Watching the 'dead cat bounce' 02/28/09 As Manhattan's real estate market slogs through the economic downturn, brokers continue to report a slight uptick in activity from the doldrums of October, November and December...
Rentals face pink slip problems 02/28/09 In boom times, it was common for twentysomethings to blow half their paychecks on rent in desirable buildings. But in this faltering economy, what happens when one roommate's hi...
Going, going gone 02/26/09
A condo auction
As home to the flagship locations of Christie's and Sotheby's, New York is no stranger to the auction business. When it comes to real estate, though, ...
Parent trap trips Corcoran 02/02/09 Corcoran was the first of the two big brokerages in the city to close up an office. And like real estate companies throughout the city, the 35-year-old company is weathering a s...
Schools scout new sites 01/30/09 While the rest of the real estate market sputters, private schools and colleges in New York City have been snapping up real estate.
Experts say the recent burst of activity ...
Web roundup: NYC brokerage offices close up shop 01/30/09 Bellmarc sheds corporate HQ
Aiming to cut costs, Bellmarc Realty has closed its corporate headquarters at 352 Park Avenue South between 25th and 26th streets, according to Neil...
Developers do switcheroos with sales firms 01/30/09 It's musical chairs at New York City's new condominium developments. As sales slow in the economic downturn, developers -- hoping to rev up slow sales at their projects -- are s...
Shvo, no, where did Rector Square go? 01/22/09 There may be something fishy going on -- or not going on -- at Shvo-marketed Rector Square in Battery Park City. The sales office at the condo conversion project is currently sh...
Shvo, no, where did Rector Square go? 01/22/09 There may be something fishy going on -- or not going on -- at Shvo-marketed Rector Square in Battery Park City. The sales office at the condo conversion project is currently sh...
Citi Habitats also to close 57th Street branch 01/07/09 Citi Habitats said it is closing another one of its branches and laying
off employees in a bid to cut costs in the sputtering economy. In addition to the closure of its Financi...
More sublease space, but who will take it? 01/07/09 Between July and December 2008, available sublease space in Manhattan rose to 11.2
million square feet from 7.2 million square feet, according to CB
Richard Ellis. But as firm...
New School critics worry building will become an eyesore 01/05/09 As if New School President Bob Kerrey didn't have enough problems
contending with a faculty and student revolt against his leadership at
the Greenwich Village institution. Now...
Crystal ball warns of brutal year 12/31/08 If there is one glaring conclusion from 2008 that everyone can agree on, it's that making predictions about New York City real estate is often an exercise in futility. But with ...
Publisher's note 12/31/08 In "Extraordinary Popular Delusions & the Madness of Crowds" by Charles MacKay, we are told, "Men, it has been said, think in herds; it will be seen that they go mad in herd...
Former Besen brokers open new firm 12/30/08
A trio of commercial brokers who left Besen & Associates has formed a new Manhattan-based firm, Onyx Real Estate Advisors, the team told The Real Deal in an interview. The...
Architect ranks shaken to the foundation 12/30/08 In response to the construction slowdown, New York architectural firms are shedding staff, trimming expenses and switching from residential projects to lower-risk work on instit...
Sloan-Kettering pays $42M for UES building 12/18/08 Memorial Sloan-Kettering Cancer Center bought a four-story commercial
building on the Upper East Side, nearby its main campus, for $42
million. The building, at 1133 York Aven...
Former Besen brokers open new firm 12/09/08 A trio of commercial brokers who left Besen & Associates has formed
a new Manhattan-based firm, Onyx Real Estate Advisors, the team told The Real Deal in an interview yeste...
Bracing for a retail bust 12/08/08 From the December issue: As retailers nationwide brace
themselves for what is expected to be a bloodbath during the holiday
shopping season, the damage assessment among New Yo...
Brokers going it alone in the downturn 12/02/08 As the faltering economy forces some brokerages to cut employee rolls and agents to compete for pieces of a more humble real estate pie, some brokers are walking away from bigge...
