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 […]
Take a look inside this UES townhouse asking $85M: VIDEO
Developer Keith Rubenstein’s lavish home has Hermès leather walls and more March 04, 2016 05:15PM By Alistair Gardiner Is any home worth $85 million? That’s debatable, but this townhouse at 8 East 62nd Street, which is listed for that amount, certainly features every lavish detail you can possibly imagine (Hermès leather walls anyone?) –plus a whole lot more. Watch our […]
Stream of Foreign Wealth Flows to Elite New York Real Estate – Victor Jung
On the 74th floor of the Time Warner Center, Condominium 74B was purchased in 2010 for $15.65 million by a secretive entity called 25CC ST74B L.L.C. It traces to the family of Vitaly Malkin, a former Russian senator and banker who was barred from entering Canada because of suspected connections to organized crime. Last fall, […]
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 […]
Delshah Raises over $102MM from two bond issuances in Tel Aviv
NEW YORK, Jan. 13, 2016 /PRNewswire-iReach/ — Delshah Capital Limited, a full-service commercial real estate investment and property management company, today announced the successful public tender of over $102 million of corporate bonds (400 mm NiS), which will be traded on the Tel-Aviv Stock Exchange. The offering was oversubscribed by more than 50% and included […]
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 […]