GreenOak and Rising Realty Secure $111M Refi for The CalEdison
GreenOak Real Estate Advisors and Rising Realty Partners obtained a $111 million floating rate loan for the historic CalEdison office building in Los Angeles. Invesco Real Estate provided the financing, while JLL arranged the deal. Opened in 1931, the 14-story building at 601 West 5th Street was originally the headquarters of the Southern California Edison…
Spaces Inks Lease for 84K SF at 31 Penn Plaza
Coworking firm Spaces signed a lease for 83,840 square feet of Chelsea office space at 132 West 31st Street, also known as 31 Penn Plaza. The IWG subsidiary will remain here for the next 15 years. The landlord, Vanbarton Group, inked three other leases in the building. Spaces will take over part of the ground…
3-Bedroom Upper West Side Condo Set for $1M Auction
5 ½-room, 3-bedroom, 3-bathroom 1,351-square foot condo in Upper West Side elevator building is scheduled for auction on January 23, 2019 for a lien in excess of $1 million. The auction will take place at 2:00 PM at 60 Centre Street, New York City. Unit #10F at 100 West 93rd Street on Manhattan’s Upper West…
Expert Interview: Gordon Newton Talks Timeshare Exits
For our latest Expert Interview, we had the pleasure of talking to Gordon Newton, president and co-founder of Newton Group Transfers. Having worked as an executive in the timeshare exit industry for over a decade, Newton regularly shares his industry knowledge and best practices, as well as revealing the common scams to avoid — the main…
How to Resolve A Neighborhood Fence Dispute
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. In today’s litigious society,…
The Rise and Fall of the American Downtown – A Look into the Home Price Evolution of the Nation’s Urban Cores in the Decade Since the Downturn
From a city’s economic engine to the center of political and administrative power. From cultural heart and nightlife hotspot to dilapidated buildings and high crime rates. From opulent penthouse suites to derelict homes. The downtowns of American cities, both big and small, have always been dynamic places that shifted with the times. From the early…
Three New Tenants to Move into Condé Nast’s Old Space at 4 Times Square
Three tenants have signed new leases or expansions amounting to 154,000 square feet of Midtown Manhattan office space at the Durst Organization’s 4 Times Square. National Cable Communications, Analysis Group and SS&C Technologies will be taking over Condé Nast’s former offices. National Cable Communications inked a deal for 65,000 square feet on the 11th and…
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…
Want to stay on top of the real estate market?
Access comprehensive property data and ownership information with intuitive research tools.