In their words...
The funniest and most insightful comments on real estate
“If we needed a hospital, and someone said, ‘We’ll give you a hospital, but 80 percent of it would have to be for the wealthy,’ we’d run them outta town.” Democratic Congressman Charlie Rangel on what he sees as the absurdity of government assistance for luxury housing projects.
“I worry about too many condos in the Midtown corridor being on the market at the same time.” Olshan Realty’s Donna Olshan, on how oversupply could result in falling condo prices.
“Having Whole Foods as an anchor is like going to the ball with one of the belles.” Retail broker Peter Ripka, on how proximity to the popular supermarket will buoy Jared Kushner’s Gowanus site.
“It just doesn’t make any sense.” Massey Knakal’s Bob Knakal, questioning the logic of the city hiking commercial property tax rates while supporting a rent freeze.
“One day I have to know all about feng shui, and the next I have “If you’re well off, it doesn’t take to be able to talk a lot of effort to reorient your to a pig farmer life, especially if New York is from Iowa.” still an unfriendly place to die.” Extell Development’s
26 August 2014 www.TheRealDeal.com
Engel & Völkers’ Julie Zelman, on how playing poker has helped her sell more than $50 million worth of real estate.
“It has completely blown up. “I think de Blasio’s We’re getting [subpoenas] all over the city and the Hamptons.” a disaster A source at Halstead Property, on how the Federal Aviation Administration is coming after the brokerage for using drones to take property photos.
Jeannie Woodbrey, on keeping up with the diverse buyers at One57.
“If you’re sitting at the table for 10 hours, you get to talking about personal stuff.”
Ronald Weiss, a Skadden Arps partner, on how New York’s revised estate tax may prompt the state’s richest residents to flee to Florida.
for the city.”
Two Trees Management’s David Walentas, mincing no words when describing the new mayor.
“If they think they can be an island and still be a leader in the property market, it’s not right.”
International Property Measurement Standards Coalition president Kenneth Creighton, on the need for New York City’s real estate industry to embrace global measurement standards. Sources: Capital New York, New York Times, New York Magazine, New York Post, Bloomberg Businessweek, Wall Street Journal and The Real Deal reporting.