Home Prices in LA County Are 69% Higher Than 5 Years Ago
Key Takeaways: Home prices have increased for 5 consecutive years at an average annual rate of 11% Real estate in the county is now 66% more expensive than 5 years ago Price per square foot reached $389 — 69% higher than 5 years ago Manhattan Beach has the most expensive median price per square foot…
20 Years of Ups and Downs – US Office Sales Before and After the Crisis
Over the past 20 years, the U.S. economy has been through a boom, a bust, and a hike. Each of these turning points altered the financial landscape and, consequently, the real estate industry. Undoubtedly, the protagonist in the story of the financial crisis has been the residential market–scarred by the demise of some major lenders…
Boston’s Top 5 Fastest-Rising Neighborhoods in 2017
The Boston housing market has been on a fast track in the past year and, according to Forbes, it’ll continue to thrive as the city further develops into an international hub. In a quest to better understand how the market has evolved over the past few years, we started digging deeper to see to what extent…
Vancouver Real Estate More Unaffordable Than Manhattan, Study Finds
According to an analysis recently released by our sister website Point2 Homes, Vancouver is the most unaffordable market in North America, even more so than Manhattan. The study measured affordability in the 50 most populous cities in Canada, the United States and Mexico by dividing the median home sale price by the yearly median household…
California’s New Renting Trends Are Set to Change the Multifamily Industry’s Focus
Renting trends have taken a new turn during the last decade with more and more people shifting from owning a home to renting one. This is happening due to the constant rise in house prices, tight credit rules or possibly simply out of sheer convenience. And it’s not just the number of renters that has…
The Most Expensive Zip Codes in Colorado – Mountain Resorts in the Lead
Quick facts: Aspen’s 81611 is the #1 most expensive zip code in Colorado Boulder’s 80302 and 80304 tied for the second spot Denver and Douglas County have the highest number of pricey zips – 11 Ranked as one of the best performing housing markets in the country by Freddie Mac close to a year ago,…
Here’s Where Home Prices Increased the Most in Silicon Valley
Key findings Prices in Menlo Park, Mountain View doubled since 2007; Palo Alto median price surged 131% Median home sale prices added more than $1 million over the past decade in seven towns Atherton is Silicon Valley’s most expensive town – the median sale price here increased 45% since 2007 and hit $5.1 million Los…
Brooklyn Residents, Developers Brace for L-Train Shutdown
The news of the L-train shutdown caused strong reactions among Brooklyn residents, but not only them. Brokers, developers, landlords and business owners alike are worried about what the shutdown will mean for their businesses. So far, it looks like everyone needs to stay on top of the situation if they want to get through those…
C.A.R Forecast: Housing Market Will Keep Going Strong in 2018
California’s economy is expected to grow and bring forward a strong housing demand in 2018, according to the California Association of Realtors. The housing market will keep growing, albeit at a slower pace, the slowdown being attributed to the supply challenges that will carry on in the next year, as per the report. Median home…
SkyView Parc is the #1 Best-Selling Building in NYC for Q3 2017
In our recent ranking of the priciest neighborhoods in New York City in Q3 2017, Manhattan had a total of 24 neighborhoods in the top 50, of which 8 were also in the top 10. At the same time, Brooklyn performed admirably, with 21 of the 50 spots on our list, and claiming the remaining two…
Flatiron Ranks #1 among the Priciest Neighborhoods in NYC
Key Takeaways: The Flatiron District is the most expensive neighborhood in NYC in Q3 TriBeCa occupies the second spot, with sales activity dropping considerably The exclusive Central Park South rounds out the top 3, with a median sale price of $3.4M Red Hook is Brooklyn’s most expensive neighborhood in Q3, overthrowing DUMBO In its most recent…
New Foreclosures in NYC Up a Striking 79% in Q3 2017
Key highlights – Q3 2017 NYC Foreclosure Report NYC foreclosures up 79% year-over-year and down 6% compared to Q2 2017 All 5 boroughs saw new cases going up year-over-year New foreclosure cases in the Bronx increased a staggering 145% year-over-year After a peak in new cases in Q2 2017, new foreclosures in Brooklyn were down…
The Most Expensive Zip Codes in Washington State – Medina Homes 8x Pricier than U.S. Median
Quick facts: Medina’s 98039 is Washington state’s #1 most expensive zip code King County dominates with 46 out of the state’s top 50 most expensive zips Boomtown Seattle boasts 21 of the priciest zips in Washington state Home prices in the top 50 King County zips & top 10 Pierce County zips stay well above…
Greystone Secures $21M Refi for Brooklyn Multifamily Portfolio
Greystone recently provided $21 million in refinancing for an eight-property multifamily portfolio in Brooklyn. Anthony Cristi of Greystone’s New York office is the one who originated the Freddie Mac loan for the refinanced properties. According to portfolio owner Steve Lubin, Greystone was the preferred choice when it came to the refinancing process and getting all…
The Most Expensive Zip Codes in San Francisco
Key Takeaways: 94105 is the priciest zip code in San Francisco The Financial District (94104) ranks 4th, with a 40% increase y-o-y Two zip codes—94129 and 94130—didn’t make the list due to lack of home sales Nothing soothes our end-of-summer blues like a new zip code ranking in sunny California. This time we’ve zoomed in on…
Office Vacancy Rates on the Rise in New Jersey’s Transit Hub Markets
Based on an annual report from JLL, The Wall Street Journal reports that vacancy rates in New Jersey’s transit hub markets spiked at the end of 2016. However, though vacancy rates went up in these hubs, they still fared better than markets lacking easy access to public transportation. Transit hub markets are defined by JLL as properties…
NYC Takes 15 Spots in the Top 20 Tax Exempt Properties in the US
A recent nationwide study carried out by CommercialCafé, and based on PropertyShark data, revealed the top 20 tax-exempt properties in the U.S. NYC stole the show, with a total of 15 tax-exempt properties featured in the top 20. Given the fact that many historic buildings located in Manhattan are tax exempt, we weren’t really surprised when…
PropertyShark’s 10th Annual Client Appreciation Party Is Coming Up Soon
Join us in celebrating an amazing milestone: we’re organizing our 10th annual client appreciation party on September 26th. We’ve come a long way since our early years and as this couldn’t have been possible without you, we’d be happy to see you at the Copacabana Times Square for an evening of fun, relaxation, and networking….
From Industrial to Office Space – The Brooklyn Navy Yard Revival
A new era for the Brooklyn Navy Yard A new project is underway at the Brooklyn Navy Yard. The Rudin family, one of New York’s oldest real estate dynasties, has teamed up with Boston Properties Inc. to develop a new 675,000-square-foot office building on Brooklyn’s waterfront. Designed by S9 Architecture, the new office development dubbed…
Blackstone, Starwood Join Forces to Become America’s Biggest Landlord
Key Takeaways: Together, Blackstone Group’s Invitation Homes and Starwood Waypoint Homes will manage around 82,000 single-family homes across 17 metros The new company will retain the Invitation Homes name The majority of shares in the company (59%) will be owned by Blackstone Blackstone Group’s Invitation Homes and Starwood Waypoint Homes, two of the largest rental-home…
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