Stream of Foreign Wealth Flows to Elite New York Real Estate

Flow of Foreign Wealth Flows to Elite New York Real Estate

By piercing the secrecy of over 200 shell businesses, The New York Times recorded a decade of possession in this iconic Manhattan way station for world-wide cash transforming the city's housing marketplace. A lot of the owners signify a cross section …

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NYC sees enormous sales for commercial property properties

The recent multimillion-dollar sale of a commercial space in the Meatpacking District is the newest in a tendency of booming office and retail trades in NYC that reveals no indication of slowing shortly. Financial services group TIAACREF closed a contract …

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How Record-High Demand is Driving New York Real Estate

Back then, the few investors who had money were hard pressed to spend it on commercial property. Values at the time were about 70 percent lower than they were at the very top of the marketplace in 1988. By comparison, the 38 percent fall in values from 2007 …

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Report: 2014 real estate sales hit new record

A whopping $ 15.1 billion worth of commercial real estate changed hands in Brooklyn, Queens, Northern Manhattan and the Bronx last year, according to figures released Friday by Cushman & Wakefield. The record amount represents a $ 5 billion increase over …

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