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[29 Sep 2014 | No Comment | ]

By Konrad Putzier
New York is falling behind in the race for millennials, according to a new report by research firm, RealtyTrac.
While Manhattan and Hudson County, which includes Hoboken and Jersey City, are among the top ten markets millennials are moving to, they are trailing other hotspots like Washington D.C., San Francisco and Denver.
Arlington and Alexandria counties in metro Washington D.C. head the list with 82.2 and 80.7 percent growth in the population of millennials between 2007 and 2013, respectively.
Orleans Parish in Louisiana, San Francisco County, Denver County, Montgomery County in …

Brokers Weekly »

[29 Sep 2014 | No Comment | ]
Veteran photographer turns her focus to real estate

The residential brokers of New York have earned a reputation as some of the most driven business men and women on the globe.
The mystique of dealing with the most coveted properties in the world brings to mind an image of young millennials, sharply dressed and eager to advance upwards from rentals to major listings or seasoned veterans heading towards retirement with priceless experience in their pocket and the commissions of numerous sales in their bank accounts.
Dana Buckley of Corcoran doesn’t exactly fit into either of those molds.

Brokers Weekly, Featured »

[26 Sep 2014 | No Comment | ]
You are what you wear in New York City real estate

In a city where the biggest the best fashion labels in the world are headquartered, it’s no surprise that residential real estate agents look to be at the top of their game when it comes to dressing the part.

With New York City just having experienced its annual September fashion week, and with many more cities across the globe hosting their own, Big Apple brokers from top firms tell Brokers Weekly about the importance of dressing the part.

Brokers Weekly »

[26 Sep 2014 | No Comment | ]

Home prices in the Manhattan condo market reached an all-time high in August, and are now nearly 7 percent higher than their previous peak in September 2007. Lack of inventory remains a key driver in condo price gains, according to the August StreetEasy® Manhattan Condo Market Report.

The total number of condos listed on the market in August fell by 4.6 percent from July, an expected slowdown that occurs during the summer months. Inventory remains 18.9 percent below the five-year average for Manhattan. In an encouraging sign for buyers, August inventory …

Brokers Weekly »

[25 Sep 2014 | No Comment | ]
Related Development heating up in Florida

Related Development, LLC is capitalizing on renewed rental demand, following historic lows in multi-family development. Four new rental properties totaling 1,129 units, from Miami-Dade to Palm Beach counties, break ground this month.

Steve Patterson, President of Related Development, says low single-family home ownership rates, which declined to 64.8 percent, according to US census data (the lowest level since 1995), along with a job market flooded with young workers (“millennial” generation) unable to afford ownership points toward a strong recovery for rentals.

Related’s SOFA-Delray, Town-Pembroke Pines, Doral View II and Town-University Drive all begin construction this month.  With 4,700+ rental units in …

Brokers Weekly, Construction & Design, Featured »

[25 Sep 2014 | No Comment | ]
Housing deal marks new chapter for Brooklyn libraries

Brooklyn Public Library (BPL) has unveiled plans for the new Brooklyn Heights Library, a project that also will generate more than $40 million in capital funding to repair other BPL branches with urgent capital needs, and create 114 units of affordable housing.

The state-of-the-art, 21,000 s/f library — one of the largest in the BPL system — will be part of a mixed use building at 280 Cadman Plaza West to be developed by the Hudson Companies, Inc.

Brokers Weekly, Construction & Design »

[24 Sep 2014 | No Comment | ]
What color would you choose?

Eran Polack, Co-Founder and CEO of HAP Investments LLC, a New York based international real estate investment and development company, announced HAP Investments will conduct a community poll to determine preference for the façade colors of its HAP 5 development, located at 329 Pleasant Avenue.
“Community members said they wanted to participate in helping to design this new building and we agreed to poll the community on its choice of façade colors,” said Mr. Polack. “We believe this is the first ever poll of its kind and we are giving community …

Brokers Weekly »

[24 Sep 2014 | No Comment | ]

Residential brokerage firm, Modern Spaces,  will open its sixth New York-area office – and its second in Astoria – at 34-16 30th Avenue this October.
The 2,000 s/f office will  house 25 agents and it has an outdoor garden space which will be used for hosting events. Much like the rapidly evolving neighborhood in which it chose its latest location, Modern Spaces has opened an office per year since its founding in 2008.
Modern Space founder Eric Benaim also announced that Greg Kyroglou, currently managing director of the firm’s first Astoria office …

Brokers Weekly »

[22 Sep 2014 | No Comment | ]
10 Sullivan launches sales in Soho

Real estate developers Robert Gladstone, of Madison Equities, and Kevin Maloney, of Property Markets Group, have launched the sales of their new residential condominium, 10 Sullivan, located in SoHo. Mr. Gladstone and Mr. Maloney are both principals of Sullivan Condo LLC, the sponsor of the development.

Designed by noted architect Cary Tamarkin, 10 Sullivan is a 16-story “flatiron”-shaped tower with 19 residences and four adjoining 25-foot wide townhouses. Slated for completion by the fourth quarter of 2015, the tower includes a 10-space parking facility and 2,600 square feet of retail. At 204 feet high, the tower will be the tallest residential building in SoHo. The townhouses will not be part of the condominium.

Brokers Weekly, Featured »

[19 Sep 2014 | No Comment | ]
Real estate plays starring role in more reality television

By Dan Orlando
Last week, A&E premiered the reality dating show Love Prison, which features couples confined to Connecticut’s Belden Island.
The show’s premise revolves around placing two people who met online — and have never interacted in person — in a beautiful but compact environment.
The property takes up about an acre and wields both a sand covered beach and a manicured lawn. Upon it sits a four bedroom, two bathroom Victorian home that was built over a century ago.
The island has been on the market since 2012 and is currently being …

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