Sunday, July 31, 2005
Friday, July 29, 2005
Thursday, July 28, 2005
According to a comprehensive report by PMI Group , a residential insurance and credit company based in California, risky “piggyback” loans – simultaneous first and second liens – have exploded, and are now exposing lenders to greater risk. Fourty-two percent of mortgages involved piggyback loans during the first half of 2004, compared with 20 percent in 2001. In the New York region, 32 percent of mortgages use piggyback loans. The August, 2005 study ranks the New York region 14th in overall risk for a “wide decline in house prices over the next two years.”
What isn’t explicitly stated by the report is that real estate is both regional and global, largely due to these very types of financial tools (the financing, after all, knows no boundaries, only the bricks and mortar do). I discussed this very briefly here, and posted a really good Times article on this here.
Yesterday, I blew a kiss to Lockhart Steele over at Curbed and it turns out to have been a banner day for him. Curbed just picked up a 2005 Inman Innovator Award in San Francisco, along with the online crew of the Sunday Times Real Estate section, which I contribute to. Par example: You can hear me talk about the Garment District in this audio slide show.
Wednesday, July 27, 2005
I was directed to your blog by a link on curbed.com. I love your blog.
In case you are interested, I am the producer of Living with Legends:
Hotel Chelsea blog http://www.legends.typepad.com. I blog about roaches, obscure and known writers and artists and superstars
associated with the famed Hotel Chelsea.
Anonymous Hotel Chelsea Blogger
Here’s the delio, AHCB: I will definitely link to other NYC blogs just as soon as I figure out how to do that. See, I've been an ink-and-paper journalist for, ahem, more than ten years, so I’m a little slow on the uptake, technologically speaking. But I want to take this opportunity to thank Curbed for linking to my blog and to share a little of the love: The fact is, we NYC bloggers are just the GoGos waterskiing behind the speedboat that is Lockhart Steele, creator of Curbed.
I’m way late to this post (but hey, I just launched this blog). A
Public space: There's room to do better
Op-ed By Harvey Robins, former aide to Mayors Koch and Dinkins, NewYork Newsday
“It would take an addition of $40 million ... to begin to reclaim all our parks to the standard of
M.T.A. Is Expected to Postpone Vote on Railyard Bid
By Michelle O’Donnell and Charlie Bagli
"The board of the Metropolitan Transportation Authority is expected to postpone a vote today to select a winning bid to develop the Atlantic railyard near Downtown Brooklyn, two people connected with the authority said yesterday.”
Damaged Cars Hinder New York's Order for New Subways
By Sewell Chan, New York Times
“A $1.1 billion contract to build 660 subway cars for
Agency Adopts Park Plan for Brooklyn Waterfront
By Robert F. Worth, New York Times
“The proposed plan for a 1.3-mile shoreline park stretching from the
Tuesday, July 26, 2005
This may seem far flung for a blog about
Remember the line at the end of Apocalypse Now, “Oh, the horror! The horror!”? Well, I say, “Oh, the humidity! The humidity!” And yet, as oppressive as the weather has been this summer, it actually feels good to do yoga in a room heated to 110 degrees with scantily clad sweaty bodies whipping up a froth (no, I'm not referring to the real estate market). Yes, it’s Bikram (hot) Yoga on the Lower East Side, the
coolest hippest friendliest studio in
P.S. That's Tricia, director of the studio.
Monday, July 25, 2005
NOTE: Once a week, or thereabouts, I’ll link to what I think are big New York stories, some which will be obviously big, and others that are big in small but important kind of way.
Rival Bid Tops Ratner's Offer to Develop Brooklyn Site
By Charlie Bagli, New York Times
“Extell, an upstart developer active in
By David Dunlap, New York Times
With Many Modifications, Penn Station Project Is 'Go'
“Important details of the latest Farley project - formally Moynihan Station, after Senator Daniel Patrick Moynihan… - have been changed by the new developers and their architectural team.”
By David Dunlap, New York Times
Land Deal Will Restrict Development in Watershed
By Anthony DePalma, New York Times
“The Croton watershed is the smallest of the city's three reservoir systems, but it is under the greatest threat from development and pollution. The heavily wooded 654-acre parcel, known as the Angle Fly Preserve, is the largest privately held piece of property in
Bury That Lede
NOTE: To accompany Big
Too Tall in Park Slope
By Tom Robbins, Village Voice
Tenth ‘graph: “’It was a mistake,’ said [building dept.] agency spokeswoman Jennifer Givner regarding the
Thursday, July 21, 2005
If the global competition for talent is getting ever fiercer – with much better educated people entering the labor force from
Girl on cell: So I went up to my Professor just now? And I was telling him I've chosen a country for my project. He was like, "
--The NYU Bookstore,
I wrote about the legendary store In The Woods on
A professor and some of his students at the Columbia Graduate School of Architecture have been developing a concept called Vertical Farming, or indoor farming. The idea goes well beyond growing hothouse tomatoes. Vertical Farms are many stories high, very technical and situated in urban centers. The students have proposed some fascinating designs, one of which would operate on the Gowanus Canal in
Wednesday, July 20, 2005
Today I learned about a very cool demonstration project taking place in
The New Yorker has an amazing piece this week about everything that the NYPD is doing to keep the city safe from terrorism. The article is so reassuring, it almost reads like a puff piece for Commish Ray Kelly, who is apparently leading the most advanced anti-terrorism team in our nation’s history. The most impressive achievement is that Kelly has managed to cut the hapless FBI out of the NYPD’s investigative loop. The article isn’t available online but an interesting Q&A with author William Finnegan is.