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An Owner of Towers Walks a Tightrope
Joseph Moinian, one of country’s largest commercial real estate magnates, has several loans coming due.
Square Feet
More Manhattan Shop Windows Are Expected to Be Empty This Year
The downturn in the economy is a boon for retail tenants, who may be able to negotiate lower rents.
Harold A. Ellis Dies at 77; Started Realty Chain
Mr. Ellis was a founder of the international real estate company Grubb & Ellis and a leader in the consolidation of small neighborhood brokerage companies into major national chains.
Dispute Stalls an Ambitious Upper West Side Conversion
The Apthorp, one of New York’s grandest apartment buildings, stands as a cautionary tale in messy condo conversions.
Blueprints
Blue Marks the Spot for a Law Firm
The reception area for a law firm is dominated by a startling electric blue LED panel on the front of the desk.
Westchester
A Yonkers Project Under Threat
The weak economy now seems in danger of sidelining a proposal viewed as critical to improved social conditions in Yonkers.
As Vacant Office Space Grows, So Does Lenders’ Crisis
Rising vacancy rates across the country could make it hard for building owners to pay their mortgages.
Ventures
Office Demand Is Down, and So Are the Deals
The credit crisis and recession crushed deal making in office buildings in 2008.
Square Feet
A Renter’s Market for Manhattan Offices
After the financial markets collapsed, companies that were looking for space found accommodating deals.
Spotlight
A Wish List for Commercial Real Estate
Getting investment flowing again is the most immediate concern, industry executives say, and they have a number of suggestions.
Island Retreats for Everyone
Several new developments are selling villas adjacent to high-end hotels. Owners can have their island retreat but without the cost of keeping it habitable.
Deconversions Suffer but Don’t Stop in London
The recent global financial crisis is likely to weed out some renovators in London, but experts say overhauls, known as “deconversions,” probably would not come to a complete halt.
Westchester
A Rebirth Stalls Halfway Through
White Plains, which like many other midsize cities is anxiously trying to balance its budget in the face of declining revenues, now has to worry about the success of several developments.
Posting
A Bonus in the Basement
Chelsea Gardens is turning about 5,000 square feet of unfinished basement space into apartments.
Checking In
Paradise, Jolted by the Financial Crisis
After the demise of Lehman Brothers, construction was halted at a Ritz-Carlton resort in the Turks and Caicos, leaving the developers with a host of problems.
DealBook
Boston Steps In as Foreclosures Pound Neighborhood
In the hardscrabble Dorchester neighborhood, Boston has begun to buy foreclosed homes in an effort to redevelop them and stanch the area’s decline.
Posting
A Cleaner Way to Keep the City Running
A new building with affordable rents in the Bronx will be powered partly by 10 wind turbines, which should cut its utility bills for common areas in half.
Big Deal
The Fourth Quarter Puzzle
Though brokers and analysts say that prices on contracts signed in the last few months have fallen sharply, the decline has not yet worked its way into the official records.
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