new york city

Barbara Corcoran: Power Broker to Powerful Motivator

by Ronald Sklar | December 13, 2010

Waitress and straight-D student Barbara Corcoran started her real-estate company, The Corcoran Group, with a friendly loan for a thousand dollars. In 2001, she sold it for $70 million. The $5 billion company is still in operation today, and one of the biggest power players in New York real estate. Since then, Barbara has found [...]

7 comments Read the full article →

New York Real Estate

I’ll Take Manhattan (But Not Staten Island, Too!); Big Apple Real Estate Prices Drop

by Charles Feldman | January 6, 2010

It’s one of those urban myths–you know, like alligators in sewers! That real estate prices in Manhattan always go up, or, at least, maintain their value. But if this were ever true (and historically it has undoubtedly not been from time to time) it certainly is not true now. While sales have actually increased, major [...]

2 comments Read the full article →

New York Real Estate

New York Rental Rates Fall! When Was The Last Time You Saw That Headline?

by Charles Feldman | February 4, 2008

It was bound to happen sooner or later. The real estate bust of 2008 is finally having an impact on one of the last hold outs, New York City. Manhattan, in particular, seemed all but immune to the current subprime mortgage mess mostly because foreign buyers were able to take advantage of the declining value [...]

5 comments Read the full article →

New York Real Estate

Fortress Manhattan: No Real Estate “Crisis” There

by Charles Feldman | October 16, 2007

There is a land where the normal physics of real estate does not hold sway; a place so special, those who reside there are seemingly inoculated from the everyday concerns of mere mortals. The housing bubble may burst; the credit may crunch; the mortgage industry may go so far south that Bolivia would be akin [...]

9 comments Read the full article →