Category Archives: Real estate

A new view: the Deutsche Bank eyesore is gone

Posted on June 28, 2011 by Editor

May 18, 2011 If you walk by the W hotel, you might notice something: you can see the new WTC looking northward. The dilapidated scandalous death trap of the old condemned Deutsche Bank building has finally been removed. Some have … Continue reading →

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Save the Stairs

Posted on June 17, 2011 by Editor

Update: June 17, 2011 The Winter Garden marble stairs are reportedly getting a pardon and will now be saved from demolition. Per our interview in March with grass roots leader Justine Cuccia, Brookfield Properties had wanted to demolish the awe-inspiring … Continue reading →

Posted in - 1 The Good News and Greer Report, Law, Real estate, State Government | 2 Comments

Trump failures?

Posted on April 19, 2011 by Editor

October 29, 2010 Not all of Donald Trump’s real estate ventures are successful. His “Trump Towers” in Sunny Isles, Florida are mostly vacant and have hundreds of vultures nesting at the top causing a menace. httpv://www.youtube.com/watch?v=nMhQECM49Mk (more…)

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The Trump SoHo dissappoints

Posted on April 18, 2011 by Editor

August 27, 2010 The real estate speculators who started large condo projects at the height of the bubble continue to struggle. The Wall Street Journal is reporting that the Trump SOHO is discounting prices by 25% to boost slumping sales. … Continue reading →

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The Gate House to close

Posted on February 18, 2011 by Editor

February 11, 2011 Eddie Yu, Battery Park restaurateur and owner of the Gate House, and former owner of Fox Hounds and Johnney’s Fish Grill (but NOT the owner of Au Mandarin according to Mr. Yu), announced that he will be … Continue reading →

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Housing prices dip in Q4 2010

Posted on January 4, 2011 by Editor

January 4, 2011 The WSJ is reporting that Manhattan home sale prices fell in the fourth quarter of 2010, and that the picture is not expected to be brighter in 2011. This comes on the heels of bad nationwide housing … Continue reading →

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Some economists say: “Let the housing market fully collapse fast”

Posted on September 6, 2010 by Editor

September 6, 2010 The New York Times is reporting that some economists think the “delay and pray” tactics of the federal government to prevent foreclosures and housing price reductions is just making the recovery that much further away. They say … Continue reading →

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Is this Newport?

Posted on September 3, 2010 by Editor

September 3, 2010 No one would guess that the country is in a double dip depression from the looks of North Cove. The number of mega-yachts anchored for the Labor Day holiday weekend has to be near record levels. It … Continue reading →

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Comparing an Islamic mosque by ground zero to a porn shop?

Posted on September 3, 2010 by Editor

Update: August 15, 2010 ABC Nightly News used the same distorted logic as did the New York Times back in May and made the moral equivalence of pornography shops and strip clubs many blocks away from Ground Zero to a … Continue reading →

Posted in - 1 The Good News and Greer Report, - Op-Ed, Real estate | Leave a comment

Emeril Lagasse cuts the price on his NYC apartment by 40%

Posted on August 20, 2010 by Editor

August 20, 2010 As evidence of the continued weak real estate market in NYC, TV chef Emeril Lagasse had to slash the price of his Midtown loft by 40%: from $7.6 Million to $4.6 Million. The WSJ has more. (more…)

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Big decline in apartment prices

Posted on August 20, 2010 by Editor

July 7th, 2010 The WSJ is reporting today an update on apartment sales prices and number of units sold. The good news is that the number of units increased 179% yoy to 383 units (137 in April of 2009), and … Continue reading →

Posted in - 1 The Good News and Greer Report, Real estate, Uncategorized | Leave a comment

Better food on the way courtesy of Goldman Sachs

Posted on July 28, 2010 by Editor

July 28, 2010 (UPDATE) It was confirmed at the CB1 meeting that Danny Meyer is bringing his duo of Shake Shack and Blue Smoke to BPC. In addition, a third Danny Meyer restaurant will open in the location of the … Continue reading →

Posted in Real estate, Wall Street | 1 Comment

The commercial real estate bubble

Posted on October 11, 2009 by Editor

October 6 The other shoe to drop for New York City will be the massive rate of defaults on commercial real estate loans. Up to a trillion dollars in loans could go unpaid within the next year or two. Will … Continue reading →

Posted in - 1 The Good News and Greer Report, Real estate, Schools, Wall Street | Leave a comment

More evidence of a commercial real estate shoe yet to drop

Posted on October 11, 2009 by Editor

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 →

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Art on the walls of closed retail shops

Posted on October 6, 2009 by Editor

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…)

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