Browsing All posts tagged under »NYC«

How Does the GOP Shift in the House Affect Housing?

November 3, 2010

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With nearly all votes tallied for the 2010 election, it appears as though the House will be held in the majority by republicans.  This shift in governance brings ideological changes to how our government will approach a variety of issues.  With Real Estate being such an important aspect of wealth in America,  undoubtedly new policies will […]

East Village and LES Rental Round-Up – November 2010

November 2, 2010

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originally posted on NearSay by Contributor Grant Braswell With the ensuing holiday season comes a lull in rental activity.  The downtown students matriculating to Parsons, NYU, Cooper Union and FIT among others have (hopefully) locked in their apartment to focus on their scholarly pursuits at Bar None and Pommes Frites.  For everyone else, the prospect […]

Moving on Up! Harlem Continues to Attract Investment, Conflicted Feelings

November 1, 2010

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Clients and people we meet off the street are constantly asking where to find the next Alphabet City, the next Williamsburg (that hopefully wont stagnate).  Those who are thinking more longterm want to find the next good investment, and who could blame them.  Our own team has good personal experience with this type of foresight as […]

Push Continues for the No. 7 Line Extension

October 27, 2010

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As a Crains NY article discusses, Developers such as the Silverstein Group and Durst Fetner, various construction companies and the city of New York have pooled together $750,000 to apply for a $3,000,000 grant from the TIGER II Discretionary Grant Program, an offshoot of the national Department of Transportation.  TIGER II has $660M to hand […]

Google Close to Buying 111 Eighth Ave – for $2,000,000,000

October 27, 2010

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According to a CNBC post this morning, Google is rumored to be close to signing a contract to purchase 111 Eighth Ave in lower Chelsea.  The building is 2.9 million square feet of commercial space, of which Google currently rents 500,000.  

Doug Sundheim’s Leading Idea – Don’t Stop Bad Behaviors…Start Good Ones

October 26, 2010

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There is little to add to this week’s Leading Idea by Doug Sundheim.  We all have our own shortcomings, vices and bad behaviors that if we’re lucky enough to recognize we want to fix.  Doug’s solution makes a lot of sense. Don’t stop bad behaviors…start good ones “Nature abhors a vacuum” — François Rabelais (1494?-1553), […]

Buckling Down on Appraisers – Increasing the Fairness of Appraisals

October 26, 2010

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Market watch just dropped an article on the new laws coming into effect for the appraisal community.  This is an important issue in the real estate world as appraisers bridge the gap between actual value and what a new buyer wants to pay, be it too low or high.  Traditionally they are constantly pulled in […]

John Paulson – Buy a Home (I have faith in you… this time)

October 26, 2010

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John Paulson, the man who made billions of dollars of the recent financial meltdown, is now encouraging a practice he once shorted for immense personal gain ($3.7B salary in 2007).  While many dispute the integrity of someone keeping mum while anticipating a tsunamic meltdown, he is undeniably smart and in tune with the mortgage market, one […]

Walking a Tight Rope – Development in the East Village

October 25, 2010

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  originally posted by Grant Braswell of the Blumstein Team on Nearsay.com This last weekend, Corcoran Sunshine (Corcoran’s new development arm) held a gigantic open house spanning the entire city and all of their new developments.  Hundreds if not thousands of brokers and buyers came out in force to check out the properties. My team was […]

Biking Downtown in New York City – A Dream Tough to Get Right

October 19, 2010

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Originally posted on Nearsay.com by contributor Grant Braswell   One goal of any urban area should be to make available options for clean, quick and relatively cheap transportation. We can’t ask people to not use cars – that would (lamentably) be un-American. Buses are helpful, but they are painfully slow.  While a full bus is one smallest […]

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