Posted by Leonard Steinberg on February 2nd, 2012 As I peered up towards the new AVENUE’s WORLD SCHOOL earlier to-day while evaluating an exciting new townhouse project, I wondered how on earth they would be ready for the August 2012 enrollment….there certainly is a constant hive of construction activity daily, but this is a very… [Read More]
WANT TO SEE A BUBBLE IN THE MAKING? WATCH FACEBOOK…..
Facebook is a bubble in the making
HEARD DURING A REALLY BUSY SUNDAY IN NEW YORK REAL ESTATE LAND….
Posted by Leonard Steinberg on January 29th, 2012 To-day had to be one of the very busiest Sunday’s in New York real estate in a long time…at least since the 2007/2008 peak. I did 12 appointments, a record amount even compared to a busy week-day. The buyers were all 100% serious and focused. And the… [Read More]
THE POST OFFICE FIGHTS EVOLUTION
Posted by Leonard Steinberg on January 28th, 2012 As I look out of my window in the distance I see a large U. S. Post Office facility and it reminds me of the on-going debacle that is the Post Office. I speak on this subject from a real estate perspective living in an area (West… [Read More]
DENISE RICH’S 785 FIFTH AVENUE PENTHOUSE FOR SALE: NEW YORK’S MOST EXPENSIVE CO-OP?
Posted by Leonard Steinberg on January 27th, 2012 Denise Rich, a songwriter for Celine Dion, Chaka Khan, Diana Ross, Mandy Moore/billionairess/heiress/divorcee, has placed her 785 Fifth Avenue penthouse, scene to numerous swell gatherings over the years, on the market for sale for $ 65 million, making it New York’s most expensive co-op listing…… the recent $ 88… [Read More]
GDP GROWS 2.8% IN FOURTH QUARTER 2011: UP 1.1% FROM THIRD QUARTER
Posted by Leonard Steinberg on January 27th, 2012 GDP figures for the fourth quarter of 2011 were announced this morning and fell just slightly shy of estimates, although they were up 1.1% over the GDP of the third quarter. Consumer spending rose 2%: The great news was that housing investment rose significantly more than the… [Read More]
RATES TO REMAIN LOW TILL LATE 2014 SAYS THE FED
Posted by Leonard Steinberg on January 25th, 2012 Some good news for the real estate markets (and markets in general): To-day the Federal Reserve pushed back the likely timing of an eventual interest rate hike until late 2014, much later than it had previously said, as it nurses a still-sluggish economic recovery. In a historic… [Read More]
THE STATE OF THE UNION…..
= Posted by Leonard Steinberg on January 24th, 2012 Last night I had a conversation with a seller: we were trying to establish ‘the state of the deal’ to figure out solutions for a host of issues in an attempt to make a sale……I made it very clear that unless we outlined all the issues… [Read More]
MORE THAN JUST GREEN SHOOTS: A RECOVERY IS WELL UNDER WAY
Posted by Leonard Steinberg on January 23rd, 2012 A recovery is under way. And now there is absolutely no doubt about it. I hear it from my very wealthiest clients most of whom are scrambling to put deals together before prices rise. I even heard one say the other day he was willing to pay… [Read More]
KARDASHIAN POPULARITY OR REAL SUBSTANCE?
Posted by Leonard Steinberg on January 22, 2012 With Newt Gingrich’s remarkable surge in the South Carolina caucuses, I have to ask the following question: did he win on substance, or on the soundbite mentality that has overtaken our society? Is Newt really more qualified to be president than Mitt Romney? What exactly in Thursday’s… [Read More]