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Tides’ original investors may be wiped out by preferred equity dealTides’ original investors may be wiped out by preferred equity dealLA court strikes down SB9 law allowing single-family lot splitsLA court strikes down SB9 law allowing single-family lot splitsMcCarthy leaves distressed office for premier Post Oak developmentMcCarthy leaves distressed office for premier Post Oak developmentDevelopers have a new tax break. Now they must figure it outDevelopers have a new tax break. Now they must figure it out
New York

1Q: Not even leaks in any bubble

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On the heels of broker buzz of a slowdown in the market, the Real Estate Board of New York has released its figures for the first quarter of 2005 showing 12 records set throughout Manhattan. Northern Manhattan did particularly well, seeing a jump in condominium prices of 68 percent from a year ago to a median price of $353,000, and median prices also soared in the north’s smaller co-op market, jumping 81 percent to $488,000 over the same period. more [Post]