CategoryHistory Notes

After A $100 Million Retrofit, San Francisco’s Millennium Tower Stops Sinking Sales Turnover Appears To Have Normalized Prices Still Haven’t Recovered, But Outlook Appears Better Back in 2016, I remember learning about the Millennium Tower in San Francisco, which by then had sunk 16 inches and leaned 6 inches. Some opined that the values "postsinking" fell close to zero. Back...

During The Housing Boom, Manhattan Developers Discovered Potential Of Leased Land As Development Sites Ground Lease Payments Can Push HOA Fees Significantly Higher Battery Park City MultiFamilies Are All Subject To Ground Leases Before the great financial crisis, I remember a major Manhattan developer, Extell (named initially “Intel” until the tech giant pushed back, so they renamed it), ran out...

• Detroit’s Population Increased Last Year For The First Time Since 1957
• Housing Prices Remain Low As The City Strives To Reinvent Itself
• A Lot Of Green Vacant Space Exists As City Shrinks From Its Manufacturing Start

• 9/11 Imagery Is Obviously Seared Into The Memories Of People That Were There
• NYC Outbound Migration After 9/11 Reversed Within 3 Years
• Manhattan Housing Tends To Recover Within 2 Years After A Catastrophic Event

• By The 2005 CNBC Town Hall Special, The Housing Market Was At Peak Sales
• Robert Shiller Said It’s Hard To See A Bubble When You’re In One
• Lesson Learned In The Pandemic Housing Boom – Lenders Never Lost Their Minds

• Higher monthly maintenance for co-ops costs drives down achievable sales prices
• Office-to-residential conversions weren’t more commonplace until the 1980s
• Manhattan’s financial district continues to transition from 9-5 to 24 hours