Unlocking Rural Investment Potential — With a Spotlight on Upstate New York Rural America is quietly entering a new investment era. While major cities continue to attract capital, talent, and attention, something different is happening beyond the skyline. In small towns, scenic landscapes, and overlooked communities, a powerful combination of tax incentives, changing travel behavior, […]
Micro-Resorts: Big Experiences in Small Packages
Why are Micro-Resorts redefining travel? Imagine a place that feels like a private getaway with all the charm of a luxury resort — but instead of hundreds of rooms, it offers a handful: a cozy cluster of tiny cabins, each with its own personality and purpose. This is the magic of the micro-resort. Far from […]
Investors from Germany, Korea & Japan could fill Chinese void – Victor Jung
Negative interest rates will drive purchases March 07, 2017 04:30PM By Rich Bockmann TheRealDeal.Com Bill Shanahan China supplanted Canada for the first time last year as the most active foreign investor in U.S. real estate. But so far this year, some Chinese institutional investors such as insurance companies have been silent, and the yuan’s appreciation against the […]
London no longer calling: home prices fall post-Brexit – Victor Jung
Political uncertainty, new tax cool demand March 02, 2017 10:30AM – THE REALDEAL.com Homes in the Royal Borough of Kensington and Chelsea London home prices are falling in the wake of Britain’s vote to leave the European Union and a new tax on property sales. The share of sellers who slashed asking priced rose in […]
EB-5 will thrive under Trump, experts say – Victor Jung
From left: Nicholas Mastroianni, Scott Alper, Connor Chen, Charles Gargano, Former New York Gov. George Pataki, Phoebe Yuan, Jianlen and Hiten Samtani The legislative fate of EB-5 may still be up in the air, but champions of the controversial visa program are not worried — they say they have a powerful friend on their side. […]
Cuomo approves $300M for NYC affordable housing projects – Victor Jung
Gov. Andrew Cuomo signed off on granting the city another $300 million in bonding authority on Friday, providing a considerable bump in funds needed to construct affordable housing. With this latest allowance, the state has granted the city $771 million in tax exempt bond capacity this year — an amount Cuomo’s office touted as the highest […]
Here’s what $1M worth of prime real estate looks like in the world’s top cities: Knight Frank
In Hong Kong, it buys you a guest bath, but in New York … March 03, 2016 12:32PM By Hiten Samtani What does $1M get you in prime real estate across the globe? (Click to see full-size image) What does $1 million get you in luxury real estate? New Yorkers know that the answer, at […]
SVHO and Bizzi Partners at 125 Greenwich Street to house 275 Units – Victor Jung
Michael Shvo and a rendering of 125 Greenwich Street (Credit: ArX Solutions) Michael Shvo, Howard Lorber’s New Valley and Bizzi & Partners’ soaring condominium at 125 Greenwich Street will house 275 units – nearly 150 more than early renderings for the Financial District tower indicated. The Rafael Vinoly-designed tower will rise 91 stories with 275 […]
Bluelight Special: Price cuts, broker incentives increase – Victor Jung
20% of Manhattan listings saw prices slashed between Sept.-Dec. 2015 January 15, 2016 03:05PM – The Real Deal excerpt From left: 110 Central Park South, 252 East 57th Street and 15 West 20th Street Forget bidding wars and packed open houses. These days, bargain hunters have the upper hand as overpriced Manhattan properties experience rampant […]
In 2015, Shattering Records in New York City Real Estate – Update Victor Jung
In 2015, Shattering Records in New York City Real Estate By VIVIAN MARINO DEC. 24, 2015 From New York Times In the realm of New York City real estate, what goes up just keeps going up, and up. This past year prices again punctured records, with the official closing of a $100.47 million penthouse at […]