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OUR ARCHIVES : March 2009

Normandy Real Estate Partners and Five Mile Capital Partners … - FOXBusiness

Normandy Real Estate Partners and Five Mile Capital Partners
FOXBusiness
Normandy Real Estate Partners is a vertically-integrated real estate private equity fund manager with its headquarters based in Morristown, NJ with offices in Boston, New York City, and Washington DC Normandy currently manages a series of discretionary
WSJ: Commerical Property Faces Crisis Forex Hound
all 13 news articles

New York Mortgage Trust Announces David R. Bock's Retirement from … - FOXBusiness

New York Mortgage Trust Announces David R. Bock's Retirement from
FOXBusiness
Mr. Bock added, "The last three years have been exceptionally challenging for residential real estate finance companies. New York Mortgage Trust has weathered the storm thanks to the talent and perseverance of its management team and its strategic

Patriot National Bancorp Reports 2008 Results - FOXBusiness

Patriot National Bancorp Reports 2008 Results
FOXBusiness
In response to falling real estate prices in its markets as the year progressed, the Bank continued its conservative loan-to-value ratio requirements on new loans. Total non-accrual loans increased from $3.8 million at December 31, 2007 to $80.2
10-K: CITY NATIONAL BANCSHARES CORP MarketWatch (press release)
all 46 news articles

Zillow.com and Newspaper Partners Launch Co-Branded Real Estate Sites - Editor & Publisher

Zillow.com and Newspaper Partners Launch Co-Branded Real Estate Sites
Editor & Publisher
By Jennifer Saba NEW YORK Real estate Web site Zillow.com is launching co-branded sites in partnership with 180 newspapers. Zillow will power real estate searches where users can enter any home address or neighborhood and find the value of homes,

REIT Rally Turned to a Rout, as the 'Bottom' Dropped Out - Wall Street Journal

REIT Rally Turned to a Rout, as the 'Bottom' Dropped Out
Wall Street Journal
By ANTON TROIANOVSKI NEW YORK — The rout in public real-estate stocks continued unabated in the first three months of 2009, as the bottom that some investors thought had appeared at the end of last year turned out to be little more than an illusion.
10-K: HINES REAL ESTATE INVESTMENT TRUST INC MarketWatch (press release)
10-K: LIGHTSTONE VALUE PLUS REAL ESTATE INVESTMENT TRUST, INC. MarketWatch (press release)
all 12 news articles

Slip Sliding Away - Wall Street Journal

Slip Sliding Away
Wall Street Journal
The ranking, by the National Multi-Housing Council, a Washington trade group, shows how real-estate investment trusts that own apartments have shrunk in recent years. This year, there are just 11 REITs in the top 50, down from a high of 14 in 2005.
About this author: Seeking Alpha
all 3 news articles

Construction Unions and Builders Come Close to a Deal to Cut Costs - New York Times

Construction Unions and Builders Come Close to a Deal to Cut Costs
New York Times, United States
“A lot of my developers are concerned that it doesn’t go far enough,” Steven Spinola, president of the Real Estate Board of New York, said of the proposed agreement. “But we’re grateful discussions are taking place.” Among the developers pushing for a
What’s Stalling New York’s Skyscrapers? New York Times
all 2 news articles

New York Mortgage Trust Announces David R. Bock's Retirement from … - PR Newswire (press release)

New York Mortgage Trust Announces David R. Bock's Retirement from
PR Newswire (press release), NY
Mr. Bock added, "The last three years have been exceptionally challenging for residential real estate finance companies. New York Mortgage Trust has weathered the storm thanks to the talent and perseverance of its management team and its strategic

Boston's Hancock Tower sells at nearly half price - Reuters


Reuters
Boston's Hancock Tower sells at nearly half price
Reuters
"This is exactly what is happening with many other buildings across the country," Chris Stanley, an analyst at real estate research firm Reis Inc in New York. "Now that things have started to deteriorate, they will deteriorate at a much faster rate
Hancock Tower sells for $660m at auction Boston Globe
Hancock Tower Sells at About Half Price to Normandy Bloomberg
Morristown's Normandy Real Estate Partners acquires Boston's The Star-Ledger - NJ.com
The Associated Press - Bloomberg
all 290 news articles

Sliding Manhattan home prices give sellers shivers - Reuters

Sliding Manhattan home prices give sellers shivers
Reuters
The reports are expected to reflect job losses on Wall Street, which have depleted Manhattan's pool of potential homebuyers, causing uncommon declines in real estate prices. In February, New York City's unemployment rate rose 1.2 percentage points to