In the December issue of The Real Deal, the article “Building jails like junior colleges” incorrectly stated the cost of a juvenile facility in Linden, N.J. The correct figure is $30 million.
A chart listing leases 100,000 square feet and over in 2007 omitted Herrick, Feinstein’s 190,625- square-foot renewal and expansion at 2 Park Avenue.
An article, “Seeing foreclosures in black and white,” requires several corrections for citations from a study by NYU’s Furman Center for Real Estate and Urban Policy. The article incorrectly listed borrower demographics for two neighborhoods. Borrower demographics were not a part of the study. The figures, which described ethnic groups, are as follows: Fordham/University Heights is 57 percent Latino, 35 percent black and 3.78 percent white. The study also found that in
Jamaica, Queens, 77 percent of residents are black, and 2 percent are white. Comments by Vicki Been, director of the Furman Center, also require clarification. She said the study shows that the rate of subprime lending for white borrowers is higher in the 10 neighborhoods with the highest rates of subprime lending than the rate of subprime lending for white borrowers citywide, not “a disproportionate share,” as the article states. A second point in the article, that “blacks receive a disproportionate number of subprime loans in higher-income white neighborhoods,” was not covered directly by the report.
Listings for new developments included inaccurate information for the Foundry in Long Island City. The correct address for the building is 2-40 51st Avenue, and the correct Web site is www.thefoundrylic.com.
A photo accompanying the article “Chicago’s Cabrini-Green site gets second chance” erroneously identified housing with solar panels. The building with solar panels is located down the street from the building shown and is called Clybourn Point.