Well, I was only wrong by eighteen months! I had assumed and written here that mortgage rates surely would start going up by mid-2014 and had pondered their impact long before today. I even recall having a conversation during the summer of 2013 while running with a very smart guy, who was asking me how
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I decided, as I mentioned, to break out some more conceptual thoughts from more down and dirty market thoughts. Though this month, my mind has been more on trends and less on deal-by-deal activity. Last week I went to revisit 30 Park Place, which will be Larry Silverstein’s most recent residential development, and the Four
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Thank you to everyone who was able to attend my recent client event. Georges Berges has placed his gorgeous gallery in SoHo, keeping a tradition of cutting edge contemporary art in that neighborhood alive and well. Not to mention an amazing photo of Prince right before he became a rock star, in 1977. And a
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One can’t help but have an opinion on the incredible buildings and construction that is part of current offerings to the Real Estate Gods. To whatever extent I put myself in a position to “judge” these projects, there probably is some disclaimer required. I am not an architect, but after 15 years as a
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Happy almost Halloween. When did Halloween become such a major holiday, anyway? Since it’s top of mind, I am using it to share my thoughts on the state of the market right now. Is it scary? A little. But that’s probably sensible, given the mixed messages we’re getting every day. Massive sales across the New
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I hope that you are gearing up for the best day of the year in New York City – running or watching the New York City Marathon this Sunday! I have made a commitment that if I’m not running it, I definitely go out to cheer on the runners. Perhaps you are you running! The
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Parties, parties, parties. Every week this month there has been a broker event for a new development launch. I’ve been at blowout parties for 275 West 10th Street and Zaha Hadid’s new project at 520 West 28th Street, a lunchtime event at 118 East 59th Street (my firm is handling marketing and sales for this),
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At some point, mortgage rates must go back up, but I’ve just about given up trying to guess when that will happen. I can remember conversations back in 2009 and 2010, the substance of which was that hard assets will be a smart play. As inflation comes in, real estate, among the long list of
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After a seven-month hiatus, and a month early, your favorite running broker finally was cleared by the kind folks at Hospital for Special Surgery to begin a running program! For someone accustomed to running marathons, the irony and relevance here of “it’s a marathon, not a sprint” does not escape me. Essentially, I am starting
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I took the new 7 train to Hudson Yards (so exciting!), with an eye on heading down to see everything new going on along the Highline. Apart from visiting the interesting Lego Project happening at 30th Street on the Highline, I prepared for this tour with a separate trip to the Soori Highline sales office.
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