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]
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]
THE NEW YORK "BRIC BUYER": IS BRIC THE NEW EURO?
Posted by Leonard Steinberg on January 12th, 2012 To-day revealed that a single Chinese buyer has gone to contract on FOUR apartments at One 57, the Extell developed tower rising on 57th Street between 6th and 7th Avenues with average pricing starting in the $ 5,000/sf range. Another Russian buyer was also identified. These BRIC… [Read More]