BRACE YOURSELF: IS LUXE-HYPER-INFLATION AROUND THE CORNER?

Posted by Leonard Steinberg on December 19, 2010 Downtown New York residential real estate inventories are now approaching the levels of 2005…..does this equate to the beginnings of a shortage? With new construction having ground to a virtual halt over the past 2 years, we should not expect any brand new DELIVERABLE quality ultra-luxury apartments for… [Read More]

SUPERIOR INK HOUSTON ROCKETS PENTHOUSE SELLS FOR (KINDA)RECORD

The penthouse at the Superior Ink building in Greenwich Village, New York, owned by Houston Rockets owner, Leslie Alexander, has sold for a record $ 31,5million according to the Wall Street Journal. But is it a record for Downtown? Yes and no. The quadruplex combination penthouse at 200 Eleventh Avenue sold for around $ 33… [Read More]