Halstead Property
Return to Halstead Propert Homepage
The Real Deal's Best Of 2009 Top 10 Biggest New York City Real Estate Stories Of The Year
By Candace Taylor
In the aftermath of the financial crisis, the industry watched in awe -- and sometimes horror -- as residential sales ground to a virtual halt, condo projects stopped in their tracks, office rents shrank and retail stores disappeared. Buyers at buildings like 22 Renwick sued to get out of their contracts, and some were granted the opportunity to back out of their contracts. Meanwhile, an amazing cast of characters -- from Kent Swig to Harry Macklowe to Lev Leviev -- publicly fought for survival. There were also glimmers of hope, from the opening of the High Line in June to the expansion of Halstead Property into Connecticut to the sale of Former Lehman Brothers CEO Dick Fuld's sale 16-room co-op apartment at 640 Park Avenue for $25.87 million, almost $5 million more than he bought it for two years ago.
Wednesday, December 30, 2009