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Apparently, if you’re interested in buying a house in the boroughs of Brooklyn or Queens, you better not dawdle, or you could be out of luck soon. An increasing pace at the rate of which houses are being sold has been noted for both boroughs.
According to a quarterly report released by the largest real estate brokerage firm in New York City, Douglas Elliman, in Brooklyn alone, the “absorption rate” or speed at which houses were being sold was the quickest in at least eight years. The average sales price in Brooklyn rose to $659,000, an 8.9 percent increase and the 15th consecutive increase by sales quarter. The number of sales also jumped 8.8 percent compared to the second quarter of last year. However, the number of houses available to buy
The English referendum known as “Brexit,” which begins a process which will eventually separate England from the European Union, could mean an increase in business for New York real estate. It’s hoped that, with the economic turmoil being created by Brexit in England, investors will eventually turn to New York City as a safe haven to invest money.
Gary Barnett is an avid New York City residential developer. He is currently erecting what is expected to be the tallest tower in the Western
A new arrangement in extravagant apartments is causing developers to make changes in their marketing team.
In the beginning of what insiders say is likely to be a string of broker swaps at well know developments, Corcoran Sunshine will swap with its opponent Douglas Elliman at 100 Barclay, Magnum Real Estate Group’s tremendous condominium conversion of the Verizon Building Downtown.
The $915 million project had driven $6.2 billion in total new development listings marketed by Elliman.
In recent years, Macy’s has been on a down turn along with other department stores, like Dillard’s and Kohl’s. Macy’s financial performance has been the worst with earnings per share dropping double-digits since the start of 2015. In that time span, Macy’s revenue has declined by over 5 percent.
Business Insider reported: “Due to this rapid reversal in EPS, shares of all three companies have plummeted by 40 percent to 50 percent since the beginning of 2015. However, in the case of Macy’s
Extell bonds in Tel Aviv have traded at "alarming" rates on fears of luxury market slowdown: report
In today’s global economy, uncertainty in New York City can ripple all the way over to Tel Aviv. Gary Barnett has found this out firsthand — with Israeli press reports noting the Extell Development head ventured to Israel to reassure investors over rising yields on his company’s publicly traded bonds on the Tel Aviv Stock Exchange.
Barnett met with Israeli institutional investors last week, according