Posted by Leonard Steinberg on July 28th, 2014 Robert Reffkin, co-founder of URBAN COMPASS on BLOOMBERG TV this morning: http://www.bloomberg.com/video/urban-compass-raises-40-million-wQX3TpTYRNS~IIv1G8JFwg.html
GOOD NEWS RELATED TO DEBT
Posted by Leonard Steinberg on July 1st, 2014 Alexander Bank on my team brought this Bloomberg article to my attention: Landlords are paying off more boom-era loans early, chipping away at $316 billion of debt maturing through 2017 that has loomed over the commercial-mortgage backed securities market since the credit seizure six years ago. Owners… [Read More]
THE COST OF OBESITY
Posted by Leonard Steinberg on February 26th, 2014 So many New Yorkers were outraged by Mayor Bloomberg’s efforts to curb obesity by posting nutritional and caloric content with all foods sold (now a world-wide trend), limiting the size of sugary sodas, banning trans-fats, etc. They said he was being too invasive with people’s ‘rights’, yet… [Read More]
THE ROLLER COASTER 2000's
Posted by Leonard Steinberg on February 16th, 2014 The world keeps asking “what’s next?” With over 20,000 high priced apartments currently under construction, that is a fair question. Many Manhattan developers who very recently talked about $ 2,000/sf are now talking $ 3,000/sf. “DUBAI 57”, the 57th Street corridor that looks a wee bit like… [Read More]
MAYOR DE BLASIO: THE FIRST WEEK
Posted by Leonard Steinberg on January 8th, 2014 Mayor de Blasio has been in office now for just one week: many are already saying “I told you so!” after the rather divisive and disrespectful tone of his inauguration and the disappointing snow clean-up of Manhattan that was relegated to second priority after the outer boroughs, even though… [Read More]
CONTINUUM TOWER FOR FLATIRON/MADISON PARK?
Posted on December 24th, 2013 On the heels of One Madison Park’s enormous success (Yoko Sanada on our team is currently selling a unit there), is more news about developer Ian Bruce Eichner’s planned neighbor, 41 East 22nd Street….possibly the first New York Continuum? Eichner had great success with the Continuum Towers in Miami that… [Read More]
A GREEN THANKSGIVING: DE BLASIO’S GREEN VISION FOR NEW YORK
Posted by Leonard Steinberg on November 27th, 2013 Thankfully under Mayor Bloomberg’s outstanding leadership New York City has been a shining light in green initiatives to save energy, protect the environment, and build green jobs for our economy. Bill de Blasio intends to build on that history and expand sustainability initiatives throughout the five boroughs…. [Read More]
STATEN ISLAND’S GOT THE (GREEN) POWER!
Posted by Leonard Steinberg on November 25th, 2013 Staten Island is about to deliver some power to the area: Between 30,000 to 35,000 solar panels will be installed on 47 acres at Freshkills Park. The land will then be leased to SunEdison Inc., a solar energy company that won the bid for the project. The project… [Read More]
MORE CABS COMING TO NEW YORK, BUT….
Posted by Leonard Steinberg on November 15th,2013 About 200 more cabs will hit the New York streets after an auction yesterday for new medallions, the first since 2008. Bidders, restricted to medallions for wheelchair-accessible vehicles, offered as much as $1.26 million for a single placard, which permits the holder to operate one of the city’s 13,000… [Read More]
MAYOR-ELECT DE BLASIO AND TAXES: THE REALITY?
Posted by Leonard Steinberg on November 6th, 2013 Its official: Bill de Blasio is the mayor-elect of New York City. Getting elected was relatively easy, but now its down to work. He is smart enough to know that botching Bloomberg’s successes will almost certainly lead to a fiscal mess and prevent the very things that… [Read More]