Posted by Leonard Steinberg, president of COMPASS on June 28th, 2015 A huge CONGRATULATIONS to all my fellow colleagues who were listed on the Real Trends TOP 1000 Agents in the Wall Street Journal yesterday: everyone on these lists should be extremely proud of their achievements considering they are in the Top 0.00125% of all… [Read More]
FROM THE 'IT-BUILDING' TO THE 'I-BUILDING'
Posted by Leonard Steinberg, president of Compass, on March 21st, 2015 New Yorkers like to think of themselves as innovative, individualistic and original: unfortunately many of them often follow trends like a herd of sheep. An article in this weekends Wall Street Journal showcases how a world once possessed by owning an Hermes Kelly bag,… [Read More]
ITS ALL ABOUT THE WEATHER!
Posted by Leonard Steinberg on June 26th, 2014 The Wall Street Journal reported this morning that the US economy took a 2.9% dip in the first quarter of 2014….the GDP slipped by as much as an annually adjusted rate of 1%…..mostly attributed to the bad weather we experienced throughout the USA. The weather? Really? Having… [Read More]
IS LUXURY USA BILINGUAL COMMUNICATION CHINESE?
Posted by Leonard Steinberg on March 21st, 2014 SOTHEBY’S International Realty distributed a rather impressive large LUXURY SHOWCASE booklet in the Wall Street Journal this morning: while the content was good with many lavish suburban properties advertised for sale, and some statistics about the luxury market and consumer, what was most telling was how bilingual… [Read More]
LUXOFLATION: THE WORLD JUST TUNED IN
Posted by Leonard Steinberg on March 3rd, 2014 The World has finally caught onto what I have been talking about for years – LUXOFLATION – the excessive inflation on luxury products, including real estate. In this morning’s Wall Street Journal, an article addresses the subject specifically related to retail. Despite expanding into new markets, the… [Read More]
JOBS AND THOSE PESKY TWO TRILLION DOLLAR OFFSHORE CORPORATE PROFITS
Posted by Leonard Steinberg on March 7th, 2012 Peggy Noonan penned a telling article about the US economy in the Wall Street Journal: she says the focus should be on jobs, because the country needs jobs more than it needs class warfare and threats of doom and gloom from President Obama…..even though 236,000 jobs were… [Read More]
WALL STREET JOURNAL ADDRESSES SUPER-LUXURY MARKET
Posted by Leonard Steinberg on September 12th, 2012 The Wall Street Journal addressed Stribling’s Kirk Henkel’s sensationalist report on the super luxury market… http://online.wsj.com/article/SB10000872396390444554704577643841167613210.html?KEYWORDS=leonard+steinberg
SOME TRUTH ABOUT TAXES
Posted by Leonard Steinberg on April 16th, 2012 As politicians blabber about the Buffet Rule and taxation fairness, I thought a recent Wall Street Journal article outlined the ‘non-soundbite’ version of what is really going on tax-wise in the USA. The only conclusion I can draw is that the system is much too complicated. Here are… [Read More]
SUPER LUXURY MANHATTAN MARKET SOARS – 815 FIFTH AVENUE PROVES IT.
Posted by Leonard Steinberg on March 24th, 2012 We just listed a $ 25million townhouse at 815 Fifth Avenue, a rarity if there ever was one. A little over 25 ft wide, with over 11,000sf, we suspect it will be bought by someone anxious to transform it to a single-family mansion. Already multiple parties are… [Read More]
MORE GOOD NEWS FOR REAL ESTATE?
Posted by Leonard Steinberg on January 11th, 2012 In a recent Wall Street Journal article a survey of those with investable assets of $ 30m+ revealed that the rich prefer commodities, real-estate, private companies in 2012 to place their investable dollars. 48% plan to increase their allocation to commodities in 2012, and 45% of respondents are looking to… [Read More]