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December 3, 2008
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NEW YORKThe Business of New York Real Estate: Timely Information, Trusted Analysis and Valuable Resources Online
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.
• Class Action Filed Over Countrywide Securities
• Bronx Housing Project Secures $24M Financing
• Business Group Signs for 14,000 SF on B’way
• Duane Morris Adds 20-Lawyer RE Team
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EXPERT OPINIONS
Expert Opinions
Is it Deja Vu All Over Again?
The question is whether lenders will devalue assets to satisfy FDIC requirements as they did in the days of the Resolution...
Tax Trends:
Shift to GIM
Should Make Owners Wary
The NYC Finance Department has moved to an assessment formula that offers more predictability but no more accuracy.
QUICK POLL
The Bailout:
Is Already Improving CRE’s Outlook
Won’t Help the Industry for a While

View Results
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AROUND THE NATION
City Approves Nvidia HQ Development
SAN 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.
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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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COMMUNITY
Michael Slattery on last week's poll
'I'm hopeful the effects will be positive.'
After Hours:
Subscribing to a Better Cause
CresaPartners' McArthur and other corporate types rock for charity.
CALENDAR OF EVENTS
FEATURED EVENT
ICSC New York National Conference & DealMaking
December 8-10, 2008
New York Hilton & Towers, New York
NEXT EVENT
Inside Secrets of Top Brokers: Manhattan
November 20, 2008
Mendik Education Center, New York City
Post Your Event View 2008 Calendar
DIRECTORIES
Green Buildings Resource Guide 2008
Professional Services Resource Guide
Best of the Best New York
A guide to product suppliers and service providers for New York's commercial real estate industry.
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WEBINAR SPOTLIGHT
LIVE--The US Economy Part II—What Can We Do to Survive?
When we originally convened this panel of experts in July, no one had heard of TARP, and the Financial Center of the world was still Manhattan—not Washington, DC. Five months and more than $700 billion later, the future looks bleaker than ever. Do our experts agree? And what lies ahead as we swing into the second year of this downturn? Wednesday, December 17, 2008, 12:30 PM EDT. Registration Cost: $85
Register Now >

Other Webinars
• Hotel Operations: Solid Gold Strategies for Your P&L
• Wall Street in a Freefall
• How To Kick-Start Your Career
• US Economy: Crisis and Cures
• Market Meltdown Webinar
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RESEARCH & ANALYSIS
Office: Greatest Challenges Still Ahead
NEW YORK CITY-Expect 2009 to be a tougher year for leasing and sales, while offering some bright spots, said experts from Colliers and Grubb.
Multifamily Joins REIT Stocks’ Slide in Q3
Apartment REITs have so far held up better than other sectors. But if the outlook of management teams is any indication, the worst is yet to come.
REBNY Report: Retail Holds Up
NEW YORK CITY-Manhattan asking rents for ground floor retail are off 3% from Q3 2007, but top brokers say they’re optimistic.
HOT TOPICS
Real Estate Forum:
Recession Takes Bite out of Big Apple
Even New York City's once-bulletproof office sector is feeling the effects of the downturn.
Lower Manhattan Update:
Watching and Waiting
Delays in rebuilding at Ground Zero are testing patience, yet Downtown's boosters say the neighborhood's renaissance is a foregone conclusion.
Green Pages:
Liquid Assets
Developers use everything from underground cisterns to low-flow faucets to conserve and reuse water.