While contemplating the future outcome of this wonderfully disastrous mess, I came across this 15-year-old post Katrina paper, delivering a true déjà vu…
As the Real Estate industry scrambles to find ways to manage deals that are in the pipeline during these restrictive times, new solutions are introduced in order to assist with crossing the finish line…
Now that 2017 is behind us and we are settling into 2018, I wanted to share a few thoughts on the accomplishments and challenges of the passing year and an outlook for the year ahead. We are leaving behind an exceptionally action packed year, one that began with the inauguration of a new US president, and concluded with a surprising comeback of cryptocurrencies and a controversial tax plan which left many scratching their heads. In the New York Real Estate market, the year began with fears of a market crash and resulted in a fairly active and healthy year…
The early spring buying season and steadiness of the local NYC real estate market are giving us a great opportunity to look at what the wealthiest are doing around the globe, and where they will be spending their money next…
Here’s a great start for a new year; the Second Avenue Subway is up and running. There is a lot to look up for in 2017; a new president (and possibly new personal and corporate tax breaks), the scale of rising interest rates, the continued development of Hudson Yards in Midtown West and Essex Crossing in the Lower East Side and upcoming mayoral elections in November, to name a few. We expect a healthy real estate market for the coming year…
As we enter a beautiful autumn in the city, the noise around Real Estate muffles the fact it is almost business as usual. The high end of the market that dominates the conversation and is drawing unproportioned attention lacks importance to 99% of buyers and sellers. The word on the street is that uncertainty leading up to the presidential election is causing hesitation in that sphere…
Summer of 2016 is off to a steamy start; The Brexit (Britain Exit Euro) is a big ticket nowadays and is the most exciting global event that could impact New York’s real estate…
April opened as one of the best months of the year. Surprising market data for Q1 2016, considerably higher and better than Q1 2015. Also featured, an interview appearing in Sunday’s New York Times Real Estate section, shares my view of Manhattans Lower East Side, a place for new beginnings…
A lot can be said about the opening of 2016; most of all, it certainly wasn't boring. This is due to a cooled-off real estate market, financial market turbulence, crashing oil prices, a “colorful” presidential campaign, and one very mild winter that made it interesting for us all…