Gea Elika - Articles

The Highest of the High-End Takes a Hit

Like the rest of the Manhattan real estate world, this column devoted significant coverage over the past couple of years to developments at the 15 Central Park West and the Plaza. The two properties were full of promise and had been selling units at a brisk pace. Read

By: Gea Elika | 08/07/2009 | Real Estate

Observers Look to Downtown Manhattan to Help Fuel Real Estate Rebound

Most of the talk in New York real estate circles these days has centered on the national recession, the pain it has caused the NYC apartment market, and when it's all going to end. The recent Deutche Bank report has fueled the debate, as have recent prognostications of a global recovery – most of latter having stemmed from perpetually overly-optimistic business writers. Read

By: Gea Elika | 06/07/2009 | Real Estate

Coming Back Home

The real estate market, in comparison to most markets, moves at a glacial pace. Housing and property are, after all, two of the most illiquid assets you can buy. That illiquidity makes sense: you can never move it; for most lots it’s hard to sell just part of it and keep the rest; holding it costs money; selling it costs money. Read

By: Gea Elika | 26/06/2009 | Real Estate