Paul Massey, currently the president of New York investment sales at Cushman & Wakefield, is making his bid for mayor official. Recently, he created a committee to raise funds and has brought on David Amsterdam, vice president of leasing at SL Green Realty, to spearhead his mayoral campaign. Amsterdam, who has worked for SL Green since 2011, is leaving the firm to dedicate his time to team Massey.
Massey, 56, co-founded Massey Knakal Real Estate Services in 1988. It grew …
by Riccardo Ravasini 
Even before Britain shocked the global markets and voted to break off from the European Union, international buyers were looking to move investments to New York and away from London. Amid the uncertainty caused by “Brexit”, London’s housing market is expected to take a hit — though it’s unclear how severe the blow will be and how long it will last is — and its status as a global gateway city could be in jeopardy. Some experts are predicting London …
by Riccardo Ravasini 
In an era of soaring glass skyscrapers, some developers are using a vintage look to differentiate their buildings and close deals in a tightening market. New York City developers are increasingly turning to terra cotta and other natural materials to court buyers seeking authenticity, artisanship and old-world charm, despite costs that often approach $100 more per square foot than modern glass. For instance, the 14-unit Fitzroy in Chelsea, developed by JDS Development Group, has a terra cotta façade and copper-framed …
by Riccardo Ravasini 
Thousands of businesses across the country are already leveraging the new gaming app, “Pokémon Go,” to promote their locations as hubs where game players, who number in the millions nationwide, can catch Pokemon — all in hopes to lure potential customers in through their doors. This thinking has also attracted the attention of real estate brokerages where they could use Pokemon Go to draw people to open houses and leasing offices.
In fact, some realtors are including a property’s proximity …
by Riccardo Ravasini 
According to the newly released Elliman reports, the Miami market is transitioning from this hyperbolic period that was unsustainable to a market with a more moderate pace.
For the mainland, sales dropped by 12.5% year-over-year, from 5,016 homes and condos sold last year to 4,390 in this year’s second quarter. Miami Beach fared much worse with sales declining 24.7%, from 1,186 deals during 2015’s second quarter to 893 this year.
One major reason behind the ongoing sales slowdown is oversupply: …
by Riccardo Ravasini 
The sheer numbers make millennials — those born between 1981 and 1997 — all but impossible to ignore, explains a report from The Real Deal.
Currently 75.4 million strong, millennials surpassed the Baby Boomer generation last year, according to the Pew Research Center. One in five New Yorkers is a millennial, according to data from the U.S. Census Bureau. And their ranks are growing, thanks to an influx of millennial immigrants to the United States.
Their collective spending power is …
by Riccardo Ravasini