Posted by Leonard Steinberg, President of COMPASS, on February 21st, 2014 Everyone should read this well written article by Stephen Smith that highlights the absurd obsession with the mega-wealthy who constitute a fraction of a percentage of all real estate transactions. All writers and editors should take note of this article to see how… [Read More]
HAS THE LUXURY-REAL-ESTATE SUPER-YACHT SAILED?
Posted by Leonard Steinberg of COMPASS on February 17th, 2015 Property price escalations have soared over the past few years in cities such as London, Miami, Aspen, Beverly Hills and New York, in some areas coming off lows caused by the GREAT RECESSION: Many of the super-wealthy are now asking whether its realistic that pricing escalation… [Read More]
WILL THE HOME BATTERY BE THE NEXT 'MANHATTAN-MUST-HAVE' HOME AMENITY?
Posted by Leonard Steinberg of COMPASS on February 13th, 2015 Elon Musk, the James-Bond-sized leader (and fellow South African)behind TESLA, announced that he will be introducing a HOME BATTERY to the market in the next few months, a devise we assume will be akin to a home generator. While Tesla is a car manufacturer, it… [Read More]
HOARDERS ANTICIPATING A MARKET CORRECTION?
Posted by Leonard Steinberg, President of URBAN COMPASS, on January 24th, 2015 As the price of oil dips, word is out that some are hoarding large supplies of oil in anticipation of rising prices in the future. Recently I hear of chatter amongst the very wealthy how they are hoarding (very cheap) cash in anticipation… [Read More]
MASSIVE NEW YORK REAL ESTATE TAX HIKE
Posted by Leonard Steinberg of Urban Compass on January 16th, 2015 As New York City tax coffers swell to record-level surpluses, it was announced that real estate taxes are about to rise dramatically……of course with a characteristically un-American sense of un-equalness that has become the hallmark of our messed up New York real estate tax… [Read More]
IS UBER THE NEW MANHATTAN CAB?
Posted by Leonard Steinberg on January 10th, 2015 UBER hit New York like a ton of bricks just a few short years ago, turning the whole industry upside down by actually making it easy and seamless to hire a car/limo within minutes, often less. UBER had been an inspiration to us at URBAN COMPASS in… [Read More]
THE BEST BUYERS: AMERICAN ROLLS ROYCE-BUYING OLIGARCHS?
Posted by Leonard Steinberg, president of URBAN COMPASS, on January 6th, 2015 Is 2015 going to be the year of the AMERICAN Oligarch? Rolls-Royce Motor Cars reported more car deliveries in 2014 than ever before in its 111-year history, marking the fifth consecutive annual sales record for the ultra-luxury brand, according to Bloomberg. The company sold… [Read More]
THE WORLD’S #1 REAL ESTATE BROKER FOR 2014?
Posted by Leonard Steinberg of URBAN COMPASS on January 2nd, 2015 Congratulations to investment broker Douglas Harmon of Eastdil, who with Adam Spies, marketed 50 New York City buildings that traded for $19 billion. Does this make him 2014’s #1 broker of the UNIVERSE?
REFLECTING ON 2014
Posted by Leonard Steinberg, President of URBAN COMPASS on December 31st, 2014 2014 was monumental: making the leap to URBAN COMPASS in June was a daring move, yet looking back now after a mere seven months, I am certain it was the best move ever. Many felt this move was my midlife crisis – simply… [Read More]
DOW 18,000: THIS IS JUST THE BEGINNING!
Posted by Leonard Steinberg of URBAN COMPASS on December 23rd, 2014 The Dow has sailed past the magical 18,000 number and it shocks me that some are surprised by this…..surely strong 5% Third Quarter US economy growth figures combined with a US consumer ‘tax rebate’ in the form of much cheaper gas, combined with low… [Read More]