The Stoler Real Estate ReportAudio and Video

“…People from around the world love to visit New York City to meet the demand more than 1800 hotel rooms were added to the inventory in 2008. Increasing the total number of -- to 76500. Industry leaders expect to welcome as many as 25 new hotels and -- president nine. And a Five Boroughs as well as Jersey city of Hoboken last month the 31 million dollar holiday -- bouncy Manhattan view opened its doors at 39 dash O five -- nicer. As a 136 classrooms and five suites and limited parking in March expect to see the opening of the 150 -- Tribeca current 85 west Broadway. . Seattle based -- hotels or open its first hotel in New York City and 1186 Broadway at the quarter according ministry hotel owners and industry leaders have their fingers crossed hoping that the new administration will stir up the economy and help revive the New York City marketplace this is Michael Stoller for the Michael -- real estate report. …”

“…interesting to note that a few bankers are showing their support of New York City and providing mortgage financing for multifamily residential building last month a bank provided a 94 million dollar four year fixed rate loan. Riverbank west. -- a bank west located at …”

“…aiding local real estate donors in -- providing attractive financing lenders include Capital One bank in new York community bank. Astoria federal flushing federal dime savings -- warnings were -- bank signature bank an internist national bank this is Michael Stoller for the …”

“…the Euro as well as the investment appetite of sovereign wealth funds foreign investors accounted for 39% of all major commercial sales transactions in New York City in 2008. According to recent survey of 200 association of foreign real estate investor members conducted October. Foreign real estate investors planned to spend up to 73%. More. On US property investments in 2009. And they didn't 2008. Report indicated that foreign investors plan to increasing global investment shows activity right 40%. Washington DC is the most preferred city for foreign investors followed by London -- second and New York City in third place investor's -- departments as they -- property type that was followed -- office industrial retail and hotel properties the …”

“…Home prices are dropping throughout the nation as well as in Nassau and Suffolk County according to the S&P case -- indices released last month. Home prices continue to drop in October. The indexes showed prices in the ten major metropolitan …”

“…sidelines waiting for prices to continue to drop further this is Michael Stoller for the Michael Stoller real -- report. …”

“…Office tenants seeking sublease space in New York have gained a true upper hand in negotiations for space into the slowdown in leasing in two. And especially during the fourth quarter earlier this week Cushman and Wakefield released its year -- 2008 report for the Manhattan commercial -- market showing new office leasing in the city tour -- nineteen point one million square feet. -- lowest level since eighteen point nine million square feet which recorded in 2001. Leasing activity for 2008 was down 19% from 23 point five million square for at least in 2007. The chief operating officer of the New York metro region of Cushman and Wakefield Joseph harper said. The majority of tenants in the market for office space have been employing a cautious wait and see attitude. -- available for sublease in Manhattan has climbed to eight point two million square feet up a 132%. From three point five million square feet available for sublease at the end of 2007. This is Michael Stoller for the Michael Stoller real estate report. …”

“…With the rising unemployment fall out of Wall Street no other industry tendency gaining the upper hand in the leasing a residential market rate apartments landlords are reducing asking -- providing incentives to attendance incentives include one to two months of free rent payment of brokerage fees free health clubs party room his breakfast and cocktail parties are now being more -- to -- tenants. For example a two bedroom two bath and a hundred UN plaza with these reviews. Previously rented for 6200 -- a month is now being offered for 4000 dollars a three bedroom two and a half bath on the forty ninth floor. . -- sixtieth street and Columbus previously rented for 7200 is now available for 5200. Of a thousand square feet luxury building -- 75 street and second avenue …”

“…expect a large number of vacancies in offices in Manhattan after a Stamford and Greenwich many hedge funds and investment companies. Who recommended investments -- mr. medoff would shrink their office space or -- business nonprofits have also announced the closing of their office as well as. A trend …”

“…would have the upper hand in negotiating office -- this is Michael Stoller for the Michael Stoller -- a state report. …”

“…Over the past two months New York City welcomed the opening of a few new hotels on Sunday December 21 -- a handful of rooms made available to visitors at the rates starting at a 195 also night. -- hundred a lot of standard hotel in the trendy meatpacking district the price for room includes complimentary continental breakfast. Complimentary Wi-Fi and local -- the eighteen story 337. Room hotel is located at 848 Washington street with a meatpacking district meets the Hudson river. And what's thirteenth street earlier this month all of the rooms to a far only open to the public at the -- The latest -- in the fashionable lower -- the eighteen -- hotel located -- a total 140 -- average -- rates are expected to -- 500 to 600000 -- in November of visitors had the opportunity -- at the new -- hotel in Chelsea section met with a limited number of travelers expected in the winter expect visitors to be able to -- great rates -- …”

“…cross for rent of thirty dollars per square for the executive director Richmond and Wakefield landmark -- Through the relocation and employment assistance program and other incentives further reduce the effect -- an additional fifteen to twenty dollars per square foot. If you -- in all of the other concessions and incentives by the landlord which include cash contributions. And courage of free rent -- net Brin might be as low as ten dollars per square foot. In the future expect more and more companies to evaluate the relocation to the outer boroughs this is Michael Stoller for the Michael Stoller -- a state report. …”