Posted by Leonard Steinberg, president of COMPASS, on March 14th, 2015 Traditionally, couples who lived in New York City migrated to the suburbs, or at least to the Upper East Side, to raise a family. This has changed drastically over the past decade. With the gentrification of Downtown neighborhoods, schools, parks, services, amenities and property… [Read More]
16% MORE MILLIONAIRES IN 2009
The millionaires’ club in the United States grew by 16 percent in 2009, following a 27 percent decline in 2008. Families with a net worth of at least $1 million, excluding primary residences, rose to 7.8 million in 2009, an increase from 6.7 million a year earlier, according to a survey of high-net-worth U.S. households… [Read More]
ABC KITCHEN – JEAN GEORGE’S LATEST.
Jean-Georges Vongerichten’s newest venture is ABC KITCHEN, a roughly 150-seat café inside ABC Carpet & Home that will serve breakfast, lunch and dinner and fresh juices at a juice bar with a ‘from farm-to-kitchen’ mindset. Located steps off Union Square in the Flatiron District, Vongerichten worked with ABC CEO Paulette Cole on the design,… [Read More]
LUXURYLETTER MARCH 2010: WHAT'S THE MARKET UP TO?
In this month’s LUXURYLETTER ( see www.luxuryletter.com) the reports indicate a moderately healthy market, with strong activity on the higher end of the Manhattan Downtown luxury market. Signed contract and closing activity levels are healthy, and pricing for the most part is stable, although drops have been seen in some areas: this does not necessarily… [Read More]