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Sales of commercial properties in Manhattan plummet

Investment in commercial properties in Manhattan plummeted during the second quarter of this year. Sales dropped 60%, to about $5.6 billion, according to The Wall Street Journal. The average number... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkJul 17th, 2017

L.A. commercial property sales decline but total surpasses slumping Manhattan

Sales of commercial properties in Los Angeles.....»»

Category: topSource: latimesJul 27th, 2017

Manhattan landlord expands Long Island City portfolio

Himmel & Meringoff Properties is expanding its Long Island City office portfolio. The firm, which owns roughly 2 million square feet of commercial space in the city, acquired a six-story,... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkJun 15th, 2017

Sales Of Ultra-Luxury Homes In Greenwich Continue To Plummet

It used to be that low state income taxes and practically non-existent property taxes, at least compared the neighboring county of Westchester in New York, was more than enough to lure Manhattan's hedge fund billionaires out to Greenwich, CT. .....»»

Category: blogSource: zerohedgeJun 2nd, 2017

Pre-leased commercial space sales up 17 per cent in first quarter

Real estate investors are shifting to pre-leased commercial assets from residential properties.....»»

Category: topSource: business-standardApr 5th, 2017

Steady Pricing Gains Seen in Lower End of Market as Top-End Sales Slow

The first release of CoStar Commercial Repeat-Sale Indices (CCRSI) data for 2017 showed pricing of lower-priced CRE properties moving back into positive territory during January, helping offset an ong.....»»

Category: realestateSource: costarMar 2nd, 2017

Morning Roundup: Sedgwick County home value rose in 2016; Kansas tax collections beat February estimates by $37M

Sedgwick County h o me value rose in 2016 Fifty percent of Sedgwick County residential properties rose in appraised value last year. According to a Wichita Eagle report, the median home sales price jumped nearly $5,100. Commercial property value als.....»»

Category: topSource: bizjournalsMar 2nd, 2017

List Leaders: The biggest commercial property sales in 2016

For big commercial property sales, 2016 was another big year. In all, the year had three properties sell for more than $100 million and the No. 25 deal was almost $43 million. Regarding the top five, three of the properties are located in downtown Min.....»»

Category: topSource: bizjournalsFeb 24th, 2017

Ground wars: Surging property values are upending commercial landlords" ground leases

As the city's largest commercial landlord, SL Green is used to plunking down huge sums for prime Manhattan properties. It paid $2.3 billion in 2015 to purchase a Madison Square Park building that... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkJan 1st, 2017

Selling points: SDG closes on Washington Heights building for $18M, CBRE team sells Newark office tower

SDG Management SDG closes on Washington Heights building for $18M SDG Management, a Manhattan-based commercial real estate management, sales and acquisition firm, has purchased a six-story building in Washington Heights for $18 million or $264 per square .....»»

Category: realestateSource: realestateweeklyDec 14th, 2016

Eastern Union, Epic Commercial Realty form investment sales partnership

Eastern Union Funding and Epic Commercial Realt.....»»

Category: realestateSource: realestateweeklySep 20th, 2017

Existing-Home Sales Tumble for Third Straight Month

Sales of previously owned homes fell in August to the lowest level in a year, reflecting a shortage of properties on the market and a sharp drop in Houston home purchases because of Hurricane Harvey......»»

Category: smallbizSource: wsjSep 20th, 2017

Here"s the price tag for Irma"s damage

According to a preliminary data analysis by CoreLogic, total insured and uninsured loss for both residential and commercial properties — including damage from both flood and wind — is estimated to be between $42.5 billion and $65 billion. Of this, a.....»»

Category: topSource: bizjournalsSep 20th, 2017

Hurricane Irma Property Damage Estimated at Up to $65 Billion

The total insured and uninsured loss for residential and commercial properties, including damage from flood and wind, from Hurricane Irma is estimated to be as much as $65 billion......»»

Category: blogSource: 247wallstSep 19th, 2017

Lawsuit brought against city over reassessments of commercial properties

The city believes it followed a proper method when it came to the process of evaluating a new value for office, apartment, industrial and other buildings......»»

Category: topSource: bizjournalsSep 15th, 2017

Shelley Drake, M&T banker

Shelley Drake remembers well her early years in sales at M&T Bank, when business owners balked at a “girl” coming in to handle their commercial banking needs. That was more than 40 years ago, before she rose through the ranks to become senior .....»»

Category: topSource: bizjournalsSep 15th, 2017

New York City is positioning itself as a life sciences hub

Developers Taconic Investment Partners and Silverstein Properties are spending $20 million to renovate the 326,861-sf Movie Lab building in Midtown Manhattan for life science research usage. The New York Post reports that the Stem Cell .....»»

Category: realestateSource: bdcnetworkSep 12th, 2017

Hoover commercial projects gain sales tax rebates

The Hoover City Council recently helped pave the way for a couple of transformative commercial projects planned for the growing city. The Hoover Sun reports that the council agreed to two different tax rebate agreements for Stadium Trace Village and Th.....»»

Category: topSource: bizjournalsSep 12th, 2017

Judge throws out Phila. school district"s appeals on commercial properties

Commercial property owners are the target of these reverse assessments......»»

Category: topSource: bizjournalsSep 11th, 2017

Car sales rise 12% in August, passenger vehicles up 14%

Sales of commercial vehicles rose by 23.22% to 65,310 units in August.....»»

Category: topSource: business-standardSep 11th, 2017

More than half of Houston properties at high or moderate risk of flooding are not in FEMA flood zone

More than half of residential and commercial properties.....»»

Category: realestateSource: bdcnetworkSep 7th, 2017