UBS moving back to New York?
GREENWICH CONNECTICUT SUPER-LUXE MARKET STALLED
Posted by Leonard Steinberg on May 30th, 2011 Bloomberg reports that homes priced at $10 million and above are accumulating on the market in Greenwich, Connecticut, a town about 30 miles (48 kilometers) north of Manhattan that’s known as the U.S. hedge fund capital. They’re moving so slowly that it would take more than four years… [Read More]
NO ONE IS BUILDING STUDIOS…
Posted by Leonard Steinberg on May 26th, 2011 I just went over the stats analysis and noticed an interesting factoid: The vast majority of studios that have traded in Manhattan in the past months are co-ops not condos, which leads me to believe developers are avoiding building them. I don’t think the day of the studio… [Read More]
MY WAR ON CABS
Posted by Leonard Steinberg on April 9, 2011 Cabs in New York City have become expensive. Still they are not nearly as expensive as those in London or some other cities. I don’t particularly mind paying for this service as it is one that I find extremely convenient and efficient. I had thought of getting… [Read More]
AMERICAN IDOL REPORTING
Posted by Leonard Steinberg on April 9, 2011 This week, Amercan Idol fans were shocked when one of the shows biggest talents, Pia, was voted off the show…..it was another reminder of the dangers of mass tastes dictating. Without Simon Cowell, the judges superficial, uneducated, Jenny-from-the-block evaluation failed us all. I feel the same way about real… [Read More]
THE IMPORTANCE OF GOOD SLEEP AND A GOOD BEDROOM
Posted by Leonard Steinberg on April 6, 2011 The Wall Street Journal just reported on that small segment of society that thrives on very, very little sleep. However, out of every 100 people who believe they only need five or six hours of sleep a night, only about five people really do. The rest end… [Read More]
THE DISPARITY BETWEEN THE RICH TODAY AND 30 YEARS AGO…..
Posted by Leonard Steinberg on April 3rd, 2011 In 1980, the average CEO earned 42 times the average worker, according to the Institute for Policy Studies. In 2009, the multiplier had skyrocketed to 263. Has the disparity in wealth and incomes between the very rich and the working classes become a global hot button issue… [Read More]
BUILDING CONDO/CO-OP BOARD OVERSIGHT?
Posted by Leonard Steinberg on April 1, 2011 No, this is not an April Fool’s joke: All of us in New York have either heard of or experienced first hand the outrageous behavior of a co-op board, and yes, even a CONDO board. This morning the New York Times reports that a bill now before… [Read More]
LUX-CRITIQUE: The proposed addition to Chelsea Market
Posted by Leonard Steinberg on March 26, 2011 This is our first critique of a building…..Last week Jamestown Properties made a presentation to Community Board 4 showcasing the proposed addition to the rooftop of Chelsea Market which involved an additional 90,000sf for a boutique hotel and about 250,000sf for office space. While I think it is… [Read More]
OVERHEARD IN THE MARKET…THE BILLIONAIRE BUYER IS BACK!
Posted by Leonard Steinberg on March 23, 2011 Overheard tonight at a little gathering in a swell penthouse overlooking all of Manhattan, amidst dramatic lightening and ice/hail….A 3-unit combination apartment st THE PLAZA has gone to contract for around $ 48million….and a rather swell pad at TIME WARNER has gone to contract for around $… [Read More]