Owner: Prime Manhattan Realty URL:http://manhattanoffices.com/wordpress Join Date: Sat, 27 Oct 2007 17:34:24 -0500 Rating:0 Site Description: Hello and welcome to our Prime Manhattan Realty blog. Here we will discuss New York Commercial Real Estate, from what’s in the news, to reviews and stories related to the industry. Considering today’s real-estate environment, navigating the Manhattan comm Site statistics:Click here
Hiro Properties puts Big Apple building on the block 2007-12-20 16:35:03 In the go-go days of the 1980s, cash-flush Japanese investors were buying Big Apple
properties like there was no tomorrow. But by the early ’90s, a recession caused many of these Japanese investors to sell off their New York City holdings. Bucking the trend, Hiro North American Properties
was one of the few Japanese real [...] Read more:block
Hiro Properties puts Big Apple building on the block 2007-12-20 16:28:53 In the go-go days of the 1980s, cash-flush Japanese investors were buying Big Apple
properties like there was no tomorrow. But by the early ’90s, a recession caused many of these Japanese investors to sell off their New York City holdings. Bucking the trend, Hiro North American Properties
was one of the few Japanese real [...] Read more:block
From Rap to Real Estate 2007-12-20 16:23:43 Rap mogul JAY-Z looks set to become the next DONALD TRUMP, after buying up a huge plot of New York real estate with the intention of turning it into a hotel or art gallery. The hip-hop entrepreneur paid $66 million ($33 million) for a chunk of land in Manhattan’s upmarket Chelsea through his company, J [...] Read more:Real Estate
, Estate
Lipstick Building Activity 2007-12-12 15:28:54 Metropolitan Real Estate Investors L.L.C., a New York-based national investment company that purchased the LipstickBuilding
(pictured) in July, has signed an agreement to expand the building’s largest tenant, global law firm Latham & Watkins. The 607,000-sq.-ft. office property, recognizable by its oval shape, is located at 885 Third Ave. in Midtown Manhattan. Under the [...] Read more:Activity
Manhattan finally feels the property squeeze 2007-12-12 15:10:18 It has gripped almost the entire United States, from Des Moines, Iowa, to Daytona Beach, Florida, but only now is the slump in America’s residential property
market reaching the very top of the tree – Manhattan
. Finally, almost belatedly, the few square miles of upmarket central New York real estate is beginning to suffer the [...]
NYC Lipstick Building Expands Largest Tenant 2007-12-12 15:03:34 Metropolitan Real Estate Investors L.L.C., a New York-based national investment company that purchased the LipstickBuilding
(pictured) in July, has signed an agreement to expand the building’s largest tenant, global law firm Latham & Watkins. The 607,000-sq.-ft. office property, recognizable by its oval shape, is located at 885 Third Ave. in Midtown Manhattan. Under the [...] Read more:Tenant
, Largest
American Mortgage seeks options after losses 2007-12-12 14:52:58 American Mortgage
Acceptance Co (AMC.A: Quote, Profile, Research) said it was exploring strategic options after the real estate investment trust liquidated certain investments to meet margin calls, sending its stock down more than 40 percent in after-hours trading. American Mortgage said it sold its Fannie Mae and Ginnie Mae debt securities and may need to [...] Read more:American
A Cloudy Forecast for Commercial Market 2007-12-04 16:42:00 MANY commercial real estate players may be ready to turn the page on 2007, in light of the continuing credit crisis and weakening economy. But they may not see a major turnaround throughout most of the country during the new year, according to one year-end industry report.
“Uncertainty and challenges characterize 2008, with greater downside risk [...] Read more:Market
, Commercial
, Forecast
Tower Planned Atop Port Authority Bus Terminal 2007-12-04 16:17:14 Much of the money from the sale of the development rights would be used to refurbish the entire Port Authority
Bus Terminal, an aging and gloomy structure that stretches from 40th to 42nd Street between Eighth and Ninth Avenues. The terminal’s exterior would be given a major face-lift and 18 bus platforms would be added, [...] Read more:Tower
A Brick Facade Remains as a Signal for Change 2007-12-04 16:14:07 And then there was one. Or rather, the brick facade of one.
Looking like “Ye Old New-York” set on a Hollywood back lot, 211 Pearl Street is now all that survives of a triptych of 19th-century mercantile buildings that stood until recent years between Maiden Lane and Platt Street.This month, 213 Pearl Street was reduced to [...] Read more:Remains
, Brick
, Change
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