Archive for December, 2009
New York Real Estate Highlights: Madonna, Michael Hirtenstein, Natalie Portman and more…
New York real estate is the playground of the stars, and there is plenty going on right now. Here’s a quick look at the recent highlights in the celebrity real estate world, with thanks to Jennifer Gould Keil’s article in the New York Post where the original dish came from.
Manhattan real estate sees its share [...]
Manhattan Real Estate and Swig Equities: When Giants Fall
It sounds like Swig Equities is looking for some hope under the tree this year. It’s hard to watch a successful giant of the New York real estate game fall, but it’s even harder to look away. The well-publicized slide of his real estate ventures saw his Sheffield57 condo go to foreclosure auctions and his offices [...]
Testwell Accused of Faking Concrete Tests for Major New York Real Estate and Landmarks
Last year it was the cranes- this year the concrete!? The stability of structures New York holds as sacred is now in question- not the real estate market, but the stability of the concrete used to build them.
Testwell Laboratories, in a move that smacks of irony, has apparently “adjusted” or outright faked various concrete strength [...]
Virtual Office Web sites: The Future for Manhattan Real Estate Listings?
As with any new technology, there is jostling as the traditional adjusts to new options. In real estate, that adjustment is in how and where listings can be found on the Internet, and the impetus for change comes from a new application of anti-trust laws to emerging Virtual Office Websites (VOW’s). A Virtual Office Website [...]
How To Buy An Apartment in a Down Market
Manhattan’s Bidding Wars
Bidding wars are back. More than half of the properties on the Manhattan market are listed over current market value. Those you don’t want. But the rest are priced to sell. As a result, all of the serious buyers focus their bidding on the same properties- and those properties end up going for [...]
Mahattan Real Estate: Stabilizing Rents and Buyers’ Neighborhoods
In the Manhattan real estate scene, some neighborhoods are having far more success than others in selling this season. If you are contemplating buying, that can mean deals. What’s more, rental prices around Manhattan changed very little from October to November, which means the rental market is stabilizing, even if momentarily.
What Stabilizing Rents Mean
If rents [...]
First Time Home Buyers Tax Credit in NYC
On November 9th President Barack Obama extended and expanded the first-time homebuyer tax credit . The extension is part of a $24 billion economic stimulus bill that will extend the $8,000 tax credit for homebuyers who are purchasing their first home from the current November 30 deadline to April 30th 2010. It also expands the [...]