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peter's bookmarks on real estate and new york city in the media
Wednesday, August 29, 2007 | The Real Deal

Thor effect' seen on Coney Island properties

Developer's interest gives smaller properties a lift...Lost in the hype over Thor's [Equities] back-and-forth battle with the city is that Coney Island's smaller developers are positioning themselves to take advantage of whatever ends up on those weedy lots.

Wednesday, August 29, 2007 | city feet

Site and development plans sold on Church St. in Tribeca

A conversion/development site at 136 Church Street in TriBeca was sold in an all-cash transaction for $30.5 million.

Wednesday, August 29, 2007 | The New York Sun

City's Parks Attract Exciting Residential Development

Apartments adjacent to parks in Manhattan, which include Central Park, Madison Square Park, Gramercy Park, and Carl Schurz Park, and in Brooklyn near Prospect and Brooklyn Bridge parks, are selling at premiums of at least 25%.

Wednesday, August 29, 2007 | Reuters

Consumers saying farewell to ARMs as rates surge

Consumers are shunning adjustable-rate mortgages in droves as rates surged to levels not seen in over six years, data from an industry trade group showed on Wednesday.

Tuesday, August 28, 2007 | Crain's NY Business

Local mortgage-related layoffs in thousands Crain's New York Business

The fallout from the mortgage crisis has claimed thousands of local jobs.

Monday, August 27, 2007 | The Real Deal

Scorsese buys Upper East Side townhouse for $13M

Film director Martin Scorsese has signed a contract for a townhouse on the Upper East Side for about $13 million, a source said.

Sunday, August 26, 2007 | New York Times

Drop Foreseen in Median Price of U.S. Homes

Economists say the decline, which could be foreshadowed in a widely followed government price index to be released this week, will probably be modest — from 1 percent to 2 percent — but could continue in 2008 and 2009.

Sunday, August 26, 2007 | New York Times

Existing-Home Sales Fall to 5-Year Low

Sales of previously owned homes fell to a five-year low in July and the glut of unsold properties climbed to the highest since 1991 as the housing slump dragged on.

Sunday, August 26, 2007 | New York Times

Inside the Countrywide Lending Spree

Potential borrowers were often led to high-cost and sometimes unfavorable loans that resulted in richer commissions for Countrywide’s smooth-talking sales force, outsize fees to company affiliates providing services on the loans, and a roaring stock price that made Countrywide executives among the highest paid in America.

Sunday, August 26, 2007 | RealEstateJournal

RealEstateJournal | Entrepreneur Posts Price for Home On Zillow and Sells for $1.15 Million

Although posting a Make Me Move price and working with the buyers directly was more work-intensive than listing with a real-estate agent, the experience was positive.

Thursday, August 23, 2007 | The New York Sun

Real Estate Record Hits Hurdle— 'Deeper Impact' of Credit Crunch

The purchase of 450 Park Ave. for $1,589 a square foot, at the corner of East 57th Street, is only the latest of several high-profile deals that are in turmoil. Now, the private equity firm Somerset Partners is struggling to close the $510 million deal, beset by the rising cost of debt.

Tuesday, August 21, 2007 | The New York Observer

Ross’ Related Plans Something Big and Tall on Eighth Avenue

Here comes the Eighth Avenue boom crashing through the Theater District, with Stephen Ross’ Related Companies giddily leading the caravan.

Tuesday, August 21, 2007 | The New York Observer

A $62 M. Townhouse? In Mad Manhattan, Prices Are Meaningless

Two brothers, liquor heirs Matthew and Edgar Bronfman Jr., both sold their Upper East Side townhouses this summer for about 11 times what they paid for each in 1994.

Monday, August 20, 2007 | The New York Observer

More $20 M. Townhouse Sales in '07 Than in Every Other Year Combined

There’s been more townhouse sales—56—in the first six months of 2007 than there were in all of 2005, 2004, 2003 or 2002. There were more townhouse sales of at least $20 million each in the first six months of 2007 than there were in every other year combined.

Sunday, August 19, 2007 | New York Times

The Manhattan Real Estate Slump That Wasn’t

Something happened on the way to the Great Manhattan Housing Slump... by the end of this past June, it was clear that an astonishing gulf had opened up between Manhattan and nearly everywhere else.

Sunday, August 19, 2007 | New York Times

In Mortgage Meltdown, Missed Signs

The extent of the turmoil has stunned much of Wall Street, ... there were ample warning signs that a financial time bomb in the form of subprime mortgages was ticking quietly for months, if not years.

Saturday, August 18, 2007 | New York Times

The Unforgivingness of Forgetfulness

Problems in the credit market have shaken the confidence of stock markets around the world. To some analysts, the pattern is reminiscent of the dot-com bubble, and burst, of the late 1990s.

Thursday, August 16, 2007 | The New York Sun

Though City Borrowers Feel Pinch, Manhattan Seen as Insulated

The tightening credit market is leading to more demands from banks and higher interest rates.

Tuesday, August 7, 2007 | The Slatin Report

Housing on the spot (market)

A former investment banker – in partnership with some powerful investment banks and a rocket scientist – is preparing to launch the latest in real estate indexes in an attempt to break open the derivative market for residential property.

Saturday, July 28, 2007 | The New York Times

The Not-So-Secret Garden in the Apthorp's Courtyard

A STRING of landscaped apartment-house courtyards runs up the West Side, from the Dakota at 72nd Street and Central Park West to the Astor Court at 89th and Broadway.

Sunday, July 22, 2007 | The New York Times

The Biggest Step Up of Them All

WHEN Brian Schnelle and Meghan McGarry met nine years ago as colleagues at a Midtown Manhattan brokerage firm, each was sharing a second-rate apartment with roommates.

Sunday, July 22, 2007 | The New York Times

When the Everyday Becomes Art

WHEN Stephen Szczepanek invites people to his loft on the border of Greenpoint and Williamsburg in Brooklyn, he sends them a two-page e-mail message with four different sets of directions for finding him.

Sunday, July 22, 2007 | The New York Times

Yes, There Is a Place Named 'Real Good'

IN 1989, when Gabriel Kazakov was 14, his family moved to New York from the Central Asian republic of Uzbekistan and settled in a rental apartment on the edge of Rego Park in Queens, where thousands of others — Bukharian Jews like him and his family — transplanted themselves as the Soviet Union collapsed.

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