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newsreal
peter's bookmarks on real estate and new york city in the media
Tuesday, January 1, 2008 | New York Daily News

Existing home sales edge up in November

Sales of previously owned homes inched up in November but that didn't change the overall bleak picture for an ailing housing industry that has been suffering through a painful slump.

Sunday, December 30, 2007 | Los Angeles Times

Despite the scary statistics, things could be looking up in '08

At some point in every correction cycle...consumer psychology begins to change. People who need or want houses look around, see lower prices, affordable financing, and say: "Hey, this is a smart time to buy."

Friday, December 28, 2007 | The Real Deal

No NYC properties for Bloomberg— for now

According to a decision released by the city's Conflicts of Interest Board, the mayor can invest in real estate as part of a move to diversify his portfolio. But, if he wants to invest in New York City real estate he'll have to come back to the board for a second opinion.

Friday, December 28, 2007 | New York Times

Going, Going, Back Again

Fewer than a third of the 201 coveted apartments in 15 Central Park West have now closed. But of those, five apartments were put back on the market almost as soon as the ink on the deeds was dry

Friday, December 28, 2007 | The New York Post

'Banks' of the Hudson

Trump Place on the Upper West Side and Battery Park City downtown had the highest percentage of city residents reporting more than $100,000 of taxable income.

Friday, December 28, 2007 | The Real Deal

Costas scores 15 CPW condo for $11M

Sportscaster Bob Costas paid just over $11 million for a condominium unit in the tony 15 Central Park West building, according to city records

Friday, December 28, 2007 | The Real Deal

Cedar Tavern building readies for condo sales

Thirteen months after the renowned Cedar Tavern in Greenwich Village shuttered its doors to make way for construction of condominiums above, pre-marketing is slated to commence on a street bustling with new development.

Friday, December 28, 2007 | New York Times

Influence of Mayor's Departing Deputy Is Seen in His Successor

In a move that underscores the mayoral aide Daniel L. Doctoroff’s continued influence over city development, Mayor Michael R. Bloomberg on Thursday named Robert C. Lieber, a key lieutenant of Mr. Doctoroff’s, to succeed him as deputy mayor for economic development.

Friday, December 28, 2007 | The Real Deal

Townhouses show surprising strength

According to Halstead Property's third-quarter townhouse report, which tracks one- to four-family non-commercial townhouses in the city, townhouse sales are actually up 6 percent from third quarter 2006.

Friday, December 28, 2007 | The New York Sun

Wall Street Bonuses Support Luxury Property Sales

While housing is slumping nationally...that's not the case with luxury real estate, $10 million or higher, which could soon make a splash in some areas thanks to an estimated $38 billion in year-end Wall Street bonuses.

Friday, December 28, 2007 | The Real Deal

A new Web site gives the skinny on brokers

A new and free Web-based search system called FlyRig is giving apartment hunters another place to sound off about brokers.

Wednesday, December 26, 2007 | New York Times

Singer’s Former Condo Goes Platinum

Ricky Martin bought a new condominium at Time Warner Center for $6.8 million. He sold it in September 2006 for $9.75 million— a 30 percent gain. Now comes word that the buyers of Mr. Martin’s Time Warner condo have signed a contract a little more than a year later, for about $17.9 million, not quite doubling their money.

Wednesday, December 26, 2007 | New York Times

Home Prices Fall for 10th Straight Month

"It has been surprisingly resilient," Robert J. Shiller, the Yale economist and a creator of the home price indexes, said about the economy. He added that it was difficult to determine what impact the weakness in housing would have on the economy going forward.

Wednesday, December 26, 2007 | New York Times

Lots of Home Work

"We called it the scary house on the hill" ... “We couldn’t believe it was sitting in the middle of the Bronx, and that it would be for sale at all.”

Sunday, December 23, 2007 | New York Times

Taxes Are Reassessed in Housing Slump as Prices Drop

Home owners across the nation are looking to county governments to reassess the values of their homes in the face of flattening and falling prices that have befallen scores of markets.

Saturday, December 22, 2007 | The New York Observer

Silverstein Announces $1 Billion Buy of 1177 Sixth Avenue

Larry Silverstein's firm announced on Thursday that it had bought 1177 Avenue of the Americas for over $1 billion.

Saturday, December 22, 2007 | The New York Sun

Developers Envision 'a Bit of Florida' in South Brooklyn

Work will start in January on 10 single-family homes with price tags of $2 million and up in Mill Basin, as well as 18 apartments starting at $599,000 in a building in Sheepshead Bay.

Saturday, December 22, 2007 | The Real Deal

Mixed-use building on Soho's edge, sells for $21 million.

A six-story mixed-use building on the Soho-Little Italy border closed for $21 million. The new owners are planning on gutting the century-old building at Lafayette and Grand Streets.

Saturday, December 22, 2007 | The Real Deal

Banker buys at 15CPW for $20M

Jeffrey C. Walker, chairman of CCMP Capital Advisors, has purchased a condo at 15 Central Park West for $20.65 million, according to public records.

Saturday, December 22, 2007 | amNY.com

Endangered New York

As the real-estate boom year of 2007 winds down, houses of worship, schools, historic residences and whole neighborhoods tenuously exist under the threat of the wrecking ball.

Saturday, December 22, 2007 | New York Times

Holdouts in Columbia's Expansion Zone Are Down to three firms

All but two of the six family-owned businesses in the West Harlem Business Group, have sold their property to the university, leaving the two owners increasingly edgy about what might happen next.

Saturday, December 22, 2007 | The Real Deal

Doctoroff can keep working on big projects

The potential conflict arose when Deputy Mayor Dan Doctoroff announced that he would resign to become president of Bloomberg L.P., the news firm founded by the mayor. The issue centered on Vornado Realty, the landlord at Bloomberg L.P.'s mid-town building, which involved in lucrative deals with the city.

Friday, December 21, 2007 | New York Times

Stocks Soar on Merrill Report and Economic Data

Stock markets surged on Friday as reports of talks on an investment in Merrill Lynch and a strong report on consumer spending lifted investors' spirits heading into the holiday weekend.

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