Posted by Leonard Steinberg on March 16, 2011. In the wake of the horrible tragedy unfolding in Japan, there are lessons that can be learned, although nothing can really fully prepare you for the a natural disaster as mammoth as this one. Here are some thoughts: 1) How amazing is the resilience and tone… [Read More]
WORLD REAL ESTATE MOOD IMPROVES – GATEWAY LOCATIONS LEAD
Posted by Leonard Steinberg on March 13, 2011 From Sao Paolo to Chongqing, by way of Kigali and London, the international real estate community gathered in Cannes March 8-11, 2011, for the 22nd edition of MIPIM that saw an enlarged number of major projects unveiled to international investors and tour de force keynote presentations from… [Read More]
$90 MILLION FOR LUCILLE ROBERTS’ MANHATTAN WOOLWORTH MANSION?
Posted by Leonard Steinberg on March 12, 2011 4 East 80th Street, the house that belonged to Lucille Roberts, the notorious gym diva who passed away in 2003, has hit the market with a whopping $ 90 million asking price. Ms. Roberts bought the 18,000sf mansion for around $6 million in 1995 and the house underwent substantial renovations to convert… [Read More]
GLASS BRICK MAKES A COME-BACK
Posted by Leonard Steinberg on March 9, 2011 The 80’s are back in a big way in fashion and music, so why not real estate too? Well, guess what…..that 80’s favorite, glass brick, is making a come-back. And it’s being used by none other than ultra-cool architect Enrique Norten in his swell new hotel in… [Read More]
BIDDING WAR CITY
Posted by Leonard Steinberg on March 7, 2011 While not every listing is producing multiple bids, the volume of multiple bids on good properties is back in a BIG way in New York City real estate, both in the residential and commercial sectors. (It has also returned to the art world and many other markets)… [Read More]
THE MEGA-CLASS: A NEW BREED OF RICH
Posted by Leonard Steinberg on February 1st, 2011 After attending the launch to-day of AVENUES, the new private school scheduled to open in September 2012 in West Chelsea on Tenth Avenue at 25th Street, I realized a new breed of global wealthy is emerging: The MEGA-CLASS. The MEGA CLASS is a group of very wealthy… [Read More]
HAVE YOU CHECKED YOUR MAILBOX?
Posted by Leonard Steinberg on January 27th, 2011 If you check your mailbox, you may find a lovely envelope from the New York City Department of Finance showing the new assessment on your property. One of my assessment notices showed that the market value of a property I own increased in value by over 60%…..in 2010! WOW! That’s facinating…. [Read More]
CARCHITECTURE!
Posted by Leonard Steinberg on January 24, 2011 Have you noticed how cars have become more cleverly integrated into architecture recently? Two great examples: 1111 Lincoln Road in Miami beach designed by Herzog and de Meuron and developed by Robert Wennet…..and 200 Eleventh Avenue in New York City by Annabelle Selldorf, developed by Glauco Lolli… [Read More]
DEAR MAYOR BLOOMBERG: ABOUT YOUR REAL ESTATE TAXES….
Posted by Leonard Steinberg on January 23, 2011 Mayor Bloomberg we love you: you are the greatest mayor this town has had. BUT, we have a serious problem with the real estate taxes in this City, and you are avoiding the big issue. You recently said in the NEW YORK POST that you feel the… [Read More]
SCREEN SOCIETY: IS THE i-HEAD NEXT?
Posted by Leonard Steinberg on January 20, 2011 As New York real estate brokers, we have become the SCREEN SOCIETY, our faces confronted by a screen/monitor literally all day long, either via a desktop computer, a laptop computer, an I-pad or a Blackberry/I-phone/cellphone. ….and then there is the TV, the TV monitor on the treadmill,… [Read More]