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newsreal
peter's bookmarks on real estate and new york city in the media
Saturday, June 14, 2008 | - Green Crawler Blog

Going Green: or How I Learned to Stop Worrying and Love the Dreadful Housing Market

In order to gain an advantage over the rest of the competition in this market, green alternatives and concepts should be used in remodeling and building projects. So what can you do to make your home more 'green' and in return, more valuable?

Saturday, June 14, 2008 | - Bloomberg.com

Greenspan Says Markets Show `Pronounced Turnaround'

Former Federal Reserve Chairman Alan Greenspan said that financial markets, roiled by the collapse of the subprime-mortgage market, have shown a ``pronounced turnaround'' since March.

Saturday, June 14, 2008 | - Bloomberg.com

Foreclosures Rise 48% in May as Repossessions Double

Banks repossessed twice as many homes in May and foreclosure filings rose 48 percent from a year ago as falling house prices trapped borrowers in mortgages they couldn't afford

Saturday, June 14, 2008 | - Bloomberg.com

Mortgage Rate Hits 8-Month High on Inflation Concerns


The interest on a 30-year fixed-rate mortgage rose to its highest level in eight months on concern that the Federal Reserve's next move will be to stem inflation.

Monday, June 9, 2008 | - NYTimes.com

A Mixed Picture

The death knell for the Manhattan real estate bubble has been sounded regularly for at least four years. Yet despite the warnings, and a bleak housing picture across the country, average Manhattan co-op and condominium sale prices continued their upward trajectory last month.

Monday, June 9, 2008 | - New York Times

Top City Crane Inspector Accused of Taking Bribes

The city’s chief crane inspector was arrested on Friday and charged with taking bribes to allow cranes to pass inspection, the authorities said. He was also accused of taking money from a crane company that sought to ensure that its employees would pass the required licensing exam.

Monday, June 9, 2008 | - New York Times

Visions for Coney Island Pit Thrills Against Shopping

Dick Zigun, the founder and artistic director of Coney Island USA, an arts organization, has spent 25 years tapping the area’s artistic, albeit seedy, aesthetic.

Monday, June 9, 2008 | - New York Times

F.H.A. Faces $4.6 Billion in Losses

The Federal Housing Administration expects to incur losses of $4.6 billion because of unexpectedly high default rates in its portfolio of home loans, officials said on Monday.

Tuesday, May 27, 2008 | - New York Times

Housing Prices Fall 14.4% in Sign of Continuing Slump

Nationally, home prices fell 14.4 percent in March from a year earlier. Sales of new homes, although up slightly in April, remained mired near their lowest levels since 1991.

Sunday, May 25, 2008 | - New York Times

Macklowes Sell G.M. Building For $2.9 Billion

A group led by Mortimer B. Zuckerman, chief executive of Boston Properties, a publicly traded real estate company, is buying the General Motors Building and three other Midtown towers from the financially troubled Macklowe family for $3.95 billion.

Monday, May 19, 2008 | - New York Times

As High Line Park Rises, a Time Capsule Remains

The first section of the new High Line park is moving toward completion, six blocks of hulking elevated rail line along the lower West Side, converted to an urban symphony of walking paths and landscaping — with one exception. Under the artists’ housing complex Westbeth, on Washington between Bank and Bethune Streets, one little section of the old rail line continues in a glorious romantic desuetude.

Monday, May 19, 2008 | - New York Times

Developer in Deal With M.T.A. to Develop West Side Railyards

In an act that could be described as loser’s remorse, the developer Stephen M. Ross signed the billion-dollar deal he had abandoned only a few months ago to develop the railyards on the West Side of Manhattan.

Friday, May 16, 2008 | - New York Times

Paulson Says Economy Is Stabilizing- New housing starts are up

New-home construction increased 8.2 percent in April, offering signs of life in a deeply troubled sector, the Commerce Department reported on Friday. But most of the gain came in multifamily housing, masking further bad news on single-family homes, whose groundbreakings dropped to a 17-year low.

Monday, May 12, 2008 | - New York Times

SoHo Historic District - Not Exactly the Wild West

One side of a SoHo street received protection as a historic district in 1973. Why does the unprotected side look so similar? The Landmarks Preservation Commission is reviewing a proposal to include the west side of West Broadway in the SoHo-Cast Iron Historic District

Friday, May 9, 2008 | - The Real Deal

Manhattan rents rise

Rents in Manhattan increased in April, while the overall vacancy rate fell from 1.31 percent in March to 1.21 percent, according to a report by brokerage Citi Habitats.

Friday, May 9, 2008 | - The Real Deal

Tribeca home aims for Downtown record

Months before the completion of one of Downtown's largest townhouses, seller Steven Schnall said he has already seen interest from several potential buyers for his mansion at 2 North Moore Street in Tribeca, which hit the market with a $35 million price tag last month.

Friday, May 9, 2008 | - New York Times

New York’s Coveted Public Schools Face Pupil Jam

Critics say that the process the city uses to determine when to build new schools is flawed, preventing construction from keeping pace with residential development.

Friday, May 9, 2008 | - New York Times

Questions of Rent Tactics by Private Equity

Private firms are buying up rent-regulated buildings and harassing tenants to increase vacancies, advocates say. They began seeing what they consider a pattern of harassment of low-income tenants this year and suspect that it is a result of the new owners’ business models.

Friday, May 9, 2008 | -downtown express

New Tribeca buildings top-off

The pair of buildings, by Jack Parker Corp. at 34 Desbrosses St., started rising on Watts and Desbrosses Sts. between Washington and West Sts. after the developer won a rezoning of four blocks in Northern Tribeca in 2006.

Friday, May 9, 2008 | - downtown express

Developer: Schools’ laptop money is in the mail

Students at P.S. and I.S. 89 have been waiting since last fall for the laptops promised by Time Equities, Inc. as part of a deal with the city to develop 50 West St.

Friday, May 9, 2008 | - downtown express

84% jump in new students at P.S. 89; P.S. 234 swells

In Manhattan below Chambers St., the number of housing units grew from 13,046 in 2000 to 28,613 this year, according to the Downtown Alliance. For every 10 new units of housing, the city should build at least one new elementary school seat, based on a formula from the City Environmental Quality Review technical manual. That means the city should have built at least 1,557 new elementary seats in Lower Manhattan in the past eight years.

Friday, May 9, 2008 | -downtown express

St. Vincent’s plan on life support as Landmarks cuts it down to size

The Landmarks Preservation Commission on Tuesday told St. Vincent’s Hospital and the hospital’s redevelopment partner, the Rudin Organization, to go back to the drawing board and come up with an entirely different project than the one submitted on Dec. 31.

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