16 Things to Consider When Leasing Office Space
One of the most exciting things about running a business is moving into a new office, and it’s an important milestone that can help your business grow and prosper. However, choosing the wrong office lease can stop your growing business in its tracks, regardless if you’re in Los Angeles or New York City. To avoid…
30 Key Office Leasing Terms You Need to Know
Negotiating a commercial office lease can be complicated; it’s sort of like trying to read a prescription from your doctor. There are abbreviations, jargon, and words that commercial real estate (CRE) professionals use every day, and they assume you know what everything means. To make things even trickier, the exact same term can mean different…
Top 50 Most Expensive Desert States Zip Codes in 2019
Key Takeaways: At $1.76 million, Glenbrook, NV, is the most expensive desert states zip code. Only 3 Nevada and Arizona zip codes feature medians greater than $1 million. Paradise Valley remains home to Arizona’s priciest zip code, up 40% in two years. With 7 each, Phoenix and Scottsdale tie for the highest number of expensive…
Manhattan Office Report Q3 2019: Price per Square Foot Reaches $1,676, Trophy Leases Surge
Key Takeaways Wafra flips the Coca-Cola Office Building and nets $30 million in less than 30 days Class A+ office rents in Manhattan surge 9.5% month-over-month Office sales prices reach a four-year high of $1,676 per square foot 3 million square feet of new office inventory set to hit the market by year-end Most signs…
$1.2M Pre-War Condo Hits Auction Block with $600K Lien
An 856-square-foot condo in a pre-war, full-service doorman building is headed to auction on December 4, 2019, with a lien of less than $600,000. The auction is scheduled for 2 p.m. at 60 Centre Street, New York City. The property, Unit 7C located at 230 Riverside Drive, was purchased in April 2007 for $890,000. On…
Facebook Officially Signs Lease for 1.5M SF at Hudson Yards
Facebook has officially signed a lease for over 1.5 million square feet of Manhattan office space at Hudson Yards, after months of rumors about the company’s interest in the location. The tech behemoth will be taking over 30 floors in three of the Hudson Yards buildings, developers Related Cos. and Oxford Properties Group announced last…
Top Most Expensive U.S. Zip Codes in 2019
While 11 states rank, California claims most expensive zip codes in any city, county or metro with San Francisco, L.A. County and Bay Area.
Miami-Dade Residential Price Evolution 2014-2018: Median Sale Price More Than Doubles in 7 Markets
Key Takeaways: Pinewood leads residential price growth with 138% expansion rate. Highest growth rates recorded in markets with 2014 medians below $80,000. Fontainebleau sales activity soars with 210% appreciation. Miami median sale price gains 30% in five years, hits $334,000. At $2.4M, Golden Beach is most expensive Miami-Dade market. One of the most vibrant cities…
Are NYC Pieds-a-Terre Facing Additional Taxation?
NYC-based boutique law firm Pardalis & Nohavicka brings the latest legal updates from the world of real estate to PropertyShark. Pardalis & Nohavicka handles an eclectic array of matters, representing individuals and business owners in civil litigation, criminal cases and business transactions, currently litigating and representing clients throughout the United States and around the world. New York City is always looking…
Bay Area Price Evolution 2014-2018: Bethel Island Median Up 117%, but Peninsula Still Absolute Price Leader
Key Takeaways: Median sale price up 40%+ in one-third of Bay Area markets. Bethel Island median leads with 117% expansion. 43 Bay Area municipalities post medians of at least $1 million. Penngrove leads sales activity growth, expanding 88%. At $6.7 million, Atherton is the most expensive Bay Area market. One of the most exclusive real…
Multifamily Sales Volume Declines City-Wide, But Gains 26% Y-o-Y in Brooklyn
Key Takeaways: City-wide multifamily sales volume down 60% Y-o-Y. Brooklyn sales volume climbs 26% Y-o-Y. NYC price per unit gains 26% over year-ago figures. Top multifamily sale in Manhattan fetches $53 million. YTD unit volume drops 65% in Queens. Sales activity down 60% in the Bronx. As New York City’s commercial real estate market adjusts…
2-Bed, 2-Bath East Village Condo Heads to Auction for Less Than $800K
5.5-room condo in East Village elevator building is heading to auction on November 20, 2019. The lien is $786,804 on a property estimated to be worth nearly $2 million. The auction is set for 2 p.m. at 60 Centre Street in New York City. Unit 6D in the elevator condo building located at 754 East…
Hudson Valley Residential Price Evolution 2014-2018: Prices Contract in 39% of Hudson Valley Markets
Key Takeaways: Stanford leads Hudson Valley price evolution with 36% median growth. Deerpark undergoes biggest price contraction at 27%. Sales activity more than doubles in Union Vale and Dover Town. At $1.85 million, Rye has the highest median sale price in the Hudson Valley. Located on the doorstep of one of the most dynamic real…
Four-Story Upper West Side Brownstone Up for Auction
S1-zoned brownstone on the Upper West Side goes to auction on November 13, 2019, with a lien of nearly $7 million. The auction will take place at 2 p.m. at 60 Centre Street New York City. 128 West 95th Street was purchased in 2006 for $4,325,000 with a mortgage of $4,336,679 taken out on the…
$1.8M Bed-Stuy Rowhouse Hits Block with $1M Lien
120-year-old Bedford-Stuyvesant rowhouse to be sold at auction on November 7, 2019 with a lien of $1 million. The auction is scheduled for 2:30 p.m. at 360 Adams Street, Brooklyn. Located it fashionable Bed-Stuy, 593 Lexington Avenue was purchased for $630,000 in 2005. Two mortgages were taken out on the day of the sale, both through…
Purchasing Real Estate Under an LLC: No Longer an Option?
NYC-based boutique law firm Pardalis & Nohavicka brings the latest legal updates from the world of real estate to PropertyShark. Pardalis & Nohavicka handles an eclectic array of matters, representing individuals and business owners in civil litigation, criminal cases and business transactions, currently litigating and representing clients throughout the United States and around the world. The New York City real estate…
NYC Multifamily Market Continues Slowdown in September, Y-O-Y Sales Volume Declines 76%
Key Takeaways: September slowest sales month for NYC multifamily, down 51% Y-O-Y Queens doubles September sales volume Bronx prices hit lowest figure in 18 months YTD unit volume down 74% in Brooklyn Y-O-Y sales volume falls 81% in Manhattan City-wide sales volume drops 76% Y-O-Y New York City’s new Housing Stability and Tenant Protection Act…
2,800-Square-Foot Queens Property Goes to Auction with $1M Lien
Turn of the century three-family property in Astoria/Long Island City goes to auction on November 1, 2019 with a lien of just over $1 million. The auction is scheduled for 10:30 a.m. at 8811 Sutphin Boulevard, Jamaica, New York. 35-11 30th Street in Long Island City was bought in 2005 for $785,000. Two mortgages were…
5 Best Coworking Spaces in TriBeCa
At a time when coworking spaces are at their peak, it can be challenging to pick the right shared office that is in line with your personal needs and professional aspirations. And, because the global growth of coworking is even more prevalent in larger cities, it can be quite overwhelming to search through the myriad…
2-Bedroom, 2.5-Bath Turtle Bay Condo Heads to Auction with $1.8 Million Lien
1,590-square-foot United Nations Plaza condo in 49-story high-rise  scheduled for auction on October 23, 2019, with a lien of $1,811,253. The auction is set to take place at 2 p.m. at 60 Centre Street in New York City. Unit 42B in 100 United Nations Plaza was purchased in 2007 for $1.975 million. A mortgage was…
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