Posted by Leonard Steinberg on February 9th, 2013 We just started marketing 150 CHARLES STREET, and to say the response to the building is overwhelming would be a complete under-statement: I am stunned that there are so many buyers with so much money anxious to commit to a floorplan and renderings and wait over 2… [Read More]
CAN UNREGULATED GROWTH KILL?
Posted by Leonard Steinberg on January 4th, 2013 While we tend to complain about the quality of air in New York, many things are being done that are truly effective in reducing harmful emissions. Aside from the electric hybrid busses, converting building boilers away from that black smoke belching oil, hybrid government vehicles, etc some… [Read More]
NEW YORK NEW DEVELOPMENT: THE NEXT CHAPTER
Posted by Leonard Steinberg on January 12th, 2013 In the coming weeks and months, over 7,000 units of new construction LUXURY apartments will be coming to the market in New York……that is a VAST number of units and will significantly alter the bland inventory landscape we are currently experiencing. While one could argue that the… [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]
THE NEXT BIG BUILDING AMENITY: ULTRA-SECURITY?
Posted by Leonard Steinberg on September 28th, 2011 With the development of new high end residential buildings such as Extel’s One 57, 150 Charles Street, the Rudin’s St. Vincent’s buildings, One Madison Park, 212 West 18th Street, etc roaring back to life in Manhattan, the question always arises at the marketing meetings: what is the… [Read More]
NEW YORK CONSTRUCTION COSTS/ECONOMY SET TO RISE?
Posted by Leonard Steinberg on July 8th, 2011 The past few weeks have been a hive of activity with developers snapping up development sites throughout the city: yes, the new development market is waking up and it is waking up with a LOUD BANG. These are some of the projects in the pipeline: The Drake… [Read More]