You are receiving this message because you have visited our site and requested to be contacted. If you no longer wish to be contacted, please use the removal link:Â REMOVE. | | | | Save Big on Summer Hydration | | | | | | There's something special about summer - the longer days, the warmer nights, and endless adventures. The key to soaking up the sun and enjoying all summer has to offer is to stay hydrated. That's where NativePath Native Hydrate comes in. While most hydration supplements overload your body with unnecessary sodium and sugars, Native Hydrate contains precisely what you need â high-quality amino acids, essential electrolytes, and a careful balance of nutrients to support optimal hydration and cellular renewal. Just mix one scoop into water or your preferred beverage to enjoy a range of benefits, including increased muscle strength, and improved bladder health, and optimal hydration and cellular renewal. With its delicious flavors and powerful hydration benefits, Native Hydrate is the perfect companion for all your summer adventures. And with savings of up to 44% off, plus free shipping and a free gift with every order, there's no reason not to stock up now. | | | | | | U.S. Housing Market Defies Seasonal Slowdown | | | | As summer typically ushers in a cooling off for the housing market, the latest data suggests otherwise. Early figures from August reveal continued demand in housing, signaling that the market will maintain its momentum as the year unfolds.
Manufacturing Growth Fuels Economic Optimism August showed a rise in the U.S. manufacturing sector, with the manufacturing index climbing to 57.9. This growth is driven by robust new orders, increased exports, and higher production and employment levels.
ISM Index Confirms Strong Recovery The closely-watched ISM manufacturing index rose to 59.0, marking a significant increase from Julyâs 57.1. This growth points to a recovering sector, which could translate into future job creation and wage increases.
Non-Manufacturing Sector Also Shows Improvement Beyond manufacturing, the broader economy is signaling positive growth. The ISMâs non-manufacturing index rose to 59.6 from 58.7 in July, highlighting improvements across services and other sectors.
Job Growth Slows, But High-Wage Sectors Stay Strong Despite strong economic indicators, August's job growth numbers underperformed expectations. The economy added 142,000 jobs, falling short of the forecast and breaking a six-month streak of 200,000+ job gains. However, high-wage sectors continue to show strength, and average hourly earnings rose by 0.2%.
Mortgage Rates Remain Historically Low For those able to qualify, mortgage rates remain near historic lows, offering a rare opportunity for buyers. Rates have stayed relatively stable and remain below last yearâs levels, making home ownership an attractive option for many.
Next week will provide additional insight with further employment data for August and an early read on Septemberâs consumer sentiment. | | | | Over the last seven elections, this asset class has outpaced the S&P 500 | | | | | | Instead of trying to predict which party will win, and where to invest afterwards, why not invest in an âelection-proofâ alternative asset? The sector is currently in a softer cycle, but over the last seven elections (1995-2023) blue-chip contemporary art has outpaced the S&P 500 by 64%, regardless of the victors, and we have conviction it will rebound to these levels long-term. Now, thanks to Masterworksâ art investing platform, you can easily diversify into this asset class without needing millions or art expertise, alongside 65,000+ other art investors. From their 23 exits so far, Masterworks investors have realized representative annualized net returns like +17.6%, +17.8%, and +21.5% among assets held longer than one year. | | | | | | Art Deco Masterpiece Faces Uncertain Future | | | | The iconic 70 Pine Street tower, one of New York Cityâs most striking examples of Art Deco architecture, may soon face dramatic changes as potential buyers explore converting the building for new uses. This downtown skyscraper, known for its stunning skyline presence since 1932, has yet to be granted official landmark status, leaving it vulnerable to significant alterations.
Architectural Treasure Without Protection Despite its historical and architectural significance, 70 Pine Street has no protection from demolition or radical modifications. Preservationists and architects are closely monitoring the situation as discussions around potential residential and commercial conversions unfold.
A Potential Residential Conversion on the Horizon The towering structure, alongside 72 Wall Street, could be turned into a mixed-use development featuring both residential and retail spaces. This potential conversion raises concerns about how the iconic building could be altered, particularly its wide base, which poses challenges for adapting it to residential use.
Landmarks Commission May Intervene The cityâs Landmarks Preservation Commission has been considering 70 Pine Street for landmark status, but the process has yet to be finalized. Without formal protection, the buildingâs future lies in the hands of its new owners, whose plans could reshape this architectural gem.
Interior Spaces Hold Historical Importance Beyond its exterior, 70 Pine is home to some of Manhattanâs most remarkable interior spaces, including a breathtaking private observatory on the top floor, long admired by architectural historians. These spaces are a crucial part of the buildingâs charm and would need to be preserved in any redevelopment effort.
Preservation vs. Modernization Debate Heats Up Preservationists argue that any changes to the building must respect its historical value. While modern adaptations could breathe new life into the structure, there is concern that inappropriate modifications could compromise its architectural integrity.
With the buildingâs fate hanging in the balance, all eyes are on the new owners and the decisions that will determine whether 70 Pine Street remains a proud symbol of New Yorkâs architectural heritage or becomes a shadow of its former self. | | | | | | | | | | Bentley Rooftop Lounge Up for Grabs: A Rare Manhattan Gem | | | | Rooftop dining and lounges are a hot commodity in Manhattan, with venues like 230 Fifth, Gansevoort, and the Empire Hotel setting the trend. Now, a unique opportunity has hit the marketâa coveted rooftop space in the Bentley Hotel, located on 62nd Street between First and York Avenues.
Rare Rooftop Space Hits the Market The 5,000-square-foot, two-level venue, complete with a 2,000-square-foot outdoor balcony, offers stunning views in every direction. The asking price is $30,000 per month, and this prime location is now available for lease, presenting an incredible opportunity for an operator to transform the space into a sought-after hotspot.
A Hidden Manhattan Gem with Untapped Potential The Bentley Hotelâs rooftop space is not widely known, yet it holds immense potential for a high-end restaurant or lounge. While the current food and decor leave room for improvement, a visionary operator could revitalize the venue and make it a prime destination in the city.
Non-Union Hotel Offers Unique Advantage Located in a non-union hotel, the space has attracted significant interest, offering a unique advantage for prospective tenants. The Bentley Hotelâs management group has decided to lease the space for the first time, and interest in the venue continues to grow.
Prime Commercial Deals Continue in Midtown Meanwhile, several key commercial real estate transactions are making headlines across Midtown. A law firm plans to move into a new state-of-the-art building on Eighth Avenue, and negotiations with its current landlord are ongoing. Another high-profile firm is eyeing the available space at the prestigious Worldwide Plaza, with 640,000 square feet up for grabs after a major tenant's departure.
Luxury Retail Expansions Near DKNY Flagship In another exciting development, luxury retail continues its expansion, with four new office leases signed at 655 Madison Avenue, home to the DKNY flagship store. Additionally, the high-end jewelry and watch boutique owned by Orianne Collins, ex-wife of famed musician Phil Collins, is set to open next to DKNY.
High-End Retailer Sur La Table Expands Upscale cooking and homeware retailer Sur La Table is taking over prime space on Third Avenue near 77th Street. This will be the brand's second Manhattan location, offering a new spot for food enthusiasts to explore gourmet kitchen essentials.
Big Moves at 399 Park Avenue In the corporate world, Pinebridge Investments has signed a major lease at 399 Park Avenue. The firm, once part of AIG, recently closed a significant deal, securing 112,000 square feet in a prime office building. The lease marks a key milestone as Pinebridge moves its headquarters to this prestigious address. | | | | Manhattan Real Estate: Myths vs. Reality in a Shifting Market | | | | The Manhattan real estate landscape is a perplexing mix of contradictions, where soaring development projects stand next to stalled constructions, and industry narratives often conflict with on-the-ground realities. From misguided expectations about investment activity to the curious cases of empty high-rises, the market is filled with disconnects and conflicting truths.
Illogical Development Patterns Persist The aftermath of last year's credit freeze has left Manhattan with an odd mix of projects. Those that secured financing before the freeze appear to be flourishing, while others that missed the window remain at a standstill, showcasing a visible gap between progress and stagnation.
Investment Sales: A Waiting Game Contrary to popular belief, the idea that massive capital is ready to pounce on distressed commercial properties remains largely theoretical. Office buildings are not selling at the discounted prices many have hoped for, and banks continue to hold onto their cash reserves rather than lending to new buyers.
Office Vacancy Rates: A Hidden Problem While official vacancy rates hover around 10.5% for Class-A office space, the reality is that many buildings are filled with unused floors. Companies are willing to pay for space they don't need to avoid the financial burden of subleasing at lower rates, creating an artificial sense of occupancy.
Stalled Developments in Prime Locations Despite Manhattan's reputation as a hub of continuous growth, even the best areas are plagued by stalled developments. Banks remain hesitant to finance large-scale projects, leaving prime locations with unsightly holes in the ground, a stark reminder of the marketâs challenges.
Curious Expansion of Bank Branches One of the most confusing trends is the ongoing expansion of bank branches across the city. Even as banks hesitate to lend for major developments, they continue to open new locations at relatively high rents, adding to the market's contradictory dynamics.
New Hotels in Unwanted Locations New hotel developments are cropping up in less desirable areas, such as West 39th Street and parts of the Lower East Side, while more coveted projects like the Shangri-La on Lexington Avenue have been canceled or indefinitely postponed.
Eighth Avenue: A Boulevard of Contradictions Eighth Avenue has become a symbol of Manhattan's conflicting realities. On one hand, it boasts impressive new developments like The New York Times building and luxury condo towers. On the other hand, itâs home to numerous stalled projects and vacant lots, making it both Midtown's most transformed and most troubled boulevard.
Retailâs Dual Realities Retail in Manhattan is experiencing a split narrative. On streets like Fifth Avenue and Columbus Avenue, vacancy rates are low, with retailers quickly filling available spaces. Meanwhile, other retail zones are rife with empty storefronts, especially in areas south of 49th Street and parts of the Financial District.
The Condo Market: Fact vs. Fiction While developers claim that new condo projects are attracting local families, the truth is harder to ignore. Many recently completed towers remain eerily dark at night, revealing that these units were likely sold to investors who have yet to occupy them. | | | | Bespoke Branding Elevates Private Residences to 5-Star Luxury | | | | Homeowners are turning their private residences into luxury retreats with custom branding, taking inspiration from high-end hotels and designer labels. From unique logos to personalized fragrances, these affluent homeowners are making a statement with their bespoke properties.
A Time-Honored Tradition, Reinvented For centuries, naming homes was common practice, particularly in rural European areas, as a way to distinguish one property from another. Today, this tradition has evolved into a modern trend, with homeowners adding exclusive branding elements to create a unique identity for their residences.
Luxury Brands Redefining the Market Renowned luxury brands like Four Seasons, Aman, and Bulgari have extended their influence beyond hotels, partnering with developers to create branded residences. These homes, linked to globally recognized brands, offer an unmatched sense of exclusivity that appeals to high-net-worth individuals in competitive real estate markets.
Personalized Branding for Family Homes Beyond branded condo towers, homeowners are embracing the idea of personalizing their single-family residences with custom logos, fonts, and branding elements. Whether it's a family crest or a modern logo subtly integrated into the homeâs design, these elements add an extra layer of prestige and sophistication.
Creating a Boutique Hotel Experience at Home Some homeowners are taking the concept of branding a step further, transforming their homes into hotel-like experiences. From branded staff uniforms to custom candles, towels, and even matchboxes, these touches create a refined, cohesive identity that elevates the homeâs ambiance to five-star luxury.
Signature Scents: A Personal Touch One of the latest trends in home branding is custom fragrances. Inspired by luxury hotels that use signature scents in their lobbies, homeowners are now incorporating personalized olfactory experiences throughout their homes, making the property even more memorable for guests.
A Mark of Distinction for Trophy Homes Branded homes are not only visually striking but also hold greater market appeal. From historic estates to modern mansions, giving a home a name or logo allows it to stand out from the crowd. A branded home is more than just a residenceâitâs a statement, a legacy, and a lifestyle. |
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