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Articles Archive for August 2011

Brokers Weekly »

[31 Aug 2011 | No Comment | ]

By Roslyn Lo
When it comes to full service real estate, Julia Segal is truly at the heart of the business.
The 26-year-old New Jersey native can find you the ideal apartment in a neighborhood you adore. With a deli serving your favorite coffee and bagels on the corner, a cozy restauarnt within your price range and a gym down the block, you’re all set … or are you?
Once you’ve moved in, organized your futon and queen-sized bed, then gotten your TV and Internet hooked up, those four freshly-painted walls can feel …

Brokers Weekly »

[31 Aug 2011 | No Comment | ]

Prudential Douglas Elliman announced the expansion of its Long Island Division with the opening of a Garden City office, located at 753 Franklin Avenue, at the corner of Stewart Avenue.
This is the firm’s 40th office on Long Island, with reach through the North Fork, the Hamptons, Fire Island and Montauk.
“We’re thrilled to be opening our first office in the heart of the Village of Garden City, and our 40th location on Long Island,” said Dottie Herman, president & CEO of Prudential Douglas Elliman.
“Garden City is a sought-after …

Editorial Supplements, Opinion »

[31 Aug 2011 | 5 Comments | ]
Protect yourself from pitfalls of commercial real estate investment

By Alfred Erdmann, CPA and partner, EisnerLubin LLP

Even in a “buyer’s market,” potential investors must be cautious when looking to purchase real estate. While there may be great investment opportunities available, there can be hidden dangers that drive the cost of owning real estate past the point of profitability. This article discusses some key steps in the due diligence process to help protect yourself from the pitfalls inherent in real estate investing. The natural first step in selecting a property is choosing the type and location of property in which you are interested.

Brokers Weekly »

[31 Aug 2011 | One Comment | ]

Less than a year after launching, Town Residential announced last week it’s ranks have reached 200.

And a slew of recent high-end closings have prompted some leading representatives to get on board, according to founder Andrew Heiberger.

“Town’s representatives and their accomplishments have not gone unnoticed by their peers in the industry,” Heiberger said.

Brokers Weekly, Headline »

[31 Aug 2011 | 2 Comments | ]
After changes, departures at Barak Realty

By Roland Li

Around a year ago, Barak Dunayer, president and founder of Barak Realty, saw a slowdown in the market, and some of his agents began expressing frustration with the tough real estate climate. He decided to return to selling his own properties, as well as managing the firm, moving from a private office onto the sales floor. “I just got a little tired of the complaints,” he said, and decided to demonstrate that properties could still trade. Because the firm is on the smaller side, now with around 25 agents, he felt that he could continue to manage, while also selling. The move displeased some former employees, who felt that Dunayer was giving his own listings more prominence, at their expense.

Brokers Weekly »

[31 Aug 2011 | No Comment | ]
City Connections opening doors

David Schlamm, founder of City Connections Realty, has opened two new state-of –the-art offices specially created for the agent on the run – a new breed of real estate agent who doesn’t need or want to sit at a desk in an office.

He said: “From our introduction of the high split business model to our unparalleled support and services for agents, our new concept storefronts simply represent the next phase in our vision to provide a better real estate experience for both agents and clients.”

Brokers Weekly »

[31 Aug 2011 | 2 Comments | ]

Ekstein Development, the developers of +aRt, a new development in West Chelsea’s thriving art district, is running “Welcome to the Neighborhood” tours for potential buyers every Thursday at 6:30 p.m.
Running throughout the month of September, the complimentary tours begin at 6:30 p.m. in the sales office of +aRt, at 540 West 28th Street between 10th and 11th avenues.
Each tour takes in neighborhood highlights such as the Starret Lehigh building, a much heralded modernist experiment in industrial architecture completed in 1931, along with fixtures like The High Line, Chelsea Piers, …

Deals & Dealmakers, Featured »

[30 Aug 2011 | One Comment | ]
DelShah buys 1356 First Avenue for $9.125 million

By Roland Li

DelShah Capital, LLC has purchased a mixed-use building at 1356 First Avenue for $9 million, according to city records. The building, at the corner of East 73rd Street, has a retail space occupied by Italian eatery Petaluma Restaurant and 26 one-bedroom condos. The transaction was complicated by the building’s conversion into a condominium, despite being operated as a rental. As a result, DelShah had to close on each individual condo unit.

Deals & Dealmakers, Featured »

[30 Aug 2011 | One Comment | ]
Shoe fits for Flatiron retailer

By Liana Grey
Sperry Top-Sider, a vendor of high-end boat shoes for men and women, is opening its first Manhattan shop in the Flatiron District this fall. Laura Pomerantz and Betty Ende of PBS Reality Advisors helped Sperry secure a 5,000 s/f storefront at 103 Fifth Avenue, a prewar loft building near 18th Street. The space, which spans the building’s ground floor and basement, was listed at $275 per s/f. Jason Pruger and Kate Cohen of Newmark Knight Frank’s retail division represented 103 Fifth’s landlord, Harlington Realty.

Construction & Design, Headline »

[29 Aug 2011 | No Comment | ]
All systems go at WTC site as Irene scurries out of town

By Linda O’Flanagan

Hurricane Irene failed to cause any major damage at the site of the 9/11 Memorial, which is still on course to be dedicated on the 10th anniversary of the terrorist attacks. The memorial will then open to the public on September 12, 2011. In a series of tweets during the weekend storm, memorial director Joe Daniels reassured the public that, despite the heavy rain and high winds, Irene did not flood the site or damage the property. The 225 trees on the memorial plaza also came through without damage.

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