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CMBS rule changes slow to aid real estate

CMBS rule changes slow to aid real estate

When Washington issued new rules three weeks ago to facilitate the modification process for troubled securitized loans, some leaders in New York’s commercial real estate industry quickly took notice. But anyone hoping to see...

CMBS rule changes slow to aid real estate
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Office asking rents slide in 3Q, report says

Dark blue is third-quarter 2008; grey is second-quarter 2009, light blue is third-quarter 2009 (Source: FirstService Williams) Manhattan office...

Office asking rents slide in 3Q, report says
Real estate in brief

Real estate in brief

Famed Devonshire House hits the market Following renovations, all residences at the Devonshire House at 28 East 10th Street in Greenwich Village, an 80-year-old building designed by famed architect Emery Roth, have hit the...

Real estate in brief
Manhattan taking office rents off 40% in 2Q

Manhattan taking office rents off 40% in 2Q

Manhattan office taking rents have fallen by as much as 40 percent from the second quarter of 2008 to the same period in 2009, commercial real estate firm FirstService Williams says in a report...

Manhattan taking office rents off 40% in 2Q
Office leasing experts debate if NYC at bottom

Office leasing experts debate if NYC at bottom

Two of the top Manhattan office leasing brokers said rents had further to fall on a panel yesterday, but...

Office leasing experts debate if NYC at bottom
Executives send mixed messages on downturn, discuss ways to land deals

Executives send mixed messages on downturn, discuss ways to land deals

 Commercial brokers experiencing the worst real estate environment in a generation got a breakfast pep talk from leading executives...

Executives send mixed messages on downturn, discuss ways to land deals
CBRE sues for $380K commission in Plaza District building

CBRE sues for $380K commission in Plaza District building

Commercial sales and leasing powerhouse CB Richard Ellis says its brokers are owed a sizable commission after putting in...

CBRE sues for $380K commission in Plaza District building
Manhattan market declines continued in 1Q

Manhattan market declines continued in 1Q

There were no surprises in the Manhattan commercial real estate market in the first quarter of this year, according to Mark Jaccom, CEO of FirstService Williams. The market continued to decline, with the availability...

Manhattan market declines continued in 1Q
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