Mark Walsh, the executive who loaded Lehman with toxic property investments, is part of a group that will take over the bankrupt firm's real-estate private-equity arm.

The billions in first-mortgage debt that helped finance Lichtenstein's buyout of the Extended Stay Hotels chain included a so-called bad-boy provision to discourage a bankruptcy filing.

Barnes & Noble is scaling back its real-estate ambitions for the rest of the year, posing another problem for the revenue-starved book industry.

Federal regulators repeatedly expressed concern with Downey Financial's risk management and high concentration of risky mortgage loans before the bank's failure.

nowNew York City has always been a town of renters. But in the last few years, it was easy to forget that fact, with condo towers selling out in a matter of days and the average price of a Manhattan

Brokers flee sales firms for rental companiesThe trend of sales brokers picking up rentals to buffer themselves from the down economy has advanced to the next level. More and more brokers are now fully abandoning sales firms for companies that

Citi Habitats shutters two Manhattan offices Citi Habitats said goodbye to two of its Manhattan offices last month. The firm shut its Financial District branch at 100 John Street and its office at 346 West 57th Street. Speaking about the

ManhattanMurray Hill $380,000 210 East 36th Street Studio, 500 sf co-op in an elevator building; doorman, concierge; unit has renovated kitchen, granite counter-tops; maintenance $564; last listing price $410,000; one month on the market. (Broker: Mitchell Cashwell, Citi Habitats) Murray

The seemingly irreversible slide in Manhattan rents continued into January, according to a released today by Citi Habitats. Rents flopped almost across the board from December, with the exception of two-bedroom apartments, which saw an insignificant $4 increase on average.

Though the New Year ushered in more grim news for the residential real estate market, a few positive signs appeared as brokers reported a slight uptick in sales activity and saw more action in rental transactions. Still, at the beginning

For the first time in recent memory, brokers say, many Manhattan rentals are now cheaper than comparable apartments in desirable outer-borough neighborhoods. The reason? Rents are dropping faster in Manhattan than they are in the outer boroughs and landlords in

Brokers famously sell the mantra of location, location, location. But when it comes to their own offices, that refrain may be changing. During the boom times, real estate companies large and small rushed to open glittering storefront offices, like Halstead

Manhattan apartment rents fell as much as 5.9 percent in March from a year earlier as rising unemployment dampened demand, Citi Habitats Inc. said.

As Manhattan's real estate market slogs through the economic downturn, brokers continue to report a slight uptick in activity from the doldrums of October, November and December. But while enterprising brokers are ushering some deals into contract, it's clear that

Rental updateMidtown West Silver Towers 600 West 42nd Street Leasing began early last month. The Silverstein Properties-developed, 1.2 million-square-foot complex includes a public park, an indoor pool, parking and more than 20,000 square feet of retail space. The 1,042 studio

12 commentsjason10006 about 1 hour ago They dont mention year over year declines at all. But I did the math. (more ...)

With its well-maintained prewar buildings and tree-lined streets, Gramercy, the micro-neighborhood surrounding exclusive Gramercy Park, has long been a desirable residential enclave. But as with most Manhattan neighborhoods in recent months, sales have been few and far between. This month,

May 28, 2009

June 09, 2009 Manhattan's vacancy rate and rents in several neighborhoods fell slightly in May, according to a monthly rental market analysis from Citi Habitats released today (see below for full report). The overall vacancy rate in Manhattan fell to