Archive for December, 2009
Happy New Year
December 31st, 2009
Posted in Real Estate News

From all of us at The Real Deal, have a happy, healthy and prosperous new year.
General Growth net loss narrows in November
December 31st, 2009
Posted in Real Estate News
Bankrupt shopping mall owner General Growth Properties Inc, which is seeking to surface from bankruptcy protection next year, posted a narrower net loss in November from the month before, according to a monthly regulatory filing.
Happy New Year, Before Going Out Tonite, Make Sure you Flush the Toilet
December 31st, 2009
Posted in Talk
Created about 2 hours ago
what is going on at bidonthecity.com?…bs or real?
December 31st, 2009
Posted in Talk
Created about 1 hour ago
The Real Deal’s best of 2009
December 31st, 2009
Posted in Real Estate News
The year 2009 was a trying time to be a real estate broker, developer or investor, but it never lacked for news. In the aftermath of the financial crisis, the industry watched in awe — and sometimes horror — as residential sales ground to a virtual halt, condo projects stopped in their tracks, office rents shrank and retail stores disappeared. Buyers at buildings like 22 Renwick sued to get out of their contracts, and some were granted the opportunity to back out of their contracts. Meanwhile, an amazing cast of characters — from Kent Swig to Harry Macklowe to Lev Leviev — publicly fought for survival. There were also glimmers of hope, from the opening of the High Line in June to the expansion of Halstead Property into Connecticut to the sale of Former Lehman Brothers CEO Dick Fuld’s sale 16-room co-op apartment at 640 Park Avenue for $25.87 million, almost $5 million more than he bought it for two years ago. Click here to see The Real Deal staff’s picks for the stories that most altered the New York City real estate landscape in 2009, in alphabetical order.
CMBS Loan Delinquencies Could Reach 7% and Beyond in 2010, says Realpoint
December 31st, 2009
Posted in News, Real Estate Investors
$2,325 1 BR in Upper East Side
December 31st, 2009
Posted in Manhattan Rentals
New York NY Upper East Side (59-96)
Web ID#: 25139
Property Type: Hi-rise
Beds: 1
Baths: 1
Rent: $2,325
view full listing |
This luxury One bedroom apartment with balcony facing south with city views is a beautiful cozy apartment. Unit includes dishwasher and microwave, washer/dryer allowed(hookups).
The building includes Full-time Doorman, Full Service Garage, Health Club, Pool (sauna and steam room also), Climate control units in apartments. Beautiful and quiet neighborhood,Convenient to neighborhood shopping To View Today Call Terrell!!! |
| Terrell Langston direct: 212.252.8772 cell: 347.678.8006 terrelll@nestseekers.com |
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Jamaica Bay land designated for park usage
December 31st, 2009
Posted in Real Estate News
A 1.2-acrea swatch of land in Jamaica Bay is set to become a waterfront park, after initial plans to transform it into a space for private developments was scrapped. Trust for Public Land, a non-profit conservation group, purchased the land from Hudson Companies, which had planned to build 20 homes on the site. The group purchased the land for $1.925 million, with additional funds provided by the Port Authority of New York and New Jersey, before immediately donating it to the city for public use. Alan Ball, one of the owners of Hudson Companies, said that his group was happy with the outcome of the deal. “We had no debt on the property, and we could have held on to it pretty easily, so we said we might as well cut bait and move on,” Ball said. “Moving this project to the Trust for Public Land was a very good thing to do.”
NY Claims $12M in Savings on Property Leases
December 31st, 2009
Posted in Real Estate News
Landlords beware. New York officials say they’re retooling leases for state agencies in the economic downturn’s soft real estate market and have squeezed out almost $12 million in savings since April.
Moinian Group sues to block Dwell95 auction
December 31st, 2009
Posted in Real Estate News
Developer Joe Moinian filed a lawsuit on Monday to block the scheduled auction of Dwell95, his luxury rental building at 95 Wall Street, however a last minute bankruptcy filing by the mezzanine lender has postponed the proceeding. Monian’s Moinian Group, one of the city’s biggest real estate development companies, filed suit in New York State Supreme Court against Rubicon Finance America, which held a $42 million mezzanine loan on the 507-unit property in the Financial District. Moinian had a $227 million construction loan on the building from Credit Suisse-unit Column Financial, but the value of the property fell below the loan balance due to the 2008 economic downturn, which put the mezzanine loan into default, according to the complaint. Moinian alleges he reached an agreement with Rubicon and Credit Suisse to buy the $42 million mezzanine loan for $1 million, but he says on Dec. 10 that Rubicon agreed to sell $1.4 billion in loans, including the Dwell95 loan , to a joint venture firm that included FBE Limited and Lane Capital Management. Right after the sale, Moinian alleges that FBE and Lane Capital scheduled a Dec. 30 auction to foreclose on 95 Wall Street and basically deprive him of the chance to buy back the defaulted mezzanine loan.
NY(S) foreclosure filings to be up 17 percent by year’s end
December 31st, 2009
Posted in Talk
Created 19 minutes ago
$2,650 1 BR in Upper East Side
December 31st, 2009
Posted in Manhattan Rentals
New York NY Upper East Side (59-96)
Web ID#: 25138
Property Type: Hi-rise
Beds: 1
Baths: 1
Rent: $2,650
view full listing |
Dramatic floor-to-ceiling windows bring the city into your living room. Sleek, opulent kitchens of green granite, apple wood and stainless steel.Baths of imported marble, banjo-style vanity tops and polished chrome fixtures. A standard size Washer & Gas Dryer in every apartment. Individually controlled heating & air conditioning is a comfort to all. CAT-5 wiring will make your home office run right. Three choices of broadband inter net gives you flexibility and speed. Your choice of television service; DirecTV (satellite television) or Time Warner Cable Serene, Italian lobby of marble, limestone, onyx and polished woods. Extravagantly landscaped 33rd floor roof deck for all residents to enjoy. State-of-the-art complimentary fitness center with elliptical trainers, free-weights, treadmills, cycles and a multi-gym for a balanced workout. Elegant Residents Club and Library with a large-screen entertainment system and adjoining landscaped terrace. Convenient bicycle and locker storage for residents belongings. To View Today Call Terrell!!! |
| Terrell Langston direct: 212.252.8772 cell: 347.678.8006 terrelll@nestseekers.com |
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