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Most year-end market reports loosely align, showing growth and contraction
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By Orlando Lee Rodriguez As is tradition during the month of January, a slew of real estate organizations released their year-end reports and New Year forecasts.
Residential
NEW DEVELOPMENT: Siza building unveiled; Bank makes change to condo
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● Sumaida + KHURANA, LENY West Side tower design unveiled At 86 years old, Pritzker Prize-winning Portuguese master architect Alvaro Siza thought he would
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Commission cuts on the table as new law makes it legal to rebate
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In many ways, New York’s residential real estate scene is ideal for a millennial generation intrigued by the prospect of entrepreneurship and social status.
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Rents rise in Manhattan, Brooklyn, fall in Queens
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As home sales remain rocky, owners of rental properties are continuing to cash in on all the buyers who are waiting out the market. This is being seen
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Douglas Elliman launches sports and entertainment division
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Douglas Elliman Real Estate has launched a Sports & Entertainment division. The new nationwide entity will provide brokerage services for clients within
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Rental market offers up more concessions for Christmas
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The rental market continues to hand down an unprecedented number of concessions, according to a monthly report from Douglas Elliman. In an effort to keep
Residential
DONE DEALS: New Westhampton price record
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A beachfront property with its own infinity pool just sold for $6.425 million, the highest Bayfront sale on Dune Road since 2009. The 6,000 s/f home at
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Done Deals: This Week’s Residential Sales
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JODI STASSE Above it All in Asbury Park: Corcoran Sunshine’s Jodi Stasse, who’s been representing iStar’s New Jersey development Asbury Ocean Club Surfside
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Is Brooklyn’s bubble bursting?
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Prices have fallen across all unit types except for co-ops. The housing reports are in, and the challenging market in Brooklyn has continued along a trend
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Scott Durkin named COO, president at Douglas Elliman
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Douglas Elliman, the fourth largest residential real estate brokerage company in the United States, has promoted its chief operating officer, Scott Durkin
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DONE DEALS: This week’s residential sales
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JUSTINE MILLS When Justine Mills of Corcoran got the listing for 436a Marion Street, a two-family townhouse in Bed-Stuy, it had already been on the market
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NEW DEVELOPMENT: Sales launch at Madison House
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● JD Carlisle Development, Fosun International NoMad condo launches sales JD Carlisle Development and Fosun International Limited have launched sales at