Posted by Leonard Steinberg on August 21st, 2014 I sit on the Board of my building, and sometimes (very seldom) a building can come into a windfall of money, a surprise revenue source that boosts its reserves unexpectedly and outside all budgetary expectations. New York State is experiencing this exact phenomena right now: It will realize a… [Read More]
THE INNOVATION ECONOMY: IS TECHNOLOGY NEW YORK'S FUTURE?
Posted by Leonard Steinberg on August 19th, 2014 There can be no doubt that technology has become a key driving force and growth sector for the New York economy (and the world in general). A city that was once almost entirely reliant on the financial sector for high paying jobs is seeing tech catch up… [Read More]
New York Observer | All is Not Loft: Open-Plan Layouts Loose Their Appeal
Link to full article here: http://observer.com/2014/08/all-is-not-loft-open-plan-layouts-lose-their-appeal/
THE 24/7/365 WORLD
Posted by Leonard Steinberg of URBAN COMPASS on August 16th, 2014 In my role as President of URBAN COMPASS, I post some of my thoughts and observations to the company. I thought I would share this one as it highlights the new world we live in: THE 24/7/365 WORLD. Seasons are a magical way of reminding us… [Read More]
Have you seen the newly completed model unit at 7 Harrison St?
Click here to see more: 7 Harrison St #3S
THE $50 BILLION QUESTION – NEW YORK RESIDENTIAL CONSTRUCTION SOARS
Posted by Leonard Steinberg of URBAN COMPASS on August 14th, 2014 The volume of New York residential construction planned over the course of the next three years keeps growing: We are now approaching $50 BILLION worth of new rental and condominium buildings. Here are some recently released statistics: Spending on residential construction will hit a new… [Read More]
147 West 22nd Street Featured on 6SFT!
Retractable Garage-Style Door Transforms This Chelsea Apartment in an Innovative Way Retractable Garage-Style Door Transforms This Chelsea Apartment in an Innovative Way
IN 'DEFENSE' OF THE ALEXANDER BROTHERS
Posted by Leonard Steinberg of URBAN COMPASS on August 7th, 2014 “In what could be a real estate record for New York City, the nation of Qatar is in contract to buy an Upper East Side townhouse for $100 million, The New York Post reported earlier this week.” This week it was revealed that the… [Read More]
BUBBLINGO!
Posted by Leonard Steinberg of Urban Compass on August 6th, 2014 Its annoying to me how some people in our industry are fueling a bubble when a bubble could easily be avoided: I am calling it BUBBLINGO…..the language that causes bubbles. One example: “So a very similar building next door to ours sold units for… [Read More]
FOOD MARKETPLACE/EATERY COMING TO WEST CHELSEA!
Posted by Leonard Steinberg of URBAN COMPASS on August 4th, 2014 Far West Chelsea residents like myself love living here, but certainly miss one component: good food. Now there is news that HUDSON MARKET is coming to 303 Tenth Avenue, a few doors down from Avenue’s School! The gourmet-style marketplace/eatery will have a mix of products and… [Read More]