Investors betting on Atlantic Avenue
[7:00 am, July 16, 2014 | One Comment | ]

If Brooklyn is becoming more and more like Manhattan, Atlantic Avenue is its Bowery.

While surrounding brownstone neighborhoods like Fort Greene, Clinton Hill and Prospect Heights have become rapidly gentrified and are seeing a growing number of expensive new condos, the famous thoroughfare has been slow to catch up.

But there are signs that Atlantic Avenue beyond Barclays Center might, finally, be on the verge of a makeover.

Developer RXR Realty recently bought the long-term lease of the 650,000 s/f office building 470 Vanderbilt at the corner of Atlantic and Vanderbilt Avenues for $200 million in partnership with American Landmark Properties.

RXR’s executive vice president Seth Pinsky said he hopes the building, which is mostly leased, will serve as one of the catalysts for the avenue’s development.

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Brokers Weekly, Photo Gallery »

[4:07 pm, July 18, 2014 | No Comment | ]

Zeckendorf Development hosted a cocktail reception on the terraces of the newly completed condominium, 18 Gramercy Park, on June 18th, 2014. Originally built in 1927, 18 Gramercy Park is a modern classic that evokes the luxury and grandeur of some of New York’s finest cooperative landmarks in a historic downtown setting.

Construction & Design, Photo Gallery »

[12:19 pm, July 18, 2014 | No Comment | ]

Over 300 corporate real estate professionals, architects, engineers, owners’ reps and service providers attended SHARE’s (Self Help for Women with Breast or Ovarian Cancer) 6th Annual Design, Construction & Real Estate Reception at the Hearst Tower on June 18, 2014.

Deals & Dealmakers »

[11:44 am, July 18, 2014 | No Comment | ]
Eastern Union expands its portal

Mortgage brokerage Eastern Union Funding announced that they are now providing clients with access to their new online portal.
Designed by technology firm CRE Tracker, clients can use the portal for real-time tracking of every transaction, from submission to closing. To this end, as Eastern Union personnel negotiate commercial mortgages, users can log in and view all updates on their deals including bank quotes, third party reports, and their closing checklist.
“The technology doesn’t replace the real estate professional, but it does take communication with them to another level. What we’re doing …

Brokers Weekly »

[11:42 am, July 18, 2014 | No Comment | ]

Home buyers employed in social and digital media who purchased residences in Brownstone and North Brooklyn in the second quarter of 2014 increased 571 percent over the same period last year.
That’s the finding of the Profile of Home Buyers in Brownstone Brooklyn quarterly report released\ by Ideal Properties Group.
The finding was relatively similar to the previous quarter, with a slight drop of three percent.
The report also found an increase in IT fields, with purchasers up 93 percent over the previous quarter and 124 percent over the same time period in …

Brokers Weekly »

[11:41 am, July 18, 2014 | No Comment | ]

Douglas Elliman Real Estate announced that Alan Nickman and Stephen O’Neal, both previously with Bellmarc Realty, have joined the firm as Nickman O’Neal & Associates, bringing along with them a team of real estate agents.
Nickman and O’Neal have worked together for over 15 years, and combined have decades of experience in virtually every market within the real estate industry.
Having handled deals for numerous property types including co-ops, condominiums, townhouses and single-family homes, Nickman and O’Neal are skilled in all phases of a real estate transaction.
Their business continues to grow with …

Brokers Weekly »

[11:34 am, July 18, 2014 | No Comment | ]

The apartment you want isn’t for sale? No problem…
Sarah Son built a deal for a Soho one bedroom when the showing she originally planned headed south.
The buyer came with his broker, Michael Carioti of Corcoran, to tour Son’s 101 Warren Street listing.
Put off by the view, the buyer was ready to walk until Carioti discovered Son was also handling a rental at 505 Greenwich and asked her to reach out to the owner about potentially selling it.
“A deal was struck within couple of days, with no exclusive listing, just a …

Brokers Weekly »

[9:00 am, July 18, 2014 | No Comment | ]

● Related Rentals/ Abington Properties
New High Line rental a hit
Related Rentals and Abington Properties that Abington House on the High Line is more than 30 percent leased, three months after it’s market launch.
“We are thrilled with the response from the marketplace to Abington House and the strong pace of leasing, ” said Daria Salusbury, senior vice president and head of luxury leasing for Related Companies.
“Discerning residents appreciate the superior service Related is known for, and the full suite of interior and exterior amenity spaces are unlike any residential offering in …

Brokers Weekly »

[9:00 am, July 18, 2014 | No Comment | ]

VETERAN broker Carmen Lee Shue is celebrating the 9th season of her Public Access show The Carmen Lee Shue Real Estate Show.
Time has moved shows airing on Channel 57 and moved them to Channel 1997 (three stations below NY!).
The show can now be seen every Monday night at 9:30 p.m. on Time Warner Channel 1997, RCN 84 and Verizon 35.
Don’t have a television? You can also watch the show worldwide every at the same time on MNN.Org.
“Thanks to the public for watching the show and making it a big success,ˮ …

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