| Home runs for charity - 7/30/2010 |
| UES condo to donate $1,000 for each homer from resident Yankee Curtis Granderson |
| |
| GDP grows at 2.4% in 2Q, down from first quarter - 7/30/2010 |
| Real estate loans still loom on banks' balance sheets |
| |
| Real Estate Daily: Apthorp condo closing - 7/29/2010 |
| Real estate news from around the Web, updated daily. |
| |
| Touchdown for Rudin - 7/28/2010 |
| After the National Football League signed its office lease for 175,000 square feet of headquarters space at the Rudin Family’s 345 Park Avenue, NFL Commissioner Roger S. Goodell posed with the happy members of the Rudin clan. L-R: Chairman Bill Rudin, Samantha Rudin, Commissioner Goodell, Eric Rudin and Michael Rudin.
|
| |
| FirstService buys NYC management firm - 7/28/2010 |
| Adds Goodstein Management and 9,000 Residential Units to its Management Portfolio
|
| |
| Real Estate Daily: Sheldon Silver declares war on rats - 7/28/2010 |
| Real estate news from around the Web, updated daily. |
| |
| Taking the bull by the horns - 7/28/2010 |
| Developers in trouble are turning to the fixers |
| |
| Colliers takes 18K s/f at 136 Madison Avenue - 7/27/2010 |
| Space will allow firm to expand brokerage operation |
| |
| Nomura takes 50K s/f at 277 Park Avenue - 7/27/2010 |
| As firm contemplates larger real estate strategy, it commits to space for a midtown office |
| |
| Law firm Jackson Lewis takes 40K s/f at 666 Third Avenue - 7/26/2010 |
| Firm relocates from lower Manhattan |
| |
| Community Board 7 wants a do-over on Extell's Riverside Center - 7/23/2010 |
| Board proposes over 40 changes to UWS mega-development |
| |
| Real Estate Daily: Blackstone looking to buy $1.1 B in Morgan Stanley's CRE loans - 7/23/2010 |
| Real estate news from around the Web, updated daily. |
| |
| ECAST - 7/23/2010 |
| Trends in the marketplace |
| |
| Real Estate Daily: Arianna Huffington moving to New York - 7/22/2010 |
| Real estate news from around the Web, updated daily. |
| |
| Marcus & Millichap names new president and CEO - 7/21/2010 |
| Investment sales firm promotes senior vice president and managing director John Kerin. |
| |
| Real Estate Daily: City cracking down on asbestos inspections - 7/21/2010 |
| Real estate news from around the Web, updated daily. |
| |
| Hotel developers head south as business recovers - 7/21/2010 |
| Number of Lower Manhattan hotels triples since 9/11 |
| |
| Marketing goes out of the box ... and into the tube - 7/21/2010 |
| Landlords getting creative in efforts to woo tenants in down market |
| |
| Battlelines drawn in campaign to rezone Chinatown - 7/21/2010 |
| Neighborhood groups and developers clash over boundaries, density and usage. |
| |
| Cogsville partnership bulk buys FDIC debt - 7/20/2010 |
| $1.8B deal is second biggest sale of commercial-property debt under a public-private partnership to date |
| |
| TIAA CREF to buy 685 Third Avenue - 7/20/2010 |
| Pfizer sells headquarters for a reported $180-$190 million |
| |
| Real Estate Daily: Daily News headed downtown - 7/20/2010 |
| Real estate news from around the Web, updated daily. |
| |
| Real Estate Daily: Hundreds of rescued buildings slipping into default and decay. - 7/19/2010 |
| Real estate news from around the Web, updated daily. |
| |
| CBRE team tapped to handle 414 West 14th leasing - 7/19/2010 |
| Boutique Meatpacking office space experiencing a pickup in activity |
| |
| Daily News announces relocation to lower Manhattan - 7/19/2010 |
| Paper finishes 100K s/f deal at Four NY Plaza |
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| Real Estate Daily: Dumpster swimming pools coming to Park Avenue - 7/16/2010 |
| Real estate news from around the Web, updated daily. |
| |
| WNET said to be close to move to Worldwide Plaza - 7/16/2010 |
| Law firm WilmerHale also said to be in talks to do large deal in West Side tower |
| |
| Real Estate Daily: 18th century ship found at WTC site - 7/15/2010 |
| Real estate news from around the Web, updated daily. |
| |
| SL Green puts 379 West Broadway up for sale - 7/15/2010 |
| New Jones Lang LaSalle team hired to market building |
| |
| Is the sale of 685 Third near? - 7/15/2010 |
| Sources say bidding is down to just a few finalists |
| |
| All eyes on Durst as the one-time detractor is handed keys to 1 WTC - 7/14/2010 |
| The Durst Organization beats out Related for a stake in tower |
| |
| Real Estate Daily: Brooklyn hotel boom, WTC mosque controversy and troubled developers - 7/14/2010 |
| Real estate news from around the Web, updated daily. |
| |
| Planning Commission approves Vornado's Penn Tower plan - 7/14/2010 |
| Added square footage will allow Vornado to build mega tower if project approved by Council |
| |
| Massey Knakal data shows investment market on upswing - 7/13/2010 |
| Sales transaction volume rises dramatically over last year |
| |
| Shearman & Sterling renews and contracts at 850 Third - 7/13/2010 |
| Law firm sublets a floor but extends another |
| |
| Robert Selsam's lesson plan in real estate development sparks the interest of students - 7/9/2010 |
| At Salvadori Center, students find a reason to learn math and science |
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| Office market appears poised to slowly improve - 7/8/2010 |
| CB Richard Ellis midyear of market finds reason for optimism |
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| Brand plays on for Larry Korman - 7/7/2010 |
| The rock star of the extended-stays hotel biz says it's all about the lobby |
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| Office rents continue to fall in Manhattan - 7/7/2010 |
| Midtown and midtown south show signs of turning the corner but downtown remains slack |
| |
| Be prepared for tax consequences - 7/7/2010 |
| In working out debt with a lender, many are caught off guard by tax consequences. Find out how to lessen the blow .... |
| |
| David Falk wins assignment to rep Liz Claiborne space search - 7/6/2010 |
| Newmark Knight Frank, on a hot streak, lands another prominent tenant |
| |
| Seeger Weiss signs 21,500 s/f deal at 77 Water Street - 7/6/2010 |
| Downtown tower attracts tenants with aggressive bargains and generous incentives |
| |
| $100M finance deal suits Barney - 7/2/2010 |
| Meridian Capital Group arranges one of biggest CMBS deals since start of the recession to refinance flagship retail condo |
| |
| SJP taps Futterman for 11 Times Square retail - 7/2/2010 |
| Showpiece space could be home to fashion and specialty retailers or entertainment-themed shops and restaurants |
| |
| State tenants begin paying rent again - 7/1/2010 |
| With budget passed, state offices square real estate tab that arose from the budget delays in Albany
|
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| Haynes & Boone signs nearly 75K s/f deal at 30 Rock - 6/29/2010 |
| Law firm more than doubles space in anticipation of growth |
| |
| State tenants in arrears in Manhattan as Albany grapples with budget - 6/28/2010 |
| Numerous state agencies haven't paid rent in recent months due to state budget impasse |
| |
| Carried interest tax hike appears to fail - 6/25/2010 |
| Bill would have significantly raised taxes on many real estate partnerships |
| |
| Macklowe reaches settlement with SL Green over 510 Madison - 6/25/2010 |
| Deal will give Macklowe a yearlong extension on his debt on the tower |
| |
| Bank of America hires both Jones Lang LaSalle and Cushman & Wakefield for advisory assignment - 6/22/2010 |
| Firms will help shape the bank's Manhattan portfolio of space, including what do with Merrill Lynch in lower Manhattan |
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| Kingdon Capital renews its five floors at Carnegie Hall Tower - 6/22/2010 |
| Firm, which was one on the building's original tenants, extends lease for 10-years |
| |
| Healthfirst in talks for 120K s/f deal at 100 Church - 6/21/2010 |
| Deal would be the biggest since SL Green took control of the tower from the Sapir Organization earlier this year |
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| Toni Haber living by the (bar) code - 6/16/2010 |
| PDE broker using bar codes to sell lux' homes |
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| Sherlock Homes - 6/16/2010 |
| The K-9 cops who help sniff out trouble for New Yorkers |
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| Tax plan giving industry jitters - 6/16/2010 |
| Carried interest legislation will hurt real estate more than it will curb Wall Street greed, say experts |
| |
| One Bryant Park deal a sign of the times - 6/16/2010 |
| Investment banking firm subleases space in prestigious tower |
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| New Cushman boss takes center stage - 6/14/2010 |
| Glenn Rufrano draws big crowd to YMWREA luncheon |
| |
| REBNY presents Retail Deal of the Year - 6/9/2010 |
| Futterman bowls 'em over |
| |
| Levy accused by Cuomo of diverting millions from Rector conversion - 6/9/2010 |
| Embattled developer left residents $70 in what was supposed to be a $7.4 million account |
| |
| RFR marketing 90 Fifth Avenue for sale - 6/8/2010 |
| Second building occupied by Forbes put on the auctioning block this year |
| |
| 250 West 55th Street could begin sooner rather than later sources say - 6/7/2010 |
| Even though office market is still far from peak, a rationle for new speculative is beginning to emerge |
| |
| New chairman at ICSC Foundation - 6/4/2010 |
| Kieran Quinn to lead group's community support efforts
|
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| Bank of America puts out RFP to decide on Merrill space - 6/2/2010 |
| Bank seeks advice from top real estate services firms on what its real estate strategy should be in the city |
| |
| Daily News in talks to do deal at Four NY Plaza - 5/26/2010 |
| Though the building doesn't offer much in the way of views, it's one of lower Manhattan's best bargains according to experts |
| |
| RXR completes purchase of 340 Madison Avenue - 5/25/2010 |
| Deal offers Broadway Partners the chance to stay in and earn future upside |
| |
| CBRE hired to handle Pfizer HQ sale - 5/24/2010 |
| Stacom and Shanahan team tapped to sell Third Avenue skyscraper |
| |
| IBO report shows city economy has weathered the recession better than expected - 5/21/2010 |
| But lingering questions concerning the city and state's fiscal health cloud outlook for recovery |
| |
| Nominees announced for Retail Deal of the Year - 5/19/2010 |
| REBNY reveals who's being considered for top shop deal |
| |
| Procida figuring things out - 5/19/2010 |
| Finance veteran working out finances at stalled luxury developments |
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| Katz buys coveted HighLine site - 5/19/2010 |
| Veteran developer weighing options for 100,000 s/f site |
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| Winners all round - 5/18/2010 |
| Net leasing trend gaining traction in today's market |
| |
| Chains react after year of sitting on the fence - 5/18/2010 |
| What a Difference a Year Makes: From ICSC 2009 to ICSC 2010 |
| |
| Dewey & LeBoeuf close to deal to expand at 1301 6th Avenue - 5/18/2010 |
| Law firm looking to grab another floor in sublease from Commerzbank |
| |
| Long Island City in lights - 5/17/2010 |
| New condo promises Manhattanites a view with a thrill |
| |
| Elliott Associates finishes deal at 40 West 57th Street - 5/17/2010 |
| Hedge fund takes 75,000 s/f for rents in the $70s per s/f |
| |
| 32BJ finishes deal at 620 Avenue of the Americas - 5/17/2010 |
| Deal appeared to offer a reprieve for the building's ownership |
| |
| Despite slow market, deals getting done at 40 Wall - 5/14/2010 |
| Two firms sign deals in 70-story tower and more leasing is on the way |
| |
| Natixis in talks at 1251 6th Avenue - 5/13/2010 |
| French banking firm would fill vacancy to be left behind by Avon |
| |
| Darby & Darby gives back space at 7 World Trade - 5/12/2010 |
| Law firm's liquidation opens two floors at downtown tower |
| |
| The price is right - 5/12/2010 |
| Pricing too high or too low could wreck a deal |
| |
| WebMD takes 50K s/f at Worldwide Plaza - 5/11/2010 |
| More deals on the way at Eighth Avenue tower |
| |
| A&E said to be closing in on deal at 150 East 42nd Street - 5/10/2010 |
| Network would use space to consolidate offices with Lifetime Network |
| |
| Jeffrey Moerdler follows dad's footsteps - 5/7/2010 |
| Moerdler recently appointed to the Port Authority's board, just weeks after his father adds to his own resume of public service |
| |
| Sheldon Solow said to have returned from mysterious absence - 5/5/2010 |
| Developer dropped out of picture in recent weeks amid rumors of ill health but is now back at his desk according to sources |
| |
| REBNY panel shares mix of annecdotes about the market - 5/5/2010 |
| Signs that market weakness is far from over but also that 'green shoots' are growing |
| |
| All eyes on Trump Soho - 5/4/2010 |
| Project's developers say sales are coming, but will a lack of financing stand in the way? |
| |
| First Service Williams switches to Colliers name - 5/4/2010 |
| Has aspirations to become the city's dominant services firm |
| |
| Jewel in Fifth Avenue crown - 5/3/2010 |
| Tiffany closes on 260,000 s/f lease at former toy center |
| |
| GDP grows 3.2 percent in 1Q 2010 - 4/30/2010 |
| Quarter marks third in a row of solid growth and likely, the end of the recession |
| |
| Just ingenious - 4/28/2010 |
| Studley duo collects REBNY's Ingenious Deal of the Year award |
| |
| Top dealmakers - 4/28/2010 |
| Real Estate Board announces Ingenious Deal winners |
| |
| Cushman & Wakefield team hit market with 54 West 40th - 4/27/2010 |
| Rehab clinic decides to sell longtime Bryant Park headquarters |
| |
| Murray Hill signs deals at 1250 Broadway - 4/26/2010 |
| Recent leasing patches large block of vacancy that opened during downturn |
| |
| The Jewish Board takes office lease and plans for its real estate future - 4/26/2010 |
| NFP organization eventually envisions new headquarters on the Upper West Side |
| |
| The Jewish Board takes 55K s/f at 135 West 50th - 4/23/2010 |
| Deal sops up some of the big block of sublease space being offered by AllianceBernstein in the building |
| |
| Marchon said to renew and expand at 8 West 40th Street - 4/19/2010 |
| Eyeglasses manufacturing giant does 20,000 s/f deal |
| |
| Deals getting done at 130 West 42nd Street - 4/19/2010 |
| CBRE teams begins filling openings that came with leasing downturn |
| |
| Cushman & Wakefield lands 350,000 s/f leasing assignment - 4/14/2010 |
| APF Properties taps top team to handle Manhattan portfolio |
| |
| CBRE says midtown stabalizing - 4/14/2010 |
| Downtown vacancy could rise into the mid teens |
| |
| Macklowe wins temporary restraining order on 510 Madison foreclosure - 4/14/2010 |
| Motion could give developer a chance to hold on to tower |
| |
| Turning the tables on the media - 4/14/2010 |
| ABO questions real estate media on the state of the market |
| |
| Deloitte said to have decided on staying at World Financial Center - 4/13/2010 |
| Big four accounting and auditing firm negotiating to do deal to remain downtown |
| |
| How widely available is Bridge Financing in today’s marketplace? - 4/7/2010 |
| No more going with the flow |
| |
| Uniqlo said to be in talks for 666 5th space - 4/6/2010 |
| Retail deal would be one of the biggest since downturn |
| |
| 340 Madison sale said to be close - 4/6/2010 |
| Tower could fetch up ato $700 per square foot |
| |
| Law firm signs 50,000 s/f renewal at 230 Park - 4/5/2010 |
| Deal comes as part of wave of leases in Park Avenue tower |
| |
| MF Global signs large sublease at Park Avenue Plaza - 4/1/2010 |
| Financial company takes offices being shed by Swiss Re |
| |
| AREA Property Partners invests in 650 Madison Ave. - 3/30/2010 |
| Equity injection made to help owners hold on to pricey tower |
| |
| Vornado buys mezz loan on Roosevelt Hotel - 3/30/2010 |
| Could be a play to take control of a prime potential development site according to sources |
| |
| Office market improved in the opening quarter - 3/29/2010 |
| First Service Williams report shows midtown rents rising |
| |
| Ravitch hints that budget may take months to pass - 3/26/2010 |
| So far Assembly has been more willing to consider his recommendations than Senate, even while the Senate embraces more elements of Governor's preliminary budget |
| |
| MTA delays rail yards deal another month - 3/26/2010 |
| Related and authority have yet to formalize $1 billion development deal |
| |
| Duane Reade takes deal for Parasuco space - 3/26/2010 |
| New store envisioned as company's Manhattan flagship source says |
| |
| Elliott Associates said to be in talks for 75K s/f deal - 3/25/2010 |
| Hedge fund would relocate from 712 Fifth Avenue to 40 West 57th Street |
| |
| World Trade Center deal reached - 3/25/2010 |
| Preliminary agreement creates financial arrangement for Tower 3, breaking impasse at the site |
| |
| 1466 Broadway purchased for $170 million - 3/23/2010 |
| Sources say buyer is a partnership led by Stanley Chera and Ben Ashkenazy |
| |
| Chimera inks 17K s/f sublease at 225 PAS - 3/22/2010 |
| Broker Jeff Nissani moves firm from 14th Street |
| |
| Sellers move to capitalize on dearth of deals - 3/22/2010 |
| But can higher prices be sustained if there is more distress? |
| |
| Building Congress backs Ravitch rescue plan - 3/18/2010 |
| Lt. Gov. to address members at March 26 meeting |
| |
| Yunis puts her stamp on city - 3/17/2010 |
| Industry takes notice as Newmark Knight Frank retail star sizes up in the toughest of markets. |
| |
| Team Kleinberg - 3/17/2010 |
| Interior designer Michael Kleinberg leading his firm to a brighter future |
| |
| Fair's fair - 3/17/2010 |
| RAB lays out owners case at contract negotiations ofr city's building service workers |
| |
| C&W sales team moves to HFF - 3/17/2010 |
| Jose Cruz and Kevin O'Hearn switch teams |
| |
| CBRE named leasing agents for 9 West 57th Street - 3/16/2010 |
| Assignment comes at juncture for the building |
| |
| TD Bank takes part of Men's Wearhouse space - 3/16/2010 |
| Doral Bank takes branch on Third Avenue |
| |
| Big retail in the works at 666 5th Avenue? - 3/15/2010 |
| At a time when tenants hold bargaining power, a number of big retailers are circling Fifth Avenue |
| |
| Marshalls in talks to take retail space at 620 6th - 3/12/2010 |
| Owners mount improbably turnaround of distressed building after nearly handing property back to lender |
| |
| Donatella on board at Clock Tower - 3/11/2010 |
| Versace designer still working on look for eventual condo transformation |
| |
| Ward says Port Authority will have to explore new revenue models - 3/11/2010 |
| Cash strapped amid downturn and huge funding commitments, authority to explore special charges to build and improve infrastructure |
| |
| Medical Knowledge in talks for 45K s/f sublease - 3/10/2010 |
| Deal in the mid $30s per square foot shows that bargains remain in midtown |
| |
| Red alert for owners, managers - 3/10/2010 |
| June 2 is deadline for 'red pipe' compliance |
| |
| Zellner closes Coney Island deal - 3/10/2010 |
| Joshua Zellner, president of Zellner Realty Corp., has announced the sale of 3142 Coney Island Avenue, Brooklyn, NY. |
| |
| How did they do that? - 3/3/2010 |
| Commercial real estate owners make money in today’s market
|
| |
| Cabin fever - 3/3/2010 |
| Related adds cabin-style hotel concept to Times Square development |
| |
| CUNY in talks to do deal at 395 Hudson Street - 3/3/2010 |
| After considering downtown Brooklyn, cheaper rents keep tenant in Manhattan |
| |
| LCM takes 15K s/f sublease - 3/3/2010 |
| Smaller tenants still active in a market that offers few boutique spaces |
| |
| GMHC said to be looking at 200 Hudson for 150K s/f - 3/3/2010 |
| Large tenant looks to relocate from midtown south to Hudson Square |
| |
| Zellner's Coney Island sale - 3/3/2010 |
| Brighton Beach apartment building fetches $3.6 million |
| |
| SL Green wants confi for 510 appraisal - 3/2/2010 |
| Controversial $160 million estimate would put the tower into foreclosure |
| |
| Macklowe suing to block 510 Madison foreclosure - 3/2/2010 |
| Valuation by Cushman & Wakefield appraises high end tower at less than half of what it cost to build |
| |
| 375 Pearl Street said to be going back to lender - 3/1/2010 |
| Taconic bought property with conversion plans that have been dashed by the downturn |
| |
| Tighe says city deserves more fed money for infrastructure - 2/23/2010 |
| CBRE chief concerned that city is missing out on its share of stimulus |
| |
| Publicis Modem in talks to relocate to Tenth Avenue - 2/23/2010 |
| Company to nearly double in size in new space |
| |
| 1775 Broadway in distress, but Moinian could hold on according to source - 2/22/2010 |
| Development project misses January debt payment as landlord tries to raise equity to hold onto the building |
| |
| Mosler to lead dream team - 2/17/2010 |
| Cushman & Wakefield's new co-hairman lands his first gig |
| |
| Hospital sold for $83M - 2/17/2010 |
| Grubb & Ellis team arranges Cabrini sale to Sloan-Kettering |
| |
| Adobe in talks for 21K s/f at 1540 Broadway - 2/17/2010 |
| Software firm relocating and expanding to accomodate recent acquisition |
| |
| SL Green planning 510 Madison foreclosure - 2/16/2010 |
| SL Green could move on brand new tower in March; Macklowe vows to fight |
| |
| SEIU 32BJ said to be in talks for large deal at 620 Avenue of the Americas - 2/12/2010 |
| After nearly losing the building foreclosure, Yair Levy and partners appear close to huge turnaround |
| |
| IBO releases budget playbook for city - 2/12/2010 |
| If city has to raise taxes or cut spending, here's what it will likely do |
| |
| Steve Siegel names CBRE's top broker in 2009 - 2/11/2010 |
| Siegel handled some of the year's biggest renewal deals |
| |
| Magic bullet backfires - 2/10/2010 |
| Court says condo buyers can’t use ‘under the radar’
law to back out of pricey pre-slump contracts |
| |
| Tenants bring 'human factor' to the table - 2/9/2010 |
| Stuy Town tenants hire legal team as they mull a buyout themselves |
| |
| Oscars cancelled - 2/9/2010 |
| Snow forces industry groups to reschedule events |
| |
| PineBridge said to be looking at 100K s/f deal at 399 Park Avenue - 2/9/2010 |
| Company would relocate from AIG headquarters in Lower Manhattan |
| |
| If WTC arbitration doesn't succeed, PATH hub's already swollen budget will rise according to FTA - 2/8/2010 |
| New FTA risk assessment for WTC hub says project will likely cost $3.5 billion, if impasse at the site can be resolved |
| |
| Ratner signs Ridge Hill tenant - 2/5/2010 |
| Healthcare provider takes 83,000 s/f in under-construction development |
| |
| Buyers sue SL Green in broken 485 Lex deal - 2/5/2010 |
| Allegations that seller sabotaged lender approval process to get out of sale |
| |
| Brookfield planning to reposition World Financial Center - 2/5/2010 |
| Facing large vacancies at downtown office complex, Brookfield feels "there is no better investment than this" |
| |
| NFL said to be close to deal at 345 Park Avenue - 2/4/2010 |
| League will relocate on Park Avenue |
| |
| Tiffany looking at 225K s/f deal at 200 Fifth Avenue - 2/3/2010 |
| Lease would be big deal for daring renovation project |
| |
| Cushman & Wakefield brings Fifth Ave. space to market - 2/3/2010 |
| Rare opportunity for move-in ready offices |
| |
| Levi heading to Meatpacking District - 2/3/2010 |
| Laura Pomerantz introduces jeans icon to local 'in' crowd |
| |
| Standing O for industry's first lady - 2/3/2010 |
| Mary Anne Tighe earns standing ovation at AREW luncheon |
| |
| George Comfort close to refi deal at 63 Madison - 2/3/2010 |
| Property entered maturity default in January but landlord appears close to financing arrangement with Bank of China |
| |
| Rufrano to lead Cushman & Wakefield - 2/2/2010 |
| Capital markets veteran to expand global brand |
| |
| Tiffany looking at 225K s/f deal at 200 Fifth Avenue - 2/1/2010 |
| Daring development project in talks for slam dunk deal |
| |
| Curtain raised on theater overhaul - 1/29/2010 |
| $107 million upgrade to David H. Koch theater complete |
| |
| Economy grows by 5.7 percent in fourth quarter - 1/29/2010 |
| Real estate investment falls |
| |
| Deal said to be close for two W Hotels on 39th Street - 1/29/2010 |
| Foreign buyer from South Pacific said to have secured deal with Starwood |
| |
| Mayor Bloomberg announces preliminary 2011 budget - 1/28/2010 |
| Mayor says he won't raise taxes |
| |
| History in the making at Stuy Town - again - 1/27/2010 |
| As biggest real estate deal ever collapses, race is on to find property manager |
| |
| WTC arbitration panel order Silverstein and Port Authority to rework development plan and schedule - 1/27/2010 |
| Tries to lay groundwork for a resolution |
| |
| Massey Knakal year end report details stark sales market in 2009 - 1/26/2010 |
| Firm predicts 2010 will be a face off between rising interest rates and investor demand for assets |
| |
| Levy reaches deal to hold on to 620 Avenue of the Americas - 1/25/2010 |
| Agrees to inject capital in return for resizing of debt on property |
| |
| To let: 300,000 s/f - 1/21/2010 |
| Harbor Group upbeat about leasing following $108M NY Plaza buy |
| |
| Knakal focuses on note sales in the months to come - 1/21/2010 |
| Workmanlike attitude keeps sales executive busy during slowdown |
| |
| REBNY honorees revealed - 1/20/2010 |
| The hidden talents of some the luminaries being recognized at tomorrow's REBNY gala |
| |
| Bloomberg unveils plan to cut city office space - 1/20/2010 |
| In State of the City speech today, mayor outlines plan to save on leasing costs |
| |
| Real estate observers turn wary eye at Trinity - 1/19/2010 |
| Church owned real estate firm negotiated in bad-faith experts say |
| |
| MTA executive cedes that the agency is plagued with inefficiencies - 1/15/2010 |
| After his first 100 days in office, Jay Walder strikes reformist agenda |
| |
| Yearend stats show that the '09 was one of the worst years on record for leasing - 1/13/2010 |
| But pickup in activity during the latter part of the year bodes well for a better 2010 |
| |
| Using denser layouts, firms are squeezing into less space - 1/12/2010 |
| Trend could slow recovery but it could also boost the market for buildings that can accommodate more efficient layouts |
| |
| Two city tenants renew at 60 Broad Street - 1/11/2010 |
| Deal comes on the heels of extension by three large state tenants in the building |
| |
| Sweet life in Brooklyn - 1/8/2010 |
| Plans unveiled for mixed-use development at former sugar refinery |
| |
| State is saving on rental costs by using its heft to work the market downturn - 1/8/2010 |
| Three large tenants restructure lease at 60 Broad to realize significant savings |
| |
| UBS sells stake at 299 Park Avenue - 1/8/2010 |
| Bank sells 49.5 percent minority interest in office tower for $335 million |
| |
| State officials want to seed upstate with Wall Street related jobs - 1/7/2010 |
| Governor's plan is to fuse existing infrastructure and skilled labor with the state's biggest economic engine to capitalize on financial industry's full job potential |
| |
| Moinian announces a trio of refinance deals - 1/6/2010 |
| Extensions and restructuring for three downtown properties comes as positive news |
| |
| Time Warner Cable inks deal at 1633 Broadway - 1/6/2010 |
| Lease taken for growth and relocation |
| |
| Three large government tenants ink renewal at 60 Broad Street - 1/5/2010 |
| But deal creates questions over government leasing commitments to Freedom Tower |
| |
| Busier than ever, Stephen Meister is at the forefront of commercial distress - 1/4/2010 |
| Meister's practice is handling some of the biggest real estate meltdowns yet, but it's the residential market that has him really concerned |
| |
| Jack Jaffa & Associates helping landlords avoid and cure violations - 12/31/2009 |
| As city is serving up more citations amid falling revenues, Jack Jaffa rolls out software to help landlords head off the problem |
| |
| Energy efficiency legislation signed into law - 12/29/2009 |
| Bills largely allow real estate industry to retrofit buildings with green building systems where economics permit |
| |
| OppemheimerFunds cruising for large block - 12/28/2009 |
| But will Brookfield let the company go with so much vacancy set to open up at World Financial Center |
| |
| Moses Sioni keeps on doing deals - 12/22/2009 |
| Specializing in unsexy part of the market pays off |
| |
| J. Crew takes expansion at 770 Broadway - 12/22/2009 |
| Retailer will close to signing 60,000 s/f office deal with Vornado |
| |
| Citibank and JP Morgan putting up more sublease space - 12/21/2009 |
| Space sends mixed signals at a time when brokerage industry is hoping that the market is on the road to recovery |
| |
| Simon & Schuster said to renew 275K s/f Rock Center lease - 12/18/2009 |
| Early extension indicative of eagerness among tenants to cash in on cheap rents and of landlord's desire to avoid big vacancies |
| |
| Law firm does one year renewal in Swig building - 12/17/2009 |
| After big case, firm is poised to expand, but uncertainty over Swig's situation could impact where it ends up |
| |
| Rechnitz resigns from Africa Israel - 12/16/2009 |
| Former acquisitions director to launch his own firm |
| |
| Forest renews at 909 Third Avenue - 12/15/2009 |
| Pharmaceutical company signs 151,000 s/f deal |
| |
| Business and construction groups bemoan Kingsbridge Armory rejection - 12/15/2009 |
| Council rejects $300 million plan over wage concerns |
| |
| Tishman Speyer reaches deal to stabilize Stuy Town - 12/14/2009 |
| Agreement will reinsert 4,400 units back into rent stabilization |
| |
| Welcome aboard - 12/11/2009 |
| Macklowe welcomes SL Green to 510 Madison |
| |
| Samsung signs 193,000 s/f Jersey HQ lease - 12/11/2009 |
| Major turn-around for former REO asset |
| |
| Durels talks up SL Green's structured finance deals at REBNY panel - 12/10/2009 |
| 510 Madison deal is just a finance position... for now |
| |
| Sources say there may be a big deal brewing at 11 Times Square - 12/10/2009 |
| Proskauer Rose said to be considering brand new but vacant tower |
| |
| Boston Properties hangs work of famed artist in 601 Lexington's atrium - 12/9/2009 |
| New York has needed a meeting spot since the Biltmore clock was taken down, could it now be "under the Stella"? |
| |
| Heineken said to be looking at a deal at 245 Park Avenue - 12/8/2009 |
| Deal would put beer maker right across the street from one of its chief rivals |
| |
| 510 Madison set for a mortgage shakeup? - 12/8/2009 |
| Sources say some kind of "capital injection" is near |
| |
| Arch Insurance renews and expands at One Liberty Plaza - 12/4/2009 |
| Insurance company takes advantage of cheaper rents to move ahead with growth strategy |
| |
| Gibson Dunn said to finish renewal deal - 12/4/2009 |
| Law firm stays in place at 200 Park Avenue |
| |
| SL Green begins forclosure on 620 Avenue of the Americas - 11/25/2009 |
| Issues notice of auction tied to the mezzanine interest it holds in the property |
| |
| SL Green says that 620 Avenue of the Americas is in default - 11/20/2009 |
| Owners missed October debt service payment and have now defaulted on mezzanine debt |
| |
| Real estate executives give daunting outlook for the market - 11/20/2009 |
| Even though distress could be coming, real estate investors talk up overseas investment |
| |
| Zucker buys North Shore Country Club - 11/18/2009 |
| Developer looking to put golf course back on the map, attract more tournaments |
| |
| DiNapoli describes Wall Street's rebound at ABNY - 11/18/2009 |
| But even if financial revenues begin to come back, comptroller says that state has to stop spending beyond its means |
| |
| Spinola warns about commercial rent control - 11/18/2009 |
| Bill in City Council could limit what landlords are able to charge in renewal deals |
| |
| Dick Anderson questions whether authorities reform will hurt construction industry - 11/18/2009 |
| Comptroller oversight could slow the state from awarding contracts |
| |
| LeFrak says 2011 holds the biggest real estate bargains in a generation - 11/17/2009 |
| FDIC continues to seize banks, which could lead to discount deals, but also further economic tumult |
| |
| Jay Goldman & Co. forced to make rental deposit to avoid eviction at 510 Madison - 11/16/2009 |
| Court set to still evaluate tenant's claims that building wasn't ready for occupancy on time, a judgment that could determine whether Goldman is owed compensation or allowed to break from its pricey deal |
| |
| Cooper Union honors Urban Visionaries - 11/13/2009 |
| Event co-chair Charles Cohen tips hat to Yoko Ono, Cesar Pelli |
| |
| Dai Nippon renews 15,000 s/f lease - 11/13/2009 |
| Tenants are tempted by rival landlords, but many are still renewing |
| |
| Spector Group expands in Middle East - 11/13/2009 |
| New York architects announce two new operations |
| |
| 620 Avenue of the Americas in default according to data tracking firm - 11/12/2009 |
| Landlord Yair Levy says that the building is in strong financial shape and says that it is current on its debt service |
| |
| Coventry hits DDR with $500 million suit - 11/11/2009 |
| Alleged mismanagement and conspiracy to profit at Coventry's expense ruins once-sweet partnership |
| |
| Did you hear the one about the broker .... - 11/10/2009 |
| Business leaders line up for night of comedy |
| |
| Living Landmarks - 11/10/2009 |
| George Kaufman among Landmarks Conservancy honorees |
| |
| Peter Duncan compares Worldwide to the best bargains in midtown - 11/10/2009 |
| If firm leases large block of vacancy they'll "look like heroes" |
| |
| Vantone buys apartment near WTC site - 11/5/2009 |
| Chinese real estate firm pays almost $2 million for unit at Riverhouse |
| |
| Credit Suisse wins rent from Sapir Organization - 11/5/2009 |
| Swiss bank wins judgment after Sapir tries to stiff the tab |
| |
| GFI's 470 Vanderbilt blazes a path to success - 11/3/2009 |
| Bought at the top of the market, building is one of the few investments from that period to go exactly as planned |
| |
| Deloitte said to scoping out market for large block of space - 11/3/2009 |
| The firm's expiration is years away but it is said to be at least looking at a few locations in midtown |
| |
| Acre Properties teams with WSP Group - 11/2/2009 |
| New venture aims to help lender and developers stave off having to fire sale broken development projects |
| |
| Stone & Young takes a floor at Lever House - 10/30/2009 |
| Park Avenue trophy building one of the few netting rents in the triple figures |
| |
| Brookfield still uncertain about Merrill - 10/29/2009 |
| Doesn't know just how much space the investment bank will give up at World Financial Center |
| |
| Human Resources Administration said to be in talks for large lease in Downtown Brooklyn - 10/29/2009 |
| Agency would take more than 400,000 s/f in 470 Vanderbilt |
| |
| Correction: Gary Barnett responsible only for certain interest payments on Barclays mortgage - 10/29/2009 |
| Real Estate Weekly incorrectly stated in an article earlier this week that Barnett could be responsible for the entire balance of a $28.8 million loan that his firm has recently defaulted on |
| |
| Boston Properties erases vacancy woes - 10/28/2009 |
| Landlord was handed 570,000 square feet due to defaulting tenants, but in a year's time has re-leased most of it |
| |
| Funny Business - 10/27/2009 |
| CBRE chairman of global brokerage tries his hand at stand-up comedy |
| |
| J-51 ruling costly for Stuy Town but impact on the rest of the city unclear - 10/27/2009 |
| Tishman Speyer isn't he only landlord affected by decision |
| |
| Zuckerman addresses AIPAC real estate division - 10/27/2009 |
| Capacity crowd turns out for Boston Properties chairman |
| |
| Exell Development defaults on $28 million loan tied to Tenth Avenue development parcel - 10/26/2009 |
| Barclays says Extell chief Gary Barnett signed a personal guarantee and is on the hook for the loan |
| |
| In the end, J-51 case came down to the interpretation of just a few words - 10/23/2009 |
| Court slaps down Tishman Speyer's, MetLife's and DHCR's reading of the law |
| |
| Tenants win in Stuy Town J-51 case - 10/22/2009 |
| Tishman Speyer's record breaking purchase of 11,000 unit complex appears doomed |
| |
| CBRE faces off with JLL in WTC arbitration - 10/21/2009 |
| Testimony from brokerage firms hints that the health of the office market downtown and the need for WTC commercial space may play a role in the outcome of the case |
| |
| Hachette said to be considering lease at 777 Third Ave. - 10/21/2009 |
| Avon has been looking there too according to sources |
| |
| Lek deal indicative of the concessions landlords are willing to make to secure deals - 10/21/2009 |
| Firm received a host of incentives to do deal at One Liberty |
| |
| Goldman Sachs' real estate decisions come with twists and turns - 10/20/2009 |
| Firm's take back of 260K s/f it had been marketing at One Liberty an example of the way it has circled back on previous real estate decisions |
| |
| High end segment of the Manhattan leasing market showing signs of life - 10/20/2009 |
| RFR signs handful of pricey deals at Lever House |
| |
| Lek takes 14K s/f on top floor of One Liberty - 10/19/2009 |
| Will pay rents reaching $60 per square foot in one of the priciest downtown leases to get done in recent months |
| |
| Mosler steps down as C&W chief - 10/16/2009 |
| Oversaw boom times and tough times |
| |
| Goldman Sachs said to be pulling 260K s/f at One Liberty off the market - 10/16/2009 |
| Firm is booming again and brokers are whispering that maybe it won't dump as many s/f |
| |
| Buyers tapping note sales to snatch deals in moribund investment market - 10/15/2009 |
| But although distressed mortgages usually come at sharp discounts, they come with hurdles |
| |
| STV close to 100K s/f expansion and renewal at 225 and 233 Park Avenue South - 10/14/2009 |
| Deal will put design and engineering firm in the building until 2024 |
| |
| Massey Knakal 3Q data shows '09 Manhattan sales market worst on record - 10/13/2009 |
| But according to company's chief executive Robert Knakal, activity is gradually picking up from historic lows |
| |
| Sheldon Solow's lawyers allege that Citibank liquidated developer's assets on the cheap - 10/12/2009 |
| Bank sold collateral Solow pledged against half billion dollar loan, then bought it up at a discount developer claims |
| |
| UN shaves costs of capital plan - 10/9/2009 |
| Once over $200 million above budget, UN spokesman says cooling construction market will bring project back to original estimates |
| |
| UN Computing Center takes space 730 Third Avenue - 10/8/2009 |
| Signs deal for tower floor just a few weeks after large UN lease in the building |
| |
| Kravet weathers tough times for title industry - 10/8/2009 |
| Like most real estate service providers, Kravet's business is down, but when it picks back up it may be just because of his matchmaking |
| |
| 510 Madison Avenue dropping rents and offering richer concessions - 10/7/2009 |
| Leasing team boosting efforts to land tenants at empty tower |
| |
| CBRE reports suggests 2009 could be the slowest leasing year on record - 10/7/2009 |
| Still, company's brokers say the the market has likely reached or is near the bottom |
| |
| Blue Man Group sells Soho office condos - 10/6/2009 |
| Prices are down and some tenants are eager to buy |
| |
| United Nations signs 120K s/f deal - 10/6/2009 |
| Takes space being offered by TIAA-CREF at 730 Third Avenue |
| |
| Topshop expanding in Soho - 10/6/2009 |
| Retailer adding a few thousand square feet to its popular store |
| |
| Capital One alleges theft and damage at Warehouse 11 project - 10/5/2009 |
| Bank seeking to place control of property in hands of receiver |
| |
| SL Green suing to take control of 620 Avenue of the Americas - 10/2/2009 |
| Another broken deal for troubled real estate investor Yair Levy |
| |
| New accounting standards could require disclosure of commercial leases - 10/1/2009 |
| Could make tenants wary to commit to long term deals |
| |
| No distressed deals yet, but when they experts say foreigners will have their day - 9/25/2009 |
| Still, the market is unforgiving to "remote owners" |
| |
| Real estate executives forecast 20% vacancy rate downtown - 9/24/2009 |
| Office district could fracture into an east and west |
| |
| GGP chief sees slow growth for retail sector - 9/23/2009 |
| "Flat is the new up" |
| |
| Charles Cohen completes deal to buy 465 Park Avenue retail condo - 9/22/2009 |
| Pays Shorenstein Properties $23 million |
| |
| Suit at 375 Pearl threatens development plan - 9/21/2009 |
| City Construction Fund claims it was cheated on development deal with Verizon |
| |
| Real estate executives feel market has bottomed - 9/18/2009 |
| Market will bump along the bottom this year and next but start tightening again in 2011 |
| |
| Tighe to lead REBNY - 9/8/2009 |
| Mary Ann Tighe first woman to chair powerful board |
| |
| High stakes talks reach climax on eve of 9/11 anniversary - 9/8/2009 |
| Port Authority and Silverstein set to enter arbitration |
| |
| Owners look for end to month-to-month retail - 9/8/2009 |
| Fewer landlords will resort to short-term leases as holiday sales get underway |
| |
| C.V. Starr said to be in talks for big lease 399 Park - 8/27/2009 |
| Would be second large lease at trophy tower in a week |
| |
| Carbon spewing, globe warming yes, but light bulbs may still outshine their more efficient successors - 8/27/2009 |
| David Brooks unabashedly announces his love of light bulbs to state-energy panel, but that doesn't have to mean he embrace inefficiency |
| |
| iStar terminates 1095 6th lease - 8/25/2009 |
| One of the priciest deals of the real estate boom unravels |
| |
| Port Authority hands over WTC parcel for Tower 2 - 8/24/2009 |
| Says that Silverstein's ground rent will resume |
| |
| Ward describes complexity of building Greenwich Street - 8/20/2009 |
| Invites Council to have him back to discuss progress |
| |
| Will the Port Authority try to hand over Tower 2 site at hearing today and restart WTC rent? - 8/19/2009 |
| Suspicions circulate in Silverstein's camp |
| |
| At Council hearing today, Port Authority/Silverstein dispute on full display - 8/19/2009 |
| Impasse continues as WTC conflict heads to arbitration |
| |
| CBRE data shows summer pickup in leasing - 8/19/2009 |
| Sales continue to be dismal |
| |
| If Cayre is a shoe-in for 452 Fifth, what will he pay? - 8/13/2009 |
| Sources see discount deal if HSBC plans to vacate space at the tower |
| |
| Tribeca Associates trying to restructure 330 Hudson ground lease - 8/13/2009 |
| Trying to mothball project and wait for better times |
| |
| With decision to unwind funds, what will happen to Atticus Capital's GM space? - 8/13/2009 |
| Firm says it has no plans to give up high priced office, but according to source, that's what they all say |
| |
| Future isn't clear even for buildings that are 'underwater' - 8/11/2009 |
| Lenders so far haven't been eager to take back even non-performing commercial real estate |
| |
| SL Green structures deal to sell 485 Lexington Avenue - 8/10/2009 |
| Deal values building at just over $500 million, more than $70 million less than SL Green refinanced it for in 2006 |
| |
| Jobs fall by 247,000 in July - 8/7/2009 |
| Employment situation appears to improving over the stark losses earlier this year |
| |
| iStar takes over Trump Plaza in Jersey City - 8/7/2009 |
| Metro Homes chief executive says that deal will give him cash to capitalize on distress and focus on other projects |
| |
| Paterson and Ward slam Silverstein from WTC arbitration - 8/5/2009 |
| Paterson is "deeply disappointed" |
| |
| Witkoff said to be in contract to buy $40 million note tied to Delmonico condo - 8/5/2009 |
| Deal is another sign that the note sales are a path many lenders will take to unload distressed assets |
| |
| Silverstein says he is taking the Port Authority to arbitration - 8/4/2009 |
| Impasse at World Trade Center site for private 3-person panel to decide |
| |
| Silverstein rejects Gov. Paterson's WTC proposal - 8/3/2009 |
| Impasse continues |
| |
| Colliers ABR market report sees less severe layoffs - 8/3/2009 |
| Vacancy and rents continue to deteriorate but there is a silver lining firm says |
| |
| New York State deficit swells - 7/30/2009 |
| State now facing $38.2 billion cumulative gap by 2013, over $13 billion beyond previous estimate |
| |
| Comptroller candidates meet with construction industry - 7/29/2009 |
| Outline how they would foster vital government spending for the industry |
| |
| Cushman & Wakefield relocating downtown office - 7/28/2009 |
| Concentrating brokerage in new location |
| |
| FTA head concerned about further WTC hub overruns - 7/26/2009 |
| Project could go beyond its already bloated $3.2 billion budget because of impasse between Port Authority and Larry Silverstein |
| |
| Schools taking advantage of discount market - 7/24/2009 |
| La Scuola d'Italia “Guglielmo Marconi” looking for 45,000 square feet
|
| |
| Seagram Building signs a string of triple figure deals - 7/23/2009 |
| Market may not be what it once was, but Park Avenue icon still nabbing among the city's highest rents |
| |
| East River Science Park gains anchor tenant - 7/22/2009 |
| ImClone to take 90,000 square feet in new complex, which the city hopes will draw tenants from the science and medical fields to Manhattan |
| |
| Moody's report shows property prices fell at rapid rate in May - 7/22/2009 |
| But silver lining could be that deterioration is beginning to slow |
| |
| Two financial firms take remaining sublease space at 7 WTC - 7/21/2009 |
| ABN Amro leases virtually all of the 140,000 square feet it took in the tower in 2006 and then never occupied |
| |
| Some real estate experts say that despite downturn, distress sales may not materialize - 7/21/2009 |
| AvalonBay opening up services to help lenders foreclose and hold on to properties rather than conduct cut-rate sales |
| |
| Need for TALF seems less urgent given signs of recovery in the financial sector - 7/16/2009 |
| But concerns over a feared wave of mortgage defaults is slumbering, not gone expert says |
| |
| CB Richard Ellis releases more dismal stats for opening half of '09 leasing - 7/15/2009 |
| Year off to slowest pace since company began keeping official stats in the '80s |
| |
| Cushman & Wakefield report shows depths of market slowdown - 7/14/2009 |
| First half of 2009 slowest year in leasing in 20 year firm reports |
| |
| High end deals beginning to percolate - 7/13/2009 |
| Recent leases suggest that the market for exclusive offices peak in the high double digits, but no longer above $100 per square foot |
| |
| Showtime said to have renewal deal in the works at 1633 Broadway - 7/13/2009 |
| Firm had browsed market but stayed for what sources speculate was a bargain deal |
| |
| Next week's market reports will be no surprise - 7/9/2009 |
| So far 2009 has been a dark year for leasing |
| |
| Pick up in leasing deals in midtown... or at least on 52nd Street - 7/8/2009 |
| Brokers say they're starting to see activity as a handful of big deals get done |
| |
| Subleases said to be pending for Claiborne space in Union Square - 7/7/2009 |
| Firm took space for Rodriguez label then subleased when partnership split |
| |
| WTC impasse heading to arbitration - 7/6/2009 |
| Silverstein triggers 10-day deadline for compromise with Port Authority |
| |
| Job market loses 467,000 jobs in June - 7/2/2009 |
| Uptick in losses after May's sign of hope |
| |
| Port Authority's calculus for resisting deal with Silverstein is pessimistic sources say - 7/1/2009 |
| Transit hub has eliminated financial wiggle room at the WTC site |
| |
| WTC site likely marred by further delays and overruns experts say - 6/30/2009 |
| WTC PATH Hub will likely be behind schedule and over budget and will likely push back completion of memorial |
| |
| GDP contracted by 5.5 percent in the first quarter - 6/25/2009 |
| Decline linked to sharp decrease in nonresidential real estate investment |
| |
| Deals starting to percolate in the market? - 6/25/2009 |
| A pair of leases get done at what appear to be sturdy rents amid the downturn |
| |
| Landlords starting to push back against bargain hunting tenants - 6/24/2009 |
| Some say the worst is over for the office downturn and aren't willing to do cut rate deals |
| |
| Deutsche Bank said to back out of Worldwide deal to try all cash sale - 6/23/2009 |
| Bank wouldn't hold ownership stake in revised approach sources say |
| |
| Instinet close to a 100K s/f deal at 1095 Sixth Avenue - 6/22/2009 |
| Firm will take over lowest three office floors from ailing real estate financing firm Centerline Capital |
| |
| Trepp selected to analyze credit quality of TALF collateral - 6/16/2009 |
| Real estate data firm will make sure CMBS notes meet Fed standards to access the government loan facility for real estate |
| |
| Brokers say that big tenants are starting to scan the market for space - 6/15/2009 |
| After deep market lull, some experts see pickup in activity |
| |
| Some brokers see leasing beginning to pick up - 6/12/2009 |
| Signs of life for market that has been in deep freeze for months |
| |
| City unveils $200 million of tax free bonds for commercial development - 6/10/2009 |
| Program will offer projects a lifeline of cheaper capital, but will there be any buyers for the bonds? |
| |
| 70 Pine Street and 72 Wall Street sold - 6/9/2009 |
| Foreign money sweeps in to grab distressed AIG towers |
| |
| Worldwide Plaza sale could be a template for distressed deals brokers say - 6/8/2009 |
| Way for bank to participate in upside and secure reasonable value while giving buyer the guarantees to get a deal done |
| |
| U.S. economy loses 345,000 jobs in May, unemployment reaches 26-year high - 6/5/2009 |
| Still, the pace of job letting appears to be slowing, indicating that the worst may be over during the current downturn |
| |
| State secures support for pension reform and work reductions from two large unions - 6/5/2009 |
| Measures will ease burden on real estate to make up for sagging revenues |
| |
| Zuckerman reveals that Proskauer backed out of Eighth Avenue development deal - 6/4/2009 |
| Boston Properties chief is still hopeful that tower will eventually get built |
| |
| George Comfort and partner said to be buyers of Worldwide Plaza - 6/4/2009 |
| Source says that buyers paid $300 per square foot |
| |
| Citigroup Center's new lobby the pathway for a new address - 6/3/2009 |
| Building's landlord Boston Properties says decision for name change predates economic problems, but if there was ever a time to part with Citigroup moniker, this would be it |
| |
| CBRE Investors dishes on 1540 Broadway acquisition - 6/2/2009 |
| Firm sees market turnaround in 2011 and returns in the teens on its $355 million purchase |
| |
| Governor to announce public private infrastructure plan this morning - 6/1/2009 |
| Commission on asset maximization expected to produce report rejecting monetization deals |
| |
| State announces board to oversee public/private infrastucture partnerships - 6/1/2009 |
| Seeks to fill shortfalls in public investment in infrastructure with private dollars |
| |
| Real estate experts fear commercial foreclosures could weigh heavily on the economy - 5/29/2009 |
| Defaulting loans caused by ongoing credit crunch could sink banks just as they're beginning to recover |
| |
| Beekman to proceed - 5/29/2009 |
| Forest City Ratner says it's able to arrange work rule changes to trim the project's cost |
| |
| Officials fear TALF funding to real estate will not be enought to stave off widespread foreclosures - 5/28/2009 |
| Facility will help high quality loans, but vast swaths of the market appear illiquid |
| |
| State commission to release report on how to tap infrastructure to plug budget gaps - 5/26/2009 |
| Commission passes up monetization deals in favor of partnerships to develop infrastructure |
| |
| Silverstein releases CBRE study that predicts strong rents for WTC buildings - 5/22/2009 |
| Study counters competing projections by rival firm Cushman & Wakefield |
| |
| Capital One selling off Warehouse 11 debt - 5/21/2009 |
| One of the first construction projects to go to the auctioning block in what experts say will be a wave of distressed sales |
| |
| Matt Van Buren promoted to executive managing director at CBRE - 5/18/2009 |
| Running the firm's midtown brokerage operation in one of the most difficult marketss in recent history, Van Buren remains an optimistic |
| |
| Law firm Gibson Behman signs 7K s/f deal at 14 Wall - 5/16/2009 |
| Building continues to attract tenants despite downturn |
| |
| Agreement between developers and construction unions again postponed - 5/16/2009 |
| Thursday deadline comes and goes without deal |
| |
| CourtAlert rolls out lis pendens service - 5/15/2009 |
| Highlights growing industry springing up to help real estate industry sell distressed assets |
| |
| Real estate experts tell brokers how to survive - 5/14/2009 |
| Don't turn up your nose at small deals and there's nothing like a little shameless guile |
| |
| Lender begins foreclosure on 150 West 15th Street - 5/14/2009 |
| But developer has bold plan to possibly save the deal |
| |
| Clarmemont said to reconsider 100 Church deal - 5/13/2009 |
| Deal isn't dead, but Claremont says it's looking elsewhere in what could be a symptom of increasingly competitive office market |
| |
| AIG sells Japanese HQ - 5/12/2009 |
| Is 70 Pine on the way? |
| |
| GGP's decision to pull SPEs into bankruptcy was necessary - 5/12/2009 |
| Experts argue that company's controversial move will allow it to emerge from collapse |
| |
| Speaker Silver calls for action at the World Trade Center site - 5/8/2009 |
| Port Authority continues to express reluctance to saddle the risk of Silverstein tower development |
| |
| Economy loses 539K jobs in April - 5/8/2009 |
| Numbers are bad, but not as bad as the first quarter sparking hopes that job letting has bottomed out |
| |
| Tough real estate market has tempers flaring - 5/6/2009 |
| Buyers and sellers nitpicking deals as slumping market prompts growing scrutiny over values |
| |
| Producers of film Gomorrah can't back up their claim of mob ties at WTC site - 5/4/2009 |
| Film says Camorra is involved at the site, but filmmakers can't explain how |
| |
| SL Green continues to face debt concerns but analysts like the company's share price - 5/1/2009 |
| Barclays and Goldman Sachs think SL Green will weather downcycle and find ways to pay down over $7 billion in outstanding debt |
| |
| GDP sinks - 4/29/2009 |
| Economy contracts dramatically for second straight quarter |
| |
| Edison Properties diversifies against downturn - 4/28/2009 |
| Company's different product offerings allow tenants to segue from one to the next during a difficult time in the market |
| |
| Tata Consultancy signs deal at 1 World Financial Center - 4/27/2009 |
| Firm part of growing influx of Indian outsourcing firms eager to lease space in the city |
| |
| Deutsche Bank report estimates wave of foreclosures over the next decade - 4/24/2009 |
| Report says that the notion of lenders simply extending loans to dodge the refinancing issues ahead is a widely held misconception |
| |
| City unveils plan to mandate green retrofits in city buildings - 4/23/2009 |
| But according to real estate and energy experts, the devil is in the details |
| |
| Residential building permits down 80 percent from last year - 4/22/2009 |
| NY Building Congress says that the boom of residential construction is over |
| |
| Did Senator Feinstein seek to reward the FDIC? - 4/21/2009 |
| According to Washington Times report Senator Feinstein sought to give depository insurer billions on the heels of its selection of CBRE as broker of seized properties - the firm where her husband is chairman of the board
|
| |
| Port Authority executives refuse to back Silverstein's WTC towers - 4/16/2009 |
| At board meeting this afternoon, authority leaders say that Silverstein will have to build towers on his own and that hopefully an impasse will not bog WTC site back down in delays |
| |
| Silverstein says Port Authority dragging his name through the mud - 4/15/2009 |
| Reps seek to defend Silverstein's role at the site even as he asks authority to saddle WTC risk |
| |
| Silverstein blames Port Authority for tower delays - 4/14/2009 |
| Says authority uses the press to drag his name through the mud |
| |
| Deputy mayor Lieber says smaller capital plan wouldn't shrink construction jobs - 4/14/2009 |
| Says city has to get its arms around pension and healthcare costs or risk becoming GM |
| |
| CBRE predicts that Manhattan office market has begun to stablize - 4/8/2009 |
| Company's New York chairman John Powers predicts that decline in leasing market will be milder than past recessions despite severity of current economic problems and damage to the city's financial sector |
| |
| Proskauer extends renewal option - 4/8/2009 |
| Firm negoatiating to renew big lease at 1585 Broadway |
| |
| Manhattan leasing activity the lowest on record for 1Q of 2009 - 4/7/2009 |
| Cushman & Wakefield report shows impact of economic problems on the Manhattan office market |
| |
| Tishman Speyer wins right to appeal J-51 decision - 4/6/2009 |
| Case, which could submit Stuy Town owner and other landlords to millions in reimbursements, will go to the state's highest court |
| |
| Zell, Roth and Mack imagine a bumpy road ahead for real estate - 4/3/2009 |
| Distress selling will drag out before money on the sidelines jumps in |
| |
| With slow market could Facebook be a deal making tool? - 4/2/2009 |
| Online, professional and personal lives intersect, but is it a good thing? |
| |
| State budget hits real estate sector - 3/31/2009 |
| Doesn't challenge Big Labor while heaping taxes on the wealthy |
| |
| Steiner calls costs attached to WTC transit hub steel order "unconscionable" - 3/30/2009 |
| Phoenix construction's contract is "outrageous" |
| |
| City outlines $261 million in stimulus funds received - 3/30/2009 |
| Will pay for infrastructure work around the city and free up the city's capital budget to indirectly supplement an array of other projects |
| |
| Real Estate Roundtable says TALF will restart CMBS market - 3/27/2009 |
| But giant government lending facility not expected to help the wash of properties "underwater" |
| |
| Port Authority completes deal with Vantone at Freedom Tower - 3/26/2009 |
| Officials envision lease as first step in making Manhattan a gateway for business development between U.S. and China |
| |
| ESDC's power shifting steadily upstate - 3/25/2009 |
| While Mullen's role continues to expand, the Governor has yet to name a downstate president |
| |
| Mayor warns against millionaire's tax - 3/25/2009 |
| But with the state facing a staggering $16 billion deficit, the wealthy look like a likely target to boost revenue |
| |
| State announces that budget deficit has risen by another $1.8 billion - 3/24/2009 |
| Budget gap has swelled $3.2 billion this year, erasing measures to ease state's dire fiscal situation just weeks before budget session |
| |
| Bloomberg's rehashes prediction that Silverstein could delay WTC rebuilding - 3/24/2009 |
| Developer has "no skin in the game" but a lot of the bargaining power to get financial backing from Port Authority |
| |
| Mayor Bloomberg announces help for freelancers - 3/23/2009 |
| Steps include creating office space in the mold of incubator spaces announced last month |
| |
| Harmon calls 1540's recent sale price strong - 3/20/2009 |
| Deal saw building trade for less than half of what it did in 2007 |
| |
| Letter from business groups urges state legislators to rescue MTA - 3/19/2009 |
| Coalition of groups wants to avoid fare hike which could come next week |
| |
| Meister will be REBNY's amicus curiae in J-51 case - 3/19/2009 |
| Lawyer says Supreme Court got Stuy Town ruling on rent deregulation all wrong |
| |
| Silverstein concedes that 99 Church Street is on hold - 3/18/2009 |
| Stretches WTC tower development as far as 2017 |
| |
| Judge says Mann can't stop Africa Israel from changing strategy at the Apthorp - 3/18/2009 |
| Decision allows Africa Israel to stave off foreclosure - for now |
| |
| CBRE market report shows midtown leasing continued to slump through February - 3/17/2009 |
| First quarter appears dismal for leasing market |
| |
| Incidence of bad construction brought before the Attorney General rises - 3/16/2009 |
| But are the complaints motivated by a sinking residential market? |
| |
| Aaron Gural dead at 92 - 3/13/2009 |
| Real estate investor amassed a large portfolio of office buildings and helped build the services firm Newmark |
| |
| Spinola applauds Governor for cutting proposed tax hikes - 3/12/2009 |
| But there are concerns a millionaire's tax may be on the way |
| |
| Spinola says that real estate has to get more involved in politics - 3/11/2009 |
| REBNY leader envisions grassroots campaigns to battle union tactics |
| |
| Africa Israel's hold on 229 West 43rd Street unclear - 3/11/2009 |
| Company reports major write down in building's value |
| |
| State alters $30 million incentive program to attract smaller firms downtown - 3/10/2009 |
| Officials working to create new financial jobs downtown as the sector crumbles |
| |
| REBNY president Spinola reports that TALF funds on the way - 3/10/2009 |
| Meeting with Senator Dodd on Monday, industry groups push to extend timeframe for government credit facility |
| |
| The New York Times finishes deal to sell and lease back headquarters - 3/9/2009 |
| Deal will raise $225 million and help the company pay debt obligations |
| |
| Colliers ABR report shows rents continue to slide - 3/9/2009 |
| Pfizer offsets uptick in sublease availability, but only on paper |
| |
| IBO predicts rising deficit for the city - 3/9/2009 |
| City may not be able to produce balanced budget declines are so severe |
| |
| Economy loses 651K jobs in February - 3/6/2009 |
| Report registers the stiffest preliminary estimate of losses yet during the recession |
| |
| Spitzers buy building in Washington D.C. - 3/6/2009 |
| Deal comes as Broadway Partners begins to dismantle its holdings, but does it mark the rise of Eliot Spitzer in real estate? |
| |
| Port Authority says WTC site could create 62,000 jobs - 3/5/2009 |
| Agency executives group project as part of wave of infrastructure spending that will stimulate economy |
| |
| Jobs fall sharply in New York at end of '08 and into '09 - 3/5/2009 |
| Unemployment rises statewide |
| |
| Durst's 4 Times Square to broadcast for city radio - 3/5/2009 |
| High definition will now broadcast Radio New York |
| |
| Officials urge restoration of IDA's bonding ability for non-profits - 3/4/2009 |
| Bonds would allow civic projects to go forward and create jobs and economic stimulus according to officials |
| |
| GDP plummets in fourth quarter of 2008 - 2/27/2009 |
| Sharpest economic contractions of the recession seen |
| |
| Paterson says he'll push legislature harder to pass Ravitch Plan - 2/25/2009 |
| As questions swirl over Governor's leadership ability, Paterson sets deadline for action |
| |
| Sapir negotiating to put school in 100 Church Street - 2/24/2009 |
| Claremont Prep would take roughly 150K s/f for new high school in Lower Manhattan |
| |
| Appraisers have tough time valuing real estate assets amid slowdown - 2/23/2009 |
| With deals few and far between, it's tough to tell what a property should be worth |
| |
| Start of tunnel boring means city will be on the hook for Hudson Yards bond payments - 2/20/2009 |
| City will likely have to pay $100 million a year in interest longer than originally expected |
| |
| Summer lease by Chanel may be the most expensive deal for quite some time - 2/20/2009 |
| Fashion house paid $200 psf at 9 West just before the economic meltdown |
| |
| Elliott Advisors renews short term at 712 Fifth - 2/19/2009 |
| Space that traded in the triple figures signs now trades in the double digits |
| |
| City unveils 11-step plan to rebuild business in the city - 2/18/2009 |
| Program hinges on incubating new businesses |
| |
| Climate study shows Manhattan could experience flooding in the coming decades - 2/17/2009 |
| City investigating "adaptation strategies" |
| |
| City may have to service Hudson Yards bonds for longer than originally anticipated - 2/17/2009 |
| With development delayed in Hudson Yards, city will have to fund debt service on bonds for infrastructure in the meantime |
| |
| O Positive takes 5,000 square feet - 2/13/2009 |
| Violator Management scratches plans for growth amid downturn |
| |
| It's hard to do deals if you don't know what rent to charge - 2/12/2009 |
| Brokers scan the slow leasing market for reference points on what space is worth |
| |
| Major brokerage trim commissions for brokers - 2/12/2009 |
| After speculation CBRE joins C&W and Newmark |
| |
| Is Hollywood ready for Charles Cohen? - 2/11/2009 |
| Cohen executive producer of Oscar nominated film |
| |
| Fed boosts TALF and opens it to CMBS - 2/10/2009 |
| Could boost a real estate sales market cut off from capital |
| |
| Ackman Ziff to create joint venture with Garnet Capital - 2/9/2009 |
| Group will focus on loan sales for distressed real estate assets |
| |
| Economy loses 598K jobs in January - 2/6/2009 |
| Job cuts accelerating as nation feel effects of deep downturn |
| |
| Vornado fills top floor of One Penn Plaza - 2/6/2009 |
| Petry Media signs for 17,000 square foot space |
| |
| Bloomberg taking 180,000 s/f expansion - 2/5/2009 |
| Taking over Citigroup's lease at 731 Lexington |
| |
| Broofield's Ric Clark hints that Merrill maybe leaving World Financial Center - 2/5/2009 |
| Brookfield preparing to have a lot of space on its hands according to Clark |
| |
| Fashion Week to move - 2/3/2009 |
| Important industry event to go to Lincoln Center |
| |
| MTA's Sander said that $500 million in fed money could finish Fulton - 2/2/2009 |
| Long delayed transit hub has swelled to $1.4 billion |
| |
| Silver urges Port Authority to consider independent oversight - 1/29/2009 |
| Port executive director Chris Ward says authority's milestones are enough |
| |
| Construction industry works to lower its labor costs - 1/28/2009 |
| With prospect of little development ahead industry is more willing to tighten its belt |
| |
| Cost to replace parkland on Yankee Stadium site rises - 1/27/2009 |
| City now on the hook for nearly $200 million, 67% above original estimates |
| |
| Moore Stephens takes 6,000 s/f at 317 Madison Avenue - 1/26/2009 |
| Refocus among tenants on value |
| |
| New York Times in talks to sell headquarters - 1/23/2009 |
| Deal would generate $225 million for cash strapped company |
| |
| Even a monkey could sell it? Knakal doesn't think so. - 1/22/2009 |
| Sales brokers are finding they have to prove themselves all over again during real estate bust cycle |
| |
| Proskauer to go to 11 Times Square? - 1/21/2009 |
| Deal would be coup for SJP Properties |
| |
| As leases grind to a halt, so too does the real estate rumor-mill - 1/20/2009 |
| Once a glorious pipeline of market rumblings, few brokers have anything to feed the grapevine these days amid recession |
| |
| Mann Realty booted from managing conversion of Apthorp - 1/19/2009 |
| Feil Organization steps in to avoid foreclosure proceedings by one of the project's lenders |
| |
| Red Pine Advisors signs on for 6K s/f at 555 Madison - 1/16/2009 |
| Deal is another example of how tenants are commanding much greater leverage in deals |
| |
| Gosin urges brokers not to waste a good recession - 1/15/2009 |
| Recalling his own tough start in leasing during the dismal 1970s, Gosin said that focus and hard work can overcome scarcity of deals |
| |
| CBRE predicts tough year ahead for office market - 1/14/2009 |
| Vacancy could rise by 5% |
| |
| Vantone said to still be working on expansion - 1/14/2009 |
| Company said to be interested in taking 200K-300K s/f more in the Freedom Tower |
| |
| CBRE's Steve Siegel unveils council to create real estate ties between U.S. and China - 1/13/2009 |
| Legendary Manhattan real estate executive positions himself to broker what he expects will be a wave of Chinese investment in Manhattan |
| |
| Paterson and Schumer reiterate need for federal aid as part of stimulus package - 1/12/2009 |
| Without it, “t would be like robbing Peter to pay Paul,” Schumer says
|
| |
| Over 500,000 jobs lost in December - 1/9/2009 |
| Economy keeps shedding positions as recession appears to worsen |
| |
| IBO report shows city's fiscal outlook deteriorating - 1/8/2009 |
| City revenues fall and layoffs expand beyond even recent projections |
| |
| Governor Paterson says economy has to be transformed in state address - 1/7/2009 |
| Outlines plans for green economy |
| |
| Paterson calls again for infrastructure spending - 1/7/2009 |
| Says other stimulus doesn't work because the "American public has wised up" |
| |
| Leasing activity plunges in 2008 - 1/6/2009 |
| Cushman & Wakefield report shows that city's office market is straining under the recession |
| |
| Canadian investors to play big role in distress buy up? - 1/6/2009 |
| Could Canada be to real estate in 2009 what Japan was in the early 90s? |
| |
| Jeffrey Metz joins Adam Leitman Bailey P.C. - 1/5/2009 |
| Well known lawyer represented landlord in historic case |
| |
| Tenants seeking to appeal eviction at Manhattan House - 1/5/2009 |
| Lawyer Adam Leitman Bailey represent tenant group that wants to remain market rate rental in condo building |
| |
| Real estate has tough '09 according to economist Sam Chandan - 1/5/2009 |
| Gives sobering analysis at NRC luncheon |
| |
| Paterson sends letter to Obama outlining stimulus - 12/30/2008 |
| Governor wants $11.7 billion infrastructure funds to create up to 350,000 jobs |
| |
| Tourism has record year in city in 2008 - 12/29/2008 |
| Tops last year and likely puts city ahead of Las Vegas and Orlando again |
| |
| Tishman coming close to definitive analysis of Stuy Town PCV - 12/18/2008 |
| Firm will know in the next two months if it can swap enough regulated tenants to make its deal a financial success |
| |
| Ravitch panel had contemplated doing nothing - 12/18/2008 |
| MTA's budget problems were so severe Ravitch had wondered if waiting till times were better was the best approach |
| |
| Taconic subleasing at 40 West 57th Street - 12/17/2008 |
| Firm joins long list of tenants who have moved to shed pricey spaces taken during boom times |
| |
| Fed lowers rates to as low as zero percent - 12/16/2008 |
| Historic cut made to combat deep recession |
| |
| Paterson releases state budget proposal - 12/16/2008 |
| Plan to limit spending growth to 1.1% and cut $15.4 billion deficit projected for 2010 |
| |
| Madoff scam involves numerous members of NYC real estate industry - 12/15/2008 |
| Ties to Fresh Meadows and Glen Oaks country clubs |
| |
| Spinola confident $2 billion will still come through for proposed downtown rail link - 12/15/2008 |
| But will more projects vie for the funds during the tough economic times? |
| |
| Arbitration panel says Port Authority still on hook for penalty payments at WTC site - 12/12/2008 |
| Has to pay millions to Silverstein |
| |
| Zuccotti wants to see spending on Moynihan not Second Avenue - 12/11/2008 |
| Project will "open the West Side" |
| |
| Port Authority unveils preliminary 2009 budget - 12/11/2008 |
| Freezes spending on operations but includes record $3.3 billion capital outlay |
| |
| Joe Grotto jr. is YM/WREA's man of the year - 12/11/2008 |
| Like father like son |
| |
| Landlords willing to build out office spaces and make other building improvement still drawing tenants - 12/10/2008 |
| Macklowe willing to construct offices at 510 Madison to spur deals |
| |
| Spinola calls for TARP funds for real estate - 12/10/2008 |
| Would help building owners avert "crisis mode" next year |
| |
| NY Times considers sale of Eighth Avenue headquarters - 12/9/2008 |
| Times Company scrambles to raise capital amid tough economic times |
| |
| Port Authority to remove WTC ramp - 12/9/2008 |
| One of the most visible components to be dismantled to make way for Memorial |
| |
| BofA gives SLG neutral rating - 12/9/2008 |
| SL Green looking to lower dividend |
| |
| Home Depot pulls out of Rego Park Lease - 12/8/2008 |
| Amid tough economic times, nation's biggest home improvement retailer does an about-face on a number of NYC deals |
| |
| Economy losses 533,000 jobs in November - 12/5/2008 |
| Job market worsening amid darkening economic situation |
| |
| Bank of America completes Merrill deal - 12/5/2008 |
| Real estate implications of the merger expected to be soon forthcoming |
| |
| Newmark office report shows the market is weakening - 12/5/2008 |
| Amount of sublease space is rising and rents are falling citywide |
| |
| WestLB comp released to the market - 12/5/2008 |
| Shows deal was the most lucrative ever done downtown per square foot |
| |
| Fried Frank Party a little more somber than usual - 12/4/2008 |
| Party goes on, but worries about the market was the chatter of the night |
| |
| Ravitch unveils MTA financing plan - 12/4/2008 |
| Includes mobility tax that would levy fees from businesses in the region and tolls on East and Harlem River bridges |
| |
| WestLB takes space in 7 WTC - 12/4/2008 |
| Big deal gets done amid market slowdown |
| |
| Michael Lehrman's opening comments at IMN - 12/4/2008 |
| Highlights both the devastation and opportunity in the lending markets |
| |
| Fed's Kroszner suggests how MBS market could come back - 12/4/2008 |
| Greater transparency needed |
| |
| Continued upheavel in real estate capital markets could lead to mass workouts in the city - 12/3/2008 |
| Lenders paint grim picture of lending market at IMN conference |
| |
| Manhattan House tenant holdout victory overturned - 12/2/2008 |
| Lower court decision that could have granted tenants the legal grounds to resist condo conversions is struck down |
| |
| Auda not subleasing according to its broker - 11/26/2008 |
| Tour of finished space spurred confusion |
| |
| Personal expenditures fall sharply in October - 11/26/2008 |
| Just in time for the holidays |
| |
| J. Crew does Hamptons deal - 11/25/2008 |
| Retailer commits to pricey new space despite grim retail outlook |
| |
| Treasury Department unveils plan to bolster consumer and small business lending - 11/25/2008 |
| Steps to increase in liquidity in secondary debt markets expected to expand to include CMBS |
| |
| CBRE releases global ranking of world's most expensive office markets - 11/25/2008 |
| London's West End takes the top spot |
| |
| Morgan Stanley troubles shed light on delayed Proskauer deal - 11/25/2008 |
| Financial firm likely can no longer shell out financial incentives to make 250 West 55th Street deal happen |
| |
| Jonathan Rose Companies breaks ground on Tapestry - 11/24/2008 |
| Project's environmentally friendly design and affordable units enable it to line up financing at a time when new projects have been cut off from capital |
| |
| Walgreens opens store in 1 Times Square - 11/21/2008 |
| Company executives see location as a marketing coup, but like The Times before it, faced logistical challenges in the now 100-year old building |
| |
| Walgreens opens store in 1 Times Square - 11/21/2008 |
| Company executives see location as a marketing coup, but like The Times before it, faced logistical challenges in the now 100-year old building |
| |
| Pace of investment sales not slow in all segments of the market - 11/21/2008 |
| Breaking portfolios into smaller building sales, Bob Knakal finds ample bidders and strong prices amid economic tumult |
| |
| Africa Israel sells stake in its Manhattan real estate holdings - 11/20/2008 |
| Asian fund provides firm with capital |
| |
| Edison offering increasingly flexible deals at Hippodrome Building - 11/19/2008 |
| Will do short term deals for pre-built units and executive suites in order to draw tenants at a time when the future for many is uncertain amid economic downturn |
| |
| Kent Swig says that the Sheffield57's loan extension a symptom of the credit crunch - 11/19/2008 |
| Couldn't swap what he describes as the property's low levels of debt because lenders holding tight to cash |
| |
| WestLB said to be looking in midtown now - 11/19/2008 |
| Lehman bankruptcy unit looking for 180,000 square feet of temp space |
| |
| More investment firms giving up space - 11/18/2008 |
| List of tenants trying to get out of high priced deals grows in November |
| |
| 14 Wall continues to attract deals - 11/17/2008 |
| Free flat screen televisions, concierge service and handsomely pre-built units a draw to increasingly fickle tenants |
| |
| City's economic snapshot shows job losses - 11/17/2008 |
| City lost 3,400 private sector jobs in September |
| |
| Viacom reported to have paid in the $50s psf for its deal at 1515 - 11/17/2008 |
| Neuberger Berman looking to ink deal for more space at 605 Third Avenue |
| |
| Port Authority will begin installing new WTC fence covering this weekend - 11/14/2008 |
| Effort fo clean up look of the WTC site |
| |
| Partners refinance Sheffield57 - 11/13/2008 |
| Gives owners breathing room to sell building's units amid a residential market slowdown |
| |
| Real estate experts give grim assessment of Manhattan real estate market - 11/13/2008 |
| Larry Silverstein says delays at WTC site "not the end of the world" amid economic problems |
| |
| Hemmerdinger makes plea to real estate industry - 11/12/2008 |
| Calls industry to insert itself in the debate of where funding for the cash strapped MTA should come from |
| |
| Helmsley's former offices come available - 11/12/2008 |
| Newmark marketing late real estate mogul's space, open for leasing for the first time in over 50-years |
| |
| CBRE shares tumble - 11/12/2008 |
| Company's earnings down 65% in third quarter |
| |
| Newmark Knight Frank gives grim outlook for the office market - 11/11/2008 |
| Some brokerage firms getting increasingly gloomy about market |
| |
| Chipotle expands into three new locations - 11/10/2008 |
| Value oriented retailers continue to take spaces in the city despite economic problems |
| |
| MTA facing bigger than anticipated deficit next year - 11/10/2008 |
| Lower real estate taxes from dramatic slowdown in the city's real estate sales market have dampened MTA revenue |
| |
| Employment declines by 240,000 jobs in October - 11/7/2008 |
| Unemployment rate reaches highest level in 14-years |
| |
| Fed official cedes that policymakers don't have the answers to solve financial crisis - 11/7/2008 |
| Fed warns that financial firms will have to innovate - not just rely on government monetary policy and intervention - to restore the financial system |
| |
| Burned by Wall Street losses, pension funds could turn to real estate - 11/7/2008 |
| Apollo head, Lee Neibart predicts institutional investors could boost real estate allocations |
| |
| Downtown faces tough times ahead - 11/7/2008 |
| Goldman Sachs real estate executive sees the east side office market of Lower Manhattan as 'dead' |
| |
| Some brokers see promise in the tough times ahead - 11/6/2008 |
| Legendary dealmakers made their name - and signed some of their biggest leases - during past periods of economic woes |
| |
| CBRE broker Brad Gerla promoted - 11/5/2008 |
| A team member on a number of notable transactions, Gerla has been one of downtown's most reliable and succesful brokers |
| |
| Long Island office market feeling the slowdown - 11/5/2008 |
| First the collapse of the mortgage industry, now financial firms are pulling back offices |
| |
| Will CMBS lead to chaos if workouts hit the market? - 11/5/2008 |
| Source says that most investment pools that hold securitized mortgages don't have the authority or legal provisions to renegotiate debts that go bad |
| |
| DASNY renews at One Penn Plaza - 11/4/2008 |
| Top floor of building is set to come online |
| |
| Forever 21 said to be close to deal for space at 1540 Broadway - 11/3/2008 |
| Retailer would take 100,000 s/f lease being vacated by Virgin Megastore |
| |
| WestLB is said to want higher floors in 7WTC - 10/31/2008 |
| But with the building mostly full, will Silverstein concede despite the start of what could be a long leasing slowdown? |
| |
| iStar releases dismal earnings - 10/31/2008 |
| But company's chief executive Jay Sugarman says that real estate finance company will weather the problems |
| |
| Bain said to be going forward with 590 Madison deal - 10/30/2008 |
| Recent losses don't stop private equity firm from building opulent new offices that it recently leased for top rents |
| |
| GDP dips into negative territory in the third quarter - 10/30/2008 |
| Economy falls on dampening consumer spending |
| |
| Paterson expected to unveil Moynihan plan tomorrow - 10/30/2008 |
| Will highlight obstacles but conclude that the project can be undertake despite grim economic times |
| |
| Brookfield releases earnings - 10/29/2008 |
| Merrill renewal continues remain uncertain along with Ninth Avenue development parcel |
| |
| Fed cuts rates by half a point - 10/29/2008 |
| Policymakers still concerned for economy despite the host of sweeping steps taken to ward off financial crisis |
| |
| WestLB said to be retrading floors at 7 WTC - 10/29/2008 |
| German bank upgrading to higher floors using economic uncertainty to its negotiating advantage |
| |
| Tenants putting deals on hold to see how deep market will dip - 10/28/2008 |
| CUNY doesn't drop out of MetroTech commitment, but puts lease on hold to see if it can get a better deal in the coming months |
| |
| Moinian bags a handful of tenants despite slowdown - 10/27/2008 |
| Keeping tenants has become more important for landlords amid slowdown |
| |
| State looking to do step-by-step Moynihan plan - 10/27/2008 |
| Gone is an idea to remake Block 780 into the next closest thing to the developers' sweeping vision |
| |
| Struggling for survival or already going under, investment firms dump pricey offices - 10/24/2008 |
| Offerings could dramatically dampen the price of high end space |
| |
| Ailing Centerline Holdings said to be trying to get out of 1095 lease - 10/23/2008 |
| Firm took 100,000 s/f in the building late last year, but its high-flying days appear to be over |
| |
| City Council extends term limits - 10/23/2008 |
| Bloomberg hails vote that will allow him to run for third term |
| |
| The good old days before the credit crunch aren't gone forever - 10/22/2008 |
| Bob Knakal envisions the eventual return of high leverage real estate purchases at peak values |
| |
| New Moynihan plan said to feature increased capacity - 10/22/2008 |
| Paterson vision would add tracks south of Penn Station for Amtrak |
| |
| Moinian renews lease with Wells Fargo - 10/21/2008 |
| Landlords working harder to keep their tenants |
| |
| 11 Times Square's core tops out - 10/21/2008 |
| Building is a bellwhether for the Manhattan leasing market |
| |
| South Street Seaport plan in flux - 10/20/2008 |
| As project's developer General Growth Properties struggles to raise capital, its future and the seaport's come into question |
| |
| Landlords pursue tenants more aggressively - 10/20/2008 |
| Tenant friendly 14 Wall nabs two deals despite leasing slowdown |
| |
| Moinian unveils ambitious capital program despite economic downturn - 10/17/2008 |
| Geared to attract and hold on to tenants amid leasing slowdown |
| |
| Deutsche Bank said to consider holding Worldwide Plaza - 10/16/2008 |
| Owning, instead of selling the building, would give sales market time to recover |
| |
| Drake site likely will never be home to an office tower - 10/16/2008 |
| Elusive deals for 57th Street properties blocks the perfect floorplate |
| |
| Like many other owners, Broadway Partners doesn't want to lose a large tenant - 10/15/2008 |
| But firm isn't the only investor seeing difficult times |
| |
| FGIC to offer 100,000 s/f sublease on Park Avenue - 10/13/2008 |
| Embattled firm may accept rock bottom rates along one Manhattan's priciest corridors |
| |
| C&W receives agency assignment for 1290 AofA - 10/13/2008 |
| Brokerage firms usually weave agency work into the deals they reach for their own space |
| |
| NBC to take temp space at 1633 Bway according to source - 10/8/2008 |
| Network will use location to consolidate offices until larger headquarters is found |
| |
| Natixis said to have re-traded deal at 277 Park Avenue - 10/8/2008 |
| French bank - and others - are using dismal economic times and market fears to leverage better deals |
| |
| Office report shows sharp rise in sublease space - 10/7/2008 |
| Rents remain flat overall, but market is weakening from economic tumult |
| |
| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| Transit Administrator says WTC hub will cost $3 billion - 4/15/2008 |
| Strong federal oversight identifies overruns |
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| Historic Block Of Space Poised To Come Online at 9 West 57th Street - 9/19/2007 |
| But will tenants want to do a deal with the building's eccentric landlord? |
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