Posted by Leonard Steinberg on January 10th, 2012 Bloomberg reported to-day that large banks are considering freezing the pay of junior bankers in light of diminished profitability of their institutions. What this really equates to is that the more senior bankers will do whatever it takes to maintain the quality of their incomes: Banks face… [Read More]
THE ‘MILLION TREES’ GREEN NEW YORKERS…..OH REALLY?
Posted by Leonard Steinberg on January 8th, 2012 Walking up and down the streets of Manhattan I am amazed at the volume of deceased Christmas trees that were once alive and thriving lined up amongst the garbage heaps waiting to be carted off after producing a few weeks of gratification in the form of a… [Read More]
CITY POLLUTION: 10 REASONS WHY NEW YORK POLLUTION WILL IMPROVE DRAMATICALLY.
Posted by Leonard Steinberg on January 6th, 2012 The Chinese government announced to-day that they will start to report pollution levles more accurately: if you thought Los Angeles or Denver were bad, you should see Beijing! The explosive 10%+ per year growth combined with 20 million inhabitants and antiquated technologies is producing one of the world’s… [Read More]
APARTMENT AUCTION AT 225 FIFTH AVENUE, THE GRAND MADISON.
Posted by Leonard Steinberg on November 18th, 2011 Last night I attended the auction of a park facing apartment at the Grand Madison located at 225 Fifth Avenue once owned by an ex Credit Suisse employee whose new home is a lot less elegant…. The 9th floor, approximately 1,600+sf apartment featuring 2 bedrooms and substantial… [Read More]
BY 2050 THREE QUARTERS OF POPULATION WILL LIVE IN A BIG CITY
Posted on November 6, 2011 Mega Cities as a trend will continue to grow through 2050, positioning New York very well for the future: High-density cities are creative, thrilling and less environmentally destructive than sprawling car-based suburbs typical of America. Cities are passports from poverty. They attract poor people, rather than creating them. They are… [Read More]
US RESIDENCE VISA FOR SALE…… VIA REAL ESTATE PURCHASE!
Posted on October 20th, 2011 Senators Charles Schumer of New York and Mike Lee of Utah are proposing a Bill that would provide foreign buyers a residence visa if they buy a US home worth $ 500,000.00 or more. Now that’s a REAL incentive for foreign buyers! I think this is a brilliant idea, and could… [Read More]
OCCUPY WALL STREET? IT'S ALL ABOUT THE WRONG LOCATION!
Posted by Leonard Steinberg on October 15th, 2011 As OCCUPY WALL STREET continues, I feel its connection to the real estate world and how location is everything. Do these demonstrators know nothing about how one block can make all the difference in New York? Firstly, the title is about as accurate as WOODSTOCK, the era-defining… [Read More]
THE MEGA-CLASS: A NEW BREED OF RICH
Posted by Leonard Steinberg on February 1st, 2011 After attending the launch to-day of AVENUES, the new private school scheduled to open in September 2012 in West Chelsea on Tenth Avenue at 25th Street, I realized a new breed of global wealthy is emerging: The MEGA-CLASS. The MEGA CLASS is a group of very wealthy… [Read More]
DEAR MAYOR BLOOMBERG: ABOUT YOUR REAL ESTATE TAXES….
Posted by Leonard Steinberg on January 23, 2011 Mayor Bloomberg we love you: you are the greatest mayor this town has had. BUT, we have a serious problem with the real estate taxes in this City, and you are avoiding the big issue. You recently said in the NEW YORK POST that you feel the… [Read More]
OIL/INTERNET TYCOON-CARRIER? WATCH OUT INTREPID!
Posted by Leonard Steinberg on January 10, 2011 INSANE? The photo you above is just a mockup. But even with something just dreamed up in the mind of some crazed super yacht designer, you have to admit that it looks disturbingly appealing, in a Dubai-meets-Donald gawdy kind of way….. This creation is called “The Streets of… [Read More]