Seeing the magnificent Westfield mall re-open at the World Trade Center almost 15 years after the horrific 9/11 tragedy reminds us all that sooner or later most things can recover fully from a horrible event. 365,000 square feet of retail space with over 100 stores are expected to generate $1 billion in annual sales. Recovery… [Read More]
REFLECTING ON 9/11 A DOZEN YEARS LATER
Posted by Leonard Steinberg on September 11th, 2013 Its a dozen years since the horrific attacks of 9/11: since then New York and our world has changed forever, so here are some observations of the effects of 9/11 from a real estate (and human)perspective: 1) SECURITY remains an on-going, daily concern. We are reminded… [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]