The winning design for a 40-acre park that would unfold across the southern half of Governors Island is not the kind of grand public-works project the city once championed. But in an age when developers regularly usurp the government’s planning role, it reflects the kind of imaginative, civic-minded thinking that can restore our faith in city and state leaders.
More than 10 years after the Coast Guard left Governors Island in New York Harbor, a team of architects has been selected to design a grandly whimsical green 40-acre park on its southern half that public officials hope will ultimately attract commercial development.
A new read on foreclosure filings showed a double-digit drop for November. Filings post the biggest monthly decline since April '06; but even with drop, foreclosures leap 68% from a year ago.
The central bank is proposing regulations that offer greater protections for home buyers and curtail abusive lending.
One of the advantages of the falling dollar has been the benefit to a handful housing markets, by attracting foreign buyers, enticed by the imbalance of currency.
The Federal Reserve will make it harder for lenders to charge fees for early repayment of subprime mortgages, according to consumer advocates and a regulator.
Morgan Stanley reported a steeper- than-forecast loss after $9.4 billion of writedowns on mortgage- related holdings and received a $5 billion cash infusion from state-controlled China Investment Corp.
Here's one I missed last month: Judge Christopher A. Boyko of Federal District Court in Cleveland dismissed 14 foreclosure cases brought on behalf of mortgage investors, ruling that they had failed to prove that they owned the properties they were trying to seize.
The Federal Reserve moved Tuesday to impose new restrictions intended to curb unfair and deceptive home-lending practices and prevent a recurrence of this year’s meltdown in subprime mortgages.
Until the boom in subprime mortgages turned into a national nightmare this summer, the few people who tried to warn federal banking officials might as well have been talking to themselves.
Manhattan sales figures through November do not indicate a collapse in prices. In fact, some co-ops, condominiums and town houses are flying off the shelves in brokerage firms across the city.
Higher prices have begun to bubble up at the consumer and producer levels, government reports showed this week, complicating the policy calculus of the Federal Reserve as it tries to bolster the struggling economy.
The Fed said early in the week that inflation was a concern, and on Friday a government report showed that the Consumer Price Index for November had risen 4.3 percent, year over year.
These architects are finally getting to test their visions, often on a grand scale in one of the most exhilarating periods in recent architectural history.
Government reports released Thursday showed surprising resilience in the broader economy, even as the financial system and the housing market continue to weaken.
Fear not, the rich are still happy to spend squillions on the very best.
The Federal Reserve cut a key short-term interest rate today by a quarter of a percentage point, to 4.25 percent, signaling its concern that the credit crisis might be gradually damaging the broader economy beyond housing.
Mayor Bloomberg, former President Bill Clinton, and HUD Secretary Alphonso Jackson today announced the first-ever sustainability partnership with the New York City Housing Authority. This new partnership will allow NYCHA to become more energy efficient and reduce greenhouse gas emissions.
The New York real estate world was rocked – slightly – by the announcement on Dec. 6 of the resignation of Dan Doctoroff, the deputy mayor for economic development...he will take the reins as president of Bloomberg LP, his current and future boss' information and media giant.
Assembling a killer package is key, of course (stellar references, wad of cash in the bank). Then comes the interview—and by this point, it’s your game to lose.