Macklowe Sees Value in Manhattan's Slowing Luxury Market

The transcript discusses the current state of the real estate market, highlighting a slowdown in high-end property demand and the impact of housing production in NYC. It emphasizes the importance of market certainty and pricing strategies, and the shift from condominiums to rentals. The discussion also touches on the influence of the political administration on market confidence, particularly with a developer in the White House.

What are the characteristics of a property that could be considered doomed in the condominium market?

How does the current administration's business outlook affect confidence in the real estate market?

What are the implications of having a developer in the White House for the real estate industry?