So you felt sluggish through the Summer heat because of the heat? Think again. A city Department of Health study on summer air quality released yesterday showed a troubling finding: Even quieter neighborhoods that don’t have New York’s infamous crowds, traffic and skyscrapers suffer from high levels of smog…..and this bad air quality contributes greatly… [Read More]
ONE HYDE PARK: THE MOST EXPENSIVE APARTMENT IN THE WORLD SELLS.
And you thought New York was expensive? Think again. A six-bedroom, two-floor penthouse in the One Hyde Park development in Knightsbridge, London has sold for £140 million — equivalent to around $220 million — making it the world’s highest priced apartment sale, according to THE REAL DEAL. The buyer, who remains anonymous, will enjoy views of the London skyline,… [Read More]
3.5% Downpayment insanity?
The FHA has come out to guarantee mortgage loans on a few new buildings in Manhattan: While the idea is brilliant, and long overdue, the plan is a perfect example of how governments can take a great idea and muck it up really badly. As we exit (very slowly and grindingly and uncerytainly) from the worst… [Read More]
Luxury New York real estate is invading the media…. Supposedly, according to the NEW YORK POST, Brown Harris Stevens brokers, Brenda Powers and Elizabeth Sample, made it past the first cut of candidates to potentially join the cast of “The Real Housewives of New York City.” Kim G…..watch out! What about Jackie, Dolly? Hello????
STUYVESANT TOWN-PETER COOPER VILLAGE -15 Cents on the Dollar
In this morning’s POST, it is reported that New York hedge fund honcho Bill Ackman has set his sights on the beleaguered Manhattan apartment complex Stuyvesant Town-Peter Cooper Village — with an ambitious plan to wrest control of the 11,227-unit complex by transforming the infamous rental property into a giant co-op. The 44-year-old investment guru’s… [Read More]
HIGH UNEMPLOYMENT? IT’S ABOUT THE REAL ESTATE!
Unemployment is very high, yet many employers are finding it extremely difficult to fill certain jobs. It is estimated that unemployment amongst the very skilled is actually rather low: We know unemployment amongst the highly educated is definitely low. In this morning’s Wall Street Journal, an article tries to establish what is causing this. Employers and economists… [Read More]
WE ENTER THE ERA OF THE FLASH-CRASH!
The recent equity market flash-crash was determined to be a product of the computer-run systems we rely so heavily on. The flash crash produced a 1000-plus point market drop. And worse, we should expect another flash-crash in the future. With our lives increasingly over-taken by computers, the FLASH CRASH could happen not only on Wall… [Read More]
IS WALKING TO WORK IN VOGUE?
Conde Nast is in the final stages of negotiating its new office space lease in the new World Trade Center building….this means if you see a fabulously rail-thin figure hiding behind a Birkin bag, power-walking in a southerly direction, it may just turn out to be Anna Wintour, the empress of Vogue, who will officially… [Read More]
ARCHITECTURE SHIFT: IS THE GLASS BOX TREND OVER?
“New Yorkers may be burnt out on glass buildings,” architect James Carpenter said in a recent New York Times article. With over more than 30 years as a glass artist, he is now more focused on using the material not as mere enclosure, but as a tool for manipulating light. The debate still rages on… [Read More]
WATCH OUR SUB-ZERO: HERE’S THE NEXT CHIC APPLIANCE!
First it was granite counters, then stainless professional appliances, ESPECIALLY a Sub Zero fridge, then Crestron sound system, and so on and so on….: Could the latest-greatest amenity for you home be the car charger? What about this ultra-sleek-apple-chic charger from GE? Designed by Yves Behar, we think it looks great. With Tesla a publicly… [Read More]