Results tagged “market”

Third quarter real estate data for Manhattan showed that sales for condos and co-ops improved from the second quarter... but sales still trail 2008 third quarter numbers. So, is the glass half full or empty?

The long-awaited Whole Foods at Columbus and 97th Street is opening on Thursday, but yesterday it opened its doors to the neighborhood—for $15 admission, which went to the Riverside Park Fund. MyUpperWest reports, "The store itself occupies two vast floors, outpacing the Columbus Circle in terms of size and selection." And Racked, which calls it a kid-friendly location, adds, "This store won't be selling as many different prepared foods as its downtown compatriots, but what it lacks in variety it makes up in kosherness—a nod to the demographics of the neighborhood," and found that the wine shop (Whole Foods' first in the city) does indeed sell three kinds of Ed Hardy wines. But can someone tell us if the UWS liberals were up in arms about Whole Foods CEO John Mackey's "anti-health care reform" op-ed (here's his unedited version)?

Some more exciting news from the recently reopened Manhattan Bridge archway. While there have been murmurings of tag sales, performances and other ways the space may be utilized, no specific details have been made public until now. The Architect's Newspaper reports that on top of various public programming, the DUMBO Improvement District might be bringing in a marketplace (Robert LaValva's New Amsterdam Market) this summer, with organizers envisioning a showcase of purveyors offering a wide variety of goods, similar to the Borough Market in London. But before you start making a grocery list, nothing is final just yet. They report: "Much of the new programming, including the market, has yet to be formally announced pending city approvals, according to the district, which emphasizes that discussions with public officials are ongoing." If this all happens, expect an opening day around June 28th. It's hard to believe such a beautiful space has been used for DoT storage for so long. Tonight the spacebuster bubble will be set up inside the archway for an event that's open to the public.

Something was lost in translation when a Turkish shop owner went to name his market on 84th and York Avenue. A Fine Blog reports that "he believed that it was something positive that he was saying...like 'not bad.'" U Don't Know Nothing Produce is a much more inspired name than Not Bad Produce, however, so maybe this was a happy accident after all.

The Dow Jones industrial average lost over 500 points today, the biggest one-day decline for the Dow since Sept. 17, 2001, when the market reopened for trading after the 9/11 terrorist attacks. "You have to throw out the history books because there's really nothing to compare this to," Jim Dunigan, chief investment officer at PNC Advisors, tells CNN. Stephen Leeb, president at Leeb Capital Management, says, "People are panicked but it's not the end of capitalism. This may usher in something worse than what we've seen in terms of the economy, but the companies left standing at the end of this will be OK." Phew! The last half hour of trading saw heavy selling despite Governor Paterson's effort to calm investors by letting faltering insurance company A.I.G. borrow $20 billion from its subsidiaries. And a group of 10 banks have given up to $7 billion each to create a $70 billion lending pool to help smaller institutions.

In the first ten minutes of trading this morning, the Dow Jones industrial average dropped more than 300 points, while the major European stock exchanges sank more than 4 percent, the Times is reporting. What color is your parachute? The nosedive is the unsurprising result of several days of increasingly bad news from investment bank Lehman Brothers, which announced its bankruptcy filing after 158 years in business. Today is the first day of trading since the announcement, which also comes with bad news from AIG and Washington Mutual. Since the first minutes of trading, the Dow had recovering slightly, with American stocks doing a bit better than those in Europe.

Let’s not let the bitter turf war between the Fancy Food Show and the Unfancy Food Show eclipse the other fine food event going down this weekend. Sunday marks the third seasonal New Amsterdam Public market – the winter version was a big hit last December, drawing thousands despite a huge snowstorm. The one day-only event draws fine artisanal food vendors to the plaza fronting the New Market Building down by the South Street Seaport.

For decades, residents of low-income neighborhoods under-served by supermarket chains have been getting their hands on produce the old fashioned way: By growing it in their own gardens. In recent years, outer-borough farmers have taken urban agriculture a step further by selling their mostly organic haul at well-organized community markets.

New York City's Department of Finance is projecting that real estate values in the city will remain nearly flat this fiscal (ending September) year. More precisely, it expects only a 1.4% increase in property values, versus an 18% climb this past year.