Category : Residential

FeaturedResidential

Play-by-play to finding the perfect space for Superbowl viewing

REW
by REW1243
This year’s Super Bowl, with its first ever brother vs. brother head coaches and an East Coast Baltimore Ravens pitted against the West Coast San Francisco 49’ers, is building to be a great one. And the biggest question on most spectators minds besides who will win? Where to watch it, of course. A survey by franchisor Century 21 Real Estate found that the overwhelming majority of Americans consider the home to be the best place to tune into the Big Game.
FeaturedResidential

Mack-Cali starts work on new apartment buildings

REW Staff
by REW Staff1194
Mack-Cali Realty Corporation today announced its Roseland subsidiary has begun construction on two multi-family communities in the Northeast. The developments include RiverParc at Port Imperial in Weehawken, New Jersey and The Highlands at Overlook Ridge in Malden, Massachusetts. The announcement comes following Mack's purchase of Roseland last October as it continues to diversify its predominantly office portfolio.
FeaturedResidential

Mark David co-founders join TOWN Residential

REW Staff
by REW Staff1160
TOWN Residential announced that Mark David Fromm and Claudia Saez-Fromm have joined the company as senior vice presidents. Mr. and Ms. Fromm previously led Mark David & Company Real Estate as chief executive officer and chief operating officer, respectively. That company is being “wound down” and the 75 agents will be recruited to TOWN or assisted in their search for positions at other firms, according to reports. “In their 10 years at the helm of Mark David & Company, Mark and Claudia created an impressive local presence throughout Manhattan and Brooklyn, from the ground up,” said TOWN founder and CEO Andrew Heiberger.
Back in the game: NYC’s licensed sales agents tripled in two years
FeaturedResidential

Back in the game: NYC’s licensed sales agents tripled in two years

Sarah Trefethen
by Sarah Trefethen1048
New York City’s population of licensed real estate professionals has almost tripled in two years, from a total of 5,883 in 2010 to 15,135 at the end of 2012. The newcomers are often career changers with bachelors degrees or higher, those in the training industry say, but not everyone with a licence is practicing full-time. Statewide, the number of licences has dropped slightly in the same period.
Construction & DesignFeaturedResidential

City says ‘Yes, squeeze’ to mini-apartment design

REW Staff
by REW Staff1129
The city has picked a winner in the competition to design Manhattan's smallest apartments. A development team composed of Monadnock Development LLC, Actors Fund Housing Development Corporation, and nARCHITECTS will get to create 55 new apartments measuring as little as 250 s/f and to be known as micro-units. Forty per cent of the units — to be built at a city owned site at 335 East 27th Street in Manhattan — are to be affordable beyond the competitive market rents. Called ‘My Micro NY,’ it could be the first multi-unit building in Manhattan developed using modular construction, with the modules pre-fabricated locally by Capsys at the Brooklyn Navy Yard.
Residential

New brokerage opens

REW Staff
by REW Staff1077
Former Corcoran broker Vanessa Gad is hiring new agents at her recently launched Gad Realty. Gad Realty NYC specializes in international and multi-lingual transactions. A 100% virtual real estate agency, the company utilizes video, mapping technology, and other high-tech marketing strategies which allow agents to upload listings and work remotely...
FeaturedResidential

One-time hippie keeps his cool at dealmaking table

REW
by REW1153
Like most seasoned commercial real estate attorneys in New York City, Dennis Russo has papered mountains of deals on behalf of clients. What distinguishes Russo from the pack is his business acumen, sharpened by the many real estate projects he has personally developed, owned and managed. As with most things he is passionate about, Russo has taken a hands-on approach to real estate over the years, even gutting and renovating buildings himself.
Construction starts on 56 Leonard Street
Residential

Construction starts on 56 Leonard Street

REW Staff
by REW Staff1562
A $350 million construction loan has put the much-hyped 56 Leonard project back on track. Dune Real Estate Partners LP and the Goldman, Sachs & Co. sponsored Whitehall Street 2005 Fund, in partnership with New York-based real estate development company Alexico Group LLC, announced the closing of the construction loan by a Bank of America-led syndicate to finance the residential condominium tower in Tribeca.
Child of war has learned to make life better
FeaturedResidential

Child of war has learned to make life better

REW Staff
by REW Staff1016
A childhood spent in the shadow of war prepared Bond New York agent Moran Khousravi for the mean streets of Manhattan. But it is her passion for life that has helped her succeed here. “The scary part of my life was growing up,ˮ said Khousravi, who originally moved to New York from Holon, Israel, to pursue a career as a dancer. “Israel was a scary country to grow up in, especially during my childhood, having to wake up in the middle of night to go to shelters. Things like that prepare you for life.”
Most year-end market reports loosely align, showing growth and contraction
FeaturedResidential

Most year-end market reports loosely align, showing growth and contraction

REW
by REW1355
As is tradition during the month of January, a slew of real estate organizations released their year-end reports and New Year forecasts. Most reported growth in 2012 of Manhattan apartment prices, with the borough experiencing the greatest appreciation gains in the country. This, as sales inventory continued to fall on the island. Rents on average grew overall between 4 to 5 percent during 2012 in New York proper, this according to the annual market study of real estate value trends unveiled by Integra Realty Resources, Inc. Residential brokerages, which issue their own internal data reports, reported significant rental increases also despite a softening in 4th quarter prices. Over the past year Douglass Elliman reported a 10% increase in Manhattan rent with Citi Habitats reporting a 5% rise for 2012.