Done deals
Closed residential deal of the week.
Category : Residential
Manhattan homes sold in a day
By Karen Heller, Halstead Property On a recent Spring Sunday, a French architect seeking to buy a townhouse in Harlem, attended a breakfast and Open House Tour hosted by the Real Estate Board of New York (REBNY). After meeting and speaking to several brokers however, he abruptly left, with his...
Stuyvesant Town sale still on hold
Hopes that the debt-collector holding the keys to Stuyvesant Town would rally to reach a sale of the massive East Side property look to have been unfounded. Despite a settlement in the so-called Roberts v. Tishman Speyer lawsuit over illegal rent charges, CWCapital is reportedly in no rush to sell the 11,000 apartment complex and could even be looking to hike rents there. The plan was the subject of a Wall Street Journal article that tenant leader John Marsh, president of the ST-PCV Tenants Association, said he believed was accurate.
Who’s News
Residential brokers making news this week
Done Deals
Closed deals of the week
Outdoor market arrives in LIC
Sofia Estevez of TF Cornerstone joins Queens elected officials, members of the Long Island City community, and fellow community partners for the announcement of ‘LIC Flea & Food,’ a new outdoor market that will be coming to the bustling LIC waterfront this summer. LIC Flea and Food will take place...
Report: Super-rich spend $10B on new homes
The value of residential property purchases over $15.5 million in the world’s top financial hubs of London, New York, Hong Kong and Singapore is set to grow by 27% in the next five years, according to a report released today by Candy & Candy. The report sheds new light on the predicted growth of ultra-high-net-worth (UHNWI) fortunes and how this is continuing to fuel demand for ultra-prime residential properties in the world's major cities. The ultra-prime housing markets in London, New York, Hong Kong and Singapore collectively witnessed more than 300 residential real estate transactions in 2012 where the price was over $15.5 million. Together, the value of those transactions exceeded $10 billion. That number is expected to hit $13 billion by 2017.
Douglas Elliman adds new EVP of development marketing
Douglas Elliman Real Estate announced that Reid Price has joined Douglas Elliman Development Marketing as Executive Vice President. Price had previously been the Managing Director of Town Residential’s New Development Marketing and Sales Division, according to a press release from the firm. “Reid is a class act and a role model for our industry,” said Dottie Herman, President and CEO of Douglas Elliman, in the release. “I am beyond thrilled that he is joining us.”
Hamptons prices tank in 1Q
By Orlando Lee Rodriguez Call it the East End switch. Average sale prices for residential properties in the Hamptons dropped while North Fork prices rose over last year and quarter to quarter. Overall, prices fell 10 percent compared with the first quarter of 2012 across the Hamptons and were down a whopping 36 percent for the quarter.
Tribeca penthouse hits market for $42 Million
El Ad Group announced the listing of a highly anticipated penthouse at 250 West Street in Tribeca. The newly-constructed 7,200 s/f four-bedroom, four-and-a-half bath residence features 175 feet of floor-to-ceiling glass on three sides with stunning protected views of the Hudson River, Statue of Liberty and historic Tribeca.