If you want to make an offer for a home, you are less likely to face a competing bid than a year ago, according to Seattle-based brokerage firm Redfin. Homes listed for sale in some metropolitan areas still attract multiple competing bids, but a cool-down in the housing market has reduced competition for listed homes in most parts of the nation, Redfin reports. The brokerage firm says 32 percent of its offers to buy U.S. […]
More than three quarters of U.S. homes on the market will sell below the asking price in the first quarter of 2019, according to a national forecast by Knock, a company that helps people sell and buy homes. Knock predicts that 77 percent of all U.S. homes will sell below the asking price in January, February and March, compared to 62 percent so far in 2018. In Miami, for example, the average home will sell […]
Harvard University’s endowment is making a hefty profit buying up and working prime land for wine grapes in central California, but not everyone is happy about the investment strategy. The university has leveraged its $39 billion endowment to pay top dollar for several thousand acres in central California to build its grape-growing business, now worth around $305 million, according to the Wall Street Journal. Harvard chose the properties due access to some of the best […]
West Hollywood is in line to get another striking architectural landmark on Sunset Boulevard. Silver Creek Development Co. has revealed a futuristic design for a proposed hotel one block west of the Arts Club site, where the infamous Viper Room now stands, according to WeHoville. The design by architects at Morphosis shows one building resembling a white claw rising to the side and then cantilevering over a more traditional 15-story tower. The development team revealed […]
125 Greenwich Street shot up with great speed in 2018, and is the 16th-tallest skyscraper under construction in New York City. Now, it has only a few floors remaining before its 912-foot pinnacle is reached above the Financial District. The 88-story tower is being designed by Rafael Vinoly and developed by Bizzi & Partners and Vector Group, while the marketing of the 273 residential units is being handled by Douglas Elliman. Interiors are being designed by March & White.
One of Brooklyn's largest new developments has been proposed along Flatbush Avenue, at 625 Fulton Street, which could rise 941 feet to its rooftop. The site is a large trapezoidal piece of land just steps away from JDS Development's 9 DeKalb Avenue. A major rezoning plan has been put forth that could potentially bring close to 1,800,000 gross square feet of mixed-use development to the nearly 89,000 square foot property, measuring about two acres in size. The site is bounded by Fulton Street to the south, Hudson Avenue to the west, DeKalb Avenue to the north, and Rockwell Place to the east.
New renderings offer a first glimpse of the 400-foot waterfront esplanade to accompany Eliot Spitzer’s massive South Williamsburg rental complex, at 420 Kent Avenue.
Permits have been filed for a six-story mixed-use building at 120 West 17th Street, in Chelsea, Manhattan, that will contain both residential space and a community facility. Located between Sixth and Seventh Avenues, the interior site is one block south of the 18th Street subway station, serviced by the 1 train. It is also three blocks north of the 14th Street station, serviced by the F, M and L trains. Yaniv Garbo of GB Properties LLC is listed as the owner behind the applications.
Recent residential sales in New York City and the region.
The annual ranking of the Big Apple’s most expensive neighborhoods is out and there are a few surprises. Compiled by Property Shark, Manhattan and Brooklyn continue to dominate the list, which is based off residential sales data, the New York Post reported. But some regularly top-ranked enclaves struggled this year. Tribeca’s prices fell 18 percent year-over-year, despite hanging on to the top spot with a median sales price of more than $3.8 million. Sales prices […]