Posted by Leonard Steinberg on July 28th, 2014 Robert Reffkin, co-founder of URBAN COMPASS on BLOOMBERG TV this morning: http://www.bloomberg.com/video/urban-compass-raises-40-million-wQX3TpTYRNS~IIv1G8JFwg.html
MANHATTANIZING THE WORLD
Posted by Leonard Steinberg, Urban Compass, on July 18th, 2014 The other day while observing the views from the West Side of Manhattan across the Hudson River to New Jersey, it was striking to see how similar the New Jersey skyline looked compared to Manhattan’s. Does Manhattan dictate the ‘look’ of a large city throughout… [Read More]
LIRR STRIKE? IS $87K SALARY NOT ENOUGH FOR CLIPPING TICKETS?
Posted by Leonard Steinberg of URBAN COMPASS on July 16th, 2014 A Long Island Railroad strike is looming and at the core of the problem is a simple truth: commuters who use the LIRR cannot afford to pay more for the service in raised fares, there is a budget, and salaries cannot be raised in… [Read More]
ARE LONDON BUYER-BLUES BEING MIRRORED IN NEW YORK?
Posted by Leonard Steinberg, President of Urban Compass, on July 8th, 2014 London is experiencing some BUYER-BLUES on the very high end and today its reported that home-price gains in London’s most-expensive neighborhoods are trailing the rest of the city because buyers are deterred by high asking prices and the possibility of new taxes. Values in… [Read More]
BOILER ROOM REAL ESTATE BROKERS
Posted by Leonard Steinberg on June 22nd, 2014 Summer has arrived and the market is much hotter than the incredible temperatures we are experiencing in New York the past few days. In a hot real estate market, a breed of broker emerges that is as amusing as it is annoying: the BOILER ROOM REAL ESTATE… [Read More]
AN AMENITIES ARMS RACE?
Posted by Leonard Steinberg on June 18th, 2014 Last night at Ian Schrager’s spectacular presentation in his immaculate penthouse at 40 Bond Street for his new building 215 CHRYSTIE above the PUBLIC HOTEL in the Lower East Side, he made a statement that I think was noteworthy: in describing his building he said the building was… [Read More]
DO ONLY BILLIONAIRES BUY REALLY EXPENSIVE APARTMENTS?
Posted by Leonard Steinberg on June 17th, 2014 Today word spread that another billionaire swept in to buy the French government owned duplex at 740 Park Avenue for many millions over the asking, supposedly $70 million….for a co-op….that needs renovation work. Can only billionaires pay these prices? I have found over the past few years… [Read More]
THE SOLUTION TO MIDDLE EAST PROBLEMS?
Posted by Leonard Steinberg on June 15th, 2014 Yesterday while touring the magnificent HUDSON WOODS development in the Catskills, a simply beautiful 130-acre development of DWELL-editorial-quality homes designed by Drew Lang and represented by James Cox and Frank Giordano of URBAN COMPASS, I spotted something that could be part of the solution to the turmoil that… [Read More]
NUMBER OF US MILLIONAIRE HOUSEHOLDS RISES 18%, CHINA UP 82%!
Posted by Leonard Steinberg on June 11th, 2014 For anyone worried that there may not be enough buyers for luxury New York apartments, take a deep breath. The Boston Consulting Group has determined that the number of millionaire households in the US grew by 18% last year from 2012. The total number of millionaire households in… [Read More]
$500,000 for 15 CAMERAS: GOVERNMENT AT ITS VERY WORST?
Posted on June 4th, 2014 by Leonard Steinberg After the horrific stabbing of 2 young kids in the public housing buildings Boulevard Houses, Mayor De Blasio spoke up about the inefficiency of government to install cameras which are an outstanding deterrent and effective tool to capture perpetrators of such awful crimes. A $500,000 contract for… [Read More]