Posted by Leonard Steinberg on February 15th, 2012 New York is the 47th most expensive city in the world…huh? Zurich took over from Tokyo as the world’s most expensive city to live in: that is what the Economist Intelligence Unit’s most recent world-wide cost-of-living survey says, even though it is somewhat difficult to believe. Of course… [Read More]
PROOF OF THE #7 SUBWAY EXTENSION TO 34th STREET @ 11th AVENUE
Posted by Leonard Steinberg on February 14th, 2012 A perfect Valentine’s gift came to-day in the way of proof that the West Side of Midtown will no longer be isolated from the rest of Manhattan: the tunnel connecting 11th Avenue and 34th Street and Times Square is completed and now the finishing process has begun… [Read More]
IS FIRST CLASS THE NEW MIDDLE CLASS?
Posted by Leonard Steinberg on February 12th, 2012 I just read an article in the New York Times that confirms domestic First Class on airlines is just a slightly bigger, wider version of the horrific Coach class airlines offer to fliers, regardless that they are spending triple or more for their seat. In fact, the perks for… [Read More]
THE MEGA-MANSION RISES AGAIN….EVEN IN NEW YORK
Posted by Leonard Steinberg on February 11th, 2012 While the Occupy Wall Street movement exposed the deep divide between the 1% and the 99%, bonuses dropped sharply even for some of the wealthiest and President Obama announced a new budget that includes raised taxes on the wealthy, the super-wealthy have been building some exceptionally large houses around the… [Read More]
MADONNA’S SUPER BOWL NOUVELLE 50 REAL ESTATE MESSAGE?
Posted on February 4th, 2012 by Leonard Steinberg. In a desperate attempt to find a lighter topic for a newsworthy real estate post, to-day I am trying to find meaning in the story of the weekend….SUPER BOWL. Yes, even I know its Super Bowl this weekend, although my attention is mostly focused on the half-time… [Read More]
WEST CHELSEA'S AVENUES WORLD SCHOOL IS LOOKING GOOD!
Posted by Leonard Steinberg on February 2nd, 2012 As I peered up towards the new AVENUE’s WORLD SCHOOL earlier to-day while evaluating an exciting new townhouse project, I wondered how on earth they would be ready for the August 2012 enrollment….there certainly is a constant hive of construction activity daily, but this is a very… [Read More]
HEARD DURING A REALLY BUSY SUNDAY IN NEW YORK REAL ESTATE LAND….
Posted by Leonard Steinberg on January 29th, 2012 To-day had to be one of the very busiest Sunday’s in New York real estate in a long time…at least since the 2007/2008 peak. I did 12 appointments, a record amount even compared to a busy week-day. The buyers were all 100% serious and focused. And the… [Read More]
THE POST OFFICE FIGHTS EVOLUTION
Posted by Leonard Steinberg on January 28th, 2012 As I look out of my window in the distance I see a large U. S. Post Office facility and it reminds me of the on-going debacle that is the Post Office. I speak on this subject from a real estate perspective living in an area (West… [Read More]
DENISE RICH’S 785 FIFTH AVENUE PENTHOUSE FOR SALE: NEW YORK’S MOST EXPENSIVE CO-OP?
Posted by Leonard Steinberg on January 27th, 2012 Denise Rich, a songwriter for Celine Dion, Chaka Khan, Diana Ross, Mandy Moore/billionairess/heiress/divorcee, has placed her 785 Fifth Avenue penthouse, scene to numerous swell gatherings over the years, on the market for sale for $ 65 million, making it New York’s most expensive co-op listing…… the recent $ 88… [Read More]
GDP GROWS 2.8% IN FOURTH QUARTER 2011: UP 1.1% FROM THIRD QUARTER
Posted by Leonard Steinberg on January 27th, 2012 GDP figures for the fourth quarter of 2011 were announced this morning and fell just slightly shy of estimates, although they were up 1.1% over the GDP of the third quarter. Consumer spending rose 2%: The great news was that housing investment rose significantly more than the… [Read More]