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Real Estate Insights: December 2011 Quotes

The document contains quotes from real estate professionals and others commenting on various real estate development projects and events: 1) Developer Harry Macklowe referred to leverage being a "fickle mistress" when discussing his experience during the economic downturn. 2) Prudential Douglas Elliman broker Raphael De Niro said to spot the next hot neighborhood, follow artists and the gay community. 3) Developer Jed Tas said of one of his projects that he has no idea how the economics will work out but wanted to do something fun and new.

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46K views1 page

Real Estate Insights: December 2011 Quotes

The document contains quotes from real estate professionals and others commenting on various real estate development projects and events: 1) Developer Harry Macklowe referred to leverage being a "fickle mistress" when discussing his experience during the economic downturn. 2) Prudential Douglas Elliman broker Raphael De Niro said to spot the next hot neighborhood, follow artists and the gay community. 3) Developer Jed Tas said of one of his projects that he has no idea how the economics will work out but wanted to do something fun and new.

Uploaded by

news4691
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

In their words...

Leverage can be a fickle mistress.


Developer Harry Macklowe, referring back to his lowest point following the economic meltdown, at the Bloomberg Commercial Real Estate Conference last month.

The months funniest and most insightful comments from real estate pros
[To spot the next hot neighborhood], follow the artists and follow the gay community.
Prudential Douglas Elliman broker Raphael De Niro. (Bloomberg BusinessWeek)

[We developed this project] to have a new experience and do something fun. To be honest, I have no idea how the economics are going to work out.
Developer Jed tas at the lyn Real Estate liamsburg hotel WalenBrookRoundtable, on his companys new Wilproject, tentatively called the Wythe.

Well, she lasted longer than Kim Kardashians marriage!


Anonymous commenter, referring to Adina Azarian stepping down from her role as CEO of the national real estate franchise Keller Williams NYC after just seven months.

If you can afford to buy, [then] buy. ... [If you rent], you are only flushing hard-earned money down the really flashy and expensive self-cleaning toilet that your $20,000 rent affords you.
Jason Fien, director of leasing at Platinum Properties (see related story on page 16).

Robert Scarano, Karl Fischer and Gene Kaufman the three horsemen of the architectural apocalypse. These men between them do not have an ounce of talent and shouldnt be allowed near Legos, let alone our city skylines.
Anonymous commenter, responding to a story in the New York Post about Fischer being one of the most prolific and worst architects in the city.

I feel like Elizabeth Taylors eighth husband on [his] wedding night. I know what I gotta do, but how do I make it sound interesting.
Developer Larry Silverstein at the NYU Schack Real Estate Summit last month, after several speakers gave the same answer he was planning to use in response to a question from the moderator.

ILSA wasnt invented by me, it was invented by Congress.


Adam Leitman Bailey, on the controversial use of the Interstate Land Sales Full Disclosure Act.

A news reader has no business making personal comments on the air. Development is the lifeblood of New York City, whether [he] happens to like it or not.
Anonymous commenter on the local community board weighing in on a proposed skinny tower on West 75th Street after popular NY1 news anchor Pat Kiernan, an Upper West Side resident, blasted it as not welcome.

Its the best security in the world. Nobodys going to rob my house.
One of Governor Andrew Cuomos neighbors in Mount Kisco, on the constant presence of a state police car on the street. (New York Times)
[Link] December 2011 25

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