Posted by Leonard Steinberg on May 28th, 2012 New York is especially well positioned in the NEW TECH ECONOMY: The recent expansion of New York’s Internet industry has forced some entrepreneurs — who recently automatically flocked to California’s Silicon Valley – to focus on New York. New York is now enough of an attractive alternative that a… [Read More]
NEW DIA ART MUSEUM COMING TO WEST CHELSEA’S WEST 22nd STREET
Posted by Leonard Steinberg on May 24th, 2012 DIA is about to launch an important new arts building in West Chelsea on West 22nd Street: Dia just bought the former Alcamo Marble building at 541 West 22nd Street in Chelsea for $11.5 million. That building sits between its former space at No. 545, and its existing… [Read More]
THIS IS WHAT LIES UNDERNEATH NEW YORK
Posted by Leonard Steinberg on May 24th, 2012 This is what Manhattan is built on…..the picture above shows chunks of granite that were blasted out of the basement of a townhouse being renovated and shows just how intensely solid the foundation of a good chunk of Manhattan is. It is also a message about how… [Read More]
MAKE IT UP: IT'S CABLE TV!
CNBC host asks a reporter for comment on Durable Goods data: He had none…the anchor says: “Make something up: it’s CABLE TV!” How real!
WE HAVE ENTERED THE NEW TECH ECONOMY
Posted by Leonard Steinberg on May 23rd, 2012 We have entered the NEW TECH ECONOMY, an economy that is reliant on, and thrives on technology to improve speed and productivity, lower costs and increase profitability. This Tech Economy makes our world a much smaller place by inter-connecting countries and economies instantly, 24 hours a day. It usurps… [Read More]
MANHATTAN NOISE: IT’S EVERYWHERE!
Posted by Leonard Steinberg on May 21st, 2012 Often buyers wince at the sight of a construction site abutting a building they are considering buying in…..they fear the noise it will produce. They are correct: there will be noise. But don’t for one moment think anyone living in Manhattan is immune to noise. It’s everywhere…. [Read More]
FACEBOOK IPO vs. REAL ESTATE BIDDING WARS
Posted by Leonard Steinberg on May 21st, 2012 All the hoopla surrounding the IPO of Facebook and to-day’s swoon of almost 10% in its valuation leads me to believe one should be very careful about over-hyped product….including real estate. I do believe Facebook to be one of the most over-hyped companies on earth: is it really… [Read More]
COUNTRY-WIDE REAL ESTATE MARKETS EXPLODE: A RUSSIAN INVASION?
Posted by Leonard Steinberg on May 20th, 2012 As news broke this week that the Thomas Juul Hansen designed penthouse at One 57 (157 West 5th Street) sold for around $ 90 million, a new record for New York City real estate pricing, I am in California observing other markets. And all I can hear… [Read More]
A (NEW) CONTRACT WITH AMERICA? (WITH CONSEQUENCES)
Posted by Leonard Steinberg on May 15th, 2012 I am involved with contractual negotiations on a daily basis, even though in New York real estate contracts are handled by lawyers. In most real estate contracts, certain obligations have to be met by both sides, and failing to do so has consequences. Maybe its time for… [Read More]
NEW YORK LEADS CO2 EMISSIONS FIGHT
Posted by Leonard Steinberg on May 13th, 2012 Who says government has to be the sole driving force for change? Coca-Cola, Nike, and more than 30 other companies have cut carbon dioxide emissions by more than 100 million metric tons since 1999 under a partnership agreement with the World Wildlife Fund, according to a new… [Read More]