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…
GM’s Driverless Car Unit to Take 47K SF in Pasadena
GM Cruise has inked a seven-year lease for 47,051 square feet at 465 N. Halstead Street, a recently upgraded two-story office building in Pasadena. General Motors’ driverless car unit will pay $11.4 million for the space. CBRE represented the landlord, EverWest Real Estate Investors, in the deal. In 2016, EverWest purchased the 239,000-square-foot property known…
Lyft to Join Peloton at New Hudson Commons Redevelopment
Ridesharing giant Lyft has inked a 100,638-square-foot lease at Hudson Commons, a creatively-repositioned Manhattan office tower located at 441 Ninth Avenue. The company will join Peloton, which signed a 312,200-square-foot lease here in November. The building, which is now 63 percent pre-leased, is expected to be delivered this summer. In December 2016, Cove Property Group…
The Most Expensive Homes Ever Sold in New Jersey
Just a stone’s throw from pricey New York City, New Jersey’s real estate market is a very different creature. While the Jersey’s property market may not have NYC’s record-breaking prices and high-profile deals, its proximity to NYC presents an attractive opportunity to buyers looking for ample acreage close to Manhattan From music moguls such P….
You Finally Found Your Dream Home… Now What?
A step by step process for closing on real property in NYC 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…
WeWork to Take Over 100K SF in LA’s Arts District
WeWork will take over the entire 100,000 square feet of Los Angeles office space at Maxwell, a three-building redevelopment project located at East 4th Pl. and Mateo. The deal marks the coworking firm’s twentieth location in LA, as well as its first move into the Arts District. WeWork has also recently signed a deal for…
Hewlett Packard Enterprise to Relocate NYC Offices
Hewlett Packard Enterprise has recently signed a 10-year lease for 17,945 square feet of Midtown Manhattan office space at SL Green Realty’s 461 Fifth Avenue. The company plans to relocate its current New York City offices from 556 West 22nd Street here. Hewlett Packard will take over the entire eighth and tenth floors in the…
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