Current Real Estate News! – Peter A Harris

Peter A. Harris - Bronxville Properties

Real Estate Counselor Specializing in Coops & Fine Homes

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The Bonus Bounce	2/5/2010 3:19 PM
Some bankers are using their bonuses for “smart, sound real estate purchases.”
New York Plans to Topple Public Housing Towers	2/8/2010 4:43 PM
For the first time in its 75-year history, the New York City Housing Authority wants to knock down an entire high-rise complex.
Living In \| Belmont, the Bronx: The Bigger Little Italy	2/6/2010 2:27 AM
Belmont is known as the Little Italy of the Bronx, but it also has sizable communities of Puerto Ricans and Albanian immigrants.
Habitats: The House of Open Arms	2/5/2010 2:35 PM
Filipp and Raya Katz live in a red brick house in Bath Beach, Brooklyn, that Ms. Katz refers to as “my little palace.”
In City Real Estate, Old Clans Are Shrewd Again	2/8/2010 11:10 PM
Some families with deep roots in Manhattan kept their heads a few years ago when the market for skyscrapers and other big projects overheated.
Tax Gain and 37% More Orders Help Beazer Homes Post Profit	2/6/2010 12:53 AM
The home builder said that it earned $48 million in the first quarter, helped by a $101 million tax gain, and that orders for new homes rose 37 percent compared with a year ago.
2 Bronx Communities Are Accused of Preventing Blacks From Buying Homes	2/6/2010 1:40 AM
A lawsuit says that “test couples,” one black and one white, were treated much differently when they asked about purchasing homes in the area.
Postings: A Holiday Gift That Keeps on Giving	2/5/2010 3:07 PM
The Christmas tree from Rockefeller Center will help frame one of eight row houses being built in western Stamford, Conn., by an affiliate of Habitat for Humanity International.
Square Feet \| The 30-Minute Interview: Cory Gubner	2/6/2010 9:20 PM
Mr. Gubner is the president and chief executive of RHYS Commercial, a full-service commercial real estate company based in Stamford, Conn.
Big Deal: One Costly Condo	2/6/2010 1:59 AM
A Brooklyn Heights triplex with sweeping Manhattan and harbor views has just taken the prize for Brooklyn’s priciest condo, with an $8.495 million sale price.

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[Three Cents Worth #139] Manhattan Inventory Changes Are Wildly Consistent	2/5/2010 2:46 PM
It’s time to share my Three Cents Worth on Curbed, at the intersection of neighborhood and real estate. Three Cents Worth: Manhattan Inventory Changes Are Wildly Consistent After releasing that Manhattan phonebook yesterday I was still in 10-year trend mode, so I was curious how consistent inventory was in 2009 given the limited activity in [...]
[10 Stories] 2000-2009 Manhattan Townhouse Report Available For Download	2/4/2010 6:50 AM
[click to open report] The 2000-2009 Manhattan Townhouse Report that I author for Prudential Douglas Elliman was released today. Dottie Herman, the President/CEO of Prudential Douglas Elliman is pushing hard to make information more accessible to the public. Approximately 2,500 Manhattan residential townhouse transactions were analyzed over this ten year period. 1, [...]
[The PhoneBook] 2000-2009 Manhattan Market Report Available For Download	2/4/2010 6:40 AM
[click to open report] The 2000-2009 Manhattan Market Report that I author for Prudential Douglas Elliman was released today. (I have been light on posts and podcasts in January – releasing 9 market reports in a month may have something to do with it.) I have always referred to this report “The Phonebook” [...]
[Furman Center] Peeling Back The Lis Pendens	2/2/2010 10:47 PM
The Furman Center for Real Estate and Urban Policy at New York University released a fascinating report on New York foreclosures called: Foreclosed Properties in NYC: A Look at the Last 15 Years. Here’s a key characteristic of foreclosures in New York state: 54% of properties that received an LP in 2007 had not, by [...]
[Taxing Patience] Rowayton Cowboy Evicted	2/2/2010 10:19 PM
[click to open story] Scott Merrell, also known as the Rowayton Cowboy, was arrested Tuesday as he protested his eviction from his home. The city seized the multimillion-dollar home at Wilson Point after Merrell did not pay more than $110,000 in property taxes. The home was sold at auction more [...]

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GlobeSt. Topics - New York City
Ex-Merrill CEO Takes Reins at CIT	1/1/0001 12:00 AM
NEW YORK CITY-John Thain becomes chairman and CEO at the lender, which emerged from a pre-packaged bankruptcy in December 2009.
Nonprofit Consolidates Space in Harlem	1/1/0001 12:00 AM
NEW YORK CITY-Veritas Therapeutic Community has signed a deal for 12,285 square feet at 55 W. 125th St., where its neighbors will include former president Clinton.
Lenders Association Sweetens Pot for Members	1/1/0001 12:00 AM
NEW YORK CITY- Vornado's Fascitelli will address RELA in person and in a future podcast, part of the lenders' group's increasing value-add for members
Global Outlook Brightens a Bit	1/1/0001 12:00 AM
NEW YORK CITY-Regional economies are getting back into growth mode, but the pace and strength of the recovery isn’t clear yet, Cushman & Wakefield says.
JV Sues SL Green Over 485 Lex Deal	1/1/0001 12:00 AM
NEW YORK CITY-The suit says the REIT derailed the deal after deciding it no longer needed the cash; a spokesman refutes the charges.
Cuomo Brings Suit Over BofA-Merrill Merger	1/1/0001 12:00 AM
NEW YORK CITY-The attorney general’s complaint alleges that the bank misled shareholders and regulators over losses at Merrill; a BofA spokesman calls the suit ‘without merit.’
Broadway Rebranding Culminates Sheraton Overhaul	1/1/0001 12:00 AM
NEW YORK CITY-Hotel owner Starwood has other plans for the 665-room Sheraton Manhattan, including a new flag.
Stuy-Town Rents Roll Back Until June	1/1/0001 12:00 AM
NEW YORK CITY-The complex’s current ownership and attorneys for a group of tenants have extended an interim agreement to adjust market-rate rents.
Starwood Slates Revamp for Sheraton Manhattan	1/1/0001 12:00 AM
NEW YORK CITY-The 665-key property will continue to operate while undergoing renovations, but the Sheraton flag will be taken down in April
Court Upholds City’s Billboard Ban	1/1/0001 12:00 AM
NEW YORK CITY-Upholding a lower court’s ruling, a federal court said the city’s limits on outdoor advertising don’t run afoul of the First Amendment.

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