Manhattan Apartments

For Pension Funds, Crisis Spawns Search for a New Metric

For Pension Funds, Crisis Spawns Search for a New Metric

Uneven Seniors Housing Recovery Taking Shape, Says NIC

Uneven Seniors Housing Recovery Taking Shape, Says NIC

New Fund Targeting Smaller Core-Plus Properties

New Fund Targeting Smaller Core-Plus Properties

Rooftop Solar Rentals Generate Power and Revenue

Rooftop Solar Rentals Generate Power and Revenue

Landmark D.C. Building Earns LEED Gold Certification

Landmark D.C. Building Earns LEED Gold Certification

Smart Building Solution Enhances Energy Performance, Says Johnson Controls

Smart Building Solution Enhances Energy Performance, Says Johnson Controls

General Growth’s Reorganization Plan Seen as a Rebuke to Simon

General Growth’s Reorganization Plan Seen as a Rebuke to Simon

Economist: Washington’s Fixes Have Become the Problem

Economist: Washington’s Fixes Have Become the Problem

Trepp Moves Beyond CMBS, Purchases Foresight Analytics

Trepp Moves Beyond CMBS, Purchases Foresight Analytics

Global Commercial Property Sales Surge 85% In Fourth Quarter, Says RCA

Global Commercial Property Sales Surge 85% In Fourth Quarter, Says RCA

NAR Sees Gloomy 2010, Better News in 2011

NAR Sees Gloomy 2010, Better News in 2011

Sizing Up Stimulus Results

A year into the American Recovery and Reinvestment Act, Newsweek checks in with a few local loan recipients. The big question: Did the money doled out by the government work as a stimulus or stopgap? The Polytechnic Institute of New York University picked up $4.2 million to put towards research on renewable energy, which could eventually result in new jobs and cheaper energy resources. However, for Peter Byrners, owner of the seven-person graphic design firm Lúgh Studio Inc. (at 138 Union Street, near Columbia Street), the $150,000 loan he received “enabled him to pay an outstanding American Express bill and payroll taxes, and provided a much-needed cash cushion. But it did not help him hire new workers, restore his company’s health insurance, or reinstate the employees’ 20 percent pay cut.” Greenwich Street Equities took out a loan to build Choice Hotel (at 611 DeGraw St, between Third and Fourth avenues), but it’ll be spent entirely on temporary jobs: “The $1.5 million loan for the boutique hotel will employ 50 to 60 subcontractors and construction workers until the property is completed.”
The Stimulus in My Neighborhood [Newsweek]
Photo from WSDM.

CityCenter Raises the Stakes in Vegas

CityCenter Raises the Stakes in Vegas

GGP Merger Would Make Simon A Force to Reckon With For Tenants and Lenders

GGP Merger Would Make Simon A Force to Reckon With For Tenants and Lenders

Tenants Appeal to Lease Auditors for Rent Relief

Tenants Appeal to Lease Auditors for Rent Relief

After a Stunning Transformation, Dubai Faces an Uncertain Future

After a Stunning Transformation, Dubai Faces an Uncertain Future

BOMA Unveils New Office Measurement Standard

BOMA Unveils New Office Measurement Standard

Lender Processing Licenses Maponics for Map Searches

Lender Processing Licenses Maponics for Map Searches

Among Buyers, Who Will Step Up?

Among Buyers, Who Will Step Up?

Bad CRE Debt Threatens U.S. Economy, Congressional Panel Concludes

Bad CRE Debt Threatens U.S. Economy, Congressional Panel Concludes

Piedmont, Former Wells REIT, Goes Public

Piedmont, Former Wells REIT, Goes Public

The Carlton Group to Auction $564 Million in Distressed Loans, Assets

Over the past week, the real estate investment banking firm Carlton Group received two major auction assignments totaling $564 million.

Out of Retreat: Private Equity Investors To Boost Real Estate Allocations in 2010

Out of Retreat: Private Equity Investors To Boost Real Estate Allocations in 2010

Building A Case for a Second-Half Recovery in 2010

Building A Case for a Second-Half Recovery in 2010