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Tag Archives: estate

Foreign Banks Reduce Lending to U.K. Commercial Real Estate

North American banks cut new lending for U.K. commercial property by more than half last year as a market slowdown reduced the number of big deals being done. Banks focused more on refinancing existing loans than extending new credit, a trend that favored domestic firms, according to a survey of 77 lenders by De Montfort University. U.K. banks and building societies were ... 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 »

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 »

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 »

Internet Plays Key Role in Real Estate Industry

The Internet increasingly plays a key role in the real estate sales industry, and this trend is expected to grow. According to a recent article by real estate professional John Mudd, more and more homebuyers are using the Internet in some portion of their buying process, either to locate property for sale or to educate themselves. By the same token, ... Read More »

Zillow and Changes to the Real Estate Industry

Real estate site Zillow.com launched last week. Some are predicting that Zillow.com is going to hurt realtors. But wipe away those tears, realtors. Zillow.com is not going to have as big a negative impact on realtors as predicted. Zillow.com is a website where you can go to find an instant online valuation of over 60 million homes in the United ... Read More »

Is Bigger Better? Office Politics and Working Real Estate Space

“What are you doing in Frank’s office,” I ask Bob who is staring at the overhead light fixture. Startled, he quickly looks down. I continue to tease him, “What is this? A meditation room? What are you doing?” Bob mumbles, “Counting.” “Counting what?” I ask. Bob takes a second, takes a breath and confesses, “ceiling tiles.” It takes me almost ... Read More »