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Category Archives: – 1 The Good News and Greer Report
More evidence of a commercial real estate shoe yet to drop
October 13 The WSJ has an interesting article about how hotels were caught at the worst time taking out large loans to renovate right before the economic collapse of lat 2007 through 2009. They focus on the Hawaiian hotel market … Continue reading
More trouble in the high-end restaurant business
October 7, 2009 The Tribeca Trib is reporting that famed chef David Bouley has not paid rent on one of his buildings that was supposed to be a restaurant but was cancelled due to the NYC depression. In addition, one … Continue reading
Art on the walls of closed retail shops
October 12, 2009 The NY Times has a story about how so many ground level retail stores are empty in NYC that the landlords have turned to painting art on the walls to downplay the depressing sights. (more…)