| You can't just dangle a birdie in front of Massey Knakal's Michael Gembecki, Rob Shapiro, Tom Donovan, Adrian Mercado, andDavid Simone and tell them to say, “Cheese.” You need numbers—and Massey Knakal had some good ones this week. NYC property sales are steadily improving: $19.2B in sales in the first three quarters, on track for $25.6B for the year. Although sales volume is 17% lower than the 2005 to 2010 average of $30.8B, it's up 80% from last year. So far, there've been 41 sales greater than one million Benjamins ($100M if you can't count that quickly), up from 27 in '10 and only nine in '09. We'd be smiling, too. |
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