Blog

Fewer New Buildings These Days? Why? Happy New Year! There are fewer residential new Manhattan development projects launching as of late, apart from very large Hudson Yards buildings. There could be a lot of reasons why we’re not seeing as much new development marketing start off lately: time of year, a wait and see approachRead more

Two sales offices opened recently, and I was lucky enough to visit both just as they were coming out of the gate with their marketing. First, the Chatsworth, 344 West 72nd Street, is a new prewar rental-to-coop development (more on the coop bit later), by HFZ, one of the busiest developers at the moment. TheRead more

Over 2014, my firm’s chief economist felt a growing divergence between new development sales and the resales of condos and cooperatives, in terms of new development sales skewing closing information, both in being averaged into all other sales, and because of the delays between signed contracts and closings. Our monthly and quarterly reports now reflectRead more