Developers and investors are pouring an increasing amount of capital into commercial and residential real estate projects in the Bronx, looking beyond the portions of Brooklyn and Queens where prices have skyrocketed, to gamble on what some are saying is the next outer borough hot spot.
With easy commutes to Manhattan, lower prices than other boroughs, and development sites ripe for the picking, sources said “frontier” neighborhoods like Mott Haven, Hunts Point and Port Morris are generating new interest at …
by Riccardo Ravasini New census estimates reveal that the population of New York City reached 8,491,079 in 2014, a figure that it is only about 60,000 short of previous estimates for the 2020 population. The estimates show that the population increased 52,700 between 2013 and 2014. If the population surge keeps up at its current pace, it will reach the 2020 estimate by early 2016.
But permits for new housing indicate that an influx of more than 52,700 people this year would not …
by Riccardo Ravasini Two prominent developers have recently relaxed their requirements for 50 percent deposits from prospective buyers. Swire Properties announced it was lowering down payments for a condo at one of its Brickell City Centre residential towers, Rise, to 35 percent, while Kevin Maloney’s Property Markets Group is offering some foreign buyers deals that allow them to pay 50 percent deposits in installments prior to closing for units at Echo Brickell, Echo Aventura, Muse in Sunny Isles Beach, and Sage Beach in …
by Riccardo Ravasini Putting the hyper-luxury buzz to the side, the dependable segment of the Manhattan market is between $1.5 million and $3.5 million.
The segment accounted for a full 20 percent of the entire Manhattan market — or roughly 6,285 sales — between January 2013 and January 2015, according to an analysis by The Real Deal magazine of data from the listings website StreetEasy.
Just 1 percent of all Manhattan condo and co-op sales tracked by StreetEasy during that time pulled in …
by Riccardo Ravasini 
The Virgin Hotel New York that will soon be built at the corner of 30th Street and Broadway will change forever the stretch of Broadway that runs from Madison Square Park to Greeley Square. If the renderings are to be trusted, it will be a magnificent piece of work, says James Gardner of The Real Deal magazine.
But two things can go wrong in a building like this. First, it can be so poorly made that, even if technically it …
by Riccardo Ravasini One of the last remaining empty tracts of land near Biscayne Bay in South Florida will be auctioned off at a starting price of $19.9 million on March 31. The 8.16-acre property with an address of 11295 Biscayne Boulevard was once the site of the private Lear School and is now zoned for mixed-use development.
Interested bidders will have to put down a deposit of $2 million just to have a chance, and the winning buyer must pay the final …
by Riccardo Ravasini