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Douglas Elliman’s Sonia Stock on Her Journey From Tennis Pro to Broker – Commercial Observer

Among the residential brokers who take a whack at commercial, there is a steep learning curve . The businesses, everyone will tell you, are extremely different. Success in one rarely translates to success in another, and very few manage the transition. But Sonia Stock, an associate broker at Douglas Elliman, is good at taking a whack at things—be it a tennis ball or a client from out of nowhere. Like this one time… In the summer of 2004, Stock (then focused solely on residential) had a dental appointment in Union, N.J. Coming from New York and being a runner, she figured she’d take the train from Penn Station to Rahway (the station closest to her appointment) and sprint the eight miles to her dentist. But when the train arrived late , she knew running wouldn ’t get her there in time. So the experienced world traveler hit the side of the road and stuck out her thumb and was picked up by a woman in a Mercedes. “We got along very well,” Stock said, recalling what would turn out to be one...

New Yorkers Are Fleeing To Los Angeles In Droves, Study Shows

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NEW YORK, NY — It's one of the oldest rivalries in American migration: New York vs. Los Angeles. For the better part of a century, residents of the nation's two largest metro areas have been defending their chosen kingdom and dismissing the other on an endless loop of judginess between kitty-corner coasts. Ew, the traffic! But the sunshine! But the subway! But the garbage! But the skyline! But the coastline! But the bustle! But the chill! In this tireless war of words, a clear winner has yet to emerge. But it's harder to argue against the numbers. Thousands of working professionals have relocated to Los Angeles County from New York City in the past year and a half, according to a series of monthly "workforce reports" released this spring and summer by the job- networking site LinkedIn (and spotted by LA Weekly). And it's not exactly a two-way street. Since early 2016, according to LinkedIn, around seven or eight out of every 10, 000 site users in LA report...

Carl Icahn’s Failed Raid on Washington

One day in August, 2016, the financier Carl Icahn made an urgent phone call to the Environmental Protection Agency . Icahn is one of the richest men on Wall Street, and he has thrived, in no small measure, because of a capacity to intimidate. A Texas- based oil refiner in which he had a major stake was losing money because of an obscure environmental rule that Icahn regarded as unduly onerous. Icahn is a voluble critic of any government regulation that constrains his companies. So he wanted to speak with the person in charge of enforcing the policy: a senior official at the E.P.A. named Janet McCabe . Icahn works from a suite of offices, atop the General Motors Building , in midtown, that are decorated in the oak-and-leather fashion of a tycoon’s lair in a nineteen-eighties film. During that decade, Icahn made his reputation as one of the original corporate raiders , pioneering the art of the hostile takeover and establishing himself as a human juggernaut—a pugnacious deal machine ...