Electrified by Energy Glass

How is it that a simple idea can be so elusive? Then, suddenly, WHAM!-- there it is, the obvious solution! Energy from the sun-- NOT solar--from totally transparent glass. It is the patented creation held by one company--here in the United States--by a visionary inventor who is now partnered with a brilliant and incredibly nice guy.

What is truly mind-boggling is that the technology actually exists now in its nascent stage, and will surely revolutionize energy in years to come in the same way Apple reinvented technology. Not to mention job-creation here in the United States. So, in high rise office buildings now (and someday surely available at Home Depot for your home) you can have architecturally stunning buildings that can enjoy equally stunning views--minus ugly solar panels. By the way, did anyone ever answer the question as to what happens to solar panels years from now when they no longer work? Not allowed in landfills. Another problem for your children and grandchildren to deal with twenty years from now. Energy glass? Not a problem.

And now the best part. The collection of energy can keep working 24 hours a day, if you so chose to leave the lights on in your office (LED lighting, of course), because interior lighting also creates a "double shot" of energy production. So, the cleaning lady is actually helping you with the grid, while doing the vacuuming.

Most amazing of all is that the glass is laminated with energy producing nano particles that allow all this to happen. I will not get too technical here. Suffice it to say that I saw the process at the plant in Florida and stood in amazement as I watched the light coming in from the parking lot being transmitted to a battery, proving to the simplest mind (mine) that this actually works!

Since hotels and real estate are my worlds, this seemed like a natural extension of interest. With unbounded zeal, I am spreading the word to all hotels and real estate companies to take up the cry. And, by the way, the glass also meets certifications for hurricane, typhoon, tornado, forced-entry, bullet resistance, fire protection and terrorism-proof. I will keep you updated on these wonder-windows.

One last thing, for the moment. The owner of the company, Art, has a test case use for the glass to charge his cell phone. It is the only one of its kind right now, but I think, had he had time, Steve Jobs's next project would have been an I-Energy Apple.

Feeding Frenzy in New York Hotel Real Estate

Chinese, Indian and Russian buyers scouring the New York City hotel real estate market are as ubiquitous as bedbugs these days. And both have a tenacious presence that leaves me wondering how this phenomenon overtook us.

Of course, we are delighted that these foreigners have realized what a great investment is the New York City real estate market. We remember when Japan discovered Rockefeller Center and its environs, as well as many less familiar office buildings. Money is now being poured into our infrastructure with abandon again from Asia. Imbalance of the dollar is one thing. Ego-driven buyers are another.

Let's face it. Wouldn't you rather own a famous hotel in midtown rather than an office building in the garment district? Bragging rights at cocktail parties garner so much more awe-inspired looks and high-rise envy. Ask Donald Trump.

What is amazing to me as a real estate person is that there are still the "naysayers" who believe these hotel sales of lesser known and sometimes weirdly located properties are a "bad investment." Today I was told that the most recent statistics prove that there is overbulding in New York City. Occupancies in January and February 2011, I am told, were below 70% and hotels lost money. Imagine that!!!

My response to these numbers guys is, "Are you kidding me?" This was the most dreadful winter in my life, ever, since I began recording temperatures on my own Weather Channel. I, for one, did not venture outside my front door except to purchase provisions at Whole Foods. So, I do not expect tourists were planning to visit New York City to swan about in Central Park.

I have lived in New York City since 1975. Had I had foresight and money at that time, I would have bought a one bedroom apartment that was offered to me around the corner from Central Park on West 70th Street. It was a charming brownstone, with one bedroom, high ceilings, a built-in bookcase, a back garden access and a loft. Fireplace, of course. I did not have money for the deposit since these were lean days. My friend bought it for $72,000. Today, that same apartment would probably add a couple of more zeros and be done with it. Regrets, I have a few, in the words of Frank Sinatra. That is definitely one of them.

So, to all my colleagues who are predicting the overbuilding of the New York hotel real estate market and who feel it is "way overpriced" I say, "Look to the future." My colleague told me today that the J.P. Morgan Chase numbers guys are looking at those January/February occupancy rates as an ominous indicator of the future profitability of hotels. So, do the foreign investors not care? Are their numbers guys not analyzing the deals correctly? Of course they are. They just have lots of money to spend, which they need to get it out of their respective countries.

In fact, unless the Indian Power Plant melts down in the next few months, I believe we can safely bet on the insanity of these hotel sales continuing to rise at an ever more fevered pitch. There is virtually no hotel inventory left in New York City. We are now looking at converting office buildings to hotels, even in the garment district!

I think the bedbugs have it right, and they are going to remain entrenched in the expensive high rise apartments and newly bought hotels. They are equal opportunity critters, after all. I intend to follow their example and pledge my allegiance to this City, this Borough, this Island. For the sake of our budget deficit requiring new taxes and transfer fees to pull us New Yorkers out of a very deep financial hole, let us hope the Asians and Russians continue to have the same tenacity.