26 contracts were signed in Manhattan last week for property priced at $4 million and above. Perhaps, the winter slowdown plus price reductions may begin to fuel higher activity for the Manhattan luxury market.
Amazon had intended to open a HQ in Long Island City but local politicians and some local residents opposed the opening feeling that too much was being given away. Nearly $1.5 billion in tax incentives were being allocated. As a result of the push back, Amazon took their semi-empty cardboard boxes filled with one item and went home.