Breaking Through the Roadblocks of Real Estate Investing
There are many reasons why people think they can’t invest. The media only focuses on the 1% and how the middle and lower classes are drowning in debt. There are very few reasons keeping you from investing. Some roadblocks are bigger than others, and it may not be easy. They take imagination and sacrifice to…
Why You Should Invest in Real Estate
Understanding personal finance is the first step on the way to financial independence. Now you can make that money you’ve saved work for you, and investing is the most effective way. It allows you to earn money while you sleep and take advantage of compounding. Prepare for Emergencies and Retirement Many Americans don’t have enough…
Personal Finance: Your Relationship with Money
“You can afford anything, but not everything.” Before we get into investing, we need to address the elephant in the room – your personal finances. To invest, you first need money to invest with. Here’s a quick guide to gauge your financial fitness: How much you earn – How much you spend = How much…
Expert Interview with Sotheby’s International Realty CMO, Kevin Thompson: A Change is Occurring in the Luxury Real Estate Industry Now
For the latest expert interview in our series, we had the chance to talk to Kevin Thompson, Chief Marketing Officer for Sotheby’s International Realty Affiliates LLC. With an impressive background in education, high-end fashion, and luxury real estate, Kevin is the mastermind behind all digital marketing, advertising and PR initiatives for the Sotheby’s International Realty…
What Every Consumer Should Know: Recent Legislative and Tax Changes Under New York State’s Real Estate Law
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. Due to 2019 changes in the…
Brokers Beware – 7 Common Legal Mistakes to Avoid
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. Have you been watching too many…
1.6 Billion Square-Feet of Unused Air Rights in NYC
The rental market in NYC is primed for change and not everyone agrees on which direction to go. With landlord/tenant regulations set to change in June, the rental landscape in NYC could look very different in 10 years. Additionally, air rights, also called development rights, are also on the legislative docket. NYC currently has over 1.6…
Showing Houses After Class – Starter Guide for a Real Estate College Job
Real estate can appear to be a flashy industry, especially in the age of sleek reality TV shows that follow the lives of agents closing high-profile deals for six-figure commissions. But the industry, and especially the role of real estate agent, is one that is often misunderstood – being an agent is neither about driving…
Theatre District Median Home Prices Go Up 63% in Q1 2019, Queens’ Ditmars Surges 115%
Key takeaways: TriBeCa, SoHo remain #1 and #2 most expensive NYC neighborhoods in Q1 2019 Garment District prices increase 49%, landing the neighborhood in the 3d spot Theatre District median reaches $1.7 million with 54 transactions The East & West Village prices declined 35% and 56%, respectively Queens’ Ditmars – Steinway median prices go up…
Commercial Leasing: Landlord & Tenant’s Responsibilities
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 responsibilities of a commercial tenant…
Brooklyn Foreclosures Drop 22% in Q1 2019, Bronx Foreclosures Up 28%
Key takeaways: NYC first-time foreclosure cases decreased 5% in Q1 2019 In Q1 2019, Queens had the highest number of unique cases: 315 foreclosures The Bronx had the largest increase in foreclosure activity, with a 28% surge With a 22% drop, Brooklyn foreclosures decreased the most among the five boroughs NYC lis pendens decreased 13%…
Savanna Nabs SL Green’s 521 Fifth Avenue for $381M
Last week, SL Green announced it has agreed to sell 521 Fifth Avenue to Savanna for $381 million. New York City’s largest office landlord owns a 50.5 percent in the 460,000-square-foot Midtown Manhattan office building. The deal is expected to close in the second quarter this year. Conveniently located in the proximity of Bryant Park…
ServiceTitan Expands to 125K SF at Nestle’s Former HQ in Glendale
ServiceTitan Inc. has recently signed a lease for 125,000 square feet of Los Angeles office space at 800 N. Brand Blvd. in Glendale. The tech startup will take over five floors of the building that were formerly occupied by the Nestlé USA headquarters, which was moved to Virginia last year. The 21-story, 520,000-square-foot building at…
Commercial Leasing 101
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. Many residential brokers have been intrigued…
The Top 10 Best Commuter Towns in Los Angeles and San Francisco
Key Takeaways: Commuter towns. Nothing but tail lights, the futile honking of horns, and all the wasted minutes of your life flying by while you sit still. It’s enough to give even the most hardened Californian anxiety. For most, this hellish commute is just the price of admission for a quieter, safer, and more spacious…
Lantana Office Campus to Change Hands for $350M
Skydance Media is close to purchasing two buildings in the Lantana Media Campus in Santa Monica. If the deal goes through, the entertainment company will pay $350 million for the space, roughly $1,250 per square foot. Located at 2900 and 3000 Olympic Boulevard, the two properties dubbed Lantana West and Lantana Center total 278,680 square…
The Carlyle Group Expands Lease at One Vanderbilt
SL Green has recently announced that The Carlyle Group expanded its 15-year lease at One Vanderbilt, planning to take over an additional 32,592 square feet of Midtown Manhattan office space here. The deal brings The Carlyle Group’s total square footage at the building, currently under construction, to 127,744. The new 1,401-foot office tower branded One…
Most Expensive Street in the Hamptons Posted a $15M Median Home Sale Price in 2018
Even though the number of home sales in the Hamptons has slowed, there was no shortage of houses trading for over-the-top prices in 2018. As the median home sale price in the Hamptons dropped below $1 million last year, two streets actually saw median sale prices pass the $10 million mark. Truth be told, buying…
Expert Interview: Erin Alls on Working with Tech Clientele in Silicon Beach
For out latest Expert Interview, we shifted our focus a bit beyond NYC real estate to the west coast, specifically California. We had the opportunity of talking to Erin Alls, founder and president of Silicon Beach Homes. Erin moved from NYC to Marina del Rey, CA along with her husband well over 8 years ago….
Median Home Prices Along the Bronx’s Grand Concourse Increased 68% in the Last 5 Years
Once dubbed the “Park Avenue of the Middle Class”, the Bronx’s Grand Concourse has become something of a phenomenon ever since the thoroughfare opened in 1909. Fast-forward 110 years, and the desire to live here has become greater than ever. The elevated housing demand in the neighborhoods around the boulevard pushed the median home sale…
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