Greenwich Village has been clamoring for a new hospital ever since St. Vincent’s closed nearly a year ago. Now, with the news that North Shore-LIJ is poised to open an emergency care facility in the next few years—no major trauma unit, no in-patient care—while the Rudins get to build their condos across the street, Read More
Nearly a year after St. Vincent’s closed, a hospital is returning to Greenwich Village, albeit a much smaller one. St. Vincent and North Shore-Long Island Jewish have just announced a deal that, along with developer Rudin Management, will place an emergency care facility within the O’Toole Building, the distinctive “overbite building” on the west side Read More
Earlier this month, St. Vincent’s announced its plan to hire CB Richard Ellis to market the eight buildings that make up its Greenwich Village campus. The announcement came as a slap in the face to Bill Rudin, the developer whose family firm had a deal to buy some of the properties from the hospital Read More
“Everybody’s bitchin’ because there’s been too much competition.”
And so Newmark Knight Frank’s Jimmy Kuhn kicked off the star panel at this year’s Capital Markets in Real Estate Global Markets Recovery with an unintential real estate rap.
Sadly, not all real estate gurus can rhyme, but everyone’s got some talent. We bring you the juicy Read More
Bill Rudin has not given up on dearly departed St. Vincent’s Hospital, according to The Journal. The third-generation developer, looking to live up to the great works of his pops and pop-pop, is “working quietly to salvage his ambitious project,” which includes a condo tower and a number of smaller apartments and Read More
Movers and Shakers
Two years ago, in the months before the fall of Lehman Brothers, when New York’s economic lily was still contentedly gilded, crafting a list of real estate’s biggest machers was pretty easy: Moguls X, Y and Z had done deals A, B and C, and the business of real estate ticked along.
Then came the Read More
Publicis, the advertising firm that somehow convinced Chevy Chase to reprise his hilariously hapless Clark Griswold character during the Super Bowl, all to market a little-known house-swapping Web site called HomeAway, will consolidate its New York operations at Bill Rudin‘s 35-story tower at Broadway and 52nd Street.
Publicis employees Read More
Toward the end of 2008, the meltdown in the financial and residential mortgage markets led to a credit crisis that froze lending nationwide. Over the course of the past year, analysts have been forecasting another looming credit crisis—this time with the commercial real estate market.
What makes this latest threat to U.S. lending Read More
Amid increasingly apocalyptic prophecies about the fate of New York’s commercial property market, more than a dozen “Masters of Real Estate” convened at the Metropolitan Club on Tuesday for an eponymous conference hosted by The Observer devoted to making sense of the market’s troubles. The major players appear to have emerged from the Read More
Almost from the moment that the financial industry entered its tailspin a year ago, landlords and developers began to sound the warnings that commercial real estate would be the other shoe to drop in the economy. Then early in the Obama administration, regulators threw the real estate industry a bone, expanding a financial rescue program, Read More