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[27 Feb 2015 | No Comment | ]
Diane Ramirez on  the role of a mentor

By Holly Dutton
Industry stalwart Diane Ramirez, CEO and co-founder of Halstead Property, has spent more than 30 years in the residential real estate business, rising in the ranks to eventually co-found one of New York City’s biggest brokerages.
A native of Jackson Heights, Queens, Ramirez attended Queens College and eventually moved with her husband and two young children to Florida, where her husband was opening an office for his company. It was there that she first discovered real estate.
“My children went into nursery school and I had a few hours on …

Brokers Weekly, Featured »

[13 Feb 2015 | No Comment | ]
DUMBO seeing a slew of new development

By Holly Dutton
In the last two decades, a Brooklyn waterfront neighborhood has gone from a desolate, industrial corner of the borough to one of the hippest and priciest neighborhoods in New York City.
And now, a flurry of new development is poised to bring a whole new set of buyers to the neighborhood.
New condo buildings 51 Jay Street, a 74-unit building, and One John Street, a 42-unit, 12-story building on the waterfront, and WaterBridge 47, seven-story, 25-unit building, are all under construction with sales having already begun.
The area of Dumbo (an …

Brokers Weekly »

[6 Feb 2015 | No Comment | ]

By Holly Dutton
The rich are pouring into the Hamptons, according to latest sales reports from major brokerages.
Douglas Elliman pegged the median price of all homes sold in the quarter at $975,000, a 27 percent increase from a year earlier and the highest since 2007.
The average sales price increased 31 percent to $2,062,072. The number of sales umped 48 percent to 734.
Jonathan Miller, president of Miller Samuel who compiles the report fro Elliman, said the numbers are reflective of “a second-home market that is skewing toward wealthier purchasers. There are more …

Brokers Weekly, Featured »

[6 Feb 2015 | No Comment | ]
Happy days as Cunningham returns to his roots

By Holly Dutton
Bill Cunningham, a veteran of the real estate industry, has big plans for Corcoran, having recently returned to the firm as general sales manager.
Cunningham, who began his career at Corcoran in 2001 as a sales associate, quickly rose through the ranks to become executive managing director of the 660 Madison Avenue office, a title he held for seven years.
After an eight-month stint at Trump, the ebullient manager was offered his current position at Corcoran in January and he accepted.
A native of Jonesboro, Arkansas, Cunningham graduated from the University …

Deals & Dealmakers, Featured »

[5 Feb 2015 | No Comment | ]
Union Square the new place to be

By Holly Dutton
Retail in and around Union Square has seen a jolt in daily visitors, according to a recent study.
The neighborhood, which houses one of the city’s busiest subway stations, has experienced an 11 percent increase in daily visitors since 2012, according to the Union Square Partnership’s (USP) 2014 Pedestrian Activity Report.
USP executive director Jennifer Falk attributed the higher numbers to office leasing, especially with tech and creative tenants, and changes in retail tenants.
“We do the report every two years, this was from the summer of 2014,” said Falk. “It’s …

Brokers Weekly, Featured »

[23 Jan 2015 | No Comment | ]
Most promising agent looking to be the best

By Holly Dutton
At just 26, Corcoran broker Antony Bitar is a rising star in NYC residential real estate, earning honors for his high volume of transactions and REBNY’s “Most Promising Salesperson of the Year” award, all in just under three years in the business.
Bitar, a native of Little Falls, NJ, came to real estate from a musical background, and recently moved to Corcoran from Coldwell Banker AC Lawrence in December.
“I got into it (real estate) thinking it was just something I’d do on the side,” said Bitar. “I didn’t realize …

Brokers Weekly, Featured »

[22 Jan 2015 | No Comment | ]
Brokers keep busy even when market is in hibernation

By Holly Dutton
If residential real estate were like football, consider this month pre-season training.
In an industry that’s always moving, residential real estate has historically had two times during the year that are considered “down” times — the thick of summer in August, and at the height of the holidays in December — those being the times when families are away at summer beach homes and enjoying holiday times with family, when buying or selling real estate is at the bottom of the priority list.
But that doesn’t mean brokers and agents …

Deals & Dealmakers, Headline »

[31 Dec 2014 | No Comment | ]
Japanese real estate giant pays $259M for stake in 55 Hudson Yards

By Holly Dutton
Japanese real estate giant Mitsui Fudosan plunked down $259 million for a stake in 55 Hudson Yards, Related’s forthcoming Far West Side office tower, according to city records filed today (Tuesday).
Documents show Mitsui Fudosan America, based in Tokyo, paid $258.8 million earlier this month for a stake in Related’s 1.3 million s/f tower that will rise at 11th Avenue between 33rd and 24th Street.
Designed by Kohn Pederson Fox, construction on 55 Hudson Yards is slated to begin this spring.
Mitsui Fudosan has more than $40 billion in international real …

Brokers Weekly, Featured »

[12 Dec 2014 | No Comment | ]
New York City brokers take luxury listings to Shanghai’s super rich

By Holly Dutton
With the explosion of Chinese buyers in the U.S. residential market, two TOWN brokers are jumping on the trend, attending a luxury property showcase in Shanghai.
According to research from the National Association of Realtors, China accounted for $12.8 billion of the $68.2 billion in foreign real estate transactions in the US last year.
So far this year, Chinese buyers have accounted for 24 percent of the market share, an increase from a 19 percent share last year.
The Asian nation is the second largest economy in the world and there …

Brokers Weekly, Featured »

[10 Dec 2014 | No Comment | ]
Choppy market is plain sailing for Rutenberg boss

By Holly Dutton
Rutenberg COO Michael Barbolla is working to make his firm even better.
Barbolla, who was recently promoted from general manager to COO, is leading a re-branding campaign for his company, including revamping its website.
A native of upstate New York, Barbolla attended the College of St. Rose in Albany, where he earned bachelors and masters degrees in communications and educational psychology. Following graduation, he moved to New York City in 2000.
While still upstate, he ran a foundation for people with learning disabilities called Wildwood Programs. He also worked at the …

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