Posted by Leonard Steinberg on March 15th, 2015 New York has ousted London amid growing regulation, scandals and EU concerns as the world’s top financial center. The top 4 cities in the twice-yearly survey by consultancy Z/Yen Group remain the same: London, New York, Singapore and Hong Kong. London has held on to the lead over New… [Read More]
DAILY NEWS ARTICLE ABOUT 560 WEST 24th STREET
Posted by Leonard Steinberg on March 14th, 2014 Great article about 560 West 24th Street in this morning’s DAILY NEWS: http://nydn.us/1goCJjZ
$14.1 BILLION WALL STREET TAXES COLLECTED FOR NEW YORK CITY AND STATE TAX COFFERS
Posted by Leonard Steinberg on March 13th, 2014 Wall Street’s profits in 2013 were the seventh-largest ever: the combined profits of Goldman Sachs, JPMorgan Chase and other banks and brokers fell by 30% and revenues across the industry were flat, yet New York City collected $3.8 billion in Wall Street-related taxes last year, the second most ever!… [Read More]
DOES AFFORDABLE HOUSING MEAN RENTAL HOUSING?
Posted by Leonard Steinberg on March 9th, 2014 As the cries for AFFORDABLE HOUSING grow in a city where labor, land and material costs keep escalating, it is probable that the only real solution for affordable housing is RENTAL housing. The percentage of new homes being built as rental apartments is at the highest level… [Read More]
MAYOR DE BLASIO: THE TEACHER’S UNION SOLDIER?
Posted by Leonard Steinberg on March 8th, 2014 Mayor de Blasio’s intense focus on the destruction of New York’s highly successful Charter School program begs the question: what are our Mayor’s priorities? Charter Schools have been a huge success and only cater to around 70,000 kids, or 7% of the system. For a mayor who… [Read More]
GLOBAL SUPER-RICH ARE RICHER AND NEW YORK IS ‘CHEAPER’!
Posted by Leonard Steinberg on March 7th, 2014 Today the Euro is trading around 1.39 to the dollar and the pound about 1.67, making New York increasingly ‘cheaper’ for the global rich who have grown in numbers over the last year as the world’s economies expand. Those Ultra High Net Worth Individuals whose combined assets… [Read More]
ART AND REAL ESTATE
Posted by Leonard Steinberg on March 6th, 2014 The Art Shows are in town and the next few days in Manhattan will be verrrrry art-focused. As always, the art crowd at the Armory Show were quite ‘arty’, mostly adorned from head-to-toe in black with seriously serious conversation the order of the day. I enjoy looking… [Read More]
THE NEW YORK BUILDING BOOM IS BACK!
Posted by Leonard Steinberg on March 4th, 2014 If you thought every block in New York was experiencing construction, you are right: the word on HOUSING PERMITS is in and it indicates a return to pre-recessionary construction levels. The combined number of New York City housing construction permits jumped 71% last year, even though the… [Read More]
LUXOFLATION: THE WORLD JUST TUNED IN
Posted by Leonard Steinberg on March 3rd, 2014 The World has finally caught onto what I have been talking about for years – LUXOFLATION – the excessive inflation on luxury products, including real estate. In this morning’s Wall Street Journal, an article addresses the subject specifically related to retail. Despite expanding into new markets, the… [Read More]
5 INSANE DOUBLE STANDARDS
Posted by Leonard Steinberg on March 1st, 2014 Here are some crazy double standards to ponder….. 1) NSA whistle-blower Edward Snowden has sought refuge in Russia (the world’s shining bastion for human rights) from the abusive horrors of the US spying on its citizens…..while Mr. Putin boasted during the Sochi Olympics that every e-mail, text and phone call… [Read More]