Posted by Leonard Steinberg on April 11th, 2014 The other day I witnessed the past and the future within a few blocks of one another in New York: The first visit was to the US Post office where I had to buy one postage stamp (I know, ridiculous!). Entering the office felt like a step… [Read More]
BROOKLYN HOUSING ‘AFFORDABLE’, BUT INFRASTRUCTURE IS WEAK
Posted by Leonard Steinberg on April 10th, 2014 Brooklyn continues its climb in desirability with both rent and sale prices rising consistently. Inventories have dropped to a six-year low. Brooklyn apartment rents rose to a record in March and new leases more than doubled, extending a surge in housing demand that was once seen as a… [Read More]
WHEN GOVERNMENT CAUSES PARADIGM SHIFTS
Posted by Leonard Steinberg on April8th, 2014 Perceptions are changing throughout the world, much of it instigated by large-scale government action: Switzerland was always known as the safe-haven for funds that others should not know about…….this week I heard of several extremely wealthy people avoiding bringing their assets to Switzerland because of the new widespread… [Read More]
BILLIONAIRE BIDDING WAR: $102 MILLION LOS ANGELES HOME SALE.
Posted on April 1st, 2014 Fleur de Lys, a 50,000sf estate in the Holmby Hills area of Los Angeles has sold for $102 million, making it the most expensive home ever sold in Los Angeles County, yet at $ 2,040/sf its a relative bargain compared to most luxury New York real estate…..especially considering the antique… [Read More]
NEIMAN MARCUS COMING TO THE HIGHLINE PARK AND HUDSON YARDS?
Posted by Leonard Steinberg on March 26th, 2014 Rumor has it that Neiman Marcus is coming to the Hudson Yards at 10th Avenue and 30th Street just where the Highline Park turns towards the Javitz Center.
61,000 NEW NEW YORKERS: WHAT ABOUT SEMI-AFFORDABLE HOUSING?
Posted by Leonard Steinberg on March 26th, 2014 Many keep asking: where do all these New York buyers and renters come from? While much of it can be attributed to the creation of new households and ‘natural’ selling trends (death, birth, marriage, divorce, desire for change, re-location, etc), equally important are the numbers of people… [Read More]
PRESIDENT OBAMA FEARS NEW YORK NUCLEAR THREAT?
Posted by Leonard Steinberg on March 26th, 2014 President Obama, when asked if Russia was the greatest threat to the USA, responded by saying he is more concerned about a nuclear explosion of sorts in New York City. Had President Bush uttered these words, everyone would have been outraged about fear-mongering: now that President Obama… [Read More]
WHY WE MUST FIGHT SMOKERS AND DIRTY AIR
Posted by Leonard Steinberg on March 25th, 2014 Many ask me why I am so militant against air pollution and smokers…. here is why: Air pollution killed 7 million people in 2012, more people than AIDS, diabetes and road injuries combined. 12,5% of deaths worldwide can be attributed to breathing tainted air, the world’s largest… [Read More]
HOW MAYOR DEBLASIO CAN GET BI-PARTISAN LOVE
Posted by Leonard Steinberg on March 24th, 2014 Mayor De Blasio is experiencing a rocky start in his role as Mayor of New York City. His early focus on terminating charter schools and horse carriages and raising taxes for Pre-K schooling has resulted in angry citizens on both the left and the right. Here is… [Read More]
AN UNFLATTERING BOOK ABOUT NEW YORK REAL ESTATE MOGULS?
Posted by Leonard Steinberg on March 22nd, 2014 I have heard Vicky Ward is writing a book about real estate moguls…..supposedly it’s an investigation exposing the shady stories of various real estate moguls who’d prefer people to think they’d made their money honestly. The book is scheduled for publication by John F. Wiley & Sons later in… [Read More]