General Growth Properties missed another debt payment but avoided bankruptcy as bondholders continue to talk with the mall owner.
Entries from March 2009
General Growth Avoids Chapter 11
March 30th, 2009 · No Comments
Tags: Real Estate Information · Real Estate News
Banks Starting to Walk Away on Foreclosures
March 30th, 2009 · No Comments
Banks are quietly declining to take possession of properties at the end of the foreclosure process because the cost of the ordeal exceeds the value of the real estate.
Tags: Real Estate Information · Real Estate News
The Voice: Manhattan Dreaming
March 28th, 2009 · No Comments
Sarah Warner, a 30-year-old artist, talks about her quest for an affordable apartment, which brought her, surprisingly, to Manhattan.
Tags: Real Estate Information · Real Estate News
Ventures: Some REITs Have a Contrarian Flavor
March 28th, 2009 · No Comments
Agency real estate investment trusts have held up relatively well in the face of recession and a banking system in crisis.
Tags: Real Estate Information · Real Estate News
The Sell: Break Out the Eggshell White. Slash the Price.
March 28th, 2009 · No Comments
Kelly McCormick and Joshua Hirsch, in a Dumbo state of mind, decided to forsake the co-op for a rented loft. On their brokers’ advice, they staged the co-op and cut its price three times.Kelly McCormick and Joshua Hirsch, in a Dumbo state of mind, decided to forsake the co-op for a rented loft. On their brokers’ advice, they staged the co-op and cut its price three times.
Tags: Real Estate Information · Real Estate News
In the Region | Long Island: A Hidden Benefit of the Downturn
March 28th, 2009 · No Comments
Cliff Fetner, the owner of Jaco Builders in Hauppauge, says he has had no trouble finding contractors to work on a 5,300-square-foot home that his company is building in Sands Point.People on Long Island are finding that contractors and other workers are lining up to get jobs and are willing to negotiate on deadlines and prices.
Tags: Real Estate Information · Real Estate News
The Hunt: A Search for Stability
March 28th, 2009 · No Comments
Matt Singer and his girlfriend, Alyssa Gerber, wanted a place where they could make improvements without spending much in Williamsburg, Brooklyn.
Tags: Real Estate Information · Real Estate News
Big Deal: A Tudor City Empire
March 28th, 2009 · No Comments
A dream of merging several apartments in a co-op on Tudor City Place is upended.
Tags: Real Estate Information · Real Estate News
Big Deal: Not Just a Bad Dream
March 28th, 2009 · No Comments
The incredible shrinking real estate market has arrived in Manhattan, and now that the first quarter is over, not even the most ebullient broker will be able to dispute it.
Tags: Real Estate Information · Real Estate News
Habitats | Riverside Drive: Life Unfolds a Murphy Bed
March 28th, 2009 · No Comments
Monica Wagner’s new home is a fourth-floor walk-up in an old brownstone. “As soon as I saw this beautiful studio with polished floors, a wood-burning fireplace and a view of the river, I thought, I will be O.K.,” she said.Monica Wagner found her prized $1,716.97 a month rent-stabilized studio apartment on Riverside Drive after moving back to New York, where she hadn’t lived since law school in 1981.