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newsreal
peter's bookmarks on real estate and new york city in the media
Thursday, November 8, 2007 | New York Times

New York City Schools Progress Report

This is a searchable list with the results of the City's grade A — F for 50 NYC Public Schools

Thursday, November 8, 2007 | New York Times

Do the New School Ratings Match Your Experience?

Under a blunt new A through F rating system, whose results Mayor Michael R. Bloomberg unveiled today, 50 public schools across New York City, most in Manhattan and the Bronx, have been designated failures, placing them in danger of closing as early as the end of the school year

Thursday, November 8, 2007 | New York Times

Homeowners Feeling the Pinch

From 2004 through 2006, Americans pulled about $840 billion a year out of residential real estate, via sales, home equity lines of credit and refinanced mortgages, according to data presented in an updated working paper by James Kennedy, an economist, and Alan Greenspan, the former Federal Reserve chairman. These so-called home equity withdrawals financed as much as $310 billion a year in personal consumption from 2004 to 2006, according to the data.

Thursday, November 8, 2007 | New York Times

1830s Warehouse in Lower Manhattan Is Demolished

A five-story, 176-year-old warehouse between John and Platt Streets that survived the great fire of 1835 — and every other calamity to befall Lower Manhattan since then — is being pried apart by a demolition crew

Thursday, November 8, 2007 | New York Times

Markets and Dollar Sink as Concern Over Credit Grows

Stock markets plummeted and the dollar sank to a record low against the euro as investors worldwide grew skittish over rising oil prices and the prospect of a substantial economic slowdown in the United States.

Friday, November 2, 2007 | The Real Deal

Inside the open houses of the Lower East Side

Pickles, bialys and $1 million condos: There's demand for luxury living, but inventory is low. Despite the Lower East Side's new upscale high-rises (such as the Hotel on Rivington and Blue Condominium) having drawn attention in recent years...there still isn't much high-end product on the market.

Friday, November 2, 2007 | Brownstoner

Residential Conversion in 220 Water Street's Future

200,000-square-foot warehouse in Dumbo is to be converted to residential use by developer GDC properties with Meltzer/Mandl as architects.

Friday, November 2, 2007 | New York Times

A Slain Broker Is Recalled as a Loyal Friend With Nerve

Linda Stein, the punk-rock manager turned real estate broker, who was found bludgeoned to death on Tuesday in her Fifth Avenue penthouse, was a vibrant and volatile person who aroused strong and often contradictory feelings in those who knew her, friends and colleagues said as the police struggled to find a motive in her killing.

Friday, November 2, 2007 | New York Observer

Second Most Expensive New York Townhouse Sale a Done Deal

Oil tycoon Len Blavatnik has paid exactly $50 million for his friend Edgar Bronfman Jr.’s East 64th Street townhouse, the second biggest New York townhouse deal ever.

Friday, November 2, 2007 | The New York Observer

Brooklyn's central business district re-evisioned

The Downtown Brooklyn Partnership has released plans for the area surrounding Flatbush Avenue from BAM to the bridges. The mix has shifted toward more residential development, and scaled back office and commercial.

Friday, November 2, 2007 | The Real Deal

NYS Attorney General sues home appraiser

Attorney General Andrew Cuomo announced today that he is suing First American Corp. and its subsidiary, appraisal company eAppraisal, for allegedly colluding with Washington Mutual.

Friday, November 2, 2007 | Wall Street Journal

Fresh Credit Worries Grip Markets

After August's turmoil, credit markets had generally stabilized, and stock investors had begun to act as if the problems were over, driving stocks into record territory again. But beginning last week, with the $8.4 billion write-down by Merrill Lynch & Co., a drumbeat of bad news began to send a different message.

Friday, November 2, 2007 | Bloomberg.com

Stock Volatility Surges to Six-Week High

The Chicago Board Options Exchange Volatility Index, or VIX, reached 25 for the first time since Sept. 18, when the Federal Reserve cut its benchmark interest rate by a quarter-point.

Friday, November 2, 2007 | Metro

Flatiron building collapses

The home of legendary architect Sanford White partially collapsed and has subsequently been demolished at 22 West 24th Street in Flatiron. I t played a part in the racy tale leading to his murder in 1906.

Thursday, November 1, 2007 | New York Times

$75 Billion Fund Is Seen as Stopgap

Nearly three weeks after the country’s biggest banks announced a $75 billion fund to help stabilize the credit markets, the reality is sinking in that the plan will provide hospice care to troubled investment funds, not resuscitate them.

Thursday, November 1, 2007 | Economist.com

The Fed cuts U.S. interest rates again

Faint hearted or far-sighted? Despite some internal misgivings and one outright dissenting vote, Ben Bernanke and his band of central bankers decided that the risks to America’s economy warranted slightly cheaper money.

Wednesday, October 31, 2007 | Bloomberg.com

New York City, State Budget Outlooks Dim as Wall Street Falters

New York state and city each predicted widening budget shortfalls as Wall Street profits plunge and the real estate market cools.

Wednesday, October 31, 2007 | Bloomberg.com

Asian Stocks Advance on Fed Rate Cut

Asian stocks rose after the Federal Reserve cut interest rates and U.S. economic growth accelerated, bolstering confidence in the region's biggest export market.

Wednesday, October 31, 2007 | New York Times

Fed Lowers Key Interest Rate by a Quarter Point

The move, to reduce short-term rates by a quarter point to 4.5 percent, was aimed at preventing the meltdown in housing from crippling the rest of the economy. But the vote was not unanimous, reflecting disagreement among policymakers about the risks that confront the economy.

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