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New York City Real Estate Decline Causing Funding Gap

Tuesday, December 23rd, 2008

The decline in the value of New York City real estate is causing a new set of problems. The city faces a $8 billion funding gap as revenue declines mount due to the implosion of Wall Street. The government of Mayor Mike Bloomberg is already cutting back on ...

Posted in New York Real Estate | No Comments »

New York City Fate Depends On Bailout

Wednesday, October 1st, 2008

Interesting article by Amity Shlaes today concerning the role of New York City after the bailout vote. New York City has a number of pressing issues right now. Even before this month, the New York gladiator had weaknesses. Analyst Richard Persichetti of real-estate brokerage Grubb & Ellis Co. quantifies not ...

Posted in Business | 1 Comment »