Quote:
Originally Posted by Prezrezc
I'm sure many of us had--and prolly still have--some doubts as to the continued sustainability of this whole construction megaboom.
I'll wager there's some Greenspan-worshipping "irrational exhuberance" mantra-chanter lurking in the bushes hopping in vain for the deafening sound of a popping bubble.
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I think the boom will continue. There's a lot of "cheap money" for developers, and with all of its old buildings, NY has a demand for new space.
That being said, since Related recently lost out on Pfizer, E&Y, and Morgan Stanley, I doubt that they'll let this big fish get away without a massive fight.
Larry versus Related is like any of us fighting Mayweather.