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Thursday, April 19, 2007

The Corcoran Report shows a 9% increase in deal activity

corcoran report Q1 2007
Corcoran's just released market report about the first quarter of 2007 is now available for download here. The market had very respectable performance, especially in light of the continued softness in other parts of the nation. The latest figures back up firmly what I'd been reporting here since January when the most visited story on this blog ran about open house attendance soaring. Some highlights for Manhattan include:

  • overall number of deals increased +9%
  • overall average sale price is up +6%
  • downtown condos are up +48% average; and +9% on a price per square foot basis.
  • downtown coops are up +3% average; and +2% on a price per square foot basis.

continued+

Tuesday, April 17, 2007

Spring greening

green cityHere are two upcoming events that will help make Spring a bit greener for everyone. The upcoming Manhattan Electronics Recycling & Clothing Donation Event on April 22nd and Green Building Products: From Concept to Market, a free event for professionals about the principles of green product design, and strategies for designing and marketing green building products, on April 27th.

continued+

Monday, April 16, 2007

East Village townhouse reduced!

east villageid_sale.gifWith a one million dollar price reduction, this East Village townhouse deserves another look. It is now not only one of most charming you'll find, but also a great value at $3,995,000. It's a very large, sunny, property with 5200 square feet of building, plus a huge backyard that transports you to another time in turn of the century New York City. Call me to arrange a viewing. See 243 East 7th Street »

Monday, April 16, 2007

design matters

Tokyo MidtowndesignI'm just back from two weeks in Tokyo and the jet lag is almost behind me now. I'm married to a Japanese woman (the beautiful and talented illustrator Coco Masuda) so this was a family visit, more so than a touring one.

I tend to be such a 'dyed in the wool' native New Yorker, that it takes an immersive change of context, in a far away city, to reset my observation skills, and clear my overworked brain for creative refreshment. It was a welcome break. I had at least a couple of epiphanies about this site's context moving forward.

The most striking difference between Tokyo and New York for me is the embedded culture of design over there. Whether building Tokyo Midtown, the new architectural centerpiece of the Roppongi district, creating MUJI's simple, functional goods, or the presentation of food from stores to plates, they intuitively respect and demand a high level of design in their lives. It has roots in traditional Japanese arts and crafts; and translates into good modernism quite naturally. The latter reflecting vividly their embrace of globalism and an economy which seemed to me to be visibly on the rebound after 16 years of stagnation. In fact, our relatives seemed to feel that Tokyo is poised for a run in real estate, as their economy heats up after a long period of correction. A recent article from Knowledge@Wharton seems to agree.

continued+

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