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      <title>GlobeSt. Topics - New York City</title>
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      <copyright>&#169; 2009 ALM Media Properties, LLC. All rights reserved.</copyright>
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      <pubDate>Fri, 20 Nov 2009 15:51:57 CST</pubDate>
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         <title><![CDATA[Piaget Building Could Go to Auction]]></title>
         <description><![CDATA[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.]]></description>
         <link>http://www.globest.com/news/1543_1543/newyork/182316-1.html?st=rss</link>
      </item>

      <item>
         <title><![CDATA[Values Off 43% From 2007 Peak]]></title>
         <description><![CDATA[NEW YORK CITY-The rate of price declines appears to be slowing, says Moody&#146;s, although RCA notes that 2009 could be the slowest year this decade.]]></description>
         <link>http://www.globest.com/news/1543_1543/newyork/182310-1.html?st=rss</link>
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      <item>
         <title><![CDATA[GlobeSt.TV: Tenants&#146; Time Is Now]]></title>
         <description><![CDATA[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.]]></description>
         <link>http://www.globest.com/news/1543_1543/newyork/182294-1.html?st=rss</link>
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      <item>
         <title><![CDATA[Port Forges Ahead at WTC]]></title>
         <description><![CDATA[NEW YORK CITY-The Port Authority&#146;s board approved to sell additional bonds for Ground Zero redevelopment and to retain Cushman &amp; Wakefield for advisory services.]]></description>
         <link>http://www.globest.com/news/1543_1543/newyork/182303-1.html?st=rss</link>
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         <title><![CDATA[GGP Said to Reach Pact With Creditors]]></title>
         <description><![CDATA[NEW YORK CITY-Lawyers told a federal judge here Thursday that the plan would cover 166 of GGP&#146;s operating entities, the Wall Street Journal reported]]></description>
         <link>http://www.globest.com/news/1542_1542/newyork/182288-1.html?st=rss</link>
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         <title><![CDATA[Reform Allows Some Below-Market Land Sales]]></title>
         <description><![CDATA[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.]]></description>
         <link>http://www.globest.com/news/1542_1542/newyork/182287-1.html?st=rss</link>
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         <title><![CDATA[Recovery Could Look Like a &#145;U&#146;]]></title>
         <description><![CDATA[NEW YORK CITY-Fundamentals will continue declining nationwide through 2010, followed by a period of slow, sustained growth, Grubb &amp; Ellis executives said here Wednesday.]]></description>
         <link>http://www.globest.com/news/1542_1542/newyork/182280-1.html?st=rss</link>
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         <title><![CDATA[GlobeSt.TV: Expect More Distressed Debt]]></title>
         <description><![CDATA[NEW YORK CITY-Mark Costello, a partner at Ernst &amp; Young, talks to GlobeSt.com&#146;s Ian Ritter about the industry&#146;s distressed debt picture.]]></description>
         <link>http://www.globest.com/news/1542_1542/newyork/182272-1.html?st=rss</link>
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         <title><![CDATA[Wall Street Recovers Faster Than Expected]]></title>
         <description><![CDATA[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.]]></description>
         <link>http://www.globest.com/news/1541_1541/newyork/182262-1.html?st=rss</link>
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         <title><![CDATA[New CMBS Gets First Takers Under TALF]]></title>
         <description><![CDATA[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.]]></description>
         <link>http://www.globest.com/news/1541_1541/newyork/182263-1.html?st=rss</link>
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         <title><![CDATA[GlobeSt.TV: Restructuring Loans Easier, But Not Easy]]></title>
         <description><![CDATA[NEW YORK CITY-Scott Singer of the Singer &amp; Bassuk Organization discusses the hurdles of workouts with GlobeSt.com&#146;s Paul Bubny at the recent RealShare New York conference.]]></description>
         <link>http://www.globest.com/news/1541_1541/newyork/182250-1.html?st=rss</link>
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         <title><![CDATA[Government Needs to Get More Serious]]></title>
         <description><![CDATA[NEW YORK CITY-The Corus deal and DDR&#146;s issue of new CMBS show that Washington is smartening up, but more must be done, REBNY panelists said Tuesday.]]></description>
         <link>http://www.globest.com/news/1541_1541/newyork/182255-1.html?st=rss</link>
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         <title><![CDATA[Industry&#146;s Good Scouts Raise $325K]]></title>
         <description><![CDATA[NEW YORK CITY&#151;An annual event since 1963, the Boy Scouts&#146; Real Estate Industry 'Good Scout' Reunion Luncheon brought together local luminaries Monday.]]></description>
         <link>http://www.globest.com/news/1540_1540/newyork/182239-1.html?st=rss</link>
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         <title><![CDATA[Mid-Sized Banks Bear Brunt of Loan Risk]]></title>
         <description><![CDATA[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.]]></description>
         <link>http://www.globest.com/news/1540_1540/newyork/182234-1.html?st=rss</link>
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         <title><![CDATA[Travel Agency Stays Put in 26,000-SF Renewal]]></title>
         <description><![CDATA[NEW YORK CITY&#151;Ovation Travel Group is keeping its headquarters space on the 10th and 11th floors at 71 Fifth Ave. for 10 more years.]]></description>
         <link>http://www.globest.com/news/1540_1540/newyork/182238-1.html?st=rss</link>
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         <title><![CDATA[Garment Center Office Trades for $29M]]></title>
         <description><![CDATA[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.]]></description>
         <link>http://www.globest.com/news/1539_1539/newyork/182216-1.html?st=rss</link>
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         <title><![CDATA[Leasing Velocity Dips in October]]></title>
         <description><![CDATA[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. ]]></description>
         <link>http://www.globest.com/news/1539_1539/newyork/182198-1.html?st=rss</link>
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         <title><![CDATA[GlobeSt.TV: Normal Credit Market Years Away]]></title>
         <description><![CDATA[NEW YORK CITY&#151;William Green, CEO of Tannery Brook Partners, speaks with GlobeSt.com&#146;s Paul Bubny at RealShare New York about the time frame for a recovery.]]></description>
         <link>http://www.globest.com/news/1539_1539/newyork/182195-1.html?st=rss</link>
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         <title><![CDATA[Costco Comes to Manhattan]]></title>
         <description><![CDATA[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.]]></description>
         <link>http://www.globest.com/news/1538_1538/newyork/182188-1.html?st=rss</link>
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         <title><![CDATA[City Shops for Rides After Coney Island Deal]]></title>
         <description><![CDATA[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.]]></description>
         <link>http://www.globest.com/news/1538_1538/newyork/182182-1.html?st=rss</link>
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