<?xml version="1.0" encoding="utf-8"?>
<rss version="2.0">
   <channel>
      <title>GlobeSt. Topics - New York City</title>
      <link>http://www.globest.com/news/topics/newyork/index.html</link>
      <description></description>
      <language>en-us</language>
      <copyright>Copyright 2008 GlobeSt. Topics All Rights Reserved.</copyright>
      <webMaster>webmaster@iproduction.com</webMaster>
      <pubDate>Fri, 18 Jul 2008 13:51:12 CDT</pubDate>
      <lastBuildDate>Fri, 18 Jul 2008 13:51:12 CDT</lastBuildDate>
      <generator>IPS - www.iproduction.com</generator>

      <item>
         <title><![CDATA[ESDC To Further Columbia's 7M-SF Expansion Plan ]]></title>
         <description><![CDATA[NEW YORK CITY-The Empire State Development Corp. furthers the $6.28-billion project's implementation, a plan, which the agency is expected to formally approve this fall. ]]></description>
         <link>http://www.globest.com/news/1202_1202/newyork/172442-1.html?st=rss</link>
      </item>

      <item>
         <title><![CDATA[$61M Mixed-Use Sale Includes Air Rights]]></title>
         <description><![CDATA[NEW YORK CITY-The sale of two pre-war apartment buildings with 11 retail store on the Upper West Side provides long-term development potential.]]></description>
         <link>http://www.globest.com/news/1202_1202/newyork/172435-1.html?st=rss</link>
      </item>

      <item>
         <title><![CDATA[Italian Firm Looks To Shed 660 Madison Stake]]></title>
         <description><![CDATA[NEW YORK CITY-Milan-based Risanamento, who purchased the office portion of the property last year, is currently seeking a 'leading international broker' for the building sale.]]></description>
         <link>http://www.globest.com/news/1201_1201/newyork/172408-1.html?st=rss</link>
      </item>

      <item>
         <title><![CDATA[Construction Changes To Strengthen Safety]]></title>
         <description><![CDATA[NEW YORK CITY-There are 33 specific recommendations made in a report revealed by Mayor Bloomberg designed to improve the safety of abatement and demolition operations here.]]></description>
         <link>http://www.globest.com/news/1201_1201/newyork/172405-1.html?st=rss</link>
      </item>

      <item>
         <title><![CDATA[Merrill Lynch Abandons WTC ]]></title>
         <description><![CDATA[NEW YORK CITY-The brokerage firm is looking to renew its lease at 4 World Financial and turning its back on the WTC after a poor Q2.]]></description>
         <link>http://www.globest.com/news/1201_1201/newyork/172401-1.html?st=rss</link>
      </item>

      <item>
         <title><![CDATA[George Smith Arranges Credit Facility for CFA]]></title>
         <description><![CDATA[NEW YORK CITY-CFA's new fund was capitalized at $17 million and then leveraged with the $50 million credit facility to create a total capital pool of $67 million to expand loan activities.]]></description>
         <link>http://www.globest.com/news/1201_1201/newyork/172376-1.html?st=rss</link>
      </item>

      <item>
         <title><![CDATA[Capital Trust Finalizes $540M Investment Fund]]></title>
         <description><![CDATA[NEW YORK CITY-The locally based company will invest $25 million, with the remaining equity coming from third party investors. ]]></description>
         <link>http://www.globest.com/news/1200_1200/newyork/172370-1.html?st=rss</link>
      </item>

      <item>
         <title><![CDATA[107,071-SF Office Fetches Roughly $25M]]></title>
         <description><![CDATA[MINEOLA, NY-North Arrowhead Mineola sheds Century Plaza, a three-story class A office property at 330 Old Country Rd. here. The property was 96.8% leased at the time of sale.]]></description>
         <link>http://www.globest.com/news/1200_1200/newyork/172372-1.html?st=rss</link>
      </item>

      <item>
         <title><![CDATA[Shufro, Rose &amp; Co Renew at 745 Fifth Ave.]]></title>
         <description><![CDATA[NEW YORK CITY-The private wealth company renews the entire 26th floor at the Paramount Group property for five years. Asking rent at the building is $145 per sf. ]]></description>
         <link>http://www.globest.com/news/1200_1200/newyork/172368-1.html?st=rss</link>
      </item>

      <item>
         <title><![CDATA[Office: Still Strong Despite Rising Vacancy]]></title>
         <description><![CDATA[Vacancy rates increase in nearly every Manhattan submarket, but prime spaces continue to command high prices in select areas.]]></description>
         <link>http://www.globest.com/news/1199_1199/newyork/172331-1.html?st=rss</link>
      </item>

      <item>
         <title><![CDATA[Carlton Raises $630M for 666 Fifth Ave. Recap]]></title>
         <description><![CDATA[NEW YORK CITY-Carlton arranges a $325-million first mortgage, $135-million mezzanine mortgage and $170 million in equity from a $3-billion fund for the office and retail asset.]]></description>
         <link>http://www.globest.com/news/1199_1199/newyork/172339-1.html?st=rss</link>
      </item>

      <item>
         <title><![CDATA[Hudson River Park Trust Seeks RFP for Pier 57 ]]></title>
         <description><![CDATA[NEW YORK CITY-The site, which contains 300,000 sf of buildable space, is one of two sites available for commercial development on the Westside waterfront south of 59th Street. ]]></description>
         <link>http://www.globest.com/news/1199_1199/newyork/172330-1.html?st=rss</link>
      </item>

      <item>
         <title><![CDATA[Three SL Green Buildings Get Redo Programs]]></title>
         <description><![CDATA[NEW YORK CITY-Two Manhattan properties at 711 Third and 810 Seventh avenues will receive upgrades as well as 16 Court St., which SL Green recently purchased.]]></description>
         <link>http://www.globest.com/news/1199_1199/newyork/172314-1.html?st=rss</link>
      </item>

      <item>
         <title><![CDATA[Residential: Volume Dips as Prices Tick Upward]]></title>
         <description><![CDATA[Fewer Manhattan apartments changed hands in the first half of 2008 than in the first six months of 2007, but the market stays healthy]]></description>
         <link>http://www.globest.com/news/1198_1198/newyork/172296-1.html?st=rss</link>
      </item>

      <item>
         <title><![CDATA[Retail: All Roads Lead to Brooklyn]]></title>
         <description><![CDATA[Major chains continue opening or expanding in the city&#146;s most populous borough even if demand softens temporarily.]]></description>
         <link>http://www.globest.com/news/1198_1198/newyork/172304-1.html?st=rss</link>
      </item>

      <item>
         <title><![CDATA[Institutions Seek to Improve Balance Sheets]]></title>
         <description><![CDATA[NEW YORK CITY-Wachovia's reported sale of 1372 Broadway for $41 million less than it paid last year, will help generate capital, sources say.]]></description>
         <link>http://www.globest.com/news/1198_1198/newyork/172297-1.html?st=rss</link>
      </item>

      <item>
         <title><![CDATA[Knowing When the Time is Right]]></title>
         <description><![CDATA[Three veterans of development and construction form a new venture to help owners and developers leverage their land.]]></description>
         <link>http://www.globest.com/news/1198_1198/newyork/172273-1.html?st=rss</link>
      </item>

      <item>
         <title><![CDATA[Residential Building Expected to Fetch $200M]]></title>
         <description><![CDATA[NEW YORK CITY-Massachusetts Mutual Life Insurance Co. sheds Riverbank West, a 44-story luxury building in Manhattan&#146;s West 42nd Street Corridor to 'take a profit.']]></description>
         <link>http://www.globest.com/news/1198_1198/newyork/172263-1.html?st=rss</link>
      </item>

      <item>
         <title><![CDATA[Commentary with Newmark&#146;s Roseman]]></title>
         <description><![CDATA[&#145;They&#146;re looking to trim the fat a little bit.&#146;]]></description>
         <link>http://www.globest.com/news/1198_1198/newyork/172262-1.html?st=rss</link>
      </item>

      <item>
         <title><![CDATA[JV Launches $500M Fund for Distressed Loans]]></title>
         <description><![CDATA[NEW YORK CITY-Carlton Strategic Ventures forms the JV with Prudential to acquire existing performing real estate assets at a discount.]]></description>
         <link>http://www.globest.com/news/1197_1197/newyork/172243-1.html?st=rss</link>
      </item>
   </channel>
</rss>

