Posted by Leonard Steinberg on November 15th,2013 About 200 more cabs will hit the New York streets after an auction yesterday for new medallions, the first since 2008. Bidders, restricted to medallions for wheelchair-accessible vehicles, offered as much as $1.26 million for a single placard, which permits the holder to operate one of the city’s 13,000… [Read More]
WHAT YELLEN SAYS TODAY MATTERS
Posted by Leonard Steinberg on november 14th, 2013 Janet Yellen, the President’s nominee to lead the U.S. Federal Reserve, will defend today the central bank’s aggressive monetary easing before a Senate panel that includes many tough Republican critics who believe the volume of money-printing to be excessive. Yellen is likely to remain vague on future Fed actions…. [Read More]
DE BLASIO LUXURY CONDOMINIUM TAX REVENUE WINDFALL
Posted by Leonard Steinberg on November 13th, 2013 Mayor-elect Bill de Blasio may be thanking the creators and buyers of luxury condominiums soon: Over the next 24 months, the City and State of New York stands to collect close to a half a billion dollars in taxes from the construction and delivery of roughly… [Read More]
MORE LUXOFLATION: FRANCIS BACON WORK SETS NEW RECORD AT AUCTION
Posted by Leonard Steinberg on November 13th, 2013 While real estate pricing continues to set new records weekly, the art world is mirroring the phenomenon we call LUXOFLATION, the significantly elevated levels of inflation that we are seeing on luxury products from collector cars, to art, to Manhattan apartments. Last night a work by the late… [Read More]
NEW YORK OBSERVER GUEST EDITORIAL
Posted on November 12th, 2013 Click here to read the NEW YORK OBSERVER ‘GUEST EDITORIAL‘ on why Leonard Steinberg supported Mayor-elect Bill de Blasio: Here it is….. http://observer.com/2013/11/bill-de-blasio-the-mayor-of-fairness/
A VETERAN'S OBSERVATIONS
Posted by Leonard Steinberg on November 12th, 2013 Yesterday was Veteran’s Day, and while I have never fought in a war, I am considered somewhat of a ‘veteran’ in the real estate industry. Here are a few nutty and ironic observations during the day that I thought I’d share: 1) While trying to navigate… [Read More]
LULULEMON LESSONS
Posted by Leonard Steinberg on November 10th, 2013 Founder of LULULEMON Chip Wilson said the unthinkable the other day: he suggested that those stretchy see-through-ish yoga pants were not for all body types: HOW DARE HE! Obviously some of his production delivered excessively sheer product, for which he apologized. Its not enough. It seems everyone… [Read More]
CONSTRUCTION FUELS NEW YORK EMPLOYMENT
Posted by Leonard Steinberg on November 8th, 2013 Need further proof how building those pesky LUXURY CONDOS helps the City? Employers added 11,000 construction jobs in October hitting a 50-month high and marking the fifth consecutive month of gains in the sector, according to data analysis by the Associated General Contractors of America. Employers added 11,000… [Read More]
THE QUEST FOR ULTRA-PRIVACY
Posted by Leonard Steinberg on November 8th, 2013 We just listed a rather exceptional penthouse on Hubert Street in Tribeca at the brand new pre-war conversion 250 West Street that boasts a feature very few buildings can provide: ultra-privacy. The penthouse is accessed via a private drive-in drop-off entrance……from there you enter a completely dedicated… [Read More]
FALL IN LOVE WITH THIS TRIBECA RIVER-FRONT PENTHOUSE
Perched atop Tribeca’s newest iconic address, 250 West Street, sits an unparalleled brand new penthouse of epic proportions. Offering sweeping, protected Hudson River views with almost 120 feet of frontage facing West, The Penthouse residence will enthrall you from the moment you arrive. More info here: www.elliman.com/1662210