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…
Kilroy Realty Nabs $308M Oyster Point Life Science Development Site
Last week, Kilroy Realty Corp. announced that it has completed the acquisition of a life science development site in South San Francisco. Fully entitled for 2.5 million square feet, the 40-acre site was purchased for $308 million and named “Kilroy Oyster Point.” It will eventually host an 11-building laboratory and office complex, adjacent to the…
JLL Secures $463M Loan for Savanna’s Acquisition of 5 Bryant Park, and Seals the Deal on Behalf of Blackstone
JLL Capital Markets secured a $463 million loan on behalf of Savanna, for the acquisition of New York’s iconic 5 Bryant Park. Savanna, a New York real estate investment management firm, bought the Midtown Manhattan office tower from the Blackstone Group for $640 million. JLL also represented Blackstone in the sale of the tower. The…
How Much Did Home Prices Increase in LA County since the Downturn?
Was buying a home 10 years ago in the City of Angels a good investment? We recently asked the same question about New York City and did a study on that, but this time around, we decided to shift our attention to the West Coast, specifically to L.A. County. Although very different markets, NYC and…
Yogev Shmuel from Douglas Elliman: Technology Will Make Buyers More Independent
For this new expert interview, we talked to Douglas Elliman’s Yogev Shmuel, who focuses on both sales and rentals. The Shmuel team is experienced in working with many property types, including co-ops, condos, new developments, and townhouses. Aware of the fact that buying, selling or renting a home is one of the biggest decisions people…
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