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New York Real Estate Industry News

The $50,000 question: What's one of the hottest real estate investment markets? Apartments

04/19/2018 As a commercial real estate broker and investor ... Low interest rates and confidence in the Western New York economy were factors, but also driving the price increase is rising interest in apartment living, especially among millennials and baby boomers.

SWFs' AUM Surge As Interest in Real Assets Grows

04/19/2018 This role will provide an entry-level applicant with exposure to the commercial real estate landscape In New York City. Position Overview: (i) Assisting ... Overview Concord Real Estate Services is a well-established and well-recognized full service real ...

StreetWire Blockchain Network To Revolutionize Real Estate Transactions

04/18/2018 NEW YORK, April 18, 2018 /PRNewswire/ -- New York technology company StreetWire has announced development of their decentralized data network which will provide global settlement services for real estate transactions. CEO Oliver Tickner explained ...

New York brokers in confident mood

04/18/2018 In a real estate market as fluid and complex as New York City’s, there is a simple way to get a good grasp of its current contours and future outlook: directly ask the brokers who know it best. That is why the Real Estate Board of New York regularly ...

Real estate mogul ducks $22M in taxes with corporate loopholes

04/18/2018 Allen Rosenberg, of Atlantic Beach, L.I., owes New York state $22 million in unpaid sales, employment and payroll taxes as of April 9, according to the state’s Department of Taxation and Finance and court records. The 54-year-old real estate developer ...

Leading Real Estate Partner Joins Latham & Watkins in New York

04/18/2018 Michael Haas brings extensive experience in complex real estate private equity, finance, and transactional work. NEW YORK, April 18, 2018 /PRNewswire/ -- Latham & Watkins LLP 1 is pleased to announce that Michael Haas has joined the firm's New York office ...

Miami Investment Firm Buys Stake In NYC's MHP Real Estate To Form $3B Joint Venture

04/16/2018 A New York City landlord and brokerage is merging with a Miami-based investment firm in a deal to form a $3B company with offices up and down the East Coast. MHP Real Estate Services has joined forces with Banyan Street Capital after the NYC firm ...

Jeff Wiseman Joins H.I.G. Realty Partners as Managing Director and Head of U.S. Real Estate Debt

04/16/2018 Jeff brings over 20 years of experience of originating, structuring and investing in real estate debt. He will be located in H.I.G.'s New York office. Jeff has held several leadership positions and served in numerous roles and capacities throughout his ...

Bronx-Based Office Affiliates With Century 21 Real Estate Franchise System

04/16/2018 About CENTURY 21 Kafcos Realty CENTURY 21 Kafcos Realty is a full-service real estate company, serving the buyers and sellers of the Bronx and Westchester County. The office is located at 3060 East Tremont Avenue, Bronx, New York 10461. CENTURY 21 Kafcos ...

Diane Keaton's Former Apartment in New York City Is Listed for $17.5M

04/13/2018 Actress and noted house flipper Diane Keaton was 30 and fresh off the success of her title role in “Annie Hall” when she splurged on a palatial New York City apartment 21 ... Luke Stangel writes about real estate, technology, and startups.

10 Real Estate Pros at the Top of NYC's Market

04/14/2018 “It’s not that New York has a weak market,” he notes. “But we’re transitioning from an unusually robust period to a not-so-robust period driven largely by uncertainty.” To help buyers navigate the shifting sands, THR has identified 10 real ...

New York Townhouse Now On Sale For $45 Mln In Cryptocurrency

04/11/2018 Cointelegraph reported on five cities where you could use crypto to buy real estate last fall, including Miami, Dubai, New York, Lake Tahoe, and Bali. Bitcoin-only property deals have also come up, including a UNESCO World Heritage site reported to be on ...

Pick a New York City Borough: Rents are Falling There, and Fast

04/12/2018 (Bloomberg)—Here’s some good news for New York City apartment-hunters ... according to reports Thursday by appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate. “For the renter, it’s a pretty good time to jump in,” said Hal ...

Real estate agency returning to downtown Schenectady after long absence

04/12/2018 Berkshire Hathaway HomeServices Blake, Realtors is opening an office in downtown Schenectady, New York — marking a return for the brokerage ... Improvement Corp., isn't aware of any other real estate offices downtown. The new office will be staffed ...

Situs RERC and Urban Property Australia Announce the Release of Australian Real Estate Trends - Holding Firm in Asia Pacific

04/12/2018 NEW YORK and MELBOURNE, Australia, April 12, 2018 /PRNewswire/ -- US-based, SEC-registered investment advisor Situs RERC and Melbourne-based advisory firm Urban Property Australia (UPA) present the April 2018 edition of Australian Real Estate Trends ...

Real estate in the world’s 2 biggest financial centres is stalling

04/12/2018 While in New York, rents fell their most in almost seven years in March ... properly understood will things be able to change for the better," Toby Whittome, an estate agent with Jackson Stops said, according to the Guardian newspaper.

New York Neighborhoods With the Fastest-Growing Home Values

04/10/2018 Here's what it found: New York real estate has an estimated market value around $1.26 trillion as of 2018, according to the New York Department of Finance. Some New York neighborhoods are more popular than others, putting upward pressure on home values and ...

Anthony Gucciardo opening new real estate office in Latham

04/09/2018 Anthony Gucciardo won't have to spend as much money on billboards advertising his real estate business once he opens a new office on one of the busiest roads in the Albany, New York region. Gucciardo is converting a one-story, single-family home at 1074 ...

Commercial Real Estate Became a Highly Sought Asset After 1999

04/01/2018 The snowball effect continued for a couple of years. More foreign buyers were entering into the commercial real estate market in the United States, primarily in New York commercial real estate. Outside of New York, the majority of the deals stayed domestic ...

Cuomo-Nixon fight could divide NY Dems beyond primary

04/06/2018 (CNN)Cynthia Nixon, the actress and activist challenging New York Gov. Andrew Cuomo in the state's 2018 Democratic ... Cuomo is already backed by the Independence Party, which also has its own ballot real estate. He secured their support in late December ...

IN PICTURES: Fried Frank Women in Real Estate event

04/06/2018 The women of Fried Frank’s real estate department hosted a cohort of women from the New York commercial real estate industry for a fireside-chat-style talk with L&L MAG co-founder and CEO MaryAnne Gilmartin. Women in Real Estate is a group dedicated to ...

New York firm buys fully-leased Las Colinas retail center

04/06/2018 Leon Capital, a Dallas investment firm with a focus on real estate, sold the property to Clarion Partners for an undisclosed price. Clarion, a New York-based company with an office in Dallas, has over $43 billion in assets under management and works with ...

Real estate funds just raised the most cash in a Q1 since 2008

04/04/2018 New York’s real estate industry has plenty to worry about in early 2018, from rising interest rates to trade wars and a potential cyclical downturn. But strong private fundraising is an indicator that it might not get so bad after all. A staggering $33 ...

Vector Group Announces Douglas Elliman Ranking as Third-Largest Residential Real Estate Brokerage in the United States

04/06/2018 a leading real estate information and analytics company. In 2017, Douglas Elliman achieved closed sales of $26.1 billion, representing a 6% increase from 2016. In addition, Douglas Elliman had six of the top 10 sales in New York City for 2017 and secured ...

Brains & Braun: SL Green’s David Schonbraun on His New York Lending Strategy

04/04/2018 What’s the draw is in increasing that activity for New York City owners? I think it’s driven by the strong desire for institutional capital to be investing in real estate right now. There’s not as much sales activity and so they use the debt space to ...

Tax Law, Stock Swings Spook New York Buyers

04/05/2018 Real estate sales in Manhattan reached their lowest level in ... said the uncertainty over the new federal tax law — which prevents residents in high-tax states like New York from deducting their state and local taxes — weighed on the market.

New York's First Luxury Apartments Purchased With Bitcoin

04/05/2018 Maybe it really is the money of the future. New York's first real estate purchase via bitcoin has officially gone down, thanks to Magnum Real Estate Group. According to the New York Post, developer Ben Shaoul is in contract to sell two Upper East Side ...

'Buyers Market' Spreading In Real Estate

04/04/2018 the life-cycles of global cities such as London New York and Sydney [as well as the most populous Canadian cities] start to look very similar. They begin with central banks cutting rates; then foreign buyers are welcomed in, prices go up, high-end homes ...

StepStone Real Estate Completes the Acquisition of Courtland Partners

04/03/2018 NEW YORK, April 3, 2018 /PRNewswire/ -- StepStone Real Estate ("SRE"), a leading real estate investment firm, today announced that it completed its acquisition of Courtland Partners, Ltd. ("Courtland" or "Courtland Partners") and the firms are now fully ...

Pearl River, NY Real Estate: Foreclosures

04/01/2018 Foreclosures listed for sale in and around Pearl River could provide opportunities to move into a home you couldn’t afford otherwise. Foreclosures for sale are still being listed regularly all across New York, including in Pearl River. So where can you ...

Perchwell To Bring Cutting Edge Data Management Platform To Christie's International Real Estate

03/29/2018 ... data back-end and listing management solution of choice for top New York City brokerages NEW YORK, March 29, 2018 /PRNewswire/ -- Perchwell, a real estate data startup that has become the listings platform of choice for a wide array of New York City ...

McDermott Enhances Real Estate Finance Capabilities with Arrival of Group in New York

03/29/2018 Jeffrey Steiner, Scott Weinberg, Dino Fazlibegu and Robert Unger Deliver Experience in Highly Structured Complex Financial and Real Estate Transactions NEW YORK, March 29, 2018 /PRNewswire/ -- International law firm McDermott Will & Emery today announced ...

We ranked Brooklyn’s most active real estate developers

03/29/2018 ranging from East New York to Flatbush. Two Trees Development and the Chetrit Group took the top two spots, respectively, for Brooklyn’s most active developers, according to a data analysis by The Real Deal. Two Trees is working on more than 1.7 million ...

Census citizenship question causes controversy in New York

03/28/2018 Real Estate Board of New York President John Banks, who has been advocating for accurate census data in recent weeks, expressed concern with citizenship component. With the city’s population growing at the fastest rate in 50 years, he said it’s crucial ...

New York City’s Best Buyer’s and Seller’s Neighborhoods

03/29/2018 Buying a home in New York City isn’t easy. And not surprisingly, the less money you have to spend, the more difficult it is. According to a study by StreetEasy, buyers searching for homes priced under $1 million face the most competition for those ...

China no longer top US real estate investor

03/28/2018 New York and San Francisco together accounted for two-thirds of Chinese investment into US real estate. The dramatic decline was mainly due to the Chinese government’s tightened capital outflow controls and increased scrutiny of overseas deals last year ...

Buildout and RealConnex Announce Partnership to Accelerate Sales for Commercial Real Estate Brokers

03/27/2018 NEW YORK, March 27, 2018 /PRNewswire/ -- RealConnex and Buildout ... service providers and the entire ecosystem of real estate professionals. This partnership with Buildout is just the latest initiative made by RealConnex to collaborate with best ...

Facebook allows real estate advertisers to discriminate: suit

03/27/2018 The advocacy groups say they caught Facebook red-handed through a sting operation using a fake real estate company called “Metro Boutique Rentals.” Metro sought to place housing ads in New York, Washington D.C., Miami and San Antonio. Facebook’s ad ...

Several Kushner Properties In New York City Are Under Investigation For Alleged 'Illegal Activity'

03/22/2018 (NEW YORK) — New York City’s buildings regulator launched investigations at more than a dozen Kushner Cos. properties Wednesday following an Associated Press report that the real estate developer routinely filed false paperwork claiming it had zero ...

Tyra Banks, Real Estate Mogul, Has Built Enough of an Empire in the Pacific Palisades to Rival Taylor Swift

03/22/2018 there are no doubt a few more celeb sightings to be had in the town of less than 30,000, which is right next to Santa Monica and Malibu, too.) Take a Trip Back to 1960s New York With Andy Warhol, Nico, and More of the So-Called Chelsea Girls