Posted by Leonard Steinberg on October 8th, 2013 In the on-going debate about the depth of buyers for the $ 22billion worth of inventory coming to the New York residential real estate market, I thought it wise to evaluate wealth in general…..and luckily a Credit Suisse Report on the subject hit my desk this morning…. [Read More]
WHEN GOVERNMENTS STRANGLE MARKETS
Posted by Leonard Steinberg on October 8th, 2013 I had an interesting meeting earlier to-day with a group of international real estate leaders to gauge the current state of affairs in global ‘real estate land’: one message emerged that is truly of great concern, especially now as we enter the last phase of the New… [Read More]
THE $22 BILLION QUESTION
Posted by Leonard Steinberg on October 7th, 2013 There is lots of chatter surrounding estimates circulating that the volume of Manhattan new construction coming to the market or currently on the market totals over $20 billion. This figure addresses properties planned between now and the next 5 years, and to most this figure is alarming, conjuring… [Read More]
RISING DEVELOPMENT COSTS
Posted by Leonard Steinberg on October 6th, 2013 The other day while speaking at AVENUE’s SCHOOL (what an amazing place!) about the historical re-development of West Chelsea, I was asked why everything in new real estate is so expensive. Greed certainly comes to mind as the obvious answer and that certainly is part of the… [Read More]
GOVERNMENT SHUTDOWN CONTINUES
Posted by Leonard Steinberg on October 5th, 2013 As the government shutdown continues mostly dictated by opposition to Universal Health care, I have to ask the question: If its OK for us taxpayers to pick up the grossly inflated tab when an un-insured person walks into a Hospital emergency room, why is it not OK for… [Read More]
Posted on October 3rd, 2013 This weeks horrific biker gang incident highlights the unreal powers of motorcyclists in New York: do they exist above the law? It appears so. Only until now maybe have people come to realize just how lawless these road-terrorists really are. From a real estate perspective, I find the fact that… [Read More]
MARKET ST. RESTAURANT, RHINEBECK FEATURED IN ARCHITECTURAL DIGEST
Posted by Leonard Steinberg on October 1st, 2013 This month’s ARCHITECTURAL DIGEST features a story about the Rhinebeck/Hudson area where I co-own a wonderful restaurant, MARKET STREET…featured in the article!
224 MULBERRY IS LOOKING REALLY GOOD!
Posted by Leonard Steinberg on October 1st, 2013 Just saw 224 Mulberry Street, the FLANK-developed and designed new NOLITA condo, and it looks REALLY good.
GOVERNMENT SHUTDOWN: WHERE IS A THIRD PARTY WHEN WE NEED ONE?
Posted by Leonard Steinberg on October 1st, 2013 Its official: our beloved government has failed again to reach a compromise in their negotiations mostly focused on Obamacare and a shutdown has resulted. Could this be avoided if we had a viable third party in government? Here are some facts to ponder: 1) The US deficit… [Read More]
150 CHARLES STREET CONSTRUCTION PROGRESS
Posted by Leonard Steinberg on September 30th, 2013 A quick-pic of 150 Charles Street construction progress, 2013’s most successful new building (by Cook + Fox for The Witkoff Group): looking good! Was a world record shattered when we sold $ 750 million in 3 months?