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September 2009 Blog Posts (31)

When Will Buyers and Sellers Get Together?

Recently, I have been searching for an automobile to replace my current 1990 Volvo Station Wagon. When I speak to people about this search I often hear about how “this is a great time to buy a car”, the economy is terrible and buyer power is at an all time high. Operating under this assumption, I made multiple visits to various auto dealers, assuming each time a great deal awaited me. But to my surprise and utter frustration, the fabled deals did not exist. Instead I encountered four letters… Continue

Added by James Brennan on September 30, 2009 at 3:22pm — No Comments

Can You Still Campaign on Affordable Housing in Brooklyn?

Deutsche Bank Home Values Projections in NYC

Deutsche Bank holds a unique distinction in the Mortgage Loan Servicing business that few can claim; They foreclose on homeowners with speed and… Continue

Added by Michael Corley on September 28, 2009 at 4:16pm — No Comments

How 39 Herkimer Street was Stolen from its Rightful Owner

39 Herkimer Street

Today, the national dialogue is centered on health care reform. It seems that as we get older, our health becomes a prominent topic of discussion.

Speak to anyone battling a debilitating medical condition and they'll share their experience with you in… Continue

Added by Michael Corley on September 24, 2009 at 2:33pm — No Comments

Green Pearl Distressed Real Estate Summit Enormous Success

GreenPearl held it's Disressed Real Estate Summit yesterday. The event was a huge success as over 700 guests attended the event. Notable speakers and panels filled the day's event from 8AM to 6PM.

Economist Robert Shiller was featured for an up-close interview with Ryan Slack, CEO of…


Added by Marc Becker on September 24, 2009 at 10:11am — No Comments

Appraisal Institute Evaluates Real Estate Market

Tony Malkin, Malkin Holdings; David Greenbaum, Vornado; Matthew Mondale, Cushman & Wakefield;

Francis Greenberger, time Equities;Steven Witkoff, Witkoff Grpup; Jeff Sutton, Wharton Realty; Steven Spino;a, REBNY; John Katinos, Cushman & Wakefield

The appraisal institute didn't pull any puches when they put together this panel with Steven Spinola moderating. Spinola asked the tough questions and the answers came back. We're still… Continue

Added by Marc Becker on September 24, 2009 at 10:00am — No Comments

CCIM-Gathers At The Heartland

Hillman Lam; Michael Sisler, Manager Global Accounts, ASI; Marianna Vayner, Attorney, Paul Fetscher, President, CCIM; Henry Kirk.Commerc ial Real Estate Agent, Gillooly Associates; Edward Gottlieb, Pacific Properties, Inc.; Howard Abrams, Universal Mortgage

For CCIM students The Heartland Brewery was a good place to relax after a long day of studying……


Added by Marc Becker on September 24, 2009 at 10:00am — No Comments

NYC Properties (Value Apartment Bldgs for Sale) sep-2009

Here is our recent list of 10+ potential buildings. The prices are negotiable. Please review and contact Denise Dickerson or myself to submit your bids.

Summary of Properties

(see the attached files for property details, asking prices etc)


1. 2239-2241 Creston Avenue, Bronx, NY- 5 story walk up building with 54 apartments and one store

2. 2608 Creston Avenue, Bronx, NY- 6 story elevator building with 54 units including… Continue

Added by Victor Lloyd Smith on September 23, 2009 at 7:42pm — No Comments

Commercial Real Estate Loans, A Refinancing Time Bomb?

Like it or not, we could be locked in between two forces heading towards each other at breakneck speed, our fates depending on which one reaches us first. In one corner we have the economy, a once seemingly unassailable force of nature, now hobbled by recession and slowly trying to recover. In the other corner there looms billions of dollars worth of commercial real estate loans, quietly waiting as the seconds tick off towards their maturity date. We… Continue

Added by James Brennan on September 23, 2009 at 3:27pm — No Comments

NYCREW's Panel- The Distressed Real Estate Market

Speaker: Shari Linnick, MetLife; Midge Brogan, Park Praedium; Taylor Terkel, Eastdil Secured LLC, Elizabeth Muscat, NYCREW President; Moderator: Barbara Champoux, Crowell & Moring and Renee Lewis, Hudson Realty Capital

Panelists at NYCREW’s Distressed Panel agreed it’s still a long climb back to the top-but that government programs are working to breathe life back into the CMBS market.…


Added by Marc Becker on September 22, 2009 at 10:00am — No Comments

NRC-Lois Weiss

Lois Weiss, NY Post journalist spoke to NRC members on the state of the market in NYC.

Tom Graf, Presdient of NRC

Jerrold Fuchs, NRC Governor

Jeffrey Mitzner; Lois Weiss; Alan Miller; Tom Graf


Added by Marc Becker on September 22, 2009 at 10:00am — No Comments

Develop or Protect? Clinton Hill Struggles with Perception

Lefferts Place in Clinton Hill, Brooklyn

Reading my contributions to one would conclude that I'm against real estate development. A fair assumption in light of my posts on… Continue

Added by Michael Corley on September 21, 2009 at 10:30am — No Comments

The W Hoboken Hotel & Residences Spotlight

The highly anticipated W feature Hotel & Residences opened this past spring, transforming the Hoboken skyline & condominium market. Developed by the Applied Development Company & W Hotels Worldwide, the W Hoboken Hotel features 225 guest rooms and 40 condo residences.

The hotel brought two new features to Hoboken, a hotel for visitors to stay in and the very first condo-hotel in the Hoboken area. This type of condo-hotel property is… Continue

Added by Walter Burns on September 20, 2009 at 11:31am — No Comments

Bisnow-Connect The Dots

Bisnow's State of The Market Panel was held at the New York Bar Association. A fitting place with lot's of character and history to be host to speaker Andrew Malkin whose real estate family is itself part of the history of New York City's Real Estate- now in it's fourth generation. Malkin told tales of his grandfather who partnered with Harry Helmsley and one of the more notable deals which included a master lease on…

Added by Marc Becker on September 18, 2009 at 11:08pm — No Comments

ABO Welcomes Hon. Dean Skelos State Senate Minority Leader

Arnold Sollar, Delta Management; Mary Ann Rothman,CNYC; Elaine Sollar Eisen,Delta; Nicholas LaPorte; Jerome Belson,ABO; Michael Kerr, M&R Management; Dan Nelson, Nelson Cos; Brittiny Sessions,Ackerman Senterfitt; and Sherry Frankel, Caran Properties

In the season opening for ABO, almost a century old organization, Hon. Dean Skelos Minority Leader of New York State senate was the featured speaker. Skelos gave…

Added by Marc Becker on September 18, 2009 at 2:00pm — No Comments

ACE Mentor Program-Alice Tully Hall Tour

The ACE Mentor Program Of Greater New York held it's annual fundraising event at the newly remodeled Alice Tully Hall at Lincoln Center. It was a wonderful opportunity to experience the achievements of the best in the disciplines of Architecture, Engineering and Construction giving members insight into what is possible through the generous donations made to support ACE programs.…


Added by Marc Becker on September 18, 2009 at 11:00am — No Comments

Bnai Birth - Seth Pinsky - NYC Update

Seth Pinsky, President, NYCEDC

Seth Pinsky invited speaker to Bnai Brith gave members an update on development plans in the Big Apple. What's happening is actually quite a bit. Pinsky outlined the Mayor's Five Borough Opportunity Plan. The Three bullet points-Create Jobs, Invest In Infrastructure-Affordable Housing.

In Manhattan a new science and research center dubbed the East River Science…

Added by Marc Becker on September 16, 2009 at 11:11pm — No Comments

Real Estate and The Single Women-Saks Fifth Ave

Sherri Langburt, President and Founder of

In the opinion of Sherri Langburt President & Founder of Single “so many companies don’t focus on this demographic that it needs to be given attention.” To make up for that she has launched a series of events designed to help single women to face the challenges of the big apple.

The first of this series focused on information…

Added by Marc Becker on September 16, 2009 at 3:00pm — No Comments

YMYWREA Luncheon with Marc Holliday-CEO SL/Green

Marc Holliday, CEO of SL/Green

Marc Holliday, CEO of SL/Green addressed the members and guests of YMYWREA. The title might have been-“How to survive an economic meltdown-A CEO’s Perspective” In these times when nearly everyone else is talking about post-apocalyptic doom-Green was essentially optimistic.

Well why shouldn’t he be - Holliday has led SL/Green to be the largest owner of commercial… Continue

Added by Marc Becker on September 16, 2009 at 9:00am — No Comments

Brazil 2009 Real Estate Conference

When we hear about development in Brazil-the first thing we usually think is that the rain forest is being destroyed. That’s unfortunate because the investment opportunities in Brazil are growing as the economy stabilizes and the government is supporting real estate development.

Caixa a state owned Public Bank and the largest financial institution devoted to developing housing and building infrastructure…

Added by Marc Becker on September 15, 2009 at 11:12pm — No Comments

Foreclosure and REO Season Has Re-Opened in California: Los Angeles, San Diego, Orange County, Riverside, San Bernardino

Foreclosure and REO Season Has Re-Opened Here in California

The California Foreclosure Prevention Act, which established a 90-day moratorium on foreclosure that went into effect June 15, ends today. What does this mean for property values and the coming sales activity? Will there be a flood of new properties that come to market? What have lenders learned?

Opinions vary. But, those on the ground are expressing some concern, especially because properties need to be marked to the… Continue

Added by Michael Duhs on September 15, 2009 at 6:41pm — No Comments

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