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Is Amazon Killing NYC Retailers Or Is The ‘Rent Just Too Damn High?’

A few weeks ago, the office of Council Member Helen Rosenthal of New York’s 6th District published the results of a business survey conducted on the Upper West Side that showed, among other things, that some 12% of retail store fronts lay vacant.  Of the 1,332 storefronts that we surveyed, we identified 1,170 active businesses […]


$1 Trillion Norway Wealth Fund Sees “Red Flag” In Real Estate Market

Back in September, we pointed out that assets managed by Norway’s sovereign wealth fund had surged to over $1 trillion after they made the controversial decision to increase their exposure to global equity bubbles (see: Norway Wealth Fund Assets Surge To Over $1 Trillion On Massive 70% Allocation To Equities).  The move has worked out […]


Suspect Identified In NYC Terror Attack That Left 8 Dead; Pled Allegiance To ISIS

Update 10:10 pm: The New York Post is reporting that victims of today's attack included American students and adults who were on the school bus that was rammed, along with 5 Argentinians and one Belgian. Argentina’s Foreign Ministry has confirmed that several “Argentine citizens” were among the dead, though it’s unclear how many.   Didier […]


NYC Foreclosures Surge 79%; Most Since 2009

A few weeks ago we noted that New York’s ‘smart money’ at a variety of U.S. banking institutions were tripping over each other to underwrite dividend recaps for owners of expensive commercial real estate projects just as buyers of those properties suddenly dried up completely (see: NYC Commercial Real Estate Sales Plunge Over 50% As […]