Thursday, June 18, 2009
Sierra in the news
Our wonderful friends at Crain's New York Business, Costar Group, and RealEstateBisNow have nice mentions of our new team members Marianne Thorsen and Blanche Baker Magill, as well as Peter Levitan's promotion to Managing Director. Read these three excellent articles here.
Articles 06.18.09
Some neighborhoods in New York are still hot notwithstanding the recent downturn in our local economy. I am pleased to see that Sunset Park in Brooklyn makes this list. I can attest to the strength of this neighborhood based on our successful experience with our condo conversion in this neighborhood. See the article "Hot or Not."
"Bulk Sales of Condos Spreading" describes recent efforts of developers to sell units in a low velocity market.
Three articles discuss the current economic situation in New York. The news is not all bad. The economic stimulus package may have softened the impact on the city. Moreover, unlike our experience during Republican administrations (who can forget following 9/11 the formula for the allocation of Homeland Security dollars that treated New York the same as North Dakota?), New York has received a very significant share of stimulus dollars. It helps that New Yorkers currently play a very significant role In the current administration and in Congress. The new urban agenda that is being adopted in Washington will certainly benefit the city over the next four years. See the three articles "Recession NYC Job Lost Estimate Ease", "Wall Street Job Losses", and "Where Does New York Stand".
"Central Perk" describes how New York's Central Park is not only just a green oasis in the center of the city but also a veritable gold mine as well.
For an excellent overview of some of the legal issues involved in the taking over of troubled properties see the article "Beyond the Workout."
Looking for cheap eats in Midtown? The website Midtownlunch is a perfect resource for finding excellent street food and cheap restaurants in midtown.
Interesting fact: the average retail space per capita in the United States is 20 ft.” per person. In the outer boroughs, it is a paltry 6 ft.” per person. Less than one third the national average. Why? The barriers to entry in New York are exceptionally high, which discourages retail development.
"Bulk Sales of Condos Spreading" describes recent efforts of developers to sell units in a low velocity market.
Three articles discuss the current economic situation in New York. The news is not all bad. The economic stimulus package may have softened the impact on the city. Moreover, unlike our experience during Republican administrations (who can forget following 9/11 the formula for the allocation of Homeland Security dollars that treated New York the same as North Dakota?), New York has received a very significant share of stimulus dollars. It helps that New Yorkers currently play a very significant role In the current administration and in Congress. The new urban agenda that is being adopted in Washington will certainly benefit the city over the next four years. See the three articles "Recession NYC Job Lost Estimate Ease", "Wall Street Job Losses", and "Where Does New York Stand".
"Central Perk" describes how New York's Central Park is not only just a green oasis in the center of the city but also a veritable gold mine as well.
For an excellent overview of some of the legal issues involved in the taking over of troubled properties see the article "Beyond the Workout."
Looking for cheap eats in Midtown? The website Midtownlunch is a perfect resource for finding excellent street food and cheap restaurants in midtown.
Interesting fact: the average retail space per capita in the United States is 20 ft.” per person. In the outer boroughs, it is a paltry 6 ft.” per person. Less than one third the national average. Why? The barriers to entry in New York are exceptionally high, which discourages retail development.
Thursday, June 11, 2009
Sierra in the news
Our friends at The Mann Report have my article on the budget crisis now affecting NYC and some ideas for addressing it. Read it here.
Friday, May 29, 2009
Sierra in the news
Crains New York Business journalist Adrianne Pasquarelli has an article up on retailers looking forward to car-free
Broadway here:
Good news for these retailers in difficult times!
Broadway here:
Sections of Broadway in Times Square and Herald Square, as part of the city’s initiative to curb congestion on streets and sidewalks, and many hope the changes will also increase business for area retailers. The thoroughfare, from 47th Street to 42nd Street and from 35th Street to 33rd Street will be closed to all vehicles, becoming a pedestrian walkway featuring chairs and benches.
Good news for these retailers in difficult times!
Tuesday, May 19, 2009
Sierra in the news
We are thrilled to be mentioned this month in four of the very best real estate business publications:
Thanks to all!
- Brokers Weekly here
- Real Estate Bisnow here
- the New York Real Estate Journal here
- the Mann Report here
Thanks to all!
Friday, May 8, 2009
Articles 05.08.09
Not all neighborhoods in the city are affected in the the same ways by the current economic conditions. The article "Four Neighborhoods Roll with Punches" describes how businesses in the four outer boroughs (yes, there is life outside of Manhattan) are dealing with current market conditions.
Has taxpayer bailout funds lessened the impact of Wall Street's demise on the city's economy? The author of "Something Slowing Plunge" seems to think so.
"Not that Bad" -- I don't know, is this supposed to be good news?
OK, baseball season is boring, football season is many months away, and your teenage kids won't even acknowledge your existence. Rather than sitting around and watching reruns of "Seinfeld" go explore some of New York's more interesting blocks. The article "New Yorkiest Blocks" describes certain blocks in the city that are worth exploring. Any time I get fed up with the city all I need to do is go out and explore a new neighborhood and I am reminded why after over 50 years I still love living here. There is always something new and exciting to experience.
For those of you who love to eat -- and who doesn't -- check out "Eat Out Awards."
My Kindle: usually I don't use this blog to promote products or services, but I recently purchased the new version of the Kindle digital reader from Amazon and must recommend this to anybody who likes to read.it is easy, convenient and for those of us whose eyesight is not as good as it used to be, the feature that allows you to adjust the Font size really eases the burden of reading tiny print. I use it to read all my newspapers and magazines (my New York Times and Wall Street Journal are downloaded automatically every morning) and when I travel I don't need to pack 10 pounds of books.
Has taxpayer bailout funds lessened the impact of Wall Street's demise on the city's economy? The author of "Something Slowing Plunge" seems to think so.
"Not that Bad" -- I don't know, is this supposed to be good news?
OK, baseball season is boring, football season is many months away, and your teenage kids won't even acknowledge your existence. Rather than sitting around and watching reruns of "Seinfeld" go explore some of New York's more interesting blocks. The article "New Yorkiest Blocks" describes certain blocks in the city that are worth exploring. Any time I get fed up with the city all I need to do is go out and explore a new neighborhood and I am reminded why after over 50 years I still love living here. There is always something new and exciting to experience.
For those of you who love to eat -- and who doesn't -- check out "Eat Out Awards."
My Kindle: usually I don't use this blog to promote products or services, but I recently purchased the new version of the Kindle digital reader from Amazon and must recommend this to anybody who likes to read.it is easy, convenient and for those of us whose eyesight is not as good as it used to be, the feature that allows you to adjust the Font size really eases the burden of reading tiny print. I use it to read all my newspapers and magazines (my New York Times and Wall Street Journal are downloaded automatically every morning) and when I travel I don't need to pack 10 pounds of books.
Thursday, May 7, 2009
Sierra in the News
Another nice mention of us in Real Estate News in their On the Real Estate Scene section. Thanks!
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