Robert Demeter
Robert is a copywriter at CommercialCafe and brings 3+ years of experience in commercial real estate. He previously worked as a copywriter at PropertyShark, as a senior associate editor at Commercial Property Executive and Multi-Housing News, and also wrote monthly market reports at Yardi Matrix.
Office Sales in Manhattan Drop 12% Y-o-Y in Q4 2019
Manhattan office sales dropped 12% year-over-year (Y-o-Y), with total volume dipping under $2.8 billion. Quarter-over-quarter, Manhattan sales decreased by more than $1 billion, despite gaining traction in Q3. Highlights: Year-over-year, the average price per square foot increased to $875. About 3.3 million square feet of office space was traded in Q4 2019, down 17% compared…
JLL Sells Bruckner Building in the Bronx for $65 Million
ZG Capital Partners acquired the commercial loft building in the Bronx for $65 million from a partnership between Savanna and Hornig Capital Partners. The 188,000-square-foot waterfront building is located at 2417 Third Avenue in Mott Haven. JLL represented the seller. The eight-story Bruckner Building was built in 1928. It underwent a comprehensive renovation in 2016,…
5 Best Coworking Spaces in Santa Monica
Apart from its golden, sandy beaches and incredible sunsets, Santa Monica is also an established hub for entrepreneurs and freelancers seeking shared workspaces. Of course, you can spend your workday on the oceanfront, but sometimes you’ll be needing certain amenities that only a coworking space can offer. We put together a list of the top…
5 Best Coworking Spaces in TriBeCa
At a time when coworking spaces are at their peak, it can be challenging to pick the right shared office that is in line with your personal needs and professional aspirations. And, because the global growth of coworking is even more prevalent in larger cities, it can be quite overwhelming to search through the myriad…
10 Best Coworking Spaces in Queens
New York has been seized by the popularity of coworking hubs, with a new office opening its doors every 7 days. With such a massive supply of shared office spaces, it’s easy to become overwhelmed by the abundance of options. So far, Manhattan has attracted the most coworking offices—leading the pack of the five boroughs…
Manhattan Foreclosures Increase 118% Y-o-Y – Q3 2019 Report
Key takeaways: Manhattan cases up a staggering 118% year-over-year Staten Island unique cases skyrocket 183% The Bronx sees the steepest drop in foreclosure activity, a 51% drop Y-o-Y In Queens, foreclosure cases dipped 10% Lis pendens increased 4% Y-o-Y, and dropped 22% Q-o-Q Despite major foreclosure activity increases in two boroughs, first-time foreclosures in New…
Check Out Some of the Best Coworking Spaces in Manhattan
Coworking is taking over NYC with an annual growth rate of 20% and a new space opening up every 7.5 days. New York is also the second most expensive city for a coworking membership, with an average monthly rate of $753. In Manhattan, coworking is a popular option for workers looking for a spot to…
Check Out 10 of the Best Coworking Spaces in LA
Coworking has come to Hollywood in style with a range of spaces available in Los Angeles. The city has 3.7 million square feet of coworking space in 158 locations. While the city’s entertainment industry makes it an epicenter for freelancers and creatives, it can be difficult to navigate Los Angeles’ sprawling metropolis. However, several coworking…
PropertyShark Interview with Luciane Serifovic & Vince Soriero
PropertyShark’s Business Development Manager Vince Soriero recently had the opportunity to sit down with Luciane Serifovic, luxury real estate powerbroker, CEO and founder of Luxian International Realty. They discussed how brokers and agents can save time and make their job easier by using PropertyShark’s comprehensive data. In their talk, Vince detailed PropertyShark’s tools and exciting…
NYC Foreclosures Drop 4% Y-o-Y, Pre-Foreclosures See a 13% Uptick – Q2 2019 Report
Key takeaways: NYC foreclosures decrease 4% year-over-year The Bronx sees the steepest drop in foreclosure activity, a 24% drop Y-o-Y Foreclosures only increased in Brooklyn (7%) and Staten Island (9%) In Queens, foreclosure cases dipped 9% year-over-year Lis pendens increased 13% Y-o-Y, and 31% Q-o-Q First-time foreclosures in New York City decreased 4% year-over-year, with a…
Theatre District Median Home Prices Go Up 63% in Q1 2019, Queens’ Ditmars Surges 115%
Key takeaways: TriBeCa, SoHo remain #1 and #2 most expensive NYC neighborhoods in Q1 2019 Garment District prices increase 49%, landing the neighborhood in the 3d spot Theatre District median reaches $1.7 million with 54 transactions The East & West Village prices declined 35% and 56%, respectively Queens’ Ditmars – Steinway median prices go up…
Brooklyn Foreclosures Drop 22% in Q1 2019, Bronx Foreclosures Up 28%
Key takeaways: NYC first-time foreclosure cases decreased 5% in Q1 2019 In Q1 2019, Queens had the highest number of unique cases: 315 foreclosures The Bronx had the largest increase in foreclosure activity, with a 28% surge With a 22% drop, Brooklyn foreclosures decreased the most among the five boroughs NYC lis pendens decreased 13%…
Most Expensive Street in the Hamptons Posted a $15M Median Home Sale Price in 2018
Even though the number of home sales in the Hamptons has slowed, there was no shortage of houses trading for over-the-top prices in 2018. As the median home sale price in the Hamptons dropped below $1 million last year, two streets actually saw median sale prices pass the $10 million mark. Truth be told, buying…
Median Home Prices Along the Bronx’s Grand Concourse Increased 68% in the Last 5 Years
Once dubbed the “Park Avenue of the Middle Class”, the Bronx’s Grand Concourse has become something of a phenomenon ever since the thoroughfare opened in 1909. Fast-forward 110 years, and the desire to live here has become greater than ever. The elevated housing demand in the neighborhoods around the boulevard pushed the median home sale…
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…
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…
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…
Which Are the Most Expensive Neighborhoods of San Francisco in 2018?
Key takeaways: At #1, Presidio Heights prices grew 24.5% Y-o-Y to $4.5 million Sea Cliff landed at #2 with a median home sale price of $3.88 million Lone Mountain saw the biggest surge in prices: 57.4% increase Y-o-Y With a $1.2 million median, the Financial District didn’t make the top 50 shortlist Clarendon Heights (-14%)…
Which are the Most Expensive NYC Neighborhoods of 2018?
Key takeaways: TriBeCa remains the priciest neighborhood, with a median sale price of $3.85M With 41 sales and a 41% increase Y-o-Y, the Garment District lands on the third place The Flatiron District (-32%) and Little Italy (-42%) both see major decreases Financial District prices plummet 34%, and median prices go below $1M Roosevelt Island…