Plutocrat Podcast
Last week, William D. Cohan interviewed me on covering the world of wealth in New York at a 92Y Talk. Here’s the podcast.
Secrets of the City, Revealed
“One of our most provocative journalists, Michael Gross has cornered the market for insiders’ stories of the most bewitching and private worlds of the privileged, very rich, talented and beautiful,” says the 92nd Street Y, announcing my forthcoming appearance there on the night of June 12th, when I’ll engage in conversation with William D. Cohan, […]
15CPW: Still the Champ
Real Estate Weekly reports that the highest price per square foot achieved in New York last year was nearly $10,000 paid for a sky high apartment at Fifteen Central Park West. That’s more money (by a significant measure) than any of the wannabes on the Billionaire’s Belt attracted. Toldja so.
Trump: Model Candidate
Read my latest story on Donald J. Trump on The Daily Beast. “I’m sorry, Ivanka, I really am, but here’s the sad truth: Your dad’s not a dog. He’s a pig.”
15CPW is #1 again
The House of Outrageous Fortune, Fifteen Central Park West, has once again climbed to the top of the New York apartment house heap according to a semiannual report from City Realty with average resales of over $6,000 per square foot, $1,000 more than newer, taller competing properties like One57 and 432 Park–and that despite a […]
Focus is “mind-blowing,” says Barry Kieselstein-Cord
“This is the best book on the real world of top photographers in the fashion industry ever,” says designer Barry Kieselstein-Cord. “Having hired and worked with many of them covered in Michael’s book I can tell you the back stories are mind blowing. Anyone remotely connected to fashion should read his book!”
It isn’t only luxury condos crashing: Hedgies are dropping, too
Today’s New York Times highlights one reason why Manhattan’s high-end condo market is collapsing, as Extell founder Gary Barnett admitted yesterday. James B. Stewart writes that investments in hedge funds, the financial high fliers that funded much of the condo boom, are dropping as dramatically as construction cranes. Stewart quotes Daniel Loeb, founder of the […]
The Collapse of the Crane King
What a shame the Wall Street Journal is hidden behind a firewall, so Extell developer Gary Barnett‘s belated acknowledgment yesterday of the collapse of Manhattan’s high-end condo market mostly passed unnoticed. Let’s rectify that. As noted here long ago, while big building boosters were still singing its praises, sales stalled at Barnett’s ugly One57 tower […]
Panama Papers target 15CPW’s Condo King Rybolovlev
Today’s Irish Times delves into the leak of “more than 11 million documents, dating from 1977 to December 2015, [that] show the inner workings of Mossack Fonseca, a global law firm based in Panama that helps customers create offshore shelters.” One of those customers is Dmitry Rybolovlev, purchaser (through an LLC, as first revealed in […]
The Fed: Manhattan luxe real estate market squirms like a slug
The Federal Reserve Bank says the market for high end real estate in the nation’s hottest market “has been particularly sluggish, reflecting excess supply” since the beginning of the year. You read it here first. Business insider reports the finding and uses Arthur and Will Lie Zeckendorf‘s 15 Central Park West as a symbol of […]