Residential Archives - Page 208 of 222

Manhattan rents: Nothing like them on earth

REW Staff July 20, 2012 July 20, 2012

by REW StaffJuly 20, 2012July 20, 2012857

By Al Barbarino Manhattan rents have hit historic highs – again. Data from leading city brokerages shows that the Manhattan rental market continues to lead renters deeper and deeper into landlord territory. The average Manhattan apartment rented for $3,778 in Q2, up from $3,650 in Q1, according to data from the Q2 Elliman Report from Prudential Douglas Elliman Real Estate. Median prices increased from $2,896 to $3,125.

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Lolli looking to expand franchise operation

REW Staff July 19, 2012 July 19, 2012

by REW StaffJuly 19, 2012July 19, 2012771

Rapid Realty, the upstart New York-based firm that’s opened 55 franchises since launching in 2009, is expanding further. CEO and founder Anthony Lolli said he is currently scouting out locations for new franchises in Boston, Philadelphia, Atlanta and Tampa and other markets across the country. The company currenlty has 55...

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First for Fields in Jersey City

REW Staff July 19, 2012 July 19, 2012

by REW StaffJuly 19, 2012July 19, 2012793

Leasing will open this fall for Madox, a new upscale rental community that is on schedule to earn the first LEED certification for a residential building in Jersey City. Names are currently being accepted for a priority list of renters who will receive first preference at the collection of...

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Rudin celebrates sell-out

REW Staff July 19, 2012 July 19, 2012

by REW StaffJuly 19, 2012July 19, 2012661

The Rudin Family’s new condo, 130 West 12th Street, in Greenwich Village, has sold out eight months after the start of sales. Closings will begin early next week and buyers will start moving in shortly thereafter, according to Samantha Rudin Earls, partner in the Rudin development and vice president of...

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Wee, the people: Demand high for ‘micro’apartments as population surges

REW Staff July 18, 2012 July 18, 2012

by REW StaffJuly 18, 2012July 18, 20121577

By Sarah Trefethen When Mayor Michael Bloomberg announced last week that the city will sponsor a competition for developers to build a development of 300 s/f “micro-apartments” on city-owned land, some people wondered if anyone would ever want to live in such cramped quarters. But brokers familiar with the wants and needs of Manhattan’s house-hunting singles are adamant the mayor has it right, and — with a little attention to design — tiny apartments could help fill a huge demand. “If they build it, we can sell it or rent it,” said William Moye, a sales and leasing broker at Bond New York.

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Citi Habitats opens new office

REW Staff July 18, 2012 July 18, 2012

by REW StaffJuly 18, 2012July 18, 2012914

Citi Habitats announced that agents are moving into the firm’s newly renovated Union Square office, located on the 5th floor of 250 Park Avenue South. The office renovation is part of what the company has labeled a process of “building the Citi Habitats of tomorrow.” As well as new branding, the strategic plan involves the consolidation of some offices. “The pattern of business has changed,” said Gary Malin, president of the firm. “Citi recognizes that the needs of consumers has shifted from being able to walk into a storefront to working online with technologically savvy agents..”

Residential

Crescent Club launches in Long Island City

REW Staff July 16, 2012 July 16, 2012

by REW StaffJuly 16, 2012July 16, 20121037

Crescent Club, a luxury building in Long Island City developed by Meadow Partners and Simon Development Group, has launched a collection of 130 rentals with condo-style interiors and Manhattan skyline views. Originally conceived as an upscale condominium, the 17-story brick and glass building located at 41-17 Crescent Street offers...

Residential

Pitch perfect business for Karalanian

REW Staff July 16, 2012 July 16, 2012

by REW StaffJuly 16, 2012July 16, 2012854

By David Jo When Alex Karalanian, a senior associate at Citi Habitats, was seven years old, he launched his first business venture — a marketing company called Ads, Etc — on his father’s computer. “I didn’t get any calls unfortunately, but it was a sign of things to come,” said Karalanian, a tri-lingual New Yorker who speaks Romanian and French as well as English. During high school, he worked as a door-to-door salesman and telemarketer in White Plains, New York. The son of a Romanian father and French mother, he was raised bilingual and spent summers vacationing in southern France, in an apartment overlooking the Mediterranean.

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Prudential Douglas Elliman team chosen to market Woodbury Village

REW Staff July 13, 2012 July 13, 2012

by REW StaffJuly 13, 2012July 13, 2012772

The Nickolai Group at Prudential Douglas Elliman has been selected as the exclusive listing agency for Woodbury Village, a 130 acre site located in Harriman, New York, adjacent to Woodbury Commons. The property has been designated to be the largest transit oriented development project in the State of New York. Located half a mile south of Exit 16, it is bordered by the New York Thruway (I-87) and Conrail to the east, Route 17M and Averill Avenue to the West & North. Ninety thousand (90,000) vehicles pass the site daily.

Residential

World’s home buyers knocking on America’s front door

REW Staff July 5, 2012 July 5, 2012

by REW StaffJuly 5, 2012July 5, 20121321

Due to low prices and the relative weakness of the dollar, international buyers continue to identify the U.S. as a desirable place to own property and make a profitable investment. According to the National Association of Realtors 2012 Profile of International Home Buying Activity, total residential international sales in the...