Quote Originally Posted by BrushStart View Post
Crain's reported that Lofts at Merchant Row are at 90% occupancy with more permanent-type residents. Another Crain's article from a few months ago reported that downtown's residential space was reaching capacity. .
Crain's always just asks for the occupancy rates and/or how many units were sold from the developers themselves. They never independently verify what is the truth and what is a bold face lie by the developer.

My favorite was from an article awhile back about the Ponchartrain. They actually bought hook, line and sinker when the previous owner stated that they had put several million dollars into the hotel.

This was obviously not true but they printed it as fact.

Or of course the famous "million dollar" condo that was sold at the Book Cadillac--what a bunch of crap that was!!!!!

Does anyone remember that pullout that Crain's featured awhile back regarding the median sales in Midtown? I can't remeber the exact number but it was so out of whack with reality that it was embarassing.