Posted by Leonard Steinberg on September 17th, 2013 Read this NY DAILY NEWS article covering the often disgraceful welcome to our city at JFK customs: surely visitors (and tax-paying New York City residents)are entitled to better service in a first world country, not to mention a world center? Surely for the amount of taxes we pay… [Read More]
IS JANET YELLEN THE FED CHAIRMAN CANDIDATE OF CONTINUITY?
Posted by Leonard Steinberg on December 15th, 2013 Is the important question of who the next Fed chief will be on the ‘unknowns’ checklist item about to be answered? It appears so: Stock index futures soared this morning as investors bet that Larry Summers withdrawal as a candidate for the chairman of the Federal Reserve could mean… [Read More]
WILL 140 WEST STREET BE WALKER TOWER SOUTH?
Posted by Leonard Steinberg on September 12th, 2013 Ben Shaoul of Magnum Real Estate has purchased the upper floors of the magnificent Verizon building located at 140 West Street, a building very similar to the Verizon building that became Walker Tower. This superb Art Deco landmark sits alongside the Freedom Tower, nestled between Tribeca and… [Read More]
REFLECTING ON 9/11 A DOZEN YEARS LATER
Posted by Leonard Steinberg on September 11th, 2013 Its a dozen years since the horrific attacks of 9/11: since then New York and our world has changed forever, so here are some observations of the effects of 9/11 from a real estate (and human)perspective: 1) SECURITY remains an on-going, daily concern. We are reminded… [Read More]
FASHION WEEK AND NEW YORK CITY REAL ESTATE
Posted by Leonard Steinberg on September 10th, 2013 FASHION WEEK in New York City is a reminder of how important this industry is to the welfare of our city. These fashion shows alone bring in hundreds of millions of dollars in production, venue rental, equipment rental, media, tech, travel and hotel revenue. While the fashion… [Read More]
PETER MARINO PARTNERS UP WITH SHVO IN WEST CHELSEA
Posted by Leonard Steinberg on September 9th, 2013 I have heard that leather-bound uber-interior designer Peter Marino has been hired by Michael Shvo (for many millions!)to design the building on the corner of West 24th Street and Tenth Avenue (this has to be the hottest block anywhere!), once home to the Getty gas station, and… [Read More]
THE SHVLAWN COMES TO WEST CHELSEA
Posted by Leonard Steinberg on September 9th, 2013 The Shvo SHVEDGE on West Chelsea’s uber-block on West 24th street has come down to reveal a fence and lawn….or SHVLAWN! What’s next? And how much more money will be spent on marketing even before this building is designed?
IS MONACO REAL ESTATE CHEAP FOR THE SUPER-RICH?
Posted by Leonard Steinberg on September 5th, 2013 I recently visited Monte Carlo, the wealthiest country/principality in the world with ZERO unemployment and per capita income of around $183,150.00, to tour TOUR ODEON the brand new ultra-luxurious, amenity and services laden 49-storey residential tower being built at the border of Monaco and France. My initial impression… [Read More]
INSANITY FROM ACROSS THE POND?
Posted by Leonard Steinberg on August 25th, 2013 My jaw dropped as I ate breakfast this morning reading the Times on the terrace over-looking vistas of stone structures with clay tiled roofs, pristine vineyards, lavender and cypress trees in the Luberon Valley (nature in perfect harmony with architecture)…..In an attempt to boost the housing market… [Read More]
WHEN THE FED STARTS TO TAPER QUANTITATIVE EASING…..
Posted by Leonard Steinberg on August 19th, 2013 It is a certainty that quantitative easing will be tapered: it is not a question of if, as much as when. It’s a new world for what tapering could mean for the markets as we have no historical benchmark. Is tapering an indication that the economy is improving?… [Read More]