From comments posted this week on The Real Deal’s daily blog.
Construction halted at Collection at Court St.
Tuesday, November 25: Hold on to your seats — we are in for a major storm. Two thousand nine is going to be even worse. You have to be completely insane to buy real estate right now, especially in areas like Carroll Gardens, Park Slope, Williamsburg and Fort Greene.
Bleak office market means cheap rents through 2009
Tuesday, November 25: For the next 12 months? Considering the mass layoffs that were announced (many of which have not yet taken hold), I would think that 12 months is really optimistic. You are probably going to see three to four years of a tenant’s market.
Citigroup CEO says real estate was the problem
Wednesday, November 26: Has any CEO ever blamed him/her self?
Brooklyn Bridge Park already behind
Wednesday, November 26: Never going to get built!