Chinese Buyers continue to dominate market. No EB-5 slowdown: Victor Jung China minting 100K new millionaires each year: Knight Frank March 02, 2017 03:10PM – TheRealDeal.com By E.B. Solomont and Hiten Samtani Wealth Report 2017 (Credit: Knight Frank, click to enlarge) The number of ultra-high net worth individuals — those with assets of $30 million or […]
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 […]
2015 Year End Summary of NYC’s Residential Real Estate Market by Victor Jung
“Price is what you pay. Value is what you get.” Warren Buffet’s wise words handily sum up a dominant theme in New York’s residential market these days — which is to say, despite all the talk of glitzy new condos and penthouses with astronomical prices, developers, buyers and brokers are increasingly chasing value. The phenomenon […]
Greenwich, Conn. sees influx of Chinese buyers
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 […]
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 […]