549 North Street in Greenwich, Conn. listed for $9.5 million. The home is an example of a home that brokers hope will appeal to Asian buyers. It’s not just Manhattan and waterfront Brooklyn that are attracting China’s real estate-crazed nouveau riche. Greenwich, Conn. is currently seeing an influx of Chinese buyers, spurring local brokerages to […]
McDonald’s Profit Edges Lower
Excerpt from Wall Street Journal The burger giant has been struggling to maintain relevance among younger consumers and fill orders quickly in kitchens that have grown overwhelmed with menu items. AP McDonald’s Corp. MCD +0.11% said its profit for the first three months of the year dropped 5.2% as the fast-food giant worked to revive […]
The Education of the Luxury Buyer
Excerpt from Wall Street Journal Seasoned buyers and first-time buyers agree both cited views and chef kitchens as the most important luxury-home features, according to a survey. Getty Images Follow the habits of today’s high-end real estate market. The first thing that comes to mind is the education of the luxury buyer. Seasoned home buyers—people who […]
Tax Refunds May Fuel Windfall for Retailers
Accountants weren’t the only ones cheering this year’s record number of tax returns. This past Tuesday’s dreaded tax deadline actually marked a pleasant occasion for most filers. Of the 100 million or so returns processed through April 4, nearly 80% resulted in a refund averaging $2,792. The total sum paid out was about $5 billion, […]
Rochelles Bar Soft Opened Last Night with Haute Snacks and Whiskey Classics
Excerpt from Village Voice: By Hannah Palmer Egan Fri., Nov. 15 2013 In recent memory, the NYC bar scene has witnessed few belly-flops as full-on and frontal as Matt Levine’s idiotic Cocktail Bodega (an alcoholic smoothie bar), which shuttered in April after just seven months in business. Afterward, Levine filed a $20 million lawsuit against his former […]
Investors Flocking to Student Housing
Excerpt By Jessica Fiur, News Editor, MHN Online New York—In downtown Brooklyn, a former seven-story multifamily building is being converted to a 44-unit student housing community. The property, 902-908 Bedford Avenue, houses undergraduates and graduate students and their families, most of whom attend the Pratt Institute and Long Island University. DelShah Capital LLC, a real […]
Sunrise Terrace Condos $9.35MM sellout lead by Victor Jung and Distinct New York
Relaunch of Flushing Condominium Excerpt from The Real Deal By David Jones, The Real Deal DelShah Capital, led by investor Michael Shah, has officially re-launched the Sunrise Terrace Condominiums in Flushing, Queens, after acquiring the unsold shares at the stalled complex at a foreclosure auction in July. Victor Jung from Distinct New York was enrolled […]
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