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[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 …

Brokers Weekly, Featured »

[19 Sep 2014 | No Comment | ]
Adeline promises to be great new neighbor

By Holly Dutton
The booming area of northern Manhattan is adding another gem to its roster of new apartments with L+M Development’s luxury condo building, The Adeline.
Located in Central Harlem, just six blocks from Central Park, the sleek and modern 12-story building at 23 West 116th Street is generating buzz with its thoughtful design, convenient location and value.
“The interest has been amazing,” said Julia Boland, director of sales of the building and managing director at Halstead Property Development Marketing, which is handling the marketing and leasing of the building. “There were …

Brokers Weekly »

[19 Sep 2014 | No Comment | ]

Paradoxically, August’s rental market reports are really about luxury condos.

Rents continued their climb last month, with the Manhattan median rent rising 0.8 percent and the rent per s/f rising 4.5 percent year-over-year, according to Miller Samuel’s report for Douglas Elliman.

This was the sixth consecutive month of seasonally adjusted rent growth and, by itself, nothing to raise eyebrows.
August’s more surprising trend was hard to discern in the data. Last winter, the strong condo market pulled demand away from luxury rentals, dragging down average rents. But now this trend has reversed, according to Douglas Elliman’s senior vice president Yuval Greenblatt.

Brokers Weekly, Construction & Design, Featured »

[18 Sep 2014 | No Comment | ]
Schrager unveils 215 Chrystie

Ian Schrager has unveiled the design of 215 Chrystie, a new hotel and residential building scheduled to open in downtown Manhattan in 2016.

Designed by Pritzker Prize-winning architects Herzog & de Meuron, the 28-story building will house a 370-room hotel topped by 11 custom, one-of-a-kind residences with interiors by British designer John Pawson.

Brokers Weekly, Photo Gallery »

[17 Sep 2014 | No Comment | ]

Zeckendorf Development hosted an  event for the Asian American Real Estate Association at 50 United Nations Plaza. The 88 luxury condominium residences are located at East 46th and 1st Avenue adjacent to Dag Hammarskjold Plaza and one block north of the United Nations Secretariat building. 50 UN Plaza is the first residential tower in the United States designed by Foster + Partners. The event was held at the sales office at 866 United Nations Plaza designed by the firm of Gabellini Sheppard.

Brokers Weekly, Featured »

[17 Sep 2014 | No Comment | ]
San Francisco eclipses New York’s median rents for first time ever

San Francisco has eclipsed New York City in terms of having the highest median rent in the United States according to a recently released study by Zumper.

This is the first time that the City by the Bay has surpassed the Big Apple in this category.Zumper Graphic

Anthemos Georgiades, CEO of Zumper , said, “The very low vacancy rate in San Francisco, alongside the tech boom and the slow pace of new constructions coming to market, have all led to this spike.”

Brokers Weekly »

[17 Sep 2014 | No Comment | ]

The Real Estate Board of New York (REBNY) will host its first-ever Upper Manhattan Open House Expo in Washington Heights, Inwood, and Hamilton Heights on Sunday, September 21.
From 9:30 a.m. to 3:00 p.m., potential buyers and renters will have that opportunity to tour exclusive co-op, condo, townhouse, and high-end rental listings and learn about these vibrant Upper Manhattan neighborhoods from experienced uptown residential brokers.
The inaugural event will kick-off with an information session, meet-and-greet, and complimentary breakfast, sponsored by Chase Home Mortgage, at The Malcolm X & Dr. Betty Shabbazz Memorial …

Brokers Weekly »

[17 Sep 2014 | No Comment | ]

Corcoran’s new ‘Live Who You Are’ brand campaign, which features a series of portraits by Annie Leibovitz, has launched its next phase with a social media photography contest.
The on-line contest invites consumers to take a photo of themselves in their home that demonstrates ‘Live Who You Are’, the Corcoran brand philosophy and centerpiece of the new Leibovitz campaign.
A custom app on the Corcoran Facebook page will enable users to upload a photo from their phone or computer that depicts how their living environment reflects their interests and lifestyle.
The app automatically …

Brokers Weekly, Mergers and Acquisitions »

[17 Sep 2014 | No Comment | ]

Powerhouse New york residential brokerage Douglas Elliman last week announced a merger with a UK homes giant and a plan to bolster its own Manhattan commercial leasing strengths.
The largest residential brokerage firm in the city is merging with one of the largest residential brokerages in the UK to form a new international brand.
Douglas Elliman Real Estate and Knight Frank Residential say their partnership will result in the largest interactive and connected network for residential properties in the world.
The new Douglas Elliman Knight Frank Residential alliance will entail both firms sharing …

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