THE ROLLER COASTER DECADE It is becoming increasingly apparent that we live in turbulent times: the see-sawing we are experiencing in markets (and life in general) appear more acute and exaggerated these days, and I fear we have entered a decade of constant ups and downs. With every bit of good news that emerges, so… [Read More]
THE WEALTHY TALK….GUILT-FREE.
According to a recent post in FORBES, America’s richest are spending less cash, and they are being more choosy about the products they actually buy. The Survey of Affluence and Wealth in America 2010 — a creation of American Express Publishing and the Harrison Group — polled about 2,400 people from the richest 10% of… [Read More]
WEST SIDE/CHELSEA GET CONNECTED TO MIDTOWN WITH 7 SUBWAY EXPANSION.
West Chelsea and the hudson Yards on Eleventh Avenue will be connected to midtown by the # 7 subway expansion: In what City Council Speaker Christine Quinn on Thursday called “a great day for the West Side and the future of New York City,” the year-long tunneling project on the Number 7 subway line expansion… [Read More]
MANHATTAN EMPLOYMENT GREEN ($$$) SHOOTS
Indicators from Wall Street would say that what is probably the defining source of Manhattan’s luxury real estate market should be in good shape going forward….. The financial work force in New York has shrunk by more than 28,000 since its peak in January 2008, but is still slightly above its level in 2003 after… [Read More]