Posted by Leonard Steinberg on February 7th, 2015 Since joining URBAN COMPASS 8 months ago, we have developed a marketing language that has become contagious: It has spread like wildfire throughout the real estate industry here and everywhere and it is something I am most proud of. People are talking in New York, Miami, Los… [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]
100 MILLION DOLLAR LISTING: NEW YORK REAL ESTATE RECORD!
Posted by Leonard Steinberg, President of URBAN COMPASS on January 17th, 2015 A historic moment has arrived in NEW YORK CITY: The city’s first $100 million apartment has just sold, a duplex at One57 (157 West 57th Street). We at Urban Compass are extremely proud of our very own ROY KIM, head of Urban Compass… [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]
$500,000.00/MONTH PIERRE HOTEL RENTAL EXPLAINS FOREIGN BUYERS
Posted by Leonard Steinberg of URBAN COMPASS on December 9th, 2014 The $500,000 per month rental of a full floor apartment located on the 39th floor of the luxury Pierre hotel, boasting 4,786 square feet of living space, six bedrooms and 6½ bathrooms, including the Presidential Suite has made headlines as a major rental record for… [Read More]