Posted by Leonard Steinberg on June 30th, 2011 The Witkoff Group won in the bidding for the Toy Building, the Madison Square Park landmark once slated to be condominiums by developer Yitzhak Tessler. Supposedly the bidding was fierce with competitive bidders S.L. Green and Macklowe losing out on the purchase of this magnificent structure that… [Read More]
BANK OF AMERICA EXITS RESIDENTIAL MORTGAGE MARKET
As first reported on LUXURYBLURB a few days ago, Bank of America has exited the wholesale residential lending market, cutting off its business with mortgage brokers, the bank announced yesterday. “After receiving $ 45 BILLION in TARP funding from the US Governemnt/taxpayers, BOFA was one of the first banks to re-pay this debt,” says Leonard… [Read More]
JOB CREATION IN NEW YORK CITY BEATS REST OF US.
CRAIN’s reports: After more than a year in which Greenhouse IT couldn’t land a single sales meeting, the company has finally gotten its foot in the door at city businesses over the past three months to pitch its workstation, server and network-management services. “The good news is, companies are ready to talk,” says Simon… [Read More]
WHERE IS THE OUTRAGE? BOX OFFICE BS?
It was announced to-day that the cost of a movie theater ticket will rise from anywhere between 5% and 25%….this after a record-breaking 2009 where profits surged over $ 10 billion. Hmmmmmm….. This will probably affect more American’s pockets than any tax of any kind. So where is the outrage? There was outrage about the… [Read More]