notes 06/16/09 Baskin Robbins is known for having 31 flavors of ice cream. This month,
the "Flavor of the Month" is "Coconut Grove" while last
month the flavor was "Purely Parfait." In the w...
Lending rules now more rooted in reality 06/09/09 The rules of the game have changed for an investor to obtain mortgage
financing, according to the majority of the 12 lenders who participated
at the New York Real Estate Summi...
New Jersey office market is anemic 06/02/09
If you think that the commercial leasing velocity has slowed down in
Manhattan, all you have to do is look across the Hudson River to New
Jersey and see an office leasing ma...
Michael Stoler -- Big changes since AIG, Bear Stearns 06/01/09 In the boom years of 2006 to 2007, investment bankers and financial
services firms were making the big bucks. Any way you look at it, the
numbers were fat, with big bonuses, h...
Residential trends vary by nabe, panelists say 05/28/09 Clockwise from left: Joseph Moinian, Sam Chandan, David Von Spreckelsen, Robert Levine, Jeffrey Levine and David Lowenfeld spoke at the New York Real Estate Summit yesterday.
D...
Light at end of tunnel coming to hotels 05/19/09
After four months of weakness in hotel occupancy, the outlook is getting brighter for the local hospitality industry. According to Smith Travel Research, the U.S. hotel indust...
Commercial real estate lending standards tighten, but look up 05/12/09
Acquiring credit has been tough for a while with credit standards for
commercial real estate loans tightening for 14 consecutive quarters,
according to the Board of Governor...
Michael Stoler - Strong retail tenants win round one 04/30/09 The bell has rung and tenants are coming out swinging. A number of
strong retail tenants are taking advantage of the recession by seizing
the opportunity to secure long-term l...
Medical office sector -- a healthy market 04/29/09
At a time when the value of commercial real estate is
decreasing along with investor interest, one sector which remains
healthy is the medical office market, according to a ...
Hoteliers seek new lines of business 04/21/09
Hoteliers are hoping the arrival of spring will aid the struggling hotel industry. Last week, Smith Travel Research, one of the nation's premier hotel
research firms, issued ...
BJ's Wholesale coming to Queens 04/21/09 BJ's Wholesale Club just signed
a lease for 121,000 square feet at Muss Development's shopping center at Sky View
Park in Flushing, Queens. The asking rent for the 20-year gro...
Big-box retailers invading New York 04/14/09
While Home Depot is closing stores in response to plunging sales amid
the housing crisis, two wholesale chains are plowing ahead with New
York openings, indicating an increa...
Investors bullish on Manhattan hotel market 04/07/09
The hospitality industry, which has been a favorite asset class for the
past few years, has been experiencing hurdles over the past six months.
Recent data from Smith Travel...
