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Articles Archive for 21 October 2011

Brokers Weekly, Featured »

[21 Oct 2011 | One Comment | ]
Kids, pets welcome

By Liana Grey
Jamella Swift, a broker at Citi Habitats, lives in Bedford-Stuyvesant, Brooklyn, and often handles listings there. Lately, she’s sold a handful of two-bedroom condos and brownstones to young professionals ready to start families.

The neighborhood’s quaint historic district is particularly attractive to parents priced out of Park Slope. The average apartment in Bed Stuy — currently the most-searched Brooklyn neighborhood on Trulia — is listed at $478,732.

Construction & Design »

[21 Oct 2011 | No Comment | ]

Having built a successful national fashion company, Cyrus Knits, entrepreneurs and developers Cyrus Hakakian and his brothers have set their sights on creating the premier entertainment center on Long Island with the transformation of the historic Westbury Theater into a world class performing arts center and special events venue.
No stranger to the real estate business in the area, the Long Island resident has, with his Lowe Properties partner,s purchased and upgraded a number of commercial properties in the region.
Now the Hakakians are nearing the completion of a project seven years …

Deals & Dealmakers, Featured »

[21 Oct 2011 | No Comment | ]
Plain Jane is a $30M hottie

A plain Jane property netted $30 million in an off-market trade co-ordinated by Cignature Realty founders Lazer Sternhell and Peter Vanderpool.

The 97,000 s/f Garment District building at 256 West 38th Street was purchased by a limited liability company from Chanukka 26, LLC, according to city records. According to Sternhell, the mixed-used building, like its neighbors, has become a hot commodity as investors look to get a foothold in the emerging West Side.

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