The Busiest Man in New York Real Estate

Gary Barnett wrote a letter. It was nine paragraphs and it circulated earlier this year to people like Michael Bloomberg, David Axelrod and Larry Summers.

“Even someone with a good job today is afraid to spend, because he is afraid he will not have a job a few months down the road.”

Mr. Read More

1540 Broadway Sale: The Gift of a Comp

Twenty feet, nine inches from the southeast corner of Broadway and 46th Street rises a building known as 1540 Broadway, 1.1 million square feet of pure, honest-to-goodness office space in one of Manhattan’s most coveted commercial markets: Times Square.

Deutsche Bank sold the office condo portion of the building last week Read More

Slump Dooms Brokers, Architects

By year’s end, some of commercial real estate’s freshest young brokers will give up on the somnolent field and start searching for a new line of work, according to the industry’s older hands.

“This is a cliché, but this is the time when the men are separated from the boys,” said Cory Zelnik, of Read More