Posted by Leonard Steinberg on August 19th, 2013 Zillow, the mega-brand national real estate search engine has announced it will be buying STREETEASY for an estimated $ 50 million, the site so many New Yorkers have relied on for all sorts of data brokers used to hold as exclusive domain. Zillow, which has been successful… [Read More]
CORPORATE PROFITS GROW WITHOUT CREATING JOBS
Posted by Leonard Steinberg on March 4th, 2013 Corporate profits have grown strongly over the past few years, yet job growth has not. We are in a golden age for corporate profits, especially among multinational giants that are also benefiting from faster growth in emerging economies like China and India. These factors, along with the Federal… [Read More]
DOES GOOD WEATHER FUEL OPTIMISM IN REAL ESTATE MARKETS?
Posted by Leonard Steinberg on February 22nd, 2012 Is unseasonable good weather fueling this strong market? Home resales rose to a 1-1/2-year high in January, pushing the supply of properties on the market to the lowest level in almost seven years in a hopeful sign for the housing sector. The NAR said today existing home… [Read More]
GRIDLOCK HIGH TECH COMES TO MANHATTAN: MAN vs. TECH
Posted by Leonard Steinberg on July 19, 2011 The traffic clogged heart of Manhattan is getting a state-of-the-art bypass operation — with city engineers now directing Midtown traffic flow by typing a few keys in a Queens control room. Mayor Bloomberg yesterday launched the first-of-its-kind, real-time, congestion-busting system, which allows the engineers to control traffic lights… [Read More]
DOWNTOWN! Manhattan’s favored suburb. Convenience is the new luxury.
Is Downtown Manhattan the new New York SUBURB? With 200 Eleventh Avenue, you have a garage attached to your own apartment……many full-full service buildings are becoming similar to suburban ‘gated communities’ affording even more conveniences than their suburban counterparts….think 101 Warren Street with its own Whole Foods, Bed Bath and Beyond and Barnes and Noble IN… [Read More]
IRAN + VENEZUELA’S WORST NIGHTMARE?
When is this clever idea coming to the USA with its MILLIONS of square feet of parking spaces in sunbelt areas? Imagine every Wallmart and Home Depot, not only providing shade to all its parked cars to reduce their need for that initial AC blast, but also producing enough power from the overhead SOLAR PANELS… [Read More]