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Piaget Building Could Go to Auction
By Cody Lyon
NEW YORK CITY-Several outcomes are possible in federal attempts to seize 650 Fifth Ave., allegedly a front for the Iranian government, including dismissal of the case. ... Full Story
Values Off 43% From 2007 Peak
By Paul Bubny
NEW YORK CITY-The rate of price declines appears to be slowing, says Moody’s, although RCA notes that 2009 could be the slowest year this decade. ... Full Story
GlobeSt.TV: Tenants’ Time Is Now
NEW YORK CITY-Marisa Manley, president of Commercial Tenant RE Representation, sits down with Ryan Clark of GlobeSt.com to discuss the flux in the owner/tenant dynamic. ... Full Story
Port Forges Ahead at WTC
By Cody Lyon
NEW YORK CITY-The Port Authority’s board approved to sell additional bonds for Ground Zero redevelopment and to retain Cushman & Wakefield for advisory services. ... Full Story
GGP Said to Reach Pact With Creditors
By Paul Bubny
NEW YORK CITY-Lawyers told a federal judge here Thursday that the plan would cover 166 of GGP’s operating entities, the Wall Street Journal reported ... Full Story
Reform Allows Some Below-Market Land Sales
By Paul Bubny
NEW YORK CITY-The state Assembly on Wednesday passed a modified version of the Public Authorities Reform Act, to the relief of Mayor Michael Bloomberg. ... Full Story
Recovery Could Look Like a ‘U’
By Paul Bubny
NEW YORK CITY-Fundamentals will continue declining nationwide through 2010, followed by a period of slow, sustained growth, Grubb & Ellis executives said here Wednesday. ... Full Story
GlobeSt.TV: Expect More Distressed Debt
By Ryan Clark
NEW YORK CITY-Mark Costello, a partner at Ernst & Young, talks to GlobeSt.com’s Ian Ritter about the industry’s distressed debt picture. ... Full Story
Wall Street Recovers Faster Than Expected
By Paul Bubny
NEW YORK CITY-State comptroller DiNapoli says that the securities industry is profitable again, but both he and city comptroller Thompson warn that job losses persist. ... Full Story
New CMBS Gets First Takers Under TALF
By Paul Bubny
NEW YORK CITY-The Federal Reserve Bank of New York said Wednesday it had gotten $72.2 million in requests for newly issued CMBS, ending a five-month drought. ... Full Story
GlobeSt.TV: Restructuring Loans Easier, But Not Easy
By Ryan Clark
NEW YORK CITY-Scott Singer of the Singer & Bassuk Organization discusses the hurdles of workouts with GlobeSt.com’s Paul Bubny at the recent RealShare New York conference. ... Full Story
Government Needs to Get More Serious
By Paul Bubny
NEW YORK CITY-The Corus deal and DDR’s issue of new CMBS show that Washington is smartening up, but more must be done, REBNY panelists said Tuesday. ... Full Story
Industry’s Good Scouts Raise $325K
By Cody Lyon
NEW YORK CITY—An annual event since 1963, the Boy Scouts’ Real Estate Industry 'Good Scout' Reunion Luncheon brought together local luminaries Monday. ... Full Story
Mid-Sized Banks Bear Brunt of Loan Risk
By Paul Bubny
NEW YORK CITY-Smaller banks could lose up to 24% on their commercial real estate loans as fundamentals continue declining, says a Fitch Ratings report. ... Full Story
Travel Agency Stays Put in 26,000-SF Renewal
By Paul Bubny
NEW YORK CITY—Ovation Travel Group is keeping its headquarters space on the 10th and 11th floors at 71 Fifth Ave. for 10 more years. ... Full Story
Garment Center Office Trades for $29M
By Paul Bubny
NEW YORK CITY-A JV of two local entrepreneurs has acquired 63-67 W. 38th St. in an all-cash deal from seller Savanna Investment Management. ... Full Story
Leasing Velocity Dips in October
By Paul Bubny
NEW YORK CITY-Following a busy third quarter, Midtown volume came in under the one-million-square-foot mark for the first time since May. ... Full Story
GlobeSt.TV: Normal Credit Market Years Away
By Ian Ritter
NEW YORK CITY—William Green, CEO of Tannery Brook Partners, speaks with GlobeSt.com’s Paul Bubny at RealShare New York about the time frame for a recovery. ... Full Story
Costco Comes to Manhattan
By Paul Bubny
NEW YORK CITY-The warehouse club opens its first location in the borough with a 110,000-square-foot space at the new East River Plaza in Harlem. ... Full Story
City Shops for Rides After Coney Island Deal
By Cody Lyon
NEW YORK CITY-The city is issuing an RFP for operators and developers of a 12.5-acre amusement park, one day after announcing an agreement with Thor Equities. ... Full Story
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