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…
Supply Struggle for the US Housing Market in Q2
Key Takeaways: Nationwide, the median sale price for existing single-family homes grew 6.2 percent year-over-year Q2 recorded a 7.1 percent drop year-over-year in homes available for sale in the US Four out of the five most expensive markets are in California, and require a salary of over $100,000 for a mortgage Single-family home prices keep on climbing…
When Will Harlem’s Townhouse Market Catch Up with Manhattan Prices?
The average sale price/sqft of townhouses in Harlem climbed 171% since 2009 Downtown Manhattan has the highest average sale price per square foot Harlem records a 15% average yearly growth rate – if current pace continues, it could catch up with Manhattan’s average by 2028 Harlem is clearly undergoing some quite dramatic changes and the…
Market Report – LA, OC Office Sales Gain Traction in Q2
Los Angeles Q2 Office Sales Reach $2B—Again The California office market had a strong second quarter. Data compiled by our sister company CommercialCafé showed that office sales volume for the Los Angeles and Orange County markets was the best Q2 volume in the past five years. The Los Angeles office market closed the second quarter…
The Most Expensive Zip Codes in Pennsylvania – Philadelphia Main Line in the Lead
Quick facts: Villanova’s 19085 is Pennsylvania’s #1 most expensive zip code Philadelphia and the Philadelphia Main Line are home to Pennsylvania’s top 10 most expensive zip codes Philadelphia boasts the highest number of expensive zip codes – 5 – of any Pennsylvanian city All of Pennsylvania’s top 50 most expensive zip codes feature median sale…
Residential Sales Reach 2-Year High in The Hamptons
The second quarter of 2017 saw residential sales in the Hamptons reach a new high, and more so in the upper-end segment. According to a Q2 report from Douglas Elliman, and The Real Deal, residential sales in the Hamptons are starting to get back on track after a less than fruitful 2016, but prices are…
Land Use Committee Greenlights Midtown East Rezoning
Manhattan Skyline Gearing Up for a Major Makeover The iconic skyline of Midtown East is gearing up for a major makeover. Landmarks such as the Chrysler Building are at risk of being overshadowed by megatowers – and according to Justin Davidson, architecture critic for New York Magazine, the danger is now more real than ever….
Top 50 Most Expensive Neighborhoods in LA County
Key Takeaways: L.A. County’s most expensive place to call home is Malibu Colony Beach Beverly Hills’ exclusive Trousdale Estates lands the second spot 6 neighborhoods in the top 50 boast median sale prices above the $5M mark There seems to be no shortage of news related to California’s high housing prices and tight real estate…
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