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Friday, January 12, 2007

Sleepwalkers on 53rd Street

id_headroom.gif(click to enlarge image) Art imitates real estate, and changes the perception of both this month, in an interplay of art, architecture and city life, both real and imagined. Doug Aitken's 'sleepwalkers' is an enormous public work, that's being projected onto eight facades of the MoMA building. It promises to transform the building's site, and our point of view, inside out.

continued+

Thursday, January 11, 2007

Upcoming 'downtown third thursdays' series

third thursdaydowntown manhattanHere's something for those of us who live and work downtown, plus everyone else interested in New York City. Starting on January 18th a new series of these outstanding lectures by authors, architects & scholars— and sometimes all three. They meet on site at various significant city buildings beginning next Thursday on the 52nd floor of 7 World Trade Center. Architect Rafael Viñoly discusses "THINK New York: A Ground Zero Diary" inside of NYC's first certified "green" office tower.

continued+

Tuesday, January 9, 2007

Open House attendance soars

shoes_sm.jpgheadroomThe sidewalks were strewn with the discarded Christmas trees of 2006 this weekend. It was one reminder that the holiday season has ended. Yet another sign was that people were out in force, enjoying the unusually warm weather, by participating in Sunday's ritual of the Open House once again. The attendance there is often the first bounce that brokers get about their properties and the marketplace's momentum. It's the kind of 'shoe-leather' impression that provides a surprisingly accurate read; and the kind of market report that a broker blog can do best too. Indeed, as I arrived at the office, the morning coffee chatter was from agents who spoke about big turnouts at their properties this weekend.

continued+

Monday, January 8, 2007

It's coming up to the boil, not the bubble

market reportThe market is heating up again. In the third quarter of 2006 median prices across the board in Manhattan are up 6%, to $767,000 according to a report from The Real Estate Board of NY released last month. The largest jumps were median prices in northern Manhattan and Upper East Side condos which were up 60% and 45% respectively. A 20% gain in co-op prices downtown, and a 13% increase on the Upper East Side were also noted. New York City is in a much stronger position than the nation overall.

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