Last Updated: January 27, 2006 10:00pm ET

NYC Mayor Pushes Silverstein to Back Off

By Barbara Jarvie

NEW YORK CITY-In his State of the City address, Mayor Michael Bloomberg calls for the developer to “do the right thing” and hand off the responsibility for building Towers 3 and 4 in exchange for a rent reduction.

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Distressed CRE Continues to Ebb

WASHINGTON, DC-A forthcoming report from Delta Associates shows that distressed commercial real estate in the United States totaled $166.9 billion in January 2012, down $4.7 billion since October 2011.

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