BUBBLINGO!

Posted by Leonard Steinberg of Urban Compass on August 6th, 2014 Its annoying to me how some people in our industry are fueling a bubble when a bubble could easily be avoided: I am calling it BUBBLINGO…..the language that causes bubbles. One example: “So a very similar building next door to ours sold units for… [Read More]

FOOD MARKETPLACE/EATERY COMING TO WEST CHELSEA!

Posted by Leonard Steinberg of URBAN COMPASS on August 4th, 2014 Far West Chelsea residents like myself love living here, but certainly miss one component: good food.  Now there is news that HUDSON MARKET is coming to 303 Tenth Avenue, a few doors down from Avenue’s School! The gourmet-style marketplace/eatery will have a mix of products and… [Read More]

ZILLOW AND TRULIA MERGER: THE END OF THE BROKER?

Posted by Leonard Steinberg of URBAN COMPASS, August 2nd, 2014 Zillow will be buying out Trulia and their combined might in the real estate world has sent shudders down the spines of real estate brokers everywhere: will this machine replace brokers just the way travel agents were made virtually extinct? Hardly. The bulk of Zillow… [Read More]

URBAN COMPASS ON BLOOMBERG TODAY

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

A TALE OF TWO REAL ESTATE MARKETS

Posted by Leonard Steinberg of URBAN COMPASS on July 25th, 2014 The entire USA real estate market is revealing a trend that we have witnessed in New York for some time now: brand newly constructed properties are selling for a significant premium over re-sale existing homes. The pricing variable is large. The supply is not… [Read More]

DOES HONG KONG MAKE NEW YORK SEEM CHEAP?

Posted by Leonard Steinberg of URBAN COMPASS on July 23rd, 2014 Pricing in Hong Kong remains high, with some penthouse apartments selling for over $ 14,000/sf.  Buyers from Hong Kong should look at the pricing of the mega-towers of the 57th Street corridor and consider them relatively good buys…..but are there enough Hong Kong buyers… [Read More]

LIMESTONE COMES TO WEST CHELSEA

Posted by Leonard Steinberg of URBAN COMPASS on July 20th, 2014 Limestone, a facade material most associated with tony Park Avenue and Fifth Avenue uptown buildings has emerged in……of all places….West Chelsea, Downtown New York! Very few buildings Downtown boast this beautiful material: 15 Central Park West clad its entire facade in Limestone to emulate… [Read More]

NEW YORK SIDEWALKS ARE ABOUT TO CHANGE

Posted by Leonard Steinberg of URBAN COMPASS on July 19th, 2014 It is just a matter of time before the sidewalks of New York will be lined with charging stations for electric vehicles: I have always resisted the urge to get a car and driver as the thought of a car idling in front of… [Read More]

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]