Posted by Leonard Steinberg on October 20th, 2012 “You cannot balance the budget without raising revenue and cutting expenses. There is no reputable economist that remotely thinks you could do this without doing those two things — one of which is anathema to the Republicans, and one of which is anathema to the Democrats.” No,… [Read More]
NEW LUXURYLOFT LISTING – CHELSEA 2BED / 2BATH
SLATE CONDOMINIUM, 163 West 18th Street, 2B – Chelsea Prime Chelsea real 2 bedroom, 2 bathroom doorman condominium: Nestled in the heart of Chelsea, steps from all transportation, shopping and amenities as well as Union Square, Greenwich Village and the Meatpacking District, Highline Park and the West Chelsea Arts District, this contemporary, barely used condominium… [Read More]
THE BRAVO PRESIDENTIAL DEBATE: THE REAL PRESIDENTIAL CANDIDATES OF WASHINGTON DC? TIME FOR THE CENTRIST PARTY?
Posted by Leonard Steinberg on October 18th, 2012 A friend to-day summarized my exact thoughts on Tuesday’s presidential debate: It looked like it had been produced by BRAVO, the channel most famous for its lively, trashy, Jerry-Springer-esque reality such as the ‘Real Housewives of New Jersey’…..Did Mitt stand up in the middle of Obama’s tirade… [Read More]
US BUILDING ROARS BACK TO LIFE.
Posted by Leonard Steinberg on October 17th, 2012 As always, the press has just caught on to the fact that construction is experiencing a mammoth surge….it started months ago, but now the data is out with enough hard evidence to prove a point I have been making for quite a while. Groundbreaking on new U.S. homes… [Read More]
THE NEW YORK BOOMERANG BUYER
Posted by Leonard Steinberg on October 15th, 2012 The Wall Street Journey reports this morning about the Boomerang Buyer who through foreclosure in the 2008 financial crisis lost their home and is now back in the market ready to buy. In New York, we have a slightly different Boomerang Buyer: The buyers who left the… [Read More]
NEW $ 6,636/sf RECORD SET FOR DOWNTOWN PENTHOUSE SALE AT 18 GRAMERCY PARK
Posted by Leonard Steinberg on October 11th, 2012 Reports indicate the penthouse at 18 Gramercy Park has gone to contract for $ 42million, setting a new record for pricing in Downtown New York. The Robert A.M. Stern-designed building At $ 6,636/sf it seems like a relative bargain when compared to the penthouse sales uptown at… [Read More]
MANHATTAN RENTS SOAR 10+% IN ONE YEAR: MAJOR INFLATION?
Posted by Leonard Steinberg on October 11th, 2012 The Douglas Elliman RENTAL REPORT just came out and Manhattan rents soared 10.2 percent in the past year as tenants scrambled for new apartments in the tightest, fastest-moving market in years, new figures show. The median rent hit $3,195 a month — and $3,500 with a doorman. Apartments… [Read More]
MARKET STREET RHINEBECK DRAWS ROCK ‘N ROLL AND ARTWORLD ROYALTY
Posted by Leonard Steinberg on October 10th, 2012 Seen at MARKET STREET, Rhinebeck’s hot new restaurant on Market Street this weekend: rock ‘n roll royalty and artworld royalty…..and because no-one at Market Street ever breathes a word, you’ll have to keep guessing who these patrons were. Maybe you know someone who was in the restaurant… [Read More]
MORE OR LESS REGULATION? WHAT ABOUT SMART REGULATION?
Posted by Leonard Steinberg on October 8th, 2012 Both presidential candidates are arguing over regulation: Romney says we have too much and Obama says we don’t have enough. What about SMART regulation: efficient regulation that actually works? David Rubenstein, the co-founder of The Carlyle Group and the ‘king’ of private equity, made the point the… [Read More]
THE NEW YORK BUILDING BOOM OF 2013
Posted by Leonard Steinberg on October 5th, 2012 New York is poised for one of the greatest building booms of all time in 2013, fueled by the awakening sleeping giant of residential new construction. There are literally hundreds of buildings where already the roar of machinery and activity are firing up. This is what I… [Read More]