Category : Residential

Residential

Residential pioneer Kent Gale dead at 96

REW Staff
by REW Staff833
Daniel Gale Sotheby’s International Realty is mourning the passing of one of its  leaders, D. Kent Gale, at age 96, on March 6, 2014. Kent Gale led the organization his father founded through a period of great growth and innovation, from the mid-1950s until 1991, when he named Patricia J....
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Nervous Ukrainian money en route to New York’s safe haven

REW Staff
by REW Staff1418
What would New York be without Europe’s revolutions? The French Revolution eventually gave us the Statue of Liberty, the Russian Revolution created South Williamsburg in its current form — and now Ukraine’s revolution could send over a big pile of cash. Brokers working with Eastern European and Central Asian buyers say more of their clients have been looking to invest in New York real estate since the overthrow of Ukraine’s President Viktor Yanukovych. Worried about the fallout of the political crisis, they say, clients are now trying to move their money out of the region and into safe havens. To many, this safe haven appears to be New York.
Residential

WHO’S NEWS: Keller williams adds two sales agents, Douglas Elliman announces new team

REW Staff
by REW Staff810
Guaranteed Rate announced that David Fallarino has joined its New York City office as branch manager and senior vice president of mortgage lending. Fallarino will be based out of the company’s regional office at 750 Lexington Ave., reporting to regional manager Melissa L. Cohn,. Fallarino joins the firm from Sterling...
Residential

HAVE YOU HEARD: Actor Armand Assante sells his upstate farm, Douglas Elliman announces new Schack scholars

REW Staff
by REW Staff3136
Actor Armand Assante is selling his upstate farm and land. The bankrupt star of such movies as The Mambo Kings, Judge Dredd and American Gangster will auction 222 acres in Campbell Hall, Orange County, along with a five bedroom estate home and a caretakers residence. GA Keen Realty Advisors, the...
Residential

Keller Williams reports record growth, commission hikes

REW Staff
by REW Staff743
Keller Williams has reported record growth, productivity and profitability gains for 2013. The largest real estate franchise by agent count in North America, the company added 15,000 associates last year, bringing its overall associate count above 95,000. During the company’s annual convention in Phoenix, Keller Williams CEO Mark Willis announced...
Residential

RFR, Vanke break ground on new tower

REW Staff
by REW Staff980
Aby Rosen and Michael Fuchs, founders and principals of RFR Holding LLC, and YU Liang and ZHANG Xu of Vanke, China’s largest residential real estate developer, last week broke ground on a new luxury residential condominium on East 53rd Street. Designed by Foster + Partners, the slim white tower at 610 Lexington Avenue will rise 700 feet and 61 stories.
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It’s all about tactics for soccer fan Udi Erez

REW
by REW1221
“In life, you get one chance to score a goal,” Udi Erez said at a recent meeting in Elad Group’s midtown office. For Erez, that chance came in 2007. As CEO of Elad Canada Group, he decided to buy an 8,400-unit MetCap portfolio in Montreal and Toronto for $750 million. It turned out to be a game changer.
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Tech-driven real estate firms stepping into the main arena

REW Staff
by REW Staff911
A startup boom has taken over the New York City real estate scene, and young guns and seasoned veterans alike are jumping at the chance to hit it big. Tech startups like Real Direct, which was founded three and a half years ago by Doug Perlson, are quickly gaining traction in a tech-frenzied culture that is seeing the benefits apps have on business.
Attorney General investigating Africa Isarel, Boymelgreen for fraud
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Attorney General investigating Africa Isarel, Boymelgreen for fraud

Sarah Trefethen
by Sarah Trefethen2032
Two prominent developers, Africa Israel Investments Limited and Jeshayahu “Shaya” Boymelgreen, have been barred from selling condos and coops in New York, pending a fraud investigation by the State Attorney General’s Real Estate Finance Bureau. The developers were ordered by a Manhattan State Supreme Court Justice Thursday to testify in response to the AG's allegations. The case centers on Downtown Condominium, a 400-unit residential development in the Financial District directly across the street from the New York Stock Exchange. Africa Israel and Boymelgreen renovated the landmarked building, which has the address 15 Broad Street, in 2002. They then sold all the units in a public offering that grossed them at least $360 million, according to the attorney general’s office. The developers then allegedly stopped working on the renovations, even though the building didn't have a permanent certificate of occupancy.
Photo GalleryResidential

Matchmakers night at luxury condo

REW Staff
by REW Staff950
[slideshow id=258] On February 11, 2014, Lisa Ronis, one of NYC’s premier match makers, specializing in introducing upscale couples, hosted an exclusive party with over 100 VIP guests at the luxury condominium 515 East 72. Partygoers enjoyed views from the 38th floor, capturing the East River and the glittering vistas...