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newsreal
peter's bookmarks on real estate and new york city in the media
Tuesday, February 26, 2008 | Brooklyn Daily Eagle

Developers Could Take Double Dip Into Gowanus Canal’s Public Place

The housing component of the city’s effort to develop a six-acre lot along the Gowanus Canal known as “Public Place” could nearly double if the winning team joins with a property owner to the south.

Tuesday, February 26, 2008 | New York Times

As Inflation Rises, Home Values Slump, Data Show

Two worrisome trends for the economy — falling house prices and the rising cost of everything else — picked up speed in data reported on Tuesday, putting policy makers in an increasingly tough position.

Saturday, February 23, 2008 | The Villager

St. Vincent’s doesn’t buy community’s tunnel vision

St. Vincent’s Hospital officials are drafting a response to the Community Alternative Plan proposed last December to counter the St. Vincent’s/Rudin Organization redevelopment plan for a new hospital on the west side of Seventh Ave. and residential development on the east side of the avenue.

Saturday, February 23, 2008 | Downtown Express

Dusting off old plans for Greenwich Street South?

When city planners look at the sunken area at the mouth of the Brooklyn Battery Tunnel, they see air rights. For years, the city has been considering decking over the tunnel entrance, creating over a million square feet of air rights that could be sold to developers.

Saturday, February 23, 2008 | Bloomberg.com

Banks Lose to Deadbeat Homeowners as Loans Sold in Bonds Vanish

Judges in at least five states have stopped foreclosure proceedings because the banks that pool mortgages into securities and the companies that collect monthly payments haven't been able to prove they own the mortgages.

Saturday, February 23, 2008 | The Real Deal

Lord Black vs. Sotheby's: Round two

Former media tycoon and firm spar over a Park Avenue commission. Hell hath no fury like a real estate broker scorned, especially when it involves a multi-million dollar deal, the client refuses to pay the commission and the FBI makes an appearance at the closing. We hear that Mr. Black won his dispute with his agency recently, on the grounds that the brokerage did not disclose its dual agency relationships.

Thursday, February 21, 2008 | The New York Times

It’s Lonely at the Plaza Hotel ...

Most of the condos in the newly converted Plaza Hotel are empty, although nearly 100 apartments have been sold.

Thursday, February 21, 2008 | The New York Times

Calls for a New Park on the East River

Federal, state and city officials joined several civic organizations today to express support for a new four-acre waterfront park that would be built in the shadow of the United Nations and cost as much as $100 million, but the project faces considerable logistical and financial hurdles.

Sunday, February 17, 2008 | The Real Deal

Will new development divisions be forced to scale back?

With fewer condo projects coming on line this year, what will happen to new development divisions?

Sunday, February 17, 2008 | Fortune

A Real estate mogul risks it all

Harry Macklowe may lose billions of dollars in real estate. This would be a bitter end to the career of one of New York City real estate's most polarizing figures.

Sunday, February 17, 2008 | The Real Deal

Bohemia trades up in the West Village- Condos dominate, townhouse prices soar

Experts interviewed for The Real Deal's Q & A this month said there is virtually nothing on the market for less than $1,600 a square foot and note that one penthouse in the former Superior Ink factory, converted by the Related Companies, went for $4,000 a square foot.

Sunday, February 17, 2008 | New York Times

Some Cities Are Spared the Slide in Housing

The real estate market these days is a tale of two Americas, and one of them is not doing too badly.

Sunday, February 17, 2008 | The Real Deal

Real estate companies form alliances with media outlets

New York Magazine has recently partnered with brokerage Halstead Property, while the New York Observer and the New York Sun have joined up with the Real Estate Board of New York's listing portal, ResidentialNYC.com.

Sunday, February 17, 2008 | The Real Deal

West Village project rejected again

Architect-developer Peter Moore hasn't had much luck in the Far West Village. His proposed rezoning of a five-block area, which would clear the way for a 560-unit residential development, has been rejected by a community board.

Sunday, February 17, 2008 | The New York Times

How the Stimulus Plan Will Help Mortgages

The early verdict on the federal economic stimulus plan signed on Wednesday by President Bush is that it will offer mortgage borrowers some relief but less help than industry executives expected. While the final plan raises the size of a mortgage that a borrower can take out without its being categorized as a jumbo loan, the new limit could be lower than initially proposed.

Sunday, February 17, 2008 | New York Times

Jitters for First-Time Homebuyers in New York City

If there is a bright spot in New York City’s uncertain real estate market, it is that over the last several months, some first-time buyers have found it easier to buy apartments.

Thursday, February 7, 2008 | Daily News

Coney Island area near Nathan's could be rezoned for towers

A little-known section of Coney Island's redevelopment plans could turn legendary hot dog haven Nathan's Famous into a towering wiener wonderland with clubs, stores and hotel rooms.

Thursday, February 7, 2008 | The Real Deal

Bohemia trades up in the West Village. Townhouse prices soar

West Village townhouses are increasingly breaking the $10 million mark and attracting the city's wealthiest buyers.

Thursday, February 7, 2008 | Brooklyn Daily Eagle

Columbia Study Casts Doubt on Safety of Housing Along Gowanus

Heavy industrial uses have taken place along the two-mile canal for over 100 years, leaving toxins in the soil so concentrated that in some areas it could be set aflame.

Thursday, February 7, 2008 | The Real Deal

Columbia to use Manhattanville building for relocation

A Manhattanville commercial building that Columbia University purchased will be used for relocating residents

Thursday, February 7, 2008 | The Real Deal

One Central Park condo flips for $24M

A condo at One Central Park, part of the Time Warner Center, has flipped for $24.48 million

Thursday, January 31, 2008 | CNN

How Congress set up the subprime mess

The fact is, neither the expansion of the subprime market nor the proliferation of exotic interest-only or option-ARM mortgages would have been possible without federal laws passed in the 1980s.

Thursday, January 31, 2008 | CNN

Foreign investors favor New York real estate

The Association of Foreign Investors in Real Estate said foreign investors named New York as the No. 1 city for commercial real estate investment, up from No. 2 the prior year. Washington, D.C., and London tied for second, while Paris followed at fourth and Shanghai at fifth.

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