Posted by Leonard Steinberg on October 2nd, 2011 Yesterday while most of Wall Street was away enjoying the first weekend of Fall 2011 in the Hampton’s, 700 Protesters were arrested for blocking the Brooklyn Bridge, protesting all sorts of things especially Wall Street GREED. Isn’t this a bit old-fashioned in the age of Twitter-heads and Facebookers? I… [Read More]
WHEN REAL ESTATE BECOMES ART
Posted by Leonard Steinberg on September 29th, 2011 Have you walked the HIGHLINE PARK by 245 Tenth Avenue recently? If so, you will see a light installation called REMOTE NATION by artist Kevin Cooley that is really rather exceptional. All West facing windows overlooking The Higline Park emanate light transmitted by dozens of televisions placed… [Read More]
IS THE NEXT NEW YORK BUILDING BOOM UPON US?
Posted by Leonard Steinberg on September 28th, 2011 As New York luxury residential real estate construction awakes from its slumber, we should prepare ourselves for another building boom in the city. Assuming construction financing flows and no major financial or political crisis hits, this could be very good for construction employment in the city. Already,… [Read More]
THE NEXT BIG BUILDING AMENITY: ULTRA-SECURITY?
Posted by Leonard Steinberg on September 28th, 2011 With the development of new high end residential buildings such as Extel’s One 57, 150 Charles Street, the Rudin’s St. Vincent’s buildings, One Madison Park, 212 West 18th Street, etc roaring back to life in Manhattan, the question always arises at the marketing meetings: what is the… [Read More]
JOEL OSTEEN PREACHES REAL ESTATE
Posted by Leonard Steinberg on September 26th, 2011 Yesterday while on the treadmill I came across the Joel Osteen show…..yes that perennially grinning Joel Osteen preacher from Houston who broadcasts weekly from his Houston arena-sized mega-church….and I actually think a lot of his message is really quite good. It’s not too judgmental, angry or dark…. [Read More]
$ 13,700/sf FOR TIME WARNER APARTMENT?
Posted by Leonard Steinberg on September 19th,2011 The penthouse at the Time Warner Center has come back on the market again,this time with a jaw-dropping asking price of $ 60 million…..or almost $ 14,000/sf…..for a penthouse without outdoor space. Is this crazy? Maybe, maybe not, but it certainly would come close to doubling previous records… [Read More]
A WEAKER EURO: HOW WILL IT AFFECT MANHATTAN REAL ESTATE?
Posted by Leonard Steinberg on September 19, 2011 The Euro has dropped from its $ 1.46 average to closer to $ 1.36, certainly a result of the ongoing financial turmoil in Greece, Italy, Spain and even France. European buyers have been a small but strong component of the Manhattan market in the past few years…..will… [Read More]
CITARELLA COMING TO WEST CHELSEA?
Posted on August 21st, 2011 The new EQUITY/Sam Zell rental building at 500 West 23rd Street may be bringing a worthy counter-balance to its rather mundane architecture to the West Chelsea neighborhood: rumor on the street is the ‘ultimate gourmet market’ Citarella may be the new street level retail tenant. With 5 locations currently in Manhattan and… [Read More]
GLOBAL CENTER GATED UBER-COMMUNITIES
Posted by Leonard Steinberg on August 12th, 2011 As the political climate shifts to a more conservative stance, and the almost certainty that Rick Perry will be the next USA president, the super-wealthy will continue to seek out homes within communities that protect and separate them from the increasingly volatile outside world. These gilded, gated… [Read More]
THE S & P DOWNGRADE AND LUXURY NEW YORK REAL ESTATE
Posted by Leonard Steinberg on August 6, 2011 The S & P downgraded the USA to AA+ credit rating from its previous top-notch rating of AAA, an embarrassment to the entire country for sure, but certainly nothing too un-expected considering the disgraceful political maneuverings in Washington….. the U.S. debt wasn’t downgraded because it didn’t have… [Read More]