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TOP STORY
NEW YORK CITY-Mayor Michael Bloomberg has signed bills increasing annual assessments for 13 business improvement districts and creating a new BID in the Bronx.
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Staying in FashionA Garment District mainstay, 1407 Broadway, gets spruced up with a lobby makeover |
From the Magazine:
A Market in TurmoilPost Lehman and Merrill, insiders look at the bleak road ahead. |
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EXPERT OPINIONS
Expert Opinions
The question is whether lenders will devalue assets to satisfy FDIC requirements as they did in the days of the Resolution...
The NYC Finance Department has moved to an assessment formula that offers more predictability but no more accuracy.
SECTOR WATCH
Duane Morris Adds 20-Lawyer RE TeamNEW YORK CITY-The construction and real estate practice group joins Duane Morris New York office from Thelen, which dissolved in October.
INDUSTRIAL
• CapLease Cuts Dividend for 09• MTA Plans Cuts, Fare Hikes To Close $1B Gap
• Marcus & Millichap Brings in New Associate VP
MULTIFAMILY
• Postal Service Gains Approval for 858,000 SF• Class Action Filed Over Countrywide Securities
• Assets Marketed For Income, Redevelopment
OFFICE
• City Approves Nvidia HQ Development• Water Street Expands at 333 W. Wacker
• Appian Opens Fredericksburg Office
RETAIL
• Tanger Outlets Restructures Leadership• Report: U-Store-It HQ May Relocate to PA
• City Hires Inland for 19-Property Update
HOTEL
• Hotels Adjust, Communicate After Attacks• Cohen Arranges $27M Condo-Hotel Credit
• Plasencia to Handle FelCor Hotel Sales
NET LEASE
• Shock Markets--Global Tickers Plunge• Slow Economy Impacts Dallas
• Panel: Credit Fallout Isnt Discriminatory
AROUND THE NATION
City Approves Nvidia HQ DevelopmentSAN FRANCISCO-The Santa Clara City Council signs off on the planned redevelopment of the San Tomas Business Park into a 1.9 million-square-foot headquarters campus for Nvidia Corp.
HEADLINES
• Real Estate Forum: Can $700B Unclog the Credit Spigot?
• Pryor Cashman Takes 100,000 SF
• NetLease Forum:
Shareholders Challenge CVS' Longs Buy


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