Tuesday, February 2, 2010

Tuesday Tidbits - Groundhog Day edition

With a dusting of snow on the ground where I live, there are no shadows to be seen, supposedly meaning an early spring. Guess I should start working on my golf swing!

A quick followup on Stuyvesant Town and Peter Cooper Village: some excellent thoughts from Michael Mandel and Llenrock Blog.

If you are in a traditional movie rental business; i.e. a storefront on dirt, you might well be hosed.

A lot of New York news today....

Cushman & Wakefield has hired Glenn Rufrano as its president and CEO; he is also a GGP board member.

Goldman is pulling out of the Hudson Yards development in New York. (reg. req'd.)  Related is staying in.

Sam Zell is buying Harry Macklowe's last three Manhattan apartment buildings. The Grave Dancer is unafraid.

Speaking of GGP, it wants an extension on its exclusive right to submit a restructuring plan. Thoughts?

Finally, if you want a scary chart, look at new home sales in Chicagoland. The word being used is, yes, obliterated.

Have a great day! I hope my Illinois readers have or will get out to vote.

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