Continue Reading Add comment March 20th, 2009
Mortgage interest rates are already flirting with record lows and the Federal Reserve’s move to buy up government debt will send those rates even lower. But it doesn’t look like it will get any easier for borrowers - even those with good credit. Read more »
Continue Reading Add comment March 20th, 2009
It’s a mark of the times that a corporate real estate property management story is headline news, namely the report that Citigroup Inc. plans to spent about $10 million for executive office renovations. In ordinary times, that would be as newsworthy as the paving of a side street in lower Manhattan, but the backlash over corporate excess has put such expenditures by bailout beneficiaries under a high-powered microscope.
Continue Reading Add comment March 20th, 2009
Beleaguered insurance giant American International Group Inc., which announced this week that it would put its Downtown Manhattan headquarters up for sale, will likely receive significantly less in sales proceeds than if it made this move two years earlier.
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