NEW YORK CITY-Last year's real estate market was an anomaly, says a new report from Cushman & Wakefield. So, even though vacancy rates have risen this year, they do not represent an imbalance in most markets.

NEW YORK CITY-The property, which was sold by the Institute a few years ago, was facing foreclosure at the time of the purchase and under a court-imposed deadline of three weeks for the new owner to come up with the money. The deadline was met with 24 hours to spare.

NEW YORK CITY-Last year's real estate market was an anomaly, says a new report from Cushman & Wakefield. So, even though vacancy rates have risen this year, they do not represent an imbalance in most markets.

NEW YORK CITY-Since the beginning of the year, Manhattan has suffered nearly 6 million sf of negative absorption and seen overall asking rents fall 6%. The highest vacancy rate, 8.7%, was recorded in Midtown South.

NEW YORK CITY-Since the beginning of the year, Manhattan has suffered nearly 6 million sf of negative absorption and seen overall asking rents fall 6%. The highest vacancy rate, 8.7%, was recorded in Midtown South.

NEW YORK CITY-Second quarter earnings came in at $699,000, down from $735,000 in Q2 2000. Nonetheless, earnings per share rose 21% over last year thanks to the firm's stock repurchase program.

NEW YORK CITY-Not only is this market sector populated by older properties and tired brands, the new limited-service hotels that compete against them are attracting travelers who are opting for less-expensive accommodations.

NEW YORK CITY-The New York City Residential Mortgage Insurance Corp., which insures first mortgages to promote affordable housing, received the rating, in part, because of its strong underwriting performance, low risk leverage ratio and geographic concentration.