Posted by Leonard Steinberg on October 29th, 2012 As I sit observing white crested waves on the Hudson River, bracing for the worst of Hurricane Sandy, there are some real estate lessons to be learned. We all know that waterfront property has its risks, so in that is nothing new. But why is it that… [Read More]
VEGAS’ STEVE WYNN BUYS AT THE PLAZA
The Wall Street Journal reported that Steve Wynn (boss of Wynn Resorts)has bought the penthouse at the famed PLAZA HOTEL in Manhattan for about $ 23 million from developer EL-AD…..thats a little over $ 4,000/sf which is actually a good price for a park-facing apartment in a condominium with outdoor space and panoramic views. The 5,600sf… [Read More]