September 2017 - Rava Realty

The luxury real estate game: winners and losers

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The luxury real estate game: winners and losers

Which business moguls and celebs made out big in the last decade and who stomached the worst losses?

  • Woody Johnson –  accepted a $77.5 million offer for his Upper East Side apartment in October 2014, he hit on a euphoric moment in the New York City real estate market.
  • Johnson & Johnson – their  apartment at 834 Fifth Avenue was one of three sales that broke the co-op price record that year.
  • Leonardo DiCaprio, comedian Mike Myers and art dealer Guy Wildenstein were ...
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NYC: Construction slows down in the first half of 2017

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Looks like there are fewer cranes on the skyline these days. That’s because there are fewer construction projects rising as The Real Deal reports.

Dodge Data & Analytic’s also reported that construction on commercial and multifamily buildings fell 27% year-over-year to $7.2 billion in the first half of 2017. That’s a 63% drop from the $19.3 billion worth of starts in the first six months of 2015.

Pricing isn’t way down, but the number of units trading is down. Several developers are ...

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