In their words... “The number of trees that I am responsible for killing as a result of my practice is tremendous.” Real estate attorney Stuart Saft, on the massive amount of paperwork generated by condo offering plans
“It’s a lot of money and a lot of time and it can be a crapshoot.” Corcoran Group’s Deborah Rieders, on why trying to secure preapprovals for major construction before selling a luxury home may not be worth the effort.
“If they repealed the Urstadt Law, New York City would look like Havana.” Former state housing commissioner Charles Urstadt, speculating about possible rent hike freezes if oversight of rent regulation is given back to the City Council. 28 June 2014 www.TheRealDeal.com
“We’re not going to tell them how to run their business. They run it bloody well.” Savills CEO Jeremy Helsbly, on the British giant’s $260 million acquisition of tenant rep firm Studley.
The funniest and most insightful comments on real estate
“I guess better to be associated with buyertigue than twerking!” Warburg Realty’s Jason Haber, Tweeting about coining a new phrase to describe buyers’ frustration with low inventory levels.
“When the facts change, the only right thing to do as a public-serving institution is to take a look with fresh eyes.” New York Public Library president Tony Marx, on the library’s decision to cancel its plans to carry out a controversial renovation after costs skyrocketed.
“I wish we could put it on the market and get some money and finish this already.” Serbian consul general Mirjana Zivkovic, on the difficulties of selling a 13-room Park Avenue co-op whose ownership is now fractured between Yugoslavia’s five successor countries.
“I do not have funds to pay the accountants.” Developer Shaya Boymelgreen, on how over $50 million in judgments against his company have left him hard-pressed for cash.
“What I know about hospitals I’ve learned in the past 30 days.” Larry English, attorney and partner in Brooklyn Health Partners, following his failed bid to buy the Long Island College hospital redevelopment site. Sources: The New York Times, Twitter, Crain’s, The Wall Street Journal, New York Daily News.