In their words...
The funniest and most insightful comments on real estate
“I’d be crazy not
to accept them as payment.” Bond New York’s Noah Freedman on the brokerage’s move to allow clients to pay using Bitcoin. [CNBC]
“One57 is Exhibit A in what we should be able to prevent.”
“I’d wonder what the dark side is.” Super-broker Dolly Lenz is a bit more skeptical about the cryptocurrency. [CNBC]
Michael Kimmelman, architecture critic, on how Gary Barnett’s towering condo is a prime example of the dangers of lax air rights regulation. [New York Times]
“It was like a [Works Progress Administration] project for the legal department.” “So far, it’s been a combination of smart people we know and respect.” REBNY’s Steven Spinola gives Mayor Bill de Blasio props for his picks for key development positions at City Hall. [Wall Street Journal]
“They’re not really paying attention to the financial market.” Avison Young’s Jason Meister on how Chinese investors in NYC are less focused on cap rates and yields than domestic investors. [Fox Business] 28 February 2014 www.TheRealDeal.com
Developer Roy Stillman, on the complexity of the deal he struck with Sol Goldman’s estate to develop an Upper East Side residential project.
“I just hit a
million [fans] on Facebook. What’s going on here?” The ever-immodest Donald Trump, in a post about reaching a social media milestone. [New York Times]
“Who would have thought when I was growing up with pigeons on the roof, Brooklyn would be such a sizzling place.” NYU president John Sexton, on opening the university’s new engineering school at 6 MetroTech Center in Downtown Brooklyn. [Wall Street Journal]
“If you don’t like what someone did, you take them to “Lenders are going to be court. You don’t looking for a way to keep kill them.” Abraham Buxbaum, brother-in-law and occasional business partner of Williamsburg developer Menachem Stark, speaking out after Stark was kidnapped and murdered.
their staffs busy.”
Erin Lantz, director of Zillow’s Mortgage Marketplace, on how rising interest rates and fewer deals will force banks to get creative. [Bloomberg News]