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Elements of success in mixed use developments

Like the residential real estate market in New York City, the commercial real estate industry has shown signs of optimism going into 2017. It may be seen both in the purchase of old facilities to make new ones, and in the reconditioning of such buildings to make room for office, retail and residential spaces.

Raise your credit rating before hitting the real estate market

First-time homebuyers have a lot to contend with. Buying property is one of the biggest investments most people make in their lifetimes, and it comes with a broad range of responsibilities and obligations that can be difficult to learn, especially since most people have to learn about them as they go. This is why it's important to have the right resources, like a qualified realtor, legal advice about the market and responsibilities you are about to take on, and the kind of mortgage application that will get you the best rates.

Will the luxury apartment market rebound in 2017?

As we noted in our prior post, there are a number of factors that will define the 2017 real estate market in New York City. It remains to be seen how the market will play out given the recent interest rate hike, but one thing is certain; the luxury real estate market has slowed down considerably.

Broker confidence falls in the midst of the election

Last week we noted how confidence among commercial real estate developers and investors was still high despite the slowing market. However, sentiment among real estate brokers (both commercial and residential) was quite different heading into this week’s presidential election.

Market sentiment steady as the election approaches

This week was rife with anticipation about whether the Chicago Cubs would win the World Series for the first time in 108 years, or whether the Cleveland Indians would bring the city its second championship in 2016. The Cubs ended up winning in thrilling fashion. Now the nation’s anticipation turns to next week’s presidential election.

More rental opportunities arising in Brooklyn

In our last post, we highlighted a number of ways to obtain  the ideal rent, given that the rental market remains strong for those seeking places to live. While the market has not dropped in Manhattan, it appears that over-saturation may be imminent in Brooklyn.

Three ways for renters to get the ideal rent payment

Because of the warm weather expected this week, many may not know that fall is coming on Thursday. Indeed, the fall may not be the ideal time to seek deals for when it comes to renting property. However, the market for luxury properties has not been ideal.

Millenials still the focus of new real estate projects

As we have noted in a number of our posts, a key to being successful in real estate is being able to anticipate trends. One such trend involves knowing one’s target market, what they currently appreciate and what choices they will make in the future. This is why many current and real estate projects are centered on millennials.

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