Welcome to Real Estate Weekly. Sign in or Register    
 
   
News Photo Gallery Editorial Calendars Rate Sheet Event Calendar Modular Sizes Results
Readership Study
 You are here: Home / News

October 06, 2008  

News    
Serving America's #1 Market
Ward unveils WTC report
New plan outlines revised budget and timetables for rebuilding at the site
Paterson said Pataki's WTC timeline was never realistic
Bloomberg says plan is a sign of progress but that it doesn't meet his goal of guaranteeing that the WTC Memorial will be finished by 10th anniversary of 9/11
Real estate sales market showing strain amid worsening credit crunch
HSBC isn't the only seller to pull property from the market
 
In the news...
Real estate sales market showing strain amid worsening credit crunch - 10/3/2008
HSBC isn't the only seller to pull property from the market
 
Ward unveils WTC report - 10/2/2008
New plan outlines revised budget and timetables for rebuilding at the site
 
Paterson said Pataki's WTC timeline was never realistic - 10/2/2008
Bloomberg says plan is a sign of progress but that it doesn't meet his goal of guaranteeing that the WTC Memorial will be finished by 10th anniversary of 9/11
 
City and Tishman Speyer close to deal for Gotham Center - 10/1/2008
Development could be a gamble amid the current economic tumult but could also help transform Long Island City when economy rebounds
 
WTC committee said to recommend preserving existing WTC hub - 9/25/2008
Ward will have to decide whether to endorse that recommendation in his presentation on the WTC site next week before Port Authority board
 
Mosler believes Manhattan leasing market will weather Wall Street problems - 9/23/2008
Sees period of lean times ahead for brokerage firms as an opportunity to grow Cushman & Wakefield
 
Brookfield hasn't yet started Ninth Ave. platform - 9/23/2008
Firm said development would begin by summer
 
Tishman Speyer deals are feeling the economic stress - 9/18/2008
Tishman Speyer's mysterious back out on the rail yards now looks a lot clearer
 
Deals for troubled Wall Street firms ease fears about real estate impact - 9/17/2008
But financial sector nonetheless appears to be shrinking
 
Commerical foreclosures and workouts could rise in the city in '09 - 9/17/2008
When interest reserves run out, many landlords may be forced to hand back their properties
 
Lehman's collapse creates anxiety in real estate market - 9/16/2008
Company's demise could eventually cast off huge blocks of space into the market
 
Wall Street problems continue to create worries for city's real estate market - 9/16/2008
Tumult at AIG stokes fears that more space could be dumped on the market
 
Fed holds rates at 2% - 9/16/2008
Officials offer stark assessment of the economy
 
Wall Street problems could weigh heavily on downtown office market - 9/16/2008
BofA could relocate part of Merrill to midtown brokers say
 
Grannis won't say whether NYC water deserves special considerations - 9/12/2008
DEC commissioner defers Council's concern about gas drilling to findings of environmental review
 
Lighthouse focusing on industrial sector - 9/11/2008
Marketing parcel in the Bronx
 
Fiserv renews at 116 West 32nd Street - 9/11/2008
Pays less for lease in Penn District than in Jersey City
 
Grannis says no to public disclosure on chemicals - 9/11/2008
Chemicals that could poison city's water supply are "trade secrets"
 
Kraut continues doing smaller deals amid downturn - 9/9/2008
With big deals becoming sparse, top brokers flock to the mid-market
 
City Council set to hold hearing on gas drilling - 9/9/2008
Officials worry that projected surge in drilling upstate could contaminate the city's water supply
 
Beige Book shows that growth continues to slow - 9/3/2008
City shows signs of resiliency but real estate market is down
 
Top floor of One Penn Plaza asks surprising rent - 8/27/2008
Vornado looks to unlikely property to boost Penn District's image
 
Level Global takes 20,000 s/f in 888 7th Avenue - 8/26/2008
For every high-end firm that falls by the wayside, so far despite tense market it appears another is ready to pick up the pieces
 
Paterson nominates Mullen and Lago as heads of ESDC - 8/22/2008
Pair will report to new chairman Wilmers under reorganized leadership structure for the agency
 
Paterson endorses Bloomberg for a third term - 8/22/2008
Governor says Mayor's budget cut a model for all municipalities and a controversial third term would be a 'great idea'
 
Legislature cuts the budget - 8/21/2008
Trims $1 billion from looming deficit but Paterson warns that more cuts may be necessary
 
Bloomberg calls for green power generation in the city - 8/20/2008
Revives plan to audit commercial office buildings and require energy efficient retrofits
 
King & Spalding subleases expansion space - 8/18/2008
Does short term deals in anticipation of growth
 
IBO report questions city's MTA subsidies - 8/14/2008
City's $1.2 billion in yearly support may include a host of payments that count as "questionable" subsidies
 
Will Wachovia dump space? - 8/13/2008
Brokers expect more big firms to offer subleases by the end of the year as the economic tumult shakes out
 
Councilman speaks out against upstate gas drilling - 8/11/2008
Tapping a trillion dollars worth of gas could pollute the city's water supply
 
Ares Management expands at 280 Park Ave. - 8/7/2008
Private equity firm adds another floor
 
Natixis said to be close to deal at 277 Park Avenue - 8/7/2008
French bank will take nearly 300,000 s/f
 
Rapp promoted to vice chairman at CBRE - 8/6/2008
Power broker gets power title
 
Landis+Gyr takes 8,000 s/f on Park Avenue - 8/5/2008
Deal reflects continued demand for space among small, well-heeled tenants
 
HBK to give up 12K s/f in 1BP - 8/5/2008
Durst now asking $185 per s/f for the space
 
NYC water in jeopardy? - 7/31/2008
Deep drilling for gas reserves could pollute the city's pristine reservoirs
 
Fed extends lending facilities - 7/30/2008
Fed continues to pump cash into the system to deal with credit crunch
 
Arx to hand back space at 717 Fifth Ave. - 7/30/2008
But its luxury prebuilt space should be an easy sell for Blackstone
 
Clarium takes 30K s/f at Grace - 7/29/2008
Firm riding high despite economic problems
 
Broadway pruning assets to raise cash - 7/28/2008
Firm buckling down for when it has to refinance
 
Margolin takes space at 370 Lexington - 7/24/2008
Large Long Island accounting firm keeps presence in Manhattan
 
Beige Book reports weak growth - 7/24/2008
Report notes the Manhattan leasing market is slowing
 
Somerset said to be in talks to buy 525 Madison Ave. - 7/23/2008
Five of the seven buildings taken from Harry Macklowe have now been sold
 
Port Authority said to still want to develop Moynihan Station - 7/22/2008
Authority wants to take over mega-project even after recent WTC debacle
 
Apple searching the market for deals - 7/21/2008
But things haven't gotten bad enough yet to reap bargain deals
 
Apple backs off of 510 Mad - 7/18/2008
iStar sweetening its sublease deal a sign of the times
 
Marathon subleases 10K at One Bryant Park - 7/17/2008
Profits big on deal to Korean firm
 
DellaCamera Capital takes 6,700 s/f in 461 5th Avenue - 7/17/2008
High end of the leasing market appears to be holding amid overall slowdown
 
Bay Crest renews 40 Wall space - 7/17/2008
Replaces sublease with direct deal at Trump owned downtown tower
 
Bernanke says downturn will last into 2010 - 7/15/2008
Inflation rising even though growth has sunk
 
Ben Bernanke continues to call for bigger Fed role - 7/10/2008
Wants Fed to oversee investment banks
 
CBRE says Manhattan leasing market experiencing modest slowdown - 7/10/2008
So far, sublease offerings from ailing financial sector have been modest
 
Bernanke wants to broaden Fed's oversight - 7/8/2008
Bigger Fed both fulfills and defies Treasury's vision for regulatory overhaul
 
Shorenstein closes on $930 million buy - 7/1/2008
Company has been an active buyer in Manhattan in recent weeks
 
Memorial foundation wants Port to finish plaza on time - 7/1/2008
Would allow vistors to gaze at reflecting pools in the footprints of the twin towers by 10th anniversary of 9/11
 
PA officials detail WTC site delays - 6/30/2008
WTC site appears to be years behind schedule and billions over budget
 
JPMorgan Chase dumping Bear space - 6/27/2008
Subleasing blocks at 237 and 320 Park Ave.
 
Shorenstein buys back into 450 Lex - 6/27/2008
Three years after selling the building and missing out on huge profits, Shorenstein buys mezz debt for 450 Lex
 
Orick looking at Citigroup Center - 6/27/2008
Citigroup floors in play
 
Universal takes 5,300 s/f at 581 AofA - 6/26/2008
Nissani resume adds another household name
 
1Q GDP was 1% not 0.9% - 6/26/2008
Final reading higher than preliminary estimate!
 
Fed wants to expand those who fall under Basel II regulation - 6/26/2008
Another sign Fed is shying away from Treasury blueprint
 
Another MTA fare hike would draw stagflation memories - 6/25/2008
If transit agency bumps fares again next year it would be only the second back to back hike in 104 years
 
Boston Properties plans name change for Citigroup Center - 6/25/2008
With namesake tenant planning to downsize, new name meant to attract fresh interest
 
Fed holds rate at 2% - 6/25/2008
Turns attention towards inflation
 
DLA Pipers wins top honor for real estate practice - 6/23/2008
NY chair Martin Polevoy receives award for group
 
Lehman dumping more space - 6/23/2008
Firm shedding over 500,000 square feet
 
Treasury and Fed at odds over system overhaul? - 6/20/2008
Paulson and Kohn seem to express different perspectives on Fed's role during speech's yesterday
 
Paterson announces subprime legislation - 6/19/2008
And state leaders get testy with each other amid tense backdrop of foreclosures
 
Is Colliers ABR looking for an acquisition deal? - 6/18/2008
Wave of mergers looks like it will continue among real estate services firms
 
City reaches deal to buy out two Willets Point businesses - 6/18/2008
Deals aimed to ameliorate concern that the city will use eminent domain and generate support for redevelopment of the area
 
Jones Lang LaSalle buys Staubach for $600 million - 6/17/2008
Is GVA Williams deal next?
 
CBRE selected to lease retail in 450 Park - 6/17/2008
Will a high priced deal make most expensive building ever a financial winner?
 
Newmark and Staubach brokers bag well deserved REBNY award - 6/13/2008
Walgreens deal deserves creative deal of the year honor
 
Insider says deal is on for GVA Williams - 6/13/2008
Merger will create the third biggest brokerage in the city source says
 
Boston Properties gushes about GM deal - 6/12/2008
Predicts high priced building will earn huge returns
 
GVA Williams to be acquired? - 6/12/2008
Sources say the company has been in talks with various suitors for months
 
Space opening up at 666 Fifth Ave. - 6/11/2008
Landlord Jared Kushner to get shot at filling building with higher paying tenant
 
Lehman dumping 340K s/f - 6/11/2008
Rocked by losses, investment bank shedding its space in two midtown buildings
 
Broderick joins Allen & Overy - 6/10/2008
Market downturn sure to create plenty of distressed deals to work on
 
Boston Properties completes GM Building buy - 6/10/2008
Expects return as high as 8.1% next year
 
Three more Macklowe buildings set to trade - 6/10/2008
Deals done for 850 Third Avenue, Park Ave. Tower and 1301 AofA according to sources
 
New York City still the safest big city in America - 6/9/2008
Murders fall by 16.8%
 
Fed vice chairman predicts more write-downs - 6/5/2008
Record number of foreclosures in the first quarter of 2008
 
Bernanke hints rate cuts on hold - 6/4/2008
Fed turning its eye from growth to containing pricing pressures
 
Paulson encourages more investment with the Middle East - 6/2/2008
Sees sovereign wealth funds channeling oil profits into U.S. investments
 
Crane collapses on 91st Street killing at least 2 - 5/30/2008
Second deadly crane collapse in 2 months amid series of construction deaths
 
Gov. Paterson says spending cuts so far successful - 5/28/2008
Arranges program and oversight committee to allow for more cuts in the face of looming deficits
 
Boston Properties buys big and keeps its 'buy' rating - 5/27/2008
REIT analysts hail Macklowe deal
 
Cushman & Wakefield takes 160,000 s/f - 5/23/2008
After waiting on client potentially interested in the space, real estate services firm finally completes deal to move next door
 
Big blocks of sublease space are rumored to be close - 5/22/2008
But a handful of big tenants also continue to poke around the market for large leases
 
CBRE report shows 1.66 million s/f of space released in '08 - 5/21/2008
Still, tenants continue to take space and rents hold firm
 
Chicago Fed data points to recession - 5/20/2008
Merrill economist says the questions isn't if the country is in a recession, but what month it slid into one
 
Related selected to develop rail yards - 5/19/2008
MTA chooses Related a week after deal collapses with Tishman Speyer
 
Schumer weighs in on West Side development - 5/19/2008
Post op piece doesn't sound like glowing endorsement of rail yards deal as catalyst for development on West Side
 
Bernanke signals improving economy - 5/15/2008
Fed wants to ween markets from using its extended facilities as a backstop to avoid moral hazard
 
City added jobs in March - 5/15/2008
Like the rest of the country, city's economy appears to be skirting a recession
 
Bloomberg yields that rail yard deal is dead - 5/13/2008
Mayor had tried to rescue deal over the weekend in London meeting
 
Jerry Speyer talk lends insight to broken rail yards - 5/13/2008
Speyer talks up firm's 50 million square feet in India and China
 
Bloomberg meeting with Speyers doesn't appear encouraging - 5/12/2008
Mayor met with Jerry and Rob Speyer, but big deal is "complicated" and developers get "cold feet"
 
Rail yard deal with Tishman Speyer dead - 5/9/2008
$1 billion deal crumbles after developer wants to push back closing date for eastern yards
 
Will MTA court Durst/Vornado partnership to develop rail yards? - 5/9/2008
Runner up in yards bid may reemerge unless Tishman Speyer can patch its broken deal
 
City bidding process may be part of problem for water plant - 5/9/2008
Project has soared to $3 billion
 
Developers said to be thinking of hybrid option for Penn redevelopment - 5/8/2008
With MSG planning to stay put, retail or office tower could be installed in its place in the western portion of Farley
 
Straphangers Campaign releases 10 plagues of the subway - 5/8/2008
Bedbugs don't make the list
 
Upcoming forum will talk about methadone clinics in Flatiron - 5/8/2008
Remnant of urban grit stands out starkly against district's commercial revitalization in recent years