The Real Deal New York

New York REITs to feel competition

November 25, 2008 01:45PM

As part of its Web coverage this week, The Real Deal is posting highlights of the most interesting real estate video clips about current market conditions. Today we turn to, which looks at the declining value of REITs and how the recent bank mergers and layoffs will affect the city’s commercial market. Jay Paul Leupp of Grubb & Ellis says that companies like SL Green, Vornado Realty Trust and Boston Properties will have more competition on their hands as demand for office space falls off. For an excerpt of the video click below, or for the full segment go to

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