The Stoler Real Estate ReportAudio and Video

“…state -- office rental market in Manhattan the president of Newmark Knight frank Jim Kuhn says it's only to be a long time before we once again -- hundred dollar rents per square for for office specs. He added -- at 20032004. Price levels for office space landlords are not willing to accept pricing for rates according to report issued by JPMorgan North American equity research least -- sidebar for -- federal realty trust one of the largest owners of office space we're short -- normal the first quarter with an average term of only five point six years as compared to eight point six years for the fourth quarter 2008 and nine point one years the full year of 2008. Office tenants can now -- fifty -- per square -- for office space on park -- One thing assert its going to be a tough year ahead for the New York City office market the underdogs tenants are in the drive deceit. Nevertheless remember New York City has rebounded in the past and will rebound again this is Michael -- for the Mike coastal real -- report. …”

“…The global economic downturn is having a major impact on commercial real estate. . According to a report issued by CB Richard Ellis notes that following the sharp contraction of worldwide economic activity in the fourth quarter 2008. The commercial real estate market turned -- negative performance for the first quarter 2009. In Europe the Middle East and Africa total investment transactions volume fell sharply 44% decline for the total in the fourth quarter of 2008. Capital values continue to fall throughout the quarter especially in most European cities in the Americas. Due to declining demand the US office vacancy rate increase in the first quarter for 4557. Markets experienced rising vacancy. In New York City vacancy rose significantly during the first quarter of 2009. The first quarter continued reduction in global investment entity with a total of only 47 billion dollars versus 293. Billion the first quarter of 2007. This is Michael sellers and Michael solar real estate report. …”

“…apartment buildings is the availability to secure mortgage financing. Lenders which include Bank of America Citibank and JPMorgan Chase prefer not to provide financing for this asset class. To meet the demand any number of banks which include new York community bank M&T bank Capital One bank. Herald national bank dime the Williamsburg and -- are actively providing mortgage financing for terms of up to five years for experience owners of residential properties. In addition to commercial and savings banks financing is also available through government service entities Fannie Mae and Freddie Mac according to Jeffrey Rosen -- first metropolitan properties these agencies are offering attractive brace for multifamily apartment with steady cash flow and strong ownership. Borrowers can receive financing and interest rates well below 6%. Certain known as financing through these government service entities provide an excellent opportunity to refinance as historical low interest rates that might not return for several years this is Michael Stoller the Michael solar -- report. …”

“…earning between 28436. To 46080. Dollars and 890 prospect avenue in the Bronx. . Qualified ten entrants will range from 782 and 943. Dollars a month. Qualified applicants are required to meeting them and family size guidelines and additional selection criteria to qualify. For information visit the website in the New York City department of housing preservation and the New York City housing go incorporation mrs. Michael stolen from -- micro -- that report. …”

“…Through the efforts of a public and private partnership through governmental agency imparted developers New Yorkers now have the opportunity to rent apartments -- savings throughout the -- in men -- a 120 households …”

“…On Monday the board of governors of the Federal Reserve released an update of the senior loan offices survey of bank lending practices. Report noted that 66% of domestic banks reported tightening commercial real estate lending standards in the first calendar quarter credits then this from commercial real estate loans have now tight -- Cyclical low in transaction marked. As well as a drop often demand for construction financing he -- …”

“…the New York hospitality industry even with fewer -- Trevor is visiting Manhattan hotel occupancy levels reach eighty and 90% in April. And rumor it's significantly lower than a year ago hotels and now or offering special rates for the summer. Initiate glory side rooms are being offered at the brand new Thompson oh yes and hotel and repentance for. For as -- as a 150 dollars and -- Offering guests an opportunity to spend time in the most elegant hotels and early bird rates after a hundred million dollar renovation the 189 room Pierre hotel in Central Park opened on June for. Will be offering an early bird rate of 608 dollars per night per standard room -- group presents H 45% reduction in price which was advertised last month on the web. It's 45 -- 77 street and Madison avenue. . Is offering a special promotional rate for 25 and I. This is Michael Stallworth and in my crystal -- the report. …”

“…are dropping in major cities which include Los Angeles Chicago Houston and New York City. . Have been cut by 39. The average price cut is fourteen to -- with 395894. Dollars bringing the average price for a home for sale. To two point one million dollars he Standard and Poor's. . Case Shiller Index reported that the average price of twenty metro areas are down 29% from their peak in 2006. Over the same period prices in new York city of only four and 16%. Compared to 43%. In Miami. Peter Flynn said the financial crisis has hit New York City real estate market we recycle an extremely hard. Has been dramatic increase in the number of price reductions over the past six months -- reports at the highest reduction in New York City is on the upper west side where price cuts -- dropped by 35%. Followed by the upper east side with 34%. Have …”

“…2008. Economist Kenneth Rosen said the luxury vacation more. Such as the Hamptons will suffer as the recession. 20%. He added any place hit by financial crisis will have a substantial decline industry leaders hope that the recent rise in the stock market. . Coupled with a mortgage rates as historical low interest rates we increase the sales volume this is Michael Stoller for the Michael -- real -- report. …”

“…Home sales and prices for homes in the fabled Hamptons of plunging according to the -- research services the real estate market on the east end of Long Island. . Decline in median -- unit sales and dollar sales for the first quarter of 2009. Versus the first quarter of 2008. The …”

“…The Federal Reserve survey of economic conditions for the twelve regional banks indicate that in general the recession deepened further through early part of the New York region the report noted that the residential rental housing market continued to weaken in the first quarter of 2009. For the month of march asking -- in Manhattan were estimated to be down just five to 6% from a year earlier for the quarter incentives to retain and sign new …”

“…of unsold condominiums ocean now being offered for rent them especially in Brooklyn and queens. This is Michael Stoller for the Michael solar -- that report. …”

“…An enormous amount of sublease space is available to prospective tenants in Manhattan. . According to collier's ABR more than seven point eight million square feet of sublease space is available in class -- office buildings in midtown. About ten million of which is available for sublease prospective tenants now have the upper hand in negotiating leases to sublease space for example an educational company moving out of 5215. Avenue is moving to 60000 square feet near Grand Central station. For seven year term 35 -- per square foot. The space is totally renovated requires no improvements. Sublease space some park -- can be secured for -- is rose fifty dollars per square -- significant -- the sublease space will be available in Norman had conference's lowest thirty yards per square -- even with prices as hysterical rose only a …”