Victor Jung

CEO, V Global Holdings

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Here’s what $1M worth of prime real estate looks like in the world’s top cities: Knight Frank

March 4, 2016 by Victor Jung

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 […]

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Filed Under: Capital Markets, Economy, Financial, Real Estate, Victor Jung Tagged With: Real Estate, The Real Deal, Victor Jung

Take a look inside this UES townhouse asking $85M: VIDEO

March 4, 2016 by Victor Jung

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 […]

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Filed Under: Victor Jung Tagged With: Keith Rubenstein, Luxury Listings, Michael Shah, New Developments, Real Estate, The Real Deal, Victor Jung

Stream of Foreign Wealth Flows to Elite New York Real Estate – Victor Jung

January 16, 2016 by 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, […]

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Filed Under: Victor Jung Tagged With: Delshah, Michael Shah, New Developments, Real Estate, The Real Deal, Victor Jung

SVHO and Bizzi Partners at 125 Greenwich Street to house 275 Units – Victor Jung

January 16, 2016 by 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 […]

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Filed Under: Capital Markets, Delshah, Economy, Financial, Michael Shah, Real Estate, Victor Jung Tagged With: Michael Shah, Real Estate, The Real Deal, Victor Jung

Bluelight Special: Price cuts, broker incentives increase – Victor Jung

January 16, 2016 by 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 […]

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Filed Under: Capital Markets, Economy, Financial, Real Estate, Victor Jung Tagged With: Delshah, Michael Shah, Real Estate, The Real Deal, Victor Jung

Clocktower penthouse still on market for $18M – Update Victor Jung

January 3, 2016 by Victor Jung

The massive triplex is still for sale after first being put on the market for $25 million in 2010 From left: the Clocktower Building at 1 Main Street in Brooklyn and Anne Hathaway One of the city’s priciest — and most luxurious — apartments has been languishing on the market. Following various price drops and broker swaps, […]

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Filed Under: Capital Markets, Financial, Real Estate, Uncategorized, Victor Jung Tagged With: Anne Hathaway, Clocktower Building, Corcoran, DUMBO, The Real Deal

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Two Sigma's real estate unit appears to be crumbling (square)

Two Sigma’s real estate unit appears to be crumbling

A quantitative hedge fund opened its real estate unit to outside investors, aimed for $2 billion, and could not reach $1 billion. Now it has stopped … [Read More...]

Federal agents raid Bert I. Dweck's in-laws' home: sources (square)

Federal agents raid Bert I. Dweck’s in-laws’ home: sources

Federal agents reportedly searched a Brooklyn home linked to a dealmaker facing a stack of civil lawsuits, and the allegations at the center of those … [Read More...]

Eliot Spitzer’s Williamsburg tenants lodge 421a class action over rent hikes (square)

Eliot Spitzer’s Williamsburg tenants lodge 421a class action over rent hikes

A class-action lawsuit at an 857-unit Brooklyn luxury rental is the second 421a class action TRD has tied together in about two months. The legal … [Read More...]

City 485x data dump shows 99-unit project trend is unrelenting (square)

City 485x data dump shows 99-unit project trend is unrelenting

The city just released six more months of 485x data, and the punchline is the same as last time. New York's developers are still building to 99 units … [Read More...]

City grants building owners one-shot amnesty for certain violations (square)

City grants building owners one-shot amnesty for certain violations

New York City just opened a violation amnesty program with a hard stop. If you own or operate buildings with old fines on the books, the next 90 days … [Read More...]

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