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newsreal
peter's bookmarks on real estate and new york city in the media
Monday, October 22, 2007 | RealEstateJournal

Study Shows Timely Payments On New Mortgages Rise

In a glimmer of good news for the U.S. home-mortgage market, more people are managing to keep up with payments on loans made in recent months.

Monday, October 22, 2007 | New York Times

Asian Stocks Tumble, and European Markets Follow

Investors in Asia sold off stocks on worries that the United States mortgage crisis would crimp demand among American consumers for Asia’s exports.

Saturday, October 20, 2007 | LoHo10002

Giant Tom Otterness frog sculpture dedicated at LES playground

The sculptor Tom Otterness, who's bronze figures enliven the A train stop at 14th St and in Rockefeller Park near Tribeca, gave the lower east side a great big frog on Friday. A celebration with schoolchildren and public officials welcomed the frog to the ABC playground at Houston and Essex.

Saturday, October 20, 2007 | Matrix

A jumbo mortgage problem may be conforming

David Berson, Chief Economist for Fannie Mae, in his weekly commentary discussed a possible sign that there was improvement in the jumbo mortgage market because the spread between conforming and non-conforming mortgage rates was stabilizing, if not contracting.

Friday, October 19, 2007 | New York Post

Sky High. Buyers pay big bucks for a piece of the roof

The rooftop cabana, a private, fenced-off space with electricity and a water hookup, is the latest way developers are cashing in on the scarcity of outdoor space in city apartments.

Thursday, October 18, 2007 | New York Post

Quick Change

While the rest of the country writhes in mortgage agony, much of New York seems to be bouncing like a carefree 8-year-old on a trampoline.

Thursday, October 18, 2007 | RealEstateJournal

Paulson Says Housing Is Likely To Adversely Affect Economy

U.S. Treasury Secretary Henry Paulson offered a sobering view Tuesday of the pressure the housing market was having across the country, saying the decline stood "as the most significant current risk to our economy."

Thursday, October 18, 2007 | RealEstateJournal

Housing Slump May Persist For at Least Another Year

The Mortgage Bankers Association predicts the housing recession will last until the end of the third quarter next year. And if confidence isn't restored in the credit markets, the wait could extend until 2009, the group's chief economist said.

Thursday, October 18, 2007 | New York Times

Countrywide Chief Is Said to Face S.E.C. Inquiry

The Securities and Exchange Commission has opened an informal investigation into the stock sales of the chief executive of Countrywide Financial, a person briefed on the matter said last night, the latest problem to hit the struggling mortgage lender.

Tuesday, October 16, 2007 | New York Times

Housing Slump ‘Unfolding,’ Treasury Chief Says

Treasury Secretary Henry M. Paulson Jr. offered a pessimistic view of the country’s housing slump today as he called for help for hard-pressed homeowners and new mortgage regulations. But he urged Congress not to overreact by passing excessively harsh measures.

Tuesday, October 16, 2007 | New York Post

Upside Downtown

In five years, the area will certainly no longer be associated with grim office buildings, fast food and discount electronics outlets. And while the boundaries of Downtown Brooklyn seem to expand regularly (we're talking about a swath of Brooklyn that includes at least parts of Fort Greene, Boerum Hill, Brooklyn Heights and even DUMBO), the potential seems boundless.

Tuesday, October 16, 2007 | New York Times

Treasury Chief Moves to Stabilize Markets; Bernanke Is Troubled by Housing Trend

A plan announced by the Treasury Secretary Henry M. Paulson Jr. on Monday tries restoring confidence and jump starting the credit markets.

Friday, October 12, 2007 | Curbed

Where Moondance Fell Brack's Grand Hotel Will Rise

The once sleepy stretch of Sixth Avenue just north of Canal Street is really starting to boom. On the block where the Moondance Diner sat before packing up and rolling off to Wyoming, developer Brack Capital Real Estate will build a 114-room boutique hotel.

Friday, October 12, 2007 | The New York Sun

Israel's Biggest Real Estate Company To Buy TriBeCa Building

Israel-based Industrial Buildings Company and the Herzlia company plan to convert a five-story building at 87 Chambers St. into a 100-room boutique hotel.

Friday, October 12, 2007 | The Real Deal

Spring Street building sells for $1400 per square foot

A 6,000-square-foot commercial loft building at 150 Spring Street in Soho has sold for $8.45 million, or about $1,400 per square foot, which has to be close to a record for this type of small building.

Friday, October 12, 2007 | The Real Deal

Co-op applicants draw more scrutiny

Despite a national housing slowdown and the credit crunch, Manhattan's real estate sales market continues to hold its own, and the stringent standards of co-op boards have been credited with sheltering the city from the turbulence around the country. I'm quoted in this article.

Friday, October 12, 2007 | New York Daily News

Redevelopment czar calls for affordable housing downtown

The state's plan would redevelop the area along Greenwich Street, near the entrance to the Brooklyn Battery Tunnel, between Battery Park and the World Trade Center site. The apartments would be part of a state plan to create 3 million square feet of affordable residential space.

Thursday, October 11, 2007 | New York Times

The Stylish Terrarium: Decorating Under Glass

In New York City, in the seven years since the first two Richard Meier buildings began taking shape on the West Side Highway, the glass curtain wall has become, if not a cliché, then a defining element of this decade'€™s streetscape. Decoraters weigh in, on the new houses of glass.

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