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newsreal
peter's bookmarks on real estate and new york city in the media
Thursday, December 20, 2007 | NYC.gov

Mayor and Governor announce design team for Governors Island Park

A big announcement for lower Manhattan, New York City and the region. The design team led by acclaimed firm West 8 will plan a destination park and promenade
video: high bandwidth | low bandwidth

Thursday, December 20, 2007 | New York Times

A Landscape's Isolation Is Turned Into a Virtue

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.

Thursday, December 20, 2007 | New York Times

Park Plan Is Chosen for Governors Island

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.

Wednesday, December 19, 2007 | CNN

November foreclosures take dip

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.

Wednesday, December 19, 2007 | CNN

Fed tightens up lending rules

The central bank is proposing regulations that offer greater protections for home buyers and curtail abusive lending.

Wednesday, December 19, 2007 | Matrix

Weakness As Strength [Housing And The Dollar, Not Steroids]

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.

Wednesday, December 19, 2007 | Bloomberg.com

Fed Will Limit Penalties on Prepayment of Subprime Mortgages

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.

Wednesday, December 19, 2007 | Bloomberg.com

Morgan Stanley Posts Loss, Sells Stake to China

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.

Tuesday, December 18, 2007 | New York Times

Foreclosures Hit a Snag for Lenders

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.

Tuesday, December 18, 2007 | New York Times

Fed Approves Plan to Curb Risky Lending

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.

Tuesday, December 18, 2007 | New York Times

Fed Shrugged as Subprime Crisis Spread

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.

Tuesday, December 18, 2007 | New York Times

Manhattan Market Remains Stable

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.

Sunday, December 16, 2007 | New York Times

Adding to the List of Worries, Signs That Inflation Is Bubbling Up

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.

Sunday, December 16, 2007 | New York Times

A Dim Market, Darkened by Inflation Fear

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.

Sunday, December 16, 2007 | New York Times

Let the ‘Starchitects’ Work All the Angles

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.

Saturday, December 15, 2007 | New York Times

Economy Holding Up, Reports Find

Government reports released Thursday showed surprising resilience in the broader economy, even as the financial system and the housing market continue to weaken.

Friday, December 14, 2007 | Telegraph

London property market: London eye

Fear not, the rich are still happy to spend squillions on the very best.

Tuesday, December 11, 2007 | New York Times

Fed Cuts Rate; Stocks Dive

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.

Tuesday, December 11, 2007 | NYC.gov

NYCHA goes green

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.

Monday, December 10, 2007 | The Slatin Report

Doctoroff Departs

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.

Thursday, December 6, 2007 | New York Magazine

What Not to Say in Your Co-op Board Interview

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.

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