Reports to-day lament the state of the housing market, and for sure the markets around the country are not very healthy. Some housing markets show signs of healing. Home-sales activity in New York, Washington, D.C., and parts of California continue to improve. But other markets, including Tampa, Fla., and Chicago, face rising foreclosures and weak… [Read More]
LUXURY MARKET INDICATOR: HAMPTONS SALES DOUBLE
Home sales in the Hamptons, the beachside resort towns favored by celebrities and Wall Street financiers, more than doubled in the first half of 2010 from a year earlier, according to recent reports. Sales in 15 New York villages and hamlets that make up the Hamptons rose to 923 homes from 433. The dollar volume… [Read More]
WEST SIDE/CHELSEA GET CONNECTED TO MIDTOWN WITH 7 SUBWAY EXPANSION.
West Chelsea and the hudson Yards on Eleventh Avenue will be connected to midtown by the # 7 subway expansion: In what City Council Speaker Christine Quinn on Thursday called “a great day for the West Side and the future of New York City,” the year-long tunneling project on the Number 7 subway line expansion… [Read More]
RICHARD MEIER’S MODEL MUSEUM – LONG ISLAND CITY
Richard Meier’s Model Museum in Long Island City is a small gallery devoted to the architect’s ongoing love of the physical process of architecture. The 3,600 sq ft warehouse space is dominated by a vast model of the Getty Center in Los Angeles, still one of the architect’s most celebrated and sizeable commissions. Rather than… [Read More]
NEW YORK FORECLOSURE RATE DROPS 24%
The REAL DEAL reports that foreclosure activity in New York City continued its pattern of ups and downs during the first six months of 2010, climbing 3 percent on a year-over-year basis but registering a 24 percent drop from the six months prior, according to the latest foreclosure market report from RealtyTrac. These figures include… [Read More]
CRAIGSLIST CUSTOMERS BECOME SMARTER
Broker abuse on Craigslist has been a common complaint by the consumer, but brokers beware: the consumer is getting smarter! INMAN NEWS reports that Craig Newmark recently commented on Real Estate broker abuse on his site: The site depends on self-policing to catch inappropriate content. As the customer service representative for Craigslist, Newmark handles consumer… [Read More]
VEGAS’ STEVE WYNN BUYS AT THE PLAZA
The Wall Street Journal reported that Steve Wynn (boss of Wynn Resorts)has bought the penthouse at the famed PLAZA HOTEL in Manhattan for about $ 23 million from developer EL-AD…..thats a little over $ 4,000/sf which is actually a good price for a park-facing apartment in a condominium with outdoor space and panoramic views. The 5,600sf… [Read More]
ELEVENTH AVENUE: THE FIFTH AVENUE OF THE WEST?
100 Eleventh Avenue has closed on several more units as it approaches completion, including to some of the City’s most fabulous of the fabulous crowd…..Richard Pandiscio and Richard Rogers son Roo Rogers with his wife Bernadine Huang owner of OZOCAR, the city’s first car rental company with super-efficient hybrid cars. Also living on Eleventh Avenue:… [Read More]
GROUND ZERO MOSQUE MEETING TONIGHT!
Opponents of the planned mosque near Ground Zero are calling those who agree with them to attend the Landmarks Preservation Commission’s Tuesday meeting in Hunter College’s Lecture Hall 714 at 904 Lexington Ave. The meeting is set to determine whether or not the 152-year-old building at 45 Park Place should be given landmark designation. Landmark… [Read More]
RUSH LIMBAUGH SELLS NEW YORK APARTMENT
A year after railing about the high tax burden on wealthy New Yorkers, Rush Limbaugh, the super-rich conservative radio talk-show host has sold his Liberace-meets-Ivana-Trump-meets-Donatella Versace Fifth Avenue penthouse to an undisclosed buyer. Mr. Limbaugh’s 10-room condominium, which features a 30-foot-wide living room with fireplace and four terraces overlooking Central Park at East 86th Street,… [Read More]