Tuesday , 25 April 2017
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Real Estate

Young investors get into property a brick at a time

Young Australians, many put off by the rising cost of property, make-up around 50% of the customers for fintech startup BRICKX. The survey of over 1,000 of the company’s 3,120 members found that half are aged under 35 and of that group, 74% have never owned property before investing in BRICKX. The company buys Australian residential properties and separates each into ... Read More »

Maharashtra announces new real estate norms, first regulator from May 1

India will soon be getting its first real estate regulator and developers will have to toe the line or face severe penalties. The Maharashtra government on Thursday announced the rules for its regulator, ahead of the various state regulators coming into effect. Maharashtra’s real estate regulator will come into force on May 1.  The rules are as follows: The state ... Read More »

Impact of GST on Real Estate

The impact of GST on real estate will depend upon the abatement allowed on agreement value, says CRISIL survey. From the point of view of consumers, the impact of GST on the real estate sector will hinge on its effective implementation rate. In the residential segment, completed properties do not attract service tax and so will have no impact of ... Read More »

Sale of Daniel and Danielle Besen’s Flinders weekender confirmed for just under $20m

THE lavish beachside mansion of Daniel and Danielle Besen has officially sold, for an eye-watering figure just shy of its $20 million price expectations. The seven-bedroom Miramar in Flinders went under offer in early March, shortly after its expressions of interest campaign ended. But the Herald Sun understands the sale was only recently finalised, with an international buyer paying about ... Read More »

Drone photography takes the real estate business to new heights

The best real estate agents know that presentation is key in attracting serious buyers. And the bigger the property, the more ambitious the marketing plan needs to be. Today’s savvy buyers do their research online before they even pick up the phone to call an agent. Any agent working to sell a luxury property makes significant upfront investments in professional ... Read More »

Explore the options to refurbish your home space floors

Flooring types and style gradually earned its place in the modern interior design. It is a perfect solution for an original flooring industrial style. Discover the new ideas of different flooring options for your living room, kitchen, bathroom or bedroom. Concrete Flooring The stained concrete floor is a real fascinating trend in the design of kitchen and bathroom. It is ... Read More »

Leonard Litwin, New York Real Estate Mogul, Dies at 102

Leonard Litwin went into building with his father in 1946, starting with garden apartments on Long Island and later dozens of upscale properties in Manhattan. Creditvia Glenwood Management Behind the scenes, Mr. Litwin’s influence and that of Glenwood Management reached far beyond the buildings he owned. He forged political connections in Albany and City Hall with campaign contributions, lobbying and ... Read More »

The week in real estate industry deals: March 20-24

While real estate agents chase leads and close deals on houses, there’s another level of deal-making that takes place within the real estate industry: mergers, acquisitions, integrations and partnerships. We’ll be recapping every week’s noteworthy deals that didn’t make it into print (and some that did) for your perusal. We missed you before! Halstead Property has been named the Official ... Read More »

Recent Commercial Real Estate Transactions

A private hotel investor and operator bought the Grand Motor Inn, at 72-51 Grand Avenue in Queens, for $7.5 million. CreditGregg Vigliotti for The New York Times Blue Dog Cafe has signed a two-year lease, with an option for an eight-year extension, for a 2,500-square-foot ground floor space in this five-story commercial building, built around 1900 in Gramercy Park. The ... Read More »

Real estate mogul says this purchasing secret helps him find perfect buys

Sidney Torres has made millions developing real estate. The secret, he says, is in the buy, not the sell. In other words, renovations are not where the money’s at. “A lot of people think, ‘Oh I’m going to go in there and I’m going to renovate [the property] for a lot less and that’s where I’m going to make my ... Read More »