First Quarter 2009

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Warburg Realty Market Review It has been a unique and eventful first quarter in the New York City real estate market. We began January with the market completely in the doldrums, as the stand off between buyers and sellers which characterized the last quarter of 2008 continued. Buyers were mostly waiting and watching from the [...] Read More

THE RESALE GLASS IS HALF FULL

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Following is a preview of my upcoming Manhattan Market Watch to appear in the April issue of Mann Report. “The reports of my death are greatly exaggerated,” wrote Mark Twain in 1897 when his obituary was mistakenly published nearly 13 years before he died. Fast forward more than a century later, Ted Kennedy told well [...] Read More

Who Really Runs the Building?

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Most people assume that the board of directors runs the building. Actually the responsibilities for maintaining the building are usually divided between the board of directors and the managing agent. Both parties perform their functions with the advice and help of many support professionals. Typically the board establishes the policy and expenditures; and the managing [...] Read More