Building 157 News Today

Determined that about 30% of all sales in large scale new manhattan buildings since 2008 have been to these sort of foreign type investment entities. >> take, for instance, a building. 157. that tower going up. nobody who has a family or -- is buying in that building. so describe, lets take that building, describe what is going on there. >> you have a mix of people 157 a great example. about more than half of the sales that have closed so far have been to llcs, to unidentified entities. we reall...

Price are buying under their own names and many do appear to be of foreign extraction. people buying either as an investment, as a status item, or just one unit in the building which is bought by an llc for some 30 some million dollars a couple of weeks ago is put back on the market for 41 so a nice return to their investment. >> nice paint job. >> gene, one of the things i find so on interesting about this, you see different buildings attract different people from different places and it become...