Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
The Media’s Unproductive Obsession With Oligarchs and Gentrifiers By: Stephen Smith on February 20th 2015 at 4:00 pm Time Warner Center, image from Wikipedia Earlier this month, the New York Times published the results of its year-plus-long investigation into the buyers of condos at the Time Warner Center and other buildings around the bottom of Central…
NEW YORK DAILY NEWS Published: Monday, February 16, 2015, 10:06 PM Updated: Tuesday, February 17, 2015, 2:49 PM They’re 500 feet apart: the city’s most expensive penthouse and a 50-year-old homeless man swaddled in five blankets. “I just survive,” Deuce said Monday, as he burrowed deeper to escape the brutal cold just half a block…
(Bloomberg) — One Tuesday last month, a buyer at Manhattan’s Stella Tower completed the $5.35 million purchase of a two-bedroom condominium on the 14th floor. That Friday, the home was listed for rent at a rate that makes it one of the costliest apartments in the midtown west neighborhood. The buyer, a shell corporation listed…
It’s going to be unbearably cold this weekend, so we’re being treated to some unbearably irritating (though incredibly necessary) subway changes. Some things of note: the L will once again suspend service between 8th Avenue and 14th Street-Union Square, the N is suspended between Astoria-Ditmars Blvd and Queensboro Plaza during the day, and Brooklyn-bound 4…
NYT_INLINE_IMAGE_POSITION1 Correction AppendedPHILADELPHIAWEARING a Paul Green School of Rock T-shirt, his bangs plastered to his forehead in the summer heat, Laris Kreslins pulled in front of a handsome brownstone on Rittenhouse Square, the priciest neighborhood in the city, and hopped out of his car. Skip to next paragraph Ryan Donnell for The New York Times…
Queens Rents Get Pricier Than Brooklyn’s, Report Finds View Full Caption NEW YORK CITY — Queens’ rental prices are catching up to Brooklyn’s — and surpassing them. The ascendance of Queens has been a common refrain for more than a year now. Last month’s rents for the “hot” northwestern part of the borough that includes…
Lax U.S. rules and real estate industry’s no-questions-asked approach make it easy for dodgy characters to funnel wealth through high-end Manhattan apartments. One day during Chen Shui-bian’s second term as Taiwan’s president, several people lugged what a witness described as “five or six” fruit boxes into the presidential residence in Taipei. Inside the crates, the…
In a country beset by increasing wealth and income inequality, few places are more economically disparate than New York City. Part of what drives income inequality in New York is that it’s an extremely attractive place for the global elite to live, or in many cases to park their vast fortunes. On Sunday, The New…
One57, on West 57th Street, where a penthouse is reportedly in contract for $90 million. (Photo: Rendering Courtesy of Extell Development) Additional reporting by Michael Hudson of the International Consortium of Investigative Journalists. PART I. THE BUYER The buyer, an Italian, was in town for a week, with a million or so dollars to spend….
The last homicide to occur, on February 1. (David Torres) As the headline says: New York City has not been the setting for one single murder for an entire week. Congratulations #NYPD – 0 Murders in NYC for week ending Feb 8th!! Keeping NYC Safe! @CommissBratton — Roy T Richter (@rtrichter) February 9, 2015…