Go Big or Go Home

Posted by:

Despite a shaky political climate and real estate market where office leasing and condo sales have taken a dip, New York developers remain bullish and are moving full steam ahead with tens of millions of square feet of new developments — including tens of thousands of residential units. According to analysis done by The Real Deal, the top 10 most active builders are constructing 26 million square feet of commercial and residential space in Manhattan alone!
Related Companies — the ...

Continue Reading →

More Thrills in Coney Island

Posted by:

More Thrills in Coney Island

The New York City Economic Development Corporation and the city’s Department of Parks and Recreation have issued a request for proposals, or RFP, for the creation and operation of new rides, games and other attractions in Coney Island. Specifically, the RFP includes 150,000 square feet of space on five vacant lots along the boardwalk between West 10th and 16th streets that make up Amusement District. Proposals are due mid-March, and the city is hoping the new amusements open by summer ...

Continue Reading →

Miami Heat

Posted by:

Miami Heat

Russian buyers are well known for their love of real estate and have been active in Miami for quite some time… but now they appear to be more interested than ever before. In fact, searches originating from Russia topped the list of international interest in miamire.com — the official website of the Miami Association of Realtors — in November 2016. This is striking for two reasons: Firstly, this is the first time Russia has led other countries like Brazil, Venezuela, ...

Continue Reading →

Soft Rental Market Continues into 2017

Posted by:

Good news for renters — particularly those in the market for NYC’s luxury apartments. The average rent throughout Manhattan and Brooklyn dipped in January while concessions like free rent and comped building amenity fees reached new highs. According to Douglas Elliman report, the use of concessions hit an all-time high for the fourth consecutive month, with more than 30 percent of leases including a concession now.
In Manhattan, the median rent has been on the decline for six consecutive months, ...

Continue Reading →

Brickell Development

Posted by:

Brickell Development

Developer Simon Karam of The Karam Group, which owns the most land in Brickell and Miami Beach, has recently submitted plans to the city of Miami’s Urban Development Review Board for a 78-story mixed-use retail and residential skyscraper in Brickell. This new development would be on the site of what’s now a Burger King-anchored shopping strip near Brickell City Centre, which opened its 500,000-square-foot shops in November. Karam’s plans call for 392 residential condo units, 66,618 square feet of retail ...

Continue Reading →