Jan 25th 2010 3:50PM
New York is a unique town, so it's only fitting that it should have it's own unique version of the real estate crash -- one that is writ large. Today, lenders took back the keys to one of the city's biggest apartment complexes, the massive Stuyvesant Town and Peter Cooper Village, ending a months-long saga. But Stuy Town... Continue Reading »
Jan 19th 2010 9:00AM
Could the defaults and foreclosures of office towers, shopping malls, and half-built condo complexes bring down the rest of the economy? That's been the worry in recent weeks, as the "slow motion train wreck" of commercial real estate picks up steam. "Both in the U.S. and Europe, experts are concerned that stress from... Continue Reading »
Jan 14th 2010 9:00AM
The commercial real estate brokers at Cushman & Wakefield invited dozens of reporters into their gleaming new office on Sixth Avenue this week to share their year-end outlook and some breakfast. In this case, served sunny side up. As headlines trumpet the dire state of commercial real estate -- office buildings,... Continue Reading »
Jan 13th 2010 3:50PM
The second, third, or maybe Nth shoe to fall in the ongoing real estate crisis is commercial real estate -- offices, factories and to a certain extent rental apartments -- which tend to trail the owner-occupied housing market as leases end, jobs are lost, and businesses close (or recover). Alas, commercial real estate... Continue Reading »
