“Everything has to spread west,” said Jed Walentas, 36, describing livable Manhattan’s ever-expanding front line while striding through the construction site that is his family’s 11th Avenue gamble, Clinton Park.
It was a foggy Tuesday morning, early in October, and Mr. Walentas wore jeans, a hoodie and black New Balance sneakers, his face covered in Read More
At the northern end of midtown, where the skyscrapers abut Central Park, there’s a rarified realm called the Plaza district. Bounded, depending on whom you ask, by 54th and 64th streets, Park and Sixth avenues, this is where the kings among men work: the billionaires, the families with foundations, the private-equity royalty. It’s expensive, exclusive Read More
When Kathleen Parker, foil to Eliot Spitzer on CNN, wrote an op-ed in the Sept. 29 Washington Post about her displeasure with her recent move to New York City–the “rules for potted plants on an apartment terrace”; “a building ban on lighting birthday candles”–Manhattan media meted out a swift punishment.
The Awl encouraged Read More
“It was a destructive and incredibly foolish decision on multiple levels,” writes New York Times columnist and eminent economist Paul Krugman in today’s paper. He was referring to Governor Chris Christie’s decision to put the kibosh on ARC, a tunnel that would burrow under the Hudson River, dramatically increasing train capacity between New Read More
It’s been a while since we’ve read a good Dubai real estate disaster update.
This morning’s comes care of India’s NDTV. In a nutshell, vacancy rates are still rising, skyscrapers still remain incomplete, and purchasers of units in those incomplete towers are still unable to get their money back.
Here’s a snippet:
Apartment buyers who Read More
Did you know that Vans has only eight employees in New York? And that’s an improvement over the one employee the shoemaker had in New York three years ago?
Well, Vans, the popular West Coast purveyor of checkered canvas slip-ons is trying to change all that. The Wall Street Journal reports that the firm Read More
Yesterday, the Real Estate Desk poked a little fun at this $11 million, 14-room duplex at the “has-been” River House co-op. First off, it is asking a million dollars more than what is reportedly the $10-million record for the building — pre-recession, no less. And who could forget that the unit has changed Read More
Remember Remember the 15th of September
Whoever coined the phrase “what goes around comes around” clearly didn’t know anything about commercial real estate.
In yet another example of life’s little injustices, two former Deutsche Bank executives who made fortunes lubricating the real estate juggernaut have just landed plum gigs at LNR Property.
The Journal‘s Lingling Wei reports:
Justin Kennedy, Read More
Julie Macklowe, fashion maven, hedge fund manager, and wife of real estate macher Billy Macklowe, is finally following her passion.
Trade mag Hedge Fund Alert reports that Ms. Macklowe (profiled by Irina Aleksander in the Observer last year) is ditching the hedge fund business for fashion: “Specifically, she plans to start a Read More
Capital New York’s got a solid piece on the likelihood that Governor Chris Christie will shelve plans to build a new train tunnel under the Hudson River, a project known as ARC (it stands for “Access to the Region’s Core”).
The project would do the following:
Named “Access to the Region’s Core,” or Read More
