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December 2007

December 24, 2007

beauty lives everywhere

by Peter Comitini
Think of all the beauty still left around you and be happy. — ANNE FRANK, DIARY OF A YOUNG GIRL Central Park snow storm from my holiday card, photo: Galina Dreyzina As young Anne Frank writes in her diary about 1942, beauty exists everywhere we are willing to see it, and one of the things that brings happiness. It is as simple as new fallen snow, and natural as the face of my child on Christmas eve. It is sometimes...

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December 20, 2007

A plan for Governors Island begins to take shape

by Peter Comitini
The Mayor and Governor announced the selection of Dutch firm West 8 to lead the effort in the redevelopment of Governors Island into what may become one of the largest and most exciting public spaces in the nation.

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December 20, 2007

Manhattan real estate continues to defy gravity

by Peter Comitini
"Last month, the number of closed sales just about matched the number closed in November 2006, and prices were considerably higher, but roughly flat compared with the prices in the previous quarter, according to a review of sales records filed with the city."

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December 14, 2007

The London property echo

by Peter Comitini
The story of London's property market seems to echo New York's right now. Central London and Manhattan have seen continued strength even as the wider regional markets trend downward.

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December 13, 2007

Podcast: Is the Fed too slow on cutting interest rates?

by knowledge@wharton
We take a look at the broader economy in this timely interview and podcast with The Wharton School's Jeremy Siegel, on Tuesday's .25% discount rate cut. Professor Siegel questions if the Federal Reserve is possibly not being aggressive enough on lowering interest rates; plus commentary on Ben Bernanke's performance, Wall Street's reactions and the Presidential candidates.

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December 11, 2007

The New York City economy

by Peter Comitini
Each month, the NYC Mayor's office publishes the Monthly Report on Economic Conditions. It provides a snapshot of the macro economic environment and a very local take on it.

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December 5, 2007

Video: Alex Steffen on Bright Green Cities

by Peter Comitini
In his July 2005 TED talk, "Inspired ideas for a sustainable future", Worldchanging.com founder Alex Steffen offers a lightning round of answers to some of our planet's greatest sustainability challenges. Its a big picture perspective on topics which range from real estate development (green cities and buildings), to digital collaboration tools, to ingenious tools for the developing world.

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December 3, 2007

Podcast: The Subprime Drama Continues, but for How Long?

by knowledge@wharton
Here is an interview with professor Richard Herring, co-director of Wharton's Financial Institutions Center about the subprime mortgage crisis. I'm not sure that the question is definitively answered, but its a detailed explanation about what happened. He questions at one point, the metrics that have been widely publicized from the Case-Schiller Index on the national housing market. Mr. Herring also cites less of a relationship between the national market, and local housing markets. Right now in Manhattan, I still see a healthy amount of property trading, with year to date numbers showing growth and relative stability. Its a market in which subprime loans are practically non-existent. Our local interest is in evaluating the drag that the subprime effect might have on the overall U.S. economy.

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