manhattan

Once again, the Big Apple may be ahead of the trend. Manhattan real estate mogul Elie Hirschfeld expects the New York real estate market to recover before other areas of the country as overbuilt office space is absorbed and properties are snapped up in distress and foreclosure sales.

Manhattan just got its first Costco (COST). The store on E. 116th Street opened on Thursday, making it the first discount club to open in the borough. The experience isn't entirely new, however, as many club members already live in the city. Now, they'll be able to enjoy a shorter jaunt to the...

Conventional wisdom has it that as the economy sours, crime picks up. Faced with job losses and few other opportunities, it might be expected that an increasing number of people would turn to illegal acts, such as burglary, to make a living. Except that it's not happening -- not in this recession,...

Some pieces of news are worth mentioning only in passing because they are interesting, but may not mean a thing. CNET says that over 100 people lined up at midnight to be early buyers of the new Motorola (MOT) Droid handset at a Verizon (VZ) store in Manhattan. The store in Herald Square had 500...

Famed 19th-century newspaperman Horace Greeley may have urged, "Go West, young man," in search of opportunity, but today's young people are finding fortune (if not necessarily fame) in a city few would associate with open land and spacious skies -- Washington, D.C. The nation's capital has become...

Annie Leibovitz just might have enough real estate to cover her debt to Art Capital Group, according to real estate brokers. But, you'd have to believe a broker, which is always tough to do in Manhattan. The celebrity photographer is in the hole $24 million to art financier Art Capital Group. The...

It used to be that you could get three meals a day and a roof over your head, as long as you committed a felony. Well, the days of being paid to pound out license plates are coming to a close. Now, any cash you make in the joint goes back to the joint. Local governments across the United States...

As the housing crisis continues and demand for housing declines as people move in with friends and relatives, now is a fantastic time to negotiate for lower rent in some markets.Just ask actor Mickey Rourke. He just rented a loft in Manhattan's Meatpacking district for $19,800 per month. That might...

According a recent report released by Prudential Douglass Elliman Real Estate, Manhattan apartment sales have dropped by 50 percent over the past year, and the average price of a city apartment has fallen by up to 24 percent. While apartment prices have risen slightly in the last quarter, it seems...

Reports released today by three major New York City real estate brokers show that the housing bust has finally hit the city, with prices falling somewhere between 13% and 19% over the past year -- depending on who you believe.The decline isn't out of line with national numbers, but in Manhattan,...