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November 12, 2008

DEVELOPERS CUTTING JOBS

SLOWDOWN IN MARKET BLAMED

NY Post
by Lois Weiss

The Atlantic Yards developer makes a cameo in this story about layoffs in the City's real estate industry.

With most commercial sales unable to get financing, and development stalled for the same reason, brokerages and title companies have been shedding staff.

And now developers are starting to make similar moves.

Tishman Speyer Properties, Forest City Ratner and Extell Development are among those that have had layoffs, sources said.

article

Posted by eric at November 12, 2008 11:55 AM