It isn’t only luxury condos crashing: Hedgies are dropping, too
Today’s New York Times highlights one reason why Manhattan’s high-end condo market is collapsing, as Extell founder Gary Barnett admitted yesterday. James B. Stewart writes that investments in hedge funds, the financial high fliers that funded much of the condo boom, are dropping as dramatically as construction cranes. Stewart quotes Daniel Loeb, founder of the […]
The Collapse of the Crane King
What a shame the Wall Street Journal is hidden behind a firewall, so Extell developer Gary Barnett‘s belated acknowledgment yesterday of the collapse of Manhattan’s high-end condo market mostly passed unnoticed. Let’s rectify that. As noted here long ago, while big building boosters were still singing its praises, sales stalled at Barnett’s ugly One57 tower […]
Throwback Thursday
Click the image to read Bridget Foley on the persistence of fashion plagiarism (or is it inspiration?) from the new issue of WWD. UPDATE: The original New York Times article is here.
Horse manure spreads….
Gripepad has refrained from schadenfreude in response to the legal clouds hanging over Bill DeBlasio and anti-carriage-horse group NYCLASS’ co-founder Steve Nislick, but today’s Daily Beast confirms and adds detail to a scoop first published here in 2009 in “It’s Parkingtown, Jake,” revealing that Nislick’s advocacy against the historic Central Park attractions is likely more […]
Good Building? Great Price? Gutfreund asks $120 million!!
“I think it’s the biggest apartment in New York,” says a real estate aficionado of some standing. “It was the apotheosis of the ’80s,” when Salomon Brothers head and one-time “King of Wall Street” John and Susan Gutfreund bought a duplex at 834 Fifth Avenue for the then-staggering sum of $7 million. Yesterday, in the […]
Fashion Notes: #focusyourselfie
Fashion is dead. Long live fashion. That’s not the news you’ll hear in this week’s relentless run-up to Vogue‘s annual promotional party at the Metropolitan Museum, but it’s the message of “Has Luxury Fashion Priced Itself Into Extinction?” my return-to-fashion-writing essay on The Daily Beast this morning. “The digital culture that’s killing fashion-as-we-know-it could, perversely, […]
Library Journal on Focus: “Historically significant”
In its new issue, Library Journal focuses on Focus. “Tales of famous shoots and industry backstories during the ‘glory days’ of the genre…of the sexual promiscuity and recreational drug use of these (mostly male) photographers,” writes Shauna Frischkorn (a Professor of Photography at Millersville University). “The subject matter will be historically significant to those who […]
David Koch joins the homeless
What do you do when your upstairs neighbor drives you from your home? David Koch, the wealthiest resident of 740 Park Avenue, forced out of the building by water damage following a fire in the apartment above his, belonging to J. Ezra Merkin of Bernie Madoff fame, has checked into a hotel and is checking […]
Focus: “Sex, drugs, beautiful women, and raw ambition,” says Kirkus Reviews
Often snarky and always first, Kirkus Reviews, the book review specialist, has published its view of Focus, and calls the book “a gossipy exposé … of the talented, arrogant, philandering, combative, self-aggrandizing photographers whose work appeared in, and defined, such iconic fashion magazines as Harper’s Bazaar, Vogue, Glamour, and Elle from 1947 to 1997 … […]
FOCUS: Early readers report
Advance Praise for Focus “I thought I knew practically everything about the fashion industry, but Michael Gross has corrected me. His thoroughly absorbing narrative dazzles with the most profound investigation and research. Focus is an enthralling and riveting read!” – Tim Gunn “Michael Gross’s FOCUS is that rare thing: an equally delicious and deeply informative […]