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Brokered

Thoughts on NYC Commerical Real Estate

Thursday, January 15, 2009

Grubb & Ellis Newswatch 1-15-09

Associated Press
Crude Prices Tumble Close to $35

Bloomberg
Bank of America May Get U.S. Aid for Merrill Lynch
ECB Cuts Key Rate as Recession Forces Trichet’s Hand
JPMorgan Profit Drops 76 Percent on $2.9 Billion of Writedowns

Crain’s
Mayor Bloomberg to Reveal New Jobs Plan
Occupancy Drop Forces Layoffs at Hotels

Globe Street
2009’ ‘One of the Most Challenging’ for Office
Morgan Stanley, Citi Form JV

New York Observer
At 14 Wall, a Blizzard of Leasing; The Street, SOM Latest Signers
Fordham Neighbors Tap Lobbyists, Lawyers to Fight Expansion

New York Post
Minor Adjustments
Room at the Inn
Storefront Shoppers
Wealthy Humbugs Rock Tiffany Sales

New York Times
2nd Hudson Rail Tunnel Clears Key Federal Hurdle
To Avert Blight, City Will Repair and Resell Vacant Homes
Virgin Megastore in Times Square to Be Replaced by Forever 21

The Real Deal
This Month in Real Estate History

Wall Street Journal
Bank of America to Get Billions in U.S. Aid
Democrats to Unveil $825 Billion Stimulus Measure
Foreclosure Filings Up 81% in 2008
Goldman Finds a Way to Dole out Cash
J.P. Morgan Stays in Black
Jobless Claims Jump in Latest Week
Rates Fall, but Refinancings Are Limited 

Posted by Michael A. Mandel at 6:55 PM
Labels: grubb ellis, Newswatch

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Michael Mandel
New York, NY, United States
I am a real estate advisor with a national corporate real estate services company, and I work in Midtown Manhattan representing tenants in their office space transactions. Need real estate advice? Call me: 212.326.4955
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      • Grubb & Ellis Newswatch 1-15-09
      • Renewals Brisk. Asking/Taking Rent Spread Soars—Gr...
      • Grubb & Ellis Newswatch 1-14-2009
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      • Learning From History: It's not the Apocalypse
      • 20% Chance that CBRE May go Bankrupt
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BrokeredNYC.com is not a licensed real estate brokerage firm. The information provided on this site is the opinion of Michael Mandel only and does not constitute the advice or opinion of Grubb & Ellis New York, Inc. or Grubb & Ellis Company.
Although all information furnished regarding property for sale, lease or financing is from sources deemed reliable, such information has not been verified. No representation is made as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior to sale, lease or financing, or withdrawal without notice. No representations are made, nor are any implied, as to the condition or construction of the property to be leased or purchased, including any patent or latent conditions or any hazards contained therein.
A commission in accordance with the rates and terms agreed to by our principal and available upon request, will be paid, when received by us from our principal, to the procuring broker who consummates a sale or lease which has been executed by both the Seller/Landlord and Buyer/Tenant and duly consented to by the Owner in the event of sublease or assignment. This writing does not constitute and shall not be construed as binding or an offer until our Brokerage Agreement is executed, and no commission shall be deemed to be due and payable unless and until a sale or lease is fully consummated.
 
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