Pretty slim pickings on Real Estate news this morning. There have been plenty of reports out this week showing the weakness on the national scene, but Manhattan, despite lower traffic seems to be holding up just fine price-wise.
Food for thought: if the US Dollar, which has been showing signs of life, starts to appreciate, would this create a surge in foreign buying? Theoretically, if foreign buyers thought that they could take advantage of the cheap dollar to buy real estate and also see that dollar appreciate, they double their odds of making money. Just a thought.
15 Union Square and Chelsea Modern Deemed Standouts (NY Times)
Outdoor Space: Oasis For Some, Storage For Others (NY Times)
Checking In On NYU Dorm/Church Combo..Uggh! (Curbed)
Exit Strategy For Willets Point Plan? (NY Observer)