The Stoler Real Estate ReportAudio and Video

“…is having an effect on retail marketplace matrix in the US and New York City according to costar for the first time since 2000 national retail market recorded negative absorption. Court in the same quarter in 2008. The average total retail vacancy the US reached seven point 2% at the close of a quarter which is the highest level vacancy costar has. Since the started tracking data in 2009. New York City has the lowest total vacancy at the close of the first quarter at two point 4%. New York City lost recorders slight decrease its average retail vacancy during the first quarter as a decline in ever trees by four point 1% the availability on Fifth Avenue from 42 street to forty -- Increased by six point 18% from the end of 2008. The largest quarter to quarter percentage …”

“…square for compared to. 842 las -- sorry. 2008. Report released by Cushman and Wakefield says I remedy for transactions ten million and higher total one point one billion. As compared to nineteen point two billion cells -- clothes and all of 2008. According to -- the top two transactions included the -- of the office condominium at 1540 Broadway and the cell respect of the New York Times office condominium on eighth avenue and this is Michael -- for Michael Stoller …”

“…Rents for offices apartments retail have declined in New York City therefore. No one is surprised to hear that the selling price for New York City office movies are dropped by 50% in the first quarter of 2009. At the 442. Dollars per square for. He lowest level …”

“…Costco Wholesale and BJ's warehouse club are seizing the opportunity to open new stores in New York City and Westchester over the next few months at least two -- warehouse clubs will open in locations which previously served as Home Depot stores last month -- realty trust and its partner PA associates announced that it entered into -- lease agreement with BJ's further redevelopment …”

“…Costco is expected to. In flushing expect to see a number of warehouse clubs to open over the next two years this is Michael Stoller from -- Michael Stoller -- report. …”

“…hotel developer -- group sold the recently completed 33 Storey 244. -- Fairfield in New York -- times -- property located at 330 west fortieth street between eighth and ninth avenue the property was purchased by -- development for 99 point five million or 40700787. A room even in these difficult times of financing. Budget and economy protests continued to beat a favored asset class by investors this is Michael Stoller for the Michael solar realistic report. …”

“…recession has not deferred invest. From purchasing three recently completed protest in Manhattan in March the newly opened. Those who garden inn located at 63 west 33 street -- the 209 the crew hotel located …”

“…fuel to purchases the record low mortgage rates this week the average interest rate on a thirty year fixed rate mortgage a record low rate averaged four point 78% the lowest percentage point since 1971. Down …”

“…trying to decline further during the balance of 2009. According to the New York City income property report for the second half of the year prepared by -- Cicero for messing -- realty services the number of -- drop by 45% from the second half of 2007. And the second half of 2008. Industry leaders believe that the prices in the metropolitan area for commercial property declined by more than 25% over the past six months. This is Michael -- for the Michael Stoller realist and report. …”

“…of sales have dropped significantly over the past six months according to Moody's real commercial property price indexes US commercial real estate prices tumbled by five point five or. In January the largest decline in the history of …”

“…Two leading financial institutions have announced plans to Alford Jumbo mortgage products Bank of America plans to offer Jumbo mortgages ranging from 730000. To one point five million dollars with after thirty year term at a rate of approximately 6%. A bar -- will be required to maintain reserves of six months of principal interest real estate taxes and insurance in addition to qualify. An applicant will be required to provide detailed income documentation full praise over the property and have a high credit scores Amsterdam based ING group. . Is offering Jumbo mortgages for amounts of up to two million dollars through its online -- ING direct ING requires a minimum down payment of at least 30% and 45% of its for a condominium on the -- of the mortgages six for five years or seven years the starting rates for mortgages are approximately 5%. Industry leaders hope that the other banks followed the lead to these financial institutions offering Jumbo residential mortgages which may aid to -- residential sales this is Michael -- for the Michael -- realistic report. …”

“…Last week in New York City representatives from MetLife stated that the company does not expect commercial mortgages to increase as a percentage of the total portfolio over the next year or so the company intends to be extremely selective in making new real estate investments as liquidity is precious interest rates -- that had become attractive are relative basis and real estate values have likely further to fall investment in all property ties …”

“…will be limited and highly selective with their emphasis on residential rental multifamily properties in major commercial business districts this is Michael -- and Michael -- realistic reports. …”

“…the owners a joint venture of the related companies borne out a realty trust have decided to close the stores and -- locations and significantly higher rent according to the trade vornado has signed -- 400000 square feet in the former times -- okay. Took forever 21 who'll be paying twenty million dollars compared to the president Renton five point four million paid by -- urgent announced it will be closing at San Francisco store and we'll -- the remaining three locations in Hollywood and -- Olindo before so. Today the only remaining media mega store is the JR music located in lower Manhattan with an outpost of Macy's on 34 street this is Michael Stoller -- Michael -- us that report. …”