Online Medical Apparel Startup Signs Lease for 26K SF at Santa Monica Gateway
Online medical apparel startup FIGS inked a lease for 26,118 square feet of Los Angeles office space at Santa Monica Gateway, according to CBRE. The location will serve as the company’s new headquarters. Dubbed Santa Monica Gateway, the property at 2834 Colorado Avenue is a newly developed, 200,000-square-foot office complex consisting of two four-story buildings….
Top 10 Most Expensive Home Sales of 2018 in Upstate New York
There’s always something that grabs people’s attention when it comes to top 10 lists, especially when it’s about people paying exorbitant prices for luxury real estate in interesting locations. As 2018 came to a close, we thought about rounding up the top 10 most expensive residential sales in Upstate New York. The sale prices in…
NYC Residential Foreclosures Are Stabilizing (Q4 2018)
Key takeaways Queens, with an 8% increase Y-o-Y, was the only borough to see an uptick in foreclosures: Closing Q4 with 178 cases, Brooklyn saw a 6% Y-o-Y drop The Bronx foreclosures plummeted 54%, with only 90 properties heading to auction in Q4 Staten Island first-time cases increased a whopping 269% quarter-over-quarter Lis pendens cases…
NYC Multifamily Market Slows Ahead of June 2019 Uncertainty
The overwhelming success of Democratic candidates in New York’s midterm elections places the party in its strongest state-level position in decades, perhaps the strongest since the 1930s. This has led some real estate professionals to wonder if calls for more regulations, such as increased rent stabilization, will lead to uncertainty in The Empire State’s property…
3-Bedroom Home on 4,000 Square Foot Lot up for Auction in Midwood, Brooklyn
A 1,916 square-foot single-family home with full basement and two-car garage in south-central Brooklyn goes to auction on January 3, 2019, with a lien of $1,287,425. The auction is set for 2:30 PM at 360 Adams Street, Brooklyn, New York. The three-bedroom, 1,916-square-foot single-family home at 790 Argyle Road was purchased in November 2005 for…
Expert Interview with an Innovative Real Estate Duo: Louisa Gillen and Chris Palminteri
After spending nearly 2 decades as a top producing team for The Corcoran Group, with more than 250 transactions totaling over $350 million, wonder-duo Louisa Gillen and Chris Palminteri went on to create their own residential real estate brokerage firm, The SIMPLE Real Estate Co. (“SIMPLE”) — the first one designed specifically for sellers. Louisa and…
Eight-Figure Medians and Record-Breaking Deals – These Are 2018’s Most Expensive Neighborhoods in the L.A. Area
Los Angeles and Malibu may dominate by sheer volume of expensive locations, but Beverly Hills claims 3 of the 5 priciest L.A. area neighborhoods.
Which Are the Most Expensive Neighborhoods of San Francisco in 2018?
Key takeaways: At #1, Presidio Heights prices grew 24.5% Y-o-Y to $4.5 million Sea Cliff landed at #2 with a median home sale price of $3.88 million Lone Mountain saw the biggest surge in prices: 57.4% increase Y-o-Y With a $1.2 million median, the Financial District didn’t make the top 50 shortlist Clarendon Heights (-14%)…
What Does a Broker Need to Do to Get Their Real Estate Commission?
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 in New Jersey, Pennsylvania, Massachusetts, California, Greece, and the United Kingdom. Real…
FAQ: Securing Your Broker’s Commission
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 in New Jersey, Pennsylvania, Massachusetts, California, Greece, and the United Kingdom. A…
FAR – The Significance of Floor Area Ratio
Floor Area Ratio, often referred to simply as FAR, is an essential concept for anyone who is concerned with the way zoning can affect a neighborhood. Pronounced “F-A-R,” it can be challenging, but it’s important to understand. The purpose of FAR The point of FAR is to limit the size of a building in relation…
Two-Family Row House Up for Auction in Middle Village
1,720-square foot two-family home in Middle Village, Queens goes up for auction on December 14, 2018 with a $430,000 lien. The auction will take place at 10:00 AM at 88-11 Sutphin Boulevard, Jamaica, New York. 66-11 74th Street in Middle Village, Queens is a two-family home built around 1930. It was inherited by its current…
Blackstone Expands Footprint at 345 Park Avenue
Blackstone is expanding its New York City headquarters at 345 Park Avenue. The giant signed a seven-year lease for an additional 149,000 square feet of Midtown Manhattan office space here, according to the owner, Rudin Management. The 1.9 million-square-foot, 44-story building at 345 Park Avenue boasts a LEED Gold Certification. Blackstone has been a tenant…
All You Need to Know About NYC’s BBL
When you know what property you are searching for, BBL offers you the simplest process of getting directly to that property. BBL stands for borough, block, and lot, and is a unique identifier for every property in New York City. The BBL consists of three numeric sequences separated by slashes. The borough is always the…
Understanding the Difference Between Market Value and Assessed Value
Though many assume that a property’s assessed value and market value are related, there is often no real correlation. This is due to the fact that they are determined in different ways and for different purposes. Understanding Market Value To put it simply, the market value of a home is the point at which the…
Two-Story Row House Up for Auction in Queens
1,120-square-foot single-family home with full basement goes to auction December 14, 2018 with a lien of $285,464. The auction will take place at 10:00 AM at 88-11 Sutphin Boulevard, Jamaica, New York. The two-story row house home at 80-20 Park Lane South in Woodhaven was purchased in 2000, with a $167,200 mortgage taken from Crossland…
Luxury Condos Stay Strong in November, While Single-Family Slides
Top condo transactions for November had two of the fall seasons higher profile sales, both at the newly-opened 520 Park Avenue luxury tower. British billionaire James Dyson, founder of the Dyson vacuum company, picked up Manhattan luxury condos are still a hot commodity. While luxury condo prices remained strong in NYC, high-end single-family home prices continued to…
November Posts the Largest NYC Commercial Deals of the Fall Season
Big sales in the NYC office market were fewer in November, with one notable exception. The 700,000 square-foot 425 Lexington was picked up by the Vanbarton Group for over $700 million, or $1,000 per square-foot. Prior to this, the most expensive commercial sale of the fall was 101 Barclay Street in TriBeCa. With over one…
LA’s Luxury Residences Remain Above $2,000 Per Square-Foot for November
LA’s high-end residential market maintains traction despite rising interest rates. Top locations for single-family homes continue to be Beverly Hills and Malibu, with top prices in the low eight-figure range. The most expensive sale was in Bel Air. The 7,500 square-foot compound sold for almost $20 million, more than $2,600 per square-foot. LA’s luxury condo…
November Posts the Largest LA Commercial Deals of the Fall Season
Despite rising interest rates, both office and retail sales have seen some of the biggest deals of the season in November. Heitman acquired the five-building Campus at Playa Vista for over $320 million, easily the largest office deal of the fall at almost $1,000 per square-foot. Playa Vista has seen quite a lot of office…
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