The Stoler Real Estate ReportAudio and Video

“…of up to 75%. Off retail prices developers -- residential condominiums in New York City. . Or attempting to offer incentives to aid in the cells with the full of Lehman Brothers and -- And the frantic drop in the stock market only if you units have gone under contract for sale developers are offering incentives which include price reductions of five to 15%. Seller financing payment of closing costs which include legal fees transfer taxes title insurance free storage space health clubs came in a maintenance thing -- charges for periods of the one and two years and payment of broker's fees probably the largest amount of incentives have. As well as in Long Island city industry leaders hope that the recent cuts in the Federal Reserve rate and other government programs will stimulate sales of residential condominiums. This is Michael Stoller for the Michael Stoller realist and report. …”

“…With the Big Three auto makers struggling to survive Mercedes-Benz USA is affirming its support to New York City with planned expansion. Last month Mercedes-Benz announced that it is planning to relocate its flagship deal. From 41 street and eleventh avenue at the entrance of -- Lincoln …”

“…served as a building for Verizon. And for a stable for the New York City police department. Other components of development include retail public space park and residential for an 900 residential units this is Michael Stoller for the Michael Stoller -- that report. …”

“…number of domestic and foreign financial institutions have affirmed their support of New York City condominium in residential rental marketplace are providing construction finance. -- number of new projects last month they can sorting the four banks joined together to -- 835. Million dollar construction on one of Manhattan's most expensive condominium development the financing was led by Bank of America -- bank Capital One in new York community bank providing for a two year construction loan. To Nextel development for its latest development. The Tory story 27 unit condominium tower located at 535 west end avenue at the corner of west 863. B complex transaction require the developer that close to 40% and equity for the project. Prices for condominium units in the tower started eight point 75 million dollars outta the current state of the market expect a limited number of …”

“…world are always interest didn't owning a piece of office buildings in New York City with the recession and economic crisis. -- sliding stock market and thousands of investors are taking the opportunity to own a piece in the Big Apple. -- publicly traded real estate investment trust. Two of the largest owners of office buildings in New York City are vornado realty -- and SL green which are traded on the New York Stock Exchange SL green is the owner and operator 66 retail properties across Manhattan Brooklyn west Chester Connecticut New Jersey. -- company owned thirty New York City office buildings totaling approximately 23 millions. Making its New York's largest office landlord. Vornado Realty Trust is one of the largest owners and managers of commercial real estate in the US with a portfolio -- over a hundred million square feet even with the values of office buildings dropping by at least 20%. These two companies. Represent ownership perhaps the best located property situated in New York City this is Michael Stoller for the Michael Stoller -- report. …”

“…market of the 236. Shopping streets and 48 countries according to the Cushman and Wakefield 43 annual main streets across the world report New York's Fifth Avenue is once again the world's most expensive shopping street where retailers can now expect the appearance of 1850. Miles per square foot per -- And increase of 23%. In 2007. An executive director at Cushman and Wakefield -- steelman said through midyear 20085. Avenue consolidated its position as the world's most expensive -- with prime -- about 1850. Per square foot. Ground level retail rents however broke the 2300 cost per square foot barrier would release of Abercrombie at 6665 avenue. Nevertheless the global credit crisis and the collapse of the financial system may result in -- coming then in 2009. This is Michael Stoller for the Michael Stoller realistic reports. …”

“…close on a transaction that -- would be able to achieve a rental rate which is at least 20% lower -- prior to Labor -- outlook for New York -- calls for a substantial decline in asking -- despite a moderate level of new development largely because it is the epicenter of the financial crisis that is -- the global economy. Rinse and class B office buildings and Broadway in the times where section -- drop by as much as 40% from earlier this year attendance seeking to 10000 square foot space on Broadway and west fiftieth has been offered ran for 31 dollars as compared to 51 dollars in January of 2008. With activity in virtually all segments in New York city's financial industries down significantly. Improved in in the pace of business will not likely happened during the second half of 2009 at the earliest this is Michael Stoller for the Michael Stoller -- report. …”

“…are sitting in the sidelines as opposed to investing in purchase of commercial real estate last week at the NYU capital markets conference the general consensus of a group of private equity investment firms with over a hundred billion dollars in funds available for investment. Noted that during the first ten months of 2008. Little or no investments were made to acquire real estate. These investors prefer investing corporate in distressed debt preferred equity and high yielding debt instruments the chairman and CEO of black rock -- Larry thinks that it is better to purchase corporate -- Verizon yielding 9% and opposed to take a risk in commercial real estate team managing director and head of acquisitions at ING clarion partners Jeffrey Barkley said the value of real estate comes from demand presently there is no demand. Without -- no one can -- consider the purchase of real estate with values of commercial real estate declining expect realistic investment funds to increase their allocation of funding for debt for the foreseeable future this is Michael Stoller for the Michael -- real estate reports. …”