The Full Nelson: Tax Reform Impact on Residential and Commercial Real Estate

January 28, 2018 | 9:03 pm | TV, Videos |

James Nelson, a commercial broker powerhouse who just moved from Cushman & Wakefield to Avison Young, came to my office and interviewed me on the new federal tax law and related subjects for his Globe Street blog column called “The Full Nelson“.


[click on image to watch interview]

He provided NYC sales volume data for all NYC boroughs but Staten Island – and I combined it with the residential data we collect to see how the real estate types compare side-by-side.


[click to expand]

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[Media] Bloomberg Markets Interview January 11, 2018

January 11, 2018 | 11:07 pm | | Milestones |

So I was walking down Fifth Avenue in Midtown Manhattan in the late morning after a meeting and got a call from Bloomberg TV. Apparently, two different stories that featured two of the market reports I author – published by Douglas Elliman – were the number one and two most emailed on the Bloomberg Terminals worldwide.  They wanted to talk about them.

So I took a left and walked over Bloomberg HQ.  Got to speak with Vonnie Quinn and Shery Ahn on set – who knew how to make an interview go well.

This is a 2-minute clip of the 5-minute interview, but you’ll get the gist. I’ll expand on this discussion tomorrow at 2 pm when my weekly Housing Note is released.

[click to view video]

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Bloomberg TV – Housing Related Issues in Final Version of the Tax Cut and Jobs Act of 2017

December 27, 2017 | 9:07 pm | Investigative |

Today I joined Joe Weisenthal and Julie Hyman on Bloomberg TV’s “Bloomberg Markets” for a discussion on the impact to the U.S. Housing Market in the aftermath of the new Tax Cut and Jobs Act of 2017 that was signed into law by the president on December 22, 2017.

Here are about 2 minutes of the 5-minute interview:

Back on December 14, 2017, I provided a summary of the proposed tax bill comparing the House and Senate versions. The bills were merged into committee and signed by the president into law on December 22, 2017, effective January 1, 2018.

You can download my housing summary regarding the final version of the new tax law [pdf].

Fun side note: Here’s the stock photo of me that Bloomberg uses whenever I appear on television or radio. In this case, its projected about 15′ tall for TV. It’s a picture Bloomberg took of me about 14 years ago – circa 2003. I look like I’m in high school. I guess that shows how long I’ve been a regular contributor.

UPDATE to fun side note Someone just shared my current bio photo on the Bloomberg Terminals taken about 20 years ago.

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NY1 TV, ‘Mornings On 1’ with Pat Kiernan

December 14, 2017 | 4:48 pm | TV, Videos |

Yesterday I joined Pat Kiernan on NY1’s Mornings on 1 show to talk about the proposed tax GOP tax bills agree to by the House and the Senate. Pat is a local broadcasting legend so it was great to actually meet him in person.

Later that day a couple of sticking points separating the two versions of the bills were addressed in the congressional committee. Once they agree to the terms, they’ll probably hold a vote next week and then send to the president for signature.

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On Bloomberg TV: What’d You Miss? 10-5-2017

October 5, 2017 | 8:25 pm | TV, Videos |

I had a fun conversation on Bloomberg Television with Scarlet Fu, Joe Weisenthal and Julia Chatterley. We were discussing the results of our research behind the Elliman Report: Manhattan Sales 3Q17 that was just released. Here is the Bloomberg story on the report results.

Here’s a portion of the interview.

If you’d like to see the whole segment, my interview starts at the 48:40 mark although I really like the format and the hosts so you might want to watch the whole show.

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The NYC Downtown Resurgence After 9/11

September 11, 2017 | 9:40 am | Milestones |

It’s hard to believe that it’s been 16 years already since 9/11. The name of the attack is now referenced as a noun and every year I think about the events of that day – getting emails from out of state friends and colleagues asking if I was ok, with one asking if I was still alive; Watching the second tower fall; walking to Fifth Avenue and then to Sixth Avenue to see the towers in flames; No cell service; losing all access to public transportation; literally walking northward out of Midtown with throngs of others; getting a lift from my friend’s mom to Westchester county, then borrowing the car to get home to my family in CT; Debriefing with my neighbors who were standing outside like everyone else trying to learn what happened; learning that a parent of my of my son’s classmates was in the tower; hearing stories from neighbors who were talking to someone on the phone in the towers when a plane hit and the line went dead.

It seemed that everything I knew was going away and never coming back. Yet NYC showed me it never quits and I’m proud to be part of it.

Here is my interview with Tom Keene on Bloomberg TV this morning on the resurgence of downtown over the past 16 years.


UPDATE Immediately following the television spot, I walked over to their radio studios and spoke with Tom again as well as David Gura. My interview with Tom Keene and David Gura on Bloomberg Surveillance Radio so click on the graphic below and go to the 10-minute spot:



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VIDEO Nightly Business Report: U.S. Luxury Market Trends

August 6, 2017 | 7:54 pm | TV, Videos |

Diana Olick of CNBC interviewed me on the reason behind the luxury market uptick as a companion piece to her story on the luxury report released by Redfin.

The luxury real estate story starts at 20:58 into the broadcast:


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[Forbes] Penthouse Juxtaposition – What Developer Wants v. What Market Supports

June 15, 2017 | 5:14 pm | TV, Videos |

No one will argue that a $70 million penthouse can be special. But when a penthouse has many open houses and sits on the market for more than a year, it seems reasonable to wonder about pricing.

Samantha Sharf at Forbes presented a great video that juxtaposes the amenities of the apartment with my perspective on the state of the super luxury market and the next possible housing cycle in front of us. When they filmed this in Bryant Park, there were many people standing and watching off camera which was kinda fun despite my serious slouching.


[click on image for video]

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[In The Media] Bloomberg TV: October 4, 2016

October 6, 2016 | 8:00 pm | | TV, Videos |

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Had a nice chat with Scarlet Fu and Matt Miller on Bloomberg TV, to discuss our 3Q2016 report on the Manhattan residential sales market that I author for Douglas Elliman. We referred to Oshrat Carmiel’s Bloomberg News story on the Manhattan housing market that went viral on the Bloomberg Terminals as the number one read story world wide and the story chart made their “Chart of the Hour” on their home page.

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[Video] Providing the right context for Manhattan and Miami housing markets

April 2, 2016 | 11:48 am | | Favorites |

I really enjoyed my interview over at Yahoo! Finance this week discussing the release of the Elliman Report: Manhattan Sales 1Q 2016. Love their longer interview format.

Note the “two comma” reference taken from the HBO show Silicon Valley:

Miller also rejects the thesis that Manhattan’s two-comma real estate prices were being fueled solely by foreign money and are now jeopardized by global uncertainty and a stronger dollar versus emerging market currencies.

Additional insights on the report shared on the recent edition of Housing Notes. Sign up here.

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[VIDEO] Boomberg Radio/TV ‘Surveillance’ 9-21-15

September 21, 2015 | 11:45 am | Radio |

I was set to speak in studio with Tom Keene and Pimm Fox but had a commuting snafu and had to call in. It was a great opportunity to show a picture of me as a 15 year old. Love these guys. The best. The Bloomberg Television/Radio are clearly pros and handled the last minute change with ease.

We talked about lots of housing markets and the distortion being created by credit conditions.

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[Video] China’s investors and the safe haven of American real estate

August 31, 2015 | 4:10 pm | | TV, Videos |

Here’s a summary of potential future actions by Chinese investors with the recent spate of volatility in the financial markets.

According to Jonathan Miller, president of appraisal firm Miller Samuel, the tumult in China may lead to even more money finding its way into American residential and commercial real estate. “There are not a lot of investment vehicles in China,” said Miller. “You have the [Chinese] housing market, which is a pretty significant bubble. You have thousands of ghost cities that have been constructed. On top of that, you have a pretty volatile stock market situation. So there is some speculation that there actually will be outflow as a result of this and maybe that will end up in the U.S.” Costello concurs with Miller, noting that China’s insurance companies have been allowed by their regulators to invest in foreign real estate only since 2012. “Unless and until they have to cover losses at home, they’re not going to sell these properties,” said Costello. “They’re going to hold them for the long term.”

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