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newsreal
peter's bookmarks on real estate and new york city in the media
Thursday, January 31, 2008 | The New York Sun

N.Y. Residents Now Able To Monitor Blocks Online

A new Web site allows New Yorkers to monitor everything happening on their block, from restaurant inspections and building violations to missed connections posted on Craigslist and news mentions.

Thursday, January 31, 2008 | New York Times

Fed Cuts Key Rate as Stimulus Plan Advances

The Federal Reserve cut short-term interest rates on Wednesday for the second time in eight days, meeting Wall Street hopes for cheaper money. At the same time, the Senate pushed ahead on a $161 billion plan to prop up Main Street with tax rebates and temporary tax cuts.

Tuesday, January 29, 2008 | Crain's New York Business

Four Seasons inks deal for downtown hotel

The hotel will take up 22 stories of the planned 80 story tower, which will also include 143 condominiums, making it New York’s tallest residential structure. It will be built on the site of the former headquarters of Moody’s Corp. The building, which is being designed by noted New York architect Robert A.M. Stern, is expected to be completed in 2011.

Tuesday, January 29, 2008 | Globe St.

Silverstein, Four Seasons Team for Downtown Hotel

With just weeks to go before the new office buildings at the World Trade Center site begin to rise, Silverstein Properties has partnered with Four Seasons Hotels and Resorts to bring one more project to the area: a hotel and condo development at 99 Church St.

Monday, January 28, 2008 | New York Times

Despite Housing Slide, Real Estate Sites Sell

Most of the nation's real estate industry wishes it could fast-forward through 2008, but a few online start-ups are surviving.

Monday, January 28, 2008 | New York Times

Sales of New Homes Fell by 26% in 2007

Some economists predict the market may start to recover in the summer. Others are less optimistic.

Friday, January 25, 2008 | CNN

Stimulus plan also boosts housing market

The measures would make mortgages easier to get and reduce borrowing costs — especially in hard-hit, high-cost housing markets.

Friday, January 25, 2008 | New York Times

Bush and House in Accord for $150 Billion Stimulus

Hoping to give a quick adrenaline shot to the ailing economy, President Bush and House leaders struck a deal on Thursday for a $150 billion fiscal stimulus package. The deal capped a series intense negotiations in which the Bush administration and lawmakers in both parties had to agree to numerous compromises.

Thursday, January 24, 2008 | The New York Sun

Heady Real Estate Days Behind Us?

Michael Stoler reports that some industry leaders in commercial real estate worry that the heady days of megadeals are behind us, while others see great opportunities for buyers in 2008. I personally think the smart money still bets on NYC over the long haul.

Thursday, January 24, 2008 | New York Times

A Fear That the Cure Could Be Poison

Even as the Federal Reserve grapples with the collapse of a speculative bubble in housing — the second speculative bust in less than a decade — is it at risk of repeating recent mistakes?

Tuesday, January 22, 2008 | Bloomberg.com

Fed Cuts Rate 0.75 Percentage Point in Emergency Move

The Federal Reserve cut the benchmark interest rate by three quarters of a percentage point, its first emergency reduction since 2001, after stock markets tumbled from Hong Kong to London amid increasing signs of a U.S. recession.

Saturday, January 19, 2008 | New York Times

Bloombergs Plan: Tax Cuts, DNA Tests and an End to Social Promotion

The mayor,in his seventh State of the City address, called for taking DNA samples from every person arrested in New York City, no matter how serious the crime; ending social promotion for eighth graders; and extending a $400-a-year property tax rebate and a 7 percent property tax deduction despite mounting budget pressures.

Saturday, January 19, 2008 | Tribeca Trib

Fears of Collapse for Tilting Landmark

Guarding against the possible collapse of an 1872 cast iron landmark building at Broadway and Reade Street, the Department of Buildings (DOB) halted excavation for the foundation of a new 20-story apartment tower next door and has ordered the building vacated.

Saturday, January 19, 2008 | The Villager

Neighbors howl over hotel on hidden historic site

A hidden four-story Federal building on W. 13th St. that neighbors say dates from the 1790s could be one of the oldest buildings in the Village. But neighbors fear that a developer is about to acquire the property and replace the old building with a 16-story hotel.

Saturday, January 19, 2008 | The Real Deal

Goldman Sachs CEO closes on 15 CPW condo for $26 million

Goldman Sachs Chairman and CEO Lloyd Blankfein has closed on units 16A and 17A at 15 Central Park West for $26 million, according to public records.

Saturday, January 19, 2008 | Bloomberg.com

U.S. Stocks Post Steepest Drop Since July 2002; Citigroup Falls

U.S. stocks posted the steepest weekly drop since July 2002 after lower-than-estimated home construction, retail sales and manufacturing reinforced speculation that the economy is entering a recession.

Saturday, January 19, 2008 | CNN Money

Mortgage relief rises as foreclosures jump

Many more troubled home borrowers are getting help than had been previously estimated, according to a report released Thursday, though some still question whether current aid is sufficient.

Saturday, January 19, 2008 | CNN Money

Why the Countrywide deal makes sense

Whether Wall Street likes it or not, Bank of America's Ken Lewis is getting a good deal. The best guide to gauging the probable success or failure of this deal is studying the numbers: they show that, barring absolutely disastrous write-downs, this deal will prove a winner.

Saturday, January 19, 2008 | The New York Observer

Venti! Starbucks Founder Pays Giants' Tisch $24.7 M. for Duplex

Jonathan Tisch, New York Giants co-owner heir to the multi-billion-dollar Loews fortune sold his unlisted duplex at 950 Fifth Avenue to Starbucks founder and CEO Howard Schultz for $24.75 million.

Saturday, January 19, 2008 | The New York Observer

Steven Spinola, the Industry’s Muscle

Steven Spinola is in his third decade as president of the Real Estate Board of New York, the immensely powerful trade group that counts Michael Bloomberg and Eliot Spitzer as friends.

Saturday, January 19, 2008 | The New York Observer

Shiller on New York: We're Ancient Rome, Right Before the Fall

Yale economics professor Robert Shiller has been warning about a real estate bubble for years, but now he says New York will self-destruct if prices don’t come down.

Saturday, January 19, 2008 | The New York Sun

Overhaul Is Sought in Monitoring Of High-Rise Construction Sites

City officials are calling for an overhaul in how high-rise construction sites are monitored after a fatal accident at the Trump SoHo building this week.

Saturday, January 19, 2008 | The New York Sun

Subpar Ratings For the Ratings Agencies

About the failure of Moody's Investors Service and Standard & Poor's to anticipate the subprime mortgage debacle.

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