How to Conduct Due Diligence on NYC Foreclosures
Buying a foreclosure is by nature a risky business, and it’s easy for any buyer to end up over-paying for a property that is nothing like what they expected. The lack of information regarding the state of the property at the time of the auction can turn what seemed like a bargain into a money…
Mom-and-Pop Investor Nabs Three Nolita Retail Condos
Adelaide Polsinelli, Vice Chair of Compass, has recently completed the off-market sale of three retail condos located at 262-272 Mott Street, in the heart of Manhattan’s Nolita. The condos, consisting of 2,500 square feet, sold for $7,350,000, just under $3,000 per square foot. The buyer, a mom-and-pop firm, plans to occupy the space. The deal…
Industrious Inks Deal for Second DTLA Location
Industrious will take over 22,275 square feet of Los Angeles office space at 444 South Flower Street, known as the Citigroup Center. The coworking firm entered a partnership with the owner, Coretrust Capital Partners. Following this deal, Industrious will have two locations in DTLA and six in LA county. Conveniently located in the heart of…
Hell’s Kitchen One-Bed, One-Bath Condo Headed for the Block
678-square-foot one-bedroom, one-bathroom, three-room condo is scheduled for auction February 23, 2019 with a lien of just over $790,000. The auction will take place at 2:00 PM at 60 Centre Street, New York City. 635 West 42nd Street Unit 7D is a 678-square-foot-condo that was purchased in December 2007 for $720,000. On the date of…
10 of the Greenest Buildings in New York City
Eco-friendly features in real estate can be attractive to investors, buyers, tenants, and other stakeholders. With constantly improving technology and materials that make green building design easier than ever before, we are seeing an influx in the number of green buildings in New York City. Check out 10 of the greenest buildings in the City…
Expert Interview: Eran Polack, CEO and Co-Founder of HAP Investments
For our latest Expert Interview, we had the opportunity to speak to Eran Polack, CEO and Co-Founder of HAP Investments. Eran is a well-recognized entrepreneur with a long, successful career in the real estate industry even before moving to the United States in 2011. A native Israeli, he had multiple successful ventures in Israel as…
What Are the Best Cities to Buy a Home in Based on Your Occupation?
In the age of renters, buying a home for some is only a distant dream. Most of the younger generation is mired in student loan debt and stuck paying high rents, with slim chances of saving even a penny for a down payment. Homeownership is especially hard for graduates that remain in high-cost cities after…
What a Difference a Foot Makes: Encroachments, Easements, and Adverse Possession
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. While you might never think that…
Expert Interview: Luxury Real Estate Marketing with Stephanie Anton
Stephanie Anton, president of Luxury Portfolio International, the luxury home marketing division of Lead Real Estate Companies of the World, sat down with us to share her insights for our latest Expert Interview. Stephanie has been in charge of the daily marketing operations of the global luxury marketing program for Luxury Portfolio International since its…
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…
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