The Stoler Real Estate ReportAudio and Video

“…economic improvement risks increase for the real estate market this is Michael Stoller for the Michael Stoller real estate report. …”

“…very very cloudy according to the results of the urban land institute price Waterhouse Coopers thirtieth annual emerging trends in real estate report the studies. Commercial or residential real estate market is the worst period since 199192. …”

“…Investment sells for a commercial properties in New York region in the nation have been impacted by the credit crisis. According to a report issued by the New York capital markets group of Cushman and Wakefield 2008 sales volume through the third quarter stands at thirteen point eight billion closed as compared to the prior period last year …”

“…ending September 30 due to the current economy and recession expect few commercial properties to trade in the foreseeable future this is Michael Stoller for the Michael -- real estate report. …”

“…The price of land for residential and commercial develop and New York City is declining in a similar manner to the stock market with the exception that the price only continues to draw. For example or just listen to the experts on the view of land prices these senior director and principal at. Eastern consolidated Alan Miller said today the same land is sold in 2006 for 450 dollars a -- would be challenging to achieve a sales price …”

“…land prices to continue downward for the foreseeable future this is Michael Stoller for the Michael Stoller real estate report. …”

“…from a limited number of specialty lenders provide funding collateralized by unsold condominium units last month in the trendy up and coming Williamsburg section of -- A developer of a 64 unit condominium projects -- financing to pay office existing went over the past year and a half developer only sold 26 units in the building as the market for sales of condominium has basically dried up the developer hopes -- the remaining 38 units unfortunately the terms of the original financing. Prohibited the developer from leasing the units -- credit crisis none of the traditional commercial savings banks were interest in providing financing. To allow the developer to pay off the construction -- fortunately this developer and on the developers …”

“…properties thanking them hotel as owners of luxury plaza managed by the Fairmont hotels a resort. Secured financing by a syndicate of lenders led by HSBC bank refinancing was arranged for senior loan of approximately 200 million dollars and the mezzanine loan in the range of 45 million. 282 room hotel includes a 130 hotel rooms and and a 150 Condo hotel units last week Herschel hospitality secured financing. I'm a 120 -- suite boutique hotel the corner of east 48 street and Lexington avenue in the summer the owner of a 131 room -- hotel at 2076. Tree detained 77 point five million dollars in …”

“…majority of incentives are being -- in multifamily rental buildings in lower Manhattan and more around the city industry leaders expect landlords to continue offering incentives to prospective tenants or at least six months with the arrival of spring. This is Michael Stoller for the Michael Stoller -- a state report. …”

“…rental buildings are feeling the effects of the credit crisis according to Gary Mallon the president of city habitat. In the process of conversion to rental is offering great incentives for attendant then turned to …”

“…to be global credit crisis the dislocation of the foreign stock markets and the strengthening of the dollar has resulted in the reduction of the number of foreign investors purchasing residential apartments in New York City sales of apartments by foreign investors are down by at least 50% year to date any number of foreigners who purchased downtown are now -- As a result of the world financial crisis according to Melissa Cohn president of Manhattan mortgage banks of pulling back from lending to foreigners there used to be ten active. And that -- down to 45. During the past three years Irish investors were presented one of the largest groups who -- apartments in Manhattan next year Irish investors are expected to close on the purchase of apartments to condominiums which were purchased and boat by a group of investors with a global credit crisis expect foreign investors -- no longer be a major component of the purchases of residential condominiums in New York City this is Michael Stoller. The Michael Stoller realistic report. …”

“…of commercial property selling for prices on the 25 million dollars in New York City according to a partner one of the city's most of brokerage firms during the month of September totaled sixteen contracts were signed as compared to an average of sixty contracts per month during 2007. Says of land and development sites has basically come to a halt. -- lack of financing and the changes in the -- when he won a tax abatement for residential development. Industry leaders believe that prices for land have declined by as much as 35% from record highs of 2007. Financing for land site development has become nonexistent with lenders offering financing for less than 40% of the -- land under stringent terms and conditions which include four -- In addition to the reduction in the volume of sales prices for commercial properties have declined by at least ten to 15% from our allies expect volume of sales and price reductions continue for the foreseeable future this is Michael Stoller. . On the Michael Stoller a state report. …”

“…having an effect on the office leasing in Manhattan earlier this month Cushman and Wakefield released its third quarter report from Manhattan commercial real estate market. . Showing that the overall vacancy rate has had a two year high rising to seven point 4% the chief operating officer of Cushman and Wakefield is New York metro reach. Joseph Harvard says. The top of the market was reached. And now we're beginning to soften we're …”

“…for -- and more attractive rates -- free rent workload this leasehold improvements. This is Michael -- for the Michael -- report. …”