Posted by Leonard Steinberg on August 22nd, 2013 Bonjour! Strolling through the City of Lights is always a treat, and this time is no exception. Here are some Parisian observations that may be of use to us in New York City…. 1) West Chelsea and all of New York need food stores like MONPRIX…..perfectly… [Read More]
HOTELS FIGHT AIRBNB: THE 'SHARING ECONOMY' IS UNDER ATTACK!
Posted by Leonard Steinberg on August 20th, 2013 Have you noticed your neighbor hosting a lot of ‘guests’ at their apartment recently? They may just be running a little home-made B + B next door to you, and the hotel industry does not like the competition one bit! How dare anyone compete with their over-priced,… [Read More]
ZILLOW TO BUY STREETEASY
Posted by Leonard Steinberg on August 19th, 2013 Zillow, the mega-brand national real estate search engine has announced it will be buying STREETEASY for an estimated $ 50 million, the site so many New Yorkers have relied on for all sorts of data brokers used to hold as exclusive domain. Zillow, which has been successful… [Read More]
WHEN THE FED STARTS TO TAPER QUANTITATIVE EASING…..
Posted by Leonard Steinberg on August 19th, 2013 It is a certainty that quantitative easing will be tapered: it is not a question of if, as much as when. It’s a new world for what tapering could mean for the markets as we have no historical benchmark. Is tapering an indication that the economy is improving?… [Read More]
40 RIVERSIDE BOULEVARD DISCRIMINATION OR SOCIALISM?
Posted on August 18th by Leonard Steinberg The POST is making front page news again about the subject of a new building planned for the Upper West Side (40 Riverside Boulevard)where those paying market rates will have a separate entrance from those paying sharply lower rental rates for an affordable housing component of the building: Extell is seeking millions… [Read More]
THE SHVEDGE
Posted on August 15th, 2013 Michael Shvo’s controvercial site (with VICTOR HOMES) for a new condominium in West Chelsea at the corner of Tenth Avenue and West 24th Street has produced a new “first” already (although some may argue that its ‘first’ is being the most-over-paid-for site): THE SHVEDGE….a bank of evergreens forming a hedge that… [Read More]
MOLDY SUBWAY CEILINGS UNDER FIFTH AVENUE!
Posted by Leonard Steinberg on August 14th, 2013 This is what the ceilings of the subway station on Fifth Avenue at 53rd Street look like….not very chic I would say! What is more shocking are the thousands of New Yorkers who pass under this every single day and never look up to see whats lurking above… [Read More]
EUROPEAN ECONOMY REBOUNDS: EUROPEAN BUYERS RETURNING TO NYC?
Posted by Leonard Steinberg on August 14th, 2013 It appears the European economy is rebounding: The German and French economies grew faster than the United States in the second quarter, pulling the Euro Zone out of its longest recession. Growth in the 17-country bloc was 0.3 percent from the previous quarter, with its two biggest economies both… [Read More]
TARGET COMING TO WEST CHELSEA!
Posted by Leonard Steinberg on August 13th, 2013 Great news for West Chelsea and New York: Super-cool big-box retailer TARGET is coming to 25th Street between 10th and 11th Avenues. A new concept store will be housed next to super-cool car manufacter TESLA. I guess that makes West Chelsea even more cool than a few… [Read More]
INSANE BEIJING PENTHOUSE REMINDS US OF MANHATTAN ABUSES
Posted by Leonard Steinberg on August 13th, 2013 A Chinese medicine mogul spent six years building his own private mountain peak and luxury villa atop a high-rise apartment block in Beijing, now known as “most outrageous illegal structure.” Authorities have finally stepped in and given hime 15 days to tear it down. The eccentric complex… [Read More]