Posted by Leonard Steinberg on September 18th, 2012 So while war is raging throughout the world, our economy is about to head over ‘the fiscal cliff’, and more, world headlines are focused on the topless photos taken of Kate Middleton sunning herself in Provence. Topless tanning in France is pretty standard. Taking excessive photos of… [Read More]
WALKER TOWER $50m PENTHOUSE FINDS A $ 95m BUYER: RUMOR OR REALITY?
Posted by Leonard Steinberg on September 17th, 2012 Rumor has it that the $ 50 million penthouse at 212 West 18th Street (Walker Tower) has gone to contract with a rather rich oil+gas guy from Texas…..and the rumor goes further ….that he combined additional units to make a $ 95m combination penthouse. If this rumor is true, this… [Read More]
BERNANKE DELIVERS GREAT NEWS FOR REAL ESTATE
Posted on September 14th by Leonard Steinberg Fed. chief Ben Bernanke delivered some great news for the financial markets and especially real estate land: he plans on keeping interest rate low ‘well into 2015’: That bodes especially well for New York real estate buyers who currently confronted with ultra-limited inventory of existing apartments will feel… [Read More]
WALL STREET JOURNAL ADDRESSES SUPER-LUXURY MARKET
Posted by Leonard Steinberg on September 12th, 2012 The Wall Street Journal addressed Stribling’s Kirk Henkel’s sensationalist report on the super luxury market… http://online.wsj.com/article/SB10000872396390444554704577643841167613210.html?KEYWORDS=leonard+steinberg
EXTREMISM AND LIES WIN
Posted by Leonard Steinberg on September 12th, 2012 This mornings grotesque headline of the killing of the US Ambassador J. Christopher Stevens in Libya by a thuggish angry mob, leads me to believe that the extremists, liars and those who support them may actually be winning. An idiot produces an amateur video/movie mocking the prophet Mohammed…..a… [Read More]
SEPTEMBER 11th LESSONS
Posted by Leonard Steinberg on September 11th, 2012 Today as we remember those whose lives were lost on 9/11, and how everyone’s life was changed forever, certain lessons emerge: 1) After 9/11, Manhattan real estate stopped. Most thought the market would go into a freefall. Three months later the market bounced back with a force… [Read More]
GREENWICH VILLAGE: THE GILDED GHETTO?
Posted by Leonard Steinberg on September 5th, 2012 This month Vanity Fair termed Greenwich Village the “GILDED GHETTO”: is this the appropriate description of the neighborhood everyone, including foreigners, Uptowners and Downtowner’s, agree is the ultimate New York living environment? The area’s unique combination of (guaranteed) low lying buildings that provide the best light in… [Read More]
OUR CRAZY WORLD: WILL REAL ESTATE RESCUE GREECE IF THE EU WON’T?
Posted by Leonard Steinberg on August 24th, 2012 Now that I am on vacation in the hot-hot South of France, I have had more time to absorb the world’s craziness and get a better global perspective. While watching the BBC this morning, I caught up on world events and wanted to compare the following to… [Read More]
APPRAISAL INSANITY: THE NEW MATEMATICS IN REAL ESTATE APPRAISALS?
Posted by Leonard Steinberg on August 20th, 2012 A new insanity has reached our shores in “Appraisal-Land”: Yes, New York Real estate appraisers have come up with a new ‘SCIENTIFIC’ method for valuing apartments that is so absurd, ridiculous and stupid, it defies logic. This is what they are doing: The appraiser will come in for… [Read More]
MARKET ST: RHINEBECK’S NEW RESTAURANT TEACHES THE MOST IMPORTANT REAL ESTATE LESSON.
Posted by Leonard Steinberg on August 19th, 2012 A wonderful new restaurant just opened Upstate New York in Rhinebeck: Market St. (I am an investor, so naturally a bit biased) Last night, the second night, was nail-biting. Would people show up? Would the place be a success? The lesson learned is that a premium location… [Read More]