The New York residential real estate market was on a tear throughout 2012, with an incredible crescendo during the summer. Then the storm hit, and overnight, the market quieted. So where did this force of nature leave the New York market?
As sales metrics improve month by month, economists seem to agree that residential real estate is awakening from its 36-month slumber. That being said, buyers and sellers are well advised to accept the uncertainties of the market and compromise.
esidential lending has become so cumbersome and unpredictable that a transaction without a financing component geometrically increases the likelihood that the parties will wind up at the closing table.
CO-OPs could be one of the sleepers in the health care reform law that truly transforms how care is financed and delivered in this country. And they could even hasten the day when the big investor-owned corporations cede the marketplace to nonprofits and move on to other ways of earning a profit.
In a tragic turn of events last week, a troubled Upper West Side condo owner who said his building harassed him about his pitbull took his own life just hours after euthanizing his healthy five-year-old dog.
Rather than reverse a rejection, it's much more common for a board to ask for more information before rejecting, giving buyers a chance to allay anxieties or correct inaccurate or incomplete information.
My first place in Manhattan was a shared, seedy, shag-carpeted room in an SRO hotel that looked as if it had hosted many boozy lunchtime trysts. Eventually I moved into a grown-up apartment, for which I am exceedingly grateful.
The grocery is called The Old Creamery because that's what the building was in the 1800s. Looking around The Old Creamery, one sees people here care about historical preservation, community, and sustainability.
We hold in our hands the key to building a sustainable economic future. By placing responsibility and ownership into the hands of employees globally, we have the ability to mold an economy that benefits us all.