BLOGGING VIRGIN

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  I’m a 28 year veteran broker, and a blogging virgin.  This is my first posting, and I’m a little unsure about this new environment.  For nearly five years, as some of you may know, I’ve embraced the challenge of a monthly deadline with a real estate column I call “Manhattan Market Watch” that appears regularly in [...] Read More

WaMu, Where Are Thou?

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The decline and fall of Washington Mutual, which swooned yesterday into the arms of J.P. Morgan Chase, is the “largest failure in U.S. banking history”, as the Wall Street Journal headline put it. Luckily depositors will not be injured; the bank’s debt- and preferred stockholders will not be so fortunate. Are we nearing the bottom [...] Read More

welcome to the neighborhood!

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We are excited to welcome all of the new Ivy owners to the neighborhood! Closings began at the 10-story, 28-unit building in mid-July. The condominium has one- and two-bedroom residences, some with balconies. Prices start at $350,000. Amenities include a doorman, fitness center and storage. The condominium will be managed by Matthew Adam Properties, and [...] Read More

Summer Was Not So Bad

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To read the press, it would seem that the New York City real estate market has suddenly plunged into despair. The real picture is much more complicated. Here at Warburg, we signed our largest transaction ever. Foreign buyers are still active, in spite of the issues in their own economies. And co-ops continued to trade, [...] Read More