Victoria Rong Kennedy from Citi Habitats: Manhattan Always Offers Opportunity for Savvy Investors
Victoria Rong Kennedy, licensed real estate broker and trained architect is the latest person to share her insights with us in our Expert Interview series. Born in an architect and real estate developer family in Beijing, China, Victoria grew up with a strong sense of aesthetics, learning to value characteristics such as building location, quality…
TriBeCa, SoHo Still Most Expensive Neighborhoods in New York City, but DUMBO Gains Ground With 37% Price Increase
Key Takeaways: TriBeCa entrenched as #1 most expensive neighborhood in NYC, despite 26% Y-o-Y price drop With a $2.95 million median sale price, SoHo remains firmly in second place Brooklyn’s Homecrest sees sharpest median sale price increase at 80% At #3, DUMBO is Brooklyn’s priciest neighborhood The Upper East Side is NYC’s most active neighborhood…
The Most Expensive Homes for Sale in South Carolina
Although struggling with low inventory levels, South Carolina came off a banner 2017, setting an all-time record for home sales, according to the South Carolina Association of Realtors. Currently established as a seller’s market, South Carolina is continuing the previous year’s performances, with year-over-year median home sales prices up 7.1% in the Charleston MSA, 6.52…
RJ Lennon from Citi Habitats: People Who Live in the Bronx Should Buy the Bronx
Robin J. Lennon, more commonly known as RJ, is a licensed real estate salesperson at Citi Habitats and we had the pleasure of getting a glimpse of his vast knowledge for our Expert Interview series. RJ is adamant about the Bronx’s potential to grow in the upcoming years, encouraging people who live there – and…
The Most Expensive Homes for Sale in Alabama
Reflecting national trends, Alabama’s real estate market is seeing diminishing supply and growing prices. Decatur currently ranks as the most affordable and Daphne-Fairhope-Foley the least affordable metro area, according to the Alabama Center for Real Estate. When it comes to non-metro areas, Tallapoosa County ranks as the priciest area thanks to Lake Martin’s pricey waterfront homes, which…
Stephen Preuss from Cushman & Wakefield: There Is a Disconnect between Buyers and Sellers
Stephen R. Preuss is a Senior Managing Director in the Capital Markets Group of Cushman & Wakefield, where he focuses on investment sales for the New York Metropolitan Area primarily in Queens. We’ve had the honor to get his insights for our latest Expert Interview. During his 19-year career, Stephen has transacted over $2 billion…
Kaan Sanalan from Citi Habitats: Always Ask for Advice from Your Managers and Other Successful People
For our newest Expert Interview, we had the pleasure of talking to Kaan Sanalan of Citi Habitats, who was happy to share with us his unique journey to becoming a successful real estate agent. Kaan Sanalan’s interest in urbanism led him to study Architecture and Real Estate at Syracuse University, moving from Istanbul in 2010….
EQ Office Partners with Industrious for New LA Employee-Oriented Workspace
EQ Office, formerly known as Equity Office, has undergone a major rebranding effort and is now partnering with Industrious to create an employee-oriented workspace at the Howard Hughes Center in Los Angeles. The collaboration is the first of its kind, a unique partnership between a real estate owner and a flex operator. The six-building, 1.4…
Discovery Chooses Manhattan for New Global Headquarters
Discovery has recently signed a lease at 230 Park Avenue South, a 362,000-square-foot Manhattan office building, which is going to become the company’s new global headquarters. The move will begin in the fall of 2019, and continue through mid-2020, as the leading real-life entertainment provider plans to relocate its current headquarters from Silver Spring, Md.,…
HNA’s 850 Third Avenue Gets $342M Refi from Natixis, Paramount & Harbor
Natixis, real estate investment trust Paramount Group, and Harbor Group International recently provided $342 million in refinancing for the property at 850 Third Avenue. The Midtown Manhattan office building is owned by HNA Group, in partnership with MHP Real Estate Services and ATCO Properties & Management. According to the Commercial Observer, Natixis provided a $242…
HFF Secures $150M Loan for State-of-the-Art Silicon Valley Office Project
HFF announced that it has secured $150 million in financing for 1625 Plymouth, a built-to-suit Mountain View office development. The firm acted on behalf of Broadreach Capital Partners to arrange a fixed-rate permanent loan with the New York State Teachers Retirement System. The loan closing coincided with the completion of the building’s warm shell and…
Ari Harkov from Halstead Property: VR will Potentially Change the Way Clients Experience Home Visits
Ari Harkov, licensed real estate associate broker at Halstead Property and expert contributor for the New York Daily News is our latest expert of the series to kindly share some of his expertise with us. From semi-professional opera singer to renowned real estate agent, Ari values honesty and is always thoughtful in his approach with…
The Most Expensive Homes for Sale in Louisiana
One of the most beautiful places in the U.S., Louisiana’s real estate market is dominated by Metro New Orleans. The Big Easy showed a rare real estate trend, ranking as one of only three metros where time spent on the market is now higher than it was in 2010, according to MarketWatch. Average prices, the…
Does NYC Still Have Room for Growth? A Study on Undeveloped Land in Major US CBDs
COMMERCIALCafé conducted a study looking at the amount of vacant land in 25 major U.S. downtowns. Using combined data sets from Property Shark, Yardi Matrix and other government records, they determined the amount of undeveloped land, construction projects that were completed in the past five years and future development pipelines in the urban cores of…
How Many People Became Millionaires by Selling Their Homes Since the Turn of the Century?
Ever wondered what it takes to become a millionaire? Besides the obvious lottery jackpot, there are a few opportunities and smart investment strategies you can choose from in the hopes of joining that particular club, and if you follow a strict set of rules, you’re destined for success. Alternatively, you can just buy a house…
Vornado Agrees to Sell 49.5% Interest in 666 Fifth Avenue to Kushner
Vornado Realty Trust announced that it has agreed to sell its 49.5% interest in the 666 Fifth Avenue office condominium to Kushner Cos., the majority owner. The contract was negotiated for net proceeds of $120 million, but as it is conditional, there can be no assurance that it will go through. If it does, the…
NKF Arranges Largest Orange County Office Deal of the Year
NKF Capital Markets has arranged the sale of The Summit Office Campus, a five-building office complex in Aliso Viejo, Calif., to Rockpoint Group. According to Connect Media California, the 479,451-square-foot complex changed hands for more than $150 million, making it the largest office investment sale in Orange County so far this year. Located at 65,…
Malcolm Louis Adams from Century 21 Milestone: Working in Real Estate Is Not Easy, You Must Embrace the Grind
Malcolm Louis Adams is a real estate associate broker at Century 21 Milestone Realty and we had the pleasure of getting his insights for our Expert Interview series. Malcolm is optimistic about Brooklyn’s potential to continue its growth, especially in neighborhoods such as Bushwick and East New York. He is very enthusiastic when it comes…
Manuel Vargas from Keller Williams: Low Inventory is the Most Common Problem
Here’s a fresh interview from our series! We have recently had the pleasure of getting some insights from Manuel Vargas, a licensed broker associate at Keller Williams, where he works with both sales and rentals. Having chosen a career in real estate due to the freedom it affords, Manuel is focused on finding the best…
The Most Expensive Homes for Sale in New Mexico
A land of vibrant culture, rich architecture and unparalleled natural landscape, New Mexico’s real estate market is booming. April homes sales were up 40% year-over-year, while median prices grew nearly 10% over the same period, according to the latest data from the REALTORS Association of New Mexico. Santa Fe in particular is experiencing a real…
Want to stay on top of the real estate market?
Access comprehensive property data and ownership information with intuitive research tools.