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  • Brookfield to incubate new retail ideas with Bleecker Street portfolio

    The Real Deal New York 23 Apr 2018 | 7:00 am

    Brookfield Property Partners is planning on conducting something of a retail experiment with the portfolio of properties on Bleecker Street it bought from New York REIT for $31.5 million. The global investor plans to create an incubator for emerging online brands or new retail concepts to get a feel for the market and try out their brick-and-mortar strategies, the Wall Street Journal reported. Brookfield is also reaching out to other owners on the shopping strip […]

  • Shopping Guide: Shopping for Multilevel Coffee Tables

    NYT > Real Estate 23 Apr 2018 | 6:54 am

    A coffee table doesn’t have to be a static object in the center of the living room — with multiple surfaces, it can add function and enliven a space.

  • Brooklyn luxury market saw 14 contracts signed last week

    The Real Deal New York 23 Apr 2018 | 6:35 am

    There were 14 contracts signed last week in Brooklyn’s luxury real estate market, almost all of which were for houses. The deals between April 16 and April 22 worth $2 million or more consisted of just one co-op deal and two condominium deals. The remaining 11 deals were all for houses, according to the latest report from Stribling & Associates. The properties went for an average price of about $2.4 million, and the total contract […]

  • Manhattan’s luxury market notched 37 contracts last week: Olshan

    The Real Deal New York 23 Apr 2018 | 6:10 am

    Manhattan’s luxury market recorded 37 contracts at $4 million and above last week, according to Olshan Realty’s weekly luxury market report. That was tied for the best week since May of 2017. The final sponsor apartment at the Rudin Organization’s Greenwich Lane took the top spot for the week. The condominium, PHE, had an asking price of $17.75 million. The duplex penthouse at 155 West 11th Street spans 3,486 square feet with three bedrooms, three […]

  • What's Selling Now: Homes That Sold for Around $450,000

    NYT > Real Estate 22 Apr 2018 | 2:00 am

    Recent residential sales in New York City and the region

  • Ask Real Estate: Can I Stop My Neighbor From Running an Airbnb?

    NYT > Real Estate 21 Apr 2018 | 7:00 am

    What recourse do residents have if their neighbors decide to rent out their homes through sites like Airbnb and VRBO?

  • Have You Heard? ‘I, Tonya’ composer snags Brooklyn pad

    Real Estate Weekly 20 Apr 2018 | 1:28 pm

    FILM score composer Peter Nashel and his designer wife Jenna Chused are selling their picture perfect Brooklyn home.

    The couple have tapped Douglas Elliman’s Doug Bowen to sell the classic six at 35 Prospect Park West,
    Jenna helped build the DwellStudio home decor brand that was bought by interiors giant, Wayfair, in 2013, before starting her own firm, Chused & Co.

    She turned her talents to renovating the co-op with a blend of old features — like the original parquet floors and moldings — and new, such as the Italian kitchen cabinetry by Ceasar, Kallista nickel fixtures and side-by-side laundry.

    The result is a home showcased in publications including Martha Stewart Living, Farrow & Ball and Undecorate.

    Bowen, who has already helped the couple buy a new home in Fort Greene, has listed the co-op at $3,250,000.

    Nashel bought the apartment years ago while he was still building her career as a musician and composer.

    Since starting out as a jazz saxophonist, he has gone on to helm the scores to dozens of films and television shows.

    His most recent score is to the Tonya Harding bio-pic starring Margo Robbie, I, Tonya.

    THE Museum of Chinese in America (MOCA) will honor Citi Habitats broker Victoria Rong Kennedy at its annual Celebration of Community Heroes later this month.

    A native of Beijing, China, Kennedy is an active supporter of the Museum. Her charity commitment also include the American Cancer Society, Half the Sky, Museum of Natural History, Newport Rhode Island Preservation Society and China Institute.

    She is also a member of the University Club, China Elite, Beijing Opera Society, Screen Actors Guild (SAG) and the Real Estate Board of New York (REBNY).

    Founded in 1980, MOCA is dedicated to preserving and presenting the history, heritage, culture and experiences of people of Chinese descent in the United States.

    Located at 215 Centre Street, the interactive museums promotes dialogue and understanding among people of all cultural backgrounds.

    Other honorees at the April 12 celebration include Council Member Margaret Chin and Carl Shan Leung, founder of Kamwo Meridian Herbs.

    The post Have You Heard? ‘I, Tonya’ composer snags Brooklyn pad appeared first on Real Estate Weekly.

  • Done Deals: Unique selling style

    Real Estate Weekly 20 Apr 2018 | 1:12 pm

    It’s not easy being unique — just ask Citi Habitats agents Jed and Lindsay Wilder.

    They were tapped to sell an LIC penthouse that the owner had styled in his own unique way.

    “It is stunning, but very taste specific,” explained Jed. “It was a very challenging deal because appraisals did not come in for full price due to the uniqueness of the apartment and lack of comps.”

    Unit 4/5B at 10-40 46th Road, a boutique building known as Casa Vizcaya, is a convertible three-bedroom, 3.5-bath with a great room, sleek modern fireplace and slate floors. It has 1,000 s/f of outdoor space with a private pool, custom bar and grill.

    The agents listed the condo — the biggest available in LIC at the time — for $3.695 million.
    “It took some intense negotiating, but in the end, we were able to seal the deal,” said Jed.

    In fact, the sale closed at $3.1 million, a record-breaking price for a condo in the neighborhood.

    Blair Sheenan of Prevu Real Estate represented the buyers.

    MANHATTAN

    Inwood
    115 Payson Ave.
    $390,000

    One bedroom, 1-bath Art Deco co-op. Windowed, pass-thru kitchen with granite counter tops, stainless steel GE Profile appliances and dishwasher. Windowed foyer opens to sunken living room with dining area, high ceilings and wrought iron railings. Windowed bathroom with black and white subway tiles. Bedroom has three closets. Pet friendly building, has a live-in super, and central laundry room. Asking price: $409,000. CC: $845. Time on market: 328 Days. Agents: Ken Brown, Level Group; Charles C. Thompson, New Heights Realty.

    Upper West Side
    39 W67th St. #504
    $860,000

    CONO NATALE

    Renovated one-bedroom, 1-bath co-op in Lincoln Center location just west of Central Park. Double-exposure corner great room with 11 ft. ceilings, oversized windows with garden views and hardwood floors. Eat-in kitchen with nano-glass countertops and ceiling-height cabinetry. State-of-the-art bath with Corian walls and deep soaking tub. Generous storage space throughout. Located in a circa 1906 pre-war building with doorman and elevator operator. Asking Price: $899,000. CC: $2,036. Days on the Market: 5 weeks. Agents: Victoria Matus, Brown Harris Stevens; Cono N. Natale, Citi Habitats.

    Sutton Place
    200 E57th St. #8J
    $1,100,000

    Gut renovated two bedroom, 2-bath apartment with windowed kitchen with Marble Quartz counters. New oak hardwood floors with sound insulation throughout. Three pantries and five closets, including two walk-ins. Entry foyer lined with custom book shelves. Miele washer/dryer. Full service building with 24-hour doorman, roof deck, gym and garage. Maintenance includes electric, basic cable and Spectrum internet. Asking price: $1,195,000. CC: $2,240. Time on Market: 70 Days. Agents: Rose Grobman & Barbara Chase, Corcoran Group; Angela Yang, Rutenberg NYC.

    Midtown
    159 W53rd St. #28B
    $1,300,000

    Two bedroom, 2-bath apartment at Tower 53 in the Theatre District, steps from Central Park, Radio City Music Hall, Carnegie Hall, Time Warner Center, MOMA, all the Broadway theaters. White glove full service building with 24-hour concierge staff, onsite garage, roof deck, laundry and valet service. Balcony opens to an unobstructed city skyline view. Asking price: $1,365,000. CC: $1,447. Time on Market: 161 days. Agents: Liang Li, Nestseekers International, Xenia Liu, Rutenberg NYC.

    Greenwich Village
    25 Minetta Lane #5B
    $1,150,000

    High-floor west facing one-bedroom fully-renovated to retain pre-war architectural features such as original inlaid parquet hardwood floors, crown moldings, and semi-circular dining area next to the foyer. Windowed kitchen with two-seat breakfast bar crafted from hickory, quartz countertops, Tom Dixon copper lighting pendant. Bedroom has three windows, custom floor-to-ceiling built-in closets, and an alcove. Bathroom with floor-to-ceiling mirrored storage cabinet. Exposed and refinished steam radiators. New electrical and custom solar shades. Asking price: $1,150,000. CC: $1,858. Time on Market: 31 Days. Agents: Jonathan Makolondra, Redfin Real Estate; Richard Kahoe & Zoe Mann, Rutenberg NYC.

    BROOKLYN

    Bedford-Stuyvesant
    60 Van Buren St.
    $2,145,000

    Luxury two-family brownstone combining three bedroom, 2.5 bath owner’s duplex with roof deck, and luxury two bedroom rental. Main home has living, dining and kitchen areas spanning 52 ft.. Enter deck and garden through floor-to-ceiling Pella windows. Staircase to three upstairs bedrooms, including master with walk-in and Calacutta marble bath. Laundry room and additional W/D hookup in the separated finished basement. Asking price: $1,975,000. Time on the Market: 70 Days. Agents: Daniel Kandinov & Natalia Kaminskaya, Corcoran; Nicholas Oliver, HomeDax Real Estate.

    Park Slope
    707 Carroll St. #2R
    $1,015,000

    Three bedroom, pre-war condo in an eight-unit building. Currently configured as a two bedroom, 1-bath floor-through. The kitchen and bath have been renovated with high-end appliances and fixtures. Separate dining room big enough to seat six. Three blocks from Prospect Park. Common storage. pet friendly walk-up building with professional management. Asking price: $899,000. Time on the Market: 22 Days. CC: $396. Agents: Lesley Semmelhack and Amanda McAvena, Corcoran; Jeffery Welch, Brown Harris Stevens.

    The post Done Deals: Unique selling style appeared first on Real Estate Weekly.

  • Upper Manhattan Empowerment Zone chief Kenneth Knuckles to retire after 15 years

    Real Estate Weekly 20 Apr 2018 | 12:46 pm

    The Upper Manhattan Empowerment Zone today announced that the organization’s longtime President and Chief Executive Officer, Kenneth J. Knuckles, will step down in June after 15 years of service to begin his retirement.  Knuckles has had a significant impact on the organization, which works to sustain the economic revitalization of all communities throughout Harlem, and on the greater Harlem community.  UMEZ has provided $87 million in loans for real estate projects, $57 million in tax-exempt bonds for real estate development and $98 million in grants focused on arts, culture and workforce development.  The organization’s Board of Directors is currently conducting a national search for candidates to fill the position with the aim of selecting a new President and CEO before the end of the Spring.

    “For over a decade, Ken Knuckles has led the Upper Manhattan Empowerment Zone, pioneering bold initiatives to create opportunity for the entire Harlem community, and as a member of the New York City Regional Economic Development Council,” said New York State Governor Andrew Cuomo.  “He has been a critical partner in our efforts to drive economic growth and development. On behalf of all New Yorkers, I thank Ken for his leadership and vision, and wish him the best in his next endeavors.”

    “Ken has been such an extraordinary  leader over the past 15 years – the impact of his leadership with UMEZ can be clearly seen by simply taking a look at Harlem’s economic expansion over the past decade,” said Joseph J. Johnson III, UMEZ Board Chairman and Senior Vice President, Goldman Sachs & Co.  “Ken has been faithful to the mission and charge of UMEZ in not only helping revitalize the communities of Upper Manhattan by growing small businesses, but he has also helped to strengthen vital and longstanding cultural institutions with funding and technical support that allow these organizations to continue enriching the community and New York City as a whole.”

    UMEZ was designated as an urban empowerment zone under federal legislation authored by Congressman Charles B. Rangel and signed into law by President Clinton in 1994. The borders of the empowerment zone were created to assist the residents that had the highest concentration of poverty as indicated by the 1990 Census

    “It has been an honor to serve as Upper Manhattan Empowerment Zone’s President and CEO for 15 remarkable years, helping grow the number of jobs and enhancing cultural and economic developments in these communities has been an astounding experience,” said Knuckles. “With the support of the board and my colleagues, UMEZ has played a large role in the revitalization of Upper Manhattan and will continue to do so.”

    “The success of the Upper Manhattan Empowerment Zone would not have been possible without the leadership of Ken,” said Charles Rangel, former congressman for New York’s 18th congressional district. “When we passed the Empowerment Zone legislation with President Bill Clinton in 1994, we intended to bring investment, access to capital and job creation for local residence in Upper Manhattan.  Now 24 years later, we’ve seen billions of dollars in investments throughout this community from East Harlem to Inwood, 10,000 jobs created, cultural institutions that are now stronger than they’ve ever been, and small businesses that have opened and flourished, all with capital from UMEZ.  I owe Ken Knuckles a debt of gratitude for his leadership in transforming my legislation into action that has transformed my community for the better.”

    During his tenure, Knuckles implemented strategies to promote economic development throughout the communities of Upper Manhattan.  He worked with the UMEZ board to provide a $15 million loan to East River Plaza—the first of its kind big box retail complex in East Harlem—resulting in the creation of over 1,000 jobs; a $5 million loan for the retail renovation of the George Washington Bridge Bus Terminal; and expanded retail investment with more that $12 million in small business lending.  He helped to catalyze the growth of the tourism industry with more than $45 million in grants from the UMEZ Cultural Industry Fund going to arts organizations like The Apollo Theatre, Studio Museum in Harlem, El Museo del Barrio, Harlem Stage, Northern Manhattan Arts Alliance, Harlem Stage, and the Dance Theatre of Harlem.

    “We at the Apollo are grateful for Ken’s visionary leadership of UMEZ and its continued investment in the vitality of the Harlem community,” said Apollo Theater Foundation President and CEO, Jonelle Procope. “Through the unyielding support from Ken and UMEZ, the Apollo Theater has strengthened its position as a creative and dynamic nexus of culture, race, and society and expanded upon our legacy as a premier performing arts commissioner and presenter.  All of us at the Apollo thank Ken for his generosity and wish him well in his next adventure.”

    Lloyd Williams, President and CEO of the Greater Harlem Chamber of Commerce, notes, “Through Mr. Knuckles’ unique ability to collectively work with the public sector, elected officials, private sector and community based organizations, UMEZ has helped to create the road map that is a major part of Upper Manhattan’s continued growth and development over the past two plus decades.  The Greater Harlem Chamber of Commerce has been extraordinarily pleased to partner with UMEZ on the building of the highly successful Strivers Gardens mixed use residential complex, the annual HARLEM WEEK festival and on numerous business, tourism and cultural initiatives.  We can never stop thanking him for his leadership in Upper Manhattan in particular, and throughout New York City in general.”

    UMEZ helps facilitate economic development all throughout Upper Manhattan in the neighborhoods of Central, West and East Harlem, Washington Heights and Inwood. UMEZ investments have leveraged over $1.1 billion of private capital investments and this commitment has created nearly 10,000 direct jobs thus far.  In 2017, UMEZ became a recognized Community Development Financial Institution (CDFI).

    The post Upper Manhattan Empowerment Zone chief Kenneth Knuckles to retire after 15 years appeared first on Real Estate Weekly.

  • Barack and Michelle Obama Won’t Leave Their Vacation Lives Behind

    Real Estate – Observer 20 Apr 2018 | 12:30 pm

    The former first family is hoping for a new addition to their $8.2 million Kalorama home to help.

  • Using Cryptocurrency Technology in Real Estate Could Prove Off the “Chain”

    BrokerPulse 20 Apr 2018 | 8:27 am

    Blockchain technology. Shutterstock.

    (New York, NY) — For those who are tired of hearing from coworkers about they’re outstanding returns on bitcoin investment, they’d probably be amused to hear CNBC is reporting that the cryptocurrency is practically “worthless, and and will perform worse than stocks in the coming months.”

    But that doesn’t mean there isn’t value to the technology behind it. Take real estate, for example: there are a variety of constraints hindering real estate brokers.

    “If a broker wants to locate a property in New York City, he can search several different portals and see the same property listed under varying names. If an agent wants to attract an international buyer, he has to take additional marketing steps to obtain global exposure. To close a deal, paperwork is passed back and forth in the form of email that often leads to miscommunication and transaction delays,” writes Stephen King in a Forbes column.

    King’s solution: “By establishing a base layer of universally accessible and usable data, information and records, we can literally reinvent real estate from the ground up.”

    One way to do that is through a certain technology that serves as a function for bitcoin: blockchain.

    When someone requests a transaction through bitcoin or another cryptocurrency, the request is broadcast from computer-to-computer, validated and added to a digital ledger or “chain” of that person’s previous cryptocurrency transactions.

    This blockchain is decentralized, meaning it can be viewed from anywhere by anyone, sort of in the way that Google Docs works.

    By applying the blockchain system to real estate, brokers and signers can all access the same type of contract or legal document at the same time, instead of passing them to each other or potentially misplacing versions of that document.

    “Challenges like scaling, privacy, identity, regulation and cross chain interoperability still need to be overcome,” writes King. “It’s still early days in blockchain technology development, but the future looks bright.”

  • Did Emilia Clarke Already Vacate Her Personal Iron Throne?

    Real Estate – Observer 19 Apr 2018 | 2:30 pm

    Her Venice home went on and off the market in just one day.

  • UrbanDigs Improving its NYC Listing Feed with New Deal

    BrokerPulse 18 Apr 2018 | 8:12 am

    ScreenShot of UrbanDigs.com listing results sample.

    (New York, NY) — In an attempt to bring its website to the next level, UrbanDigs is taking advantage of a new listing feed from the Real Estate Board of New York (REBNY).

    Since its foundation in 2010, UrbanDigs has been providing real-time market data, property pricing, and client collaboration tools to its real estate subscribers.  New York City listings have been featured on its website for about a year, but require registration in order to view them. However, with the new feed from REBNY’s Residential Listing Service (RLS), that has all changed.  According to Urban Digs founder and CEO, Noah Rosenblatt, the registration hurdle is out the door.

    RENBY and RLS

    REBNY, not Realtor-affiliated, represents more than 17,000 real estate professionals in NYC, and RLS has near 6,500 for-sale listings in Manhattan at the moment, according to Rosenblatt.

    Since its launch in August, Realtor.com, Homes.com, the New York Times, The Real Deal and other sites have also joined the RLS network.

    How the RLS integration will work

    Currently UrbanDigs is using a listing a listing feed from vendor, RealPlus, and will continue to use it for agent toolset and backend analytics platforms.  Once the site switches over to the RLS direct feed, consumers will then only have access to the listings via RealPlus if they connect to an agent subscriber.

    UrbanDigs is the latest site to jump on the RLS syndication network and already Brown harris Stevens, Compass, Stribling & Associates, Douglas Elliman, Town Residential, Highline Residential, Redfin, Warburg Realty, Simone Song Properties, City Connections Realty and others have opted in to submit their RLS listings to UrbanDigs, Rosenblatt said.

    The UrbanDigs edge

    Upon integration of the RLS feed, UrbanDigs plans to market itself as a product for consumers in addition to agents, but it is not looking to challenge StreetEasy.

    Rosenblatt says UrbanDigs provides a different type of experience.

    “What makes us different is that we’ve combined market analytics and data with tools that allow the agent and the consumer or the consumer and their friends or family to collaborate, co-search, discuss and analyze.  At the end of the day it simplifies the real estate experience,“ he said.

    Negotiations between UrbanDigs and Brooklyn MLS to display the latter’s listings on its site are in the works, according to Rosenblatt.  In addition, listings from the New York State MLS, Long Island MLS, and the Bronx-Manhattan MLS are expected to be added by the end of this year.

  • A Man and a Van Take on The Streets of NYC

    BrokerPulse 17 Apr 2018 | 8:42 am

    Aaron Randolph, 31 | Photo Credit: Brian Zak/NY Post

    (New York, NY) — How far are you willing to go to save money? For some NYC residents, the answer is living out of their cars!

    Cars, since the dawn of their invention, have brought us one major thing, transportation. However, for some, transportation is paired with a place to live. Yes, since the wheels have hit the road there have been loads of back seat sleepers, but just how many are on our NYC streets and why?

    NYC rent has skyrocketed over the years. For many, it can be nearly impossible to swing. Reddit user BlueMcCrew told Business Insider he started to live in his blue Honda Fit in an attempt to save money on rent. He now saves $600 a month and is able to put that toward paying off his student loans and admits he is “addicted” to seeing the amount go down.

    How does he do it?

    BlueMcCrew says the five essentials to living in a car are; a memory foam mattress, blankets, cell phone batteries, a long cable to charge phones, and a window visor.

    He stays clean by showering at a local gym and stores his belongings in the trunk of his car, and in his gym locker.

    Is he the only one?

    BlueMcCrew has a neighbor in Long Island City. 31-year-old Aaron Randolph, musician, and elementary school teaching assistant, lives out of his 2005 Dodge Sprinter on the streets legally.

    With Long Island City marked by the New York Post as one of the most expensive Queens neighborhoods to live in (apartments ranging from $2,000 to $3,000 per month), it’s no surprise Randolph had to get creative.

    So what does it take to make it on the streets of the Big Apple?

    Randolph explained that he’s been living out of his van for over a year now comfortably, and legally.

    Since its legalization in 2013, living out of a car in NYC has tracked some attention, and with staggering rent prices is looking to many like a plausible idea.

    Now, we know you have some questions.

    -Is it safe?

    Both BlueMcCrew and Randolph have stated they feel safe with their living arrangements. While BlueMcCrew admits he never feels 100% safe, he does sleep peacefully and has learned to adjust to being on edge.

    -How long do these NYC residents plan to live in their car?

    Well, it doesn’t seem like they have plans to move out anytime soon. BlueMcCrew says he’s in no rush and could potentially live in his car for the next three years!

    For Randolph, his living arrangements are more than just good, with housewarming gifts from his family and date nights in the van with his girlfriend, he doesn’t seem to be in any rush to move.

    -Have they run into trouble with the law?

    Steven Wasserman, a criminal attorney at the Legal Aid Society, says Randolph is “not violating any criminal statute.”

    Along with the “okay” in Long Island City, BlueMcCrew has only run into trouble with the cops a few times, mostly because he overslept and forgot to move. He goes on to say that the key to staying out of trouble is to be polite and clean.

    -Words of advice for those seeking to live out of their car?

    Jimmy Tarangelo, a Manhattan native who has been living out of his two vans for almost two decades, told the New York Post, “I’m not the cuckoo one living in the truck, they’re cuckoo for paying to live there.”

  • Mannequin maker shifts to new showroom space

    Real Estate Deal Watch - Crain's New York Business 1 Feb 2016 | 9:00 pm

    Midtown / Park Ave. South - A company that manufactures and provides mannequins to retailers across the city is moving its midtown south showroom a few blocks away. Mondo Mannequins leased 4,500...

    To view the full story, click the title link.

  • Deal Preserves Apartments’ Affordability for 55 Years

    Multi-Housing News Online 30 Oct 2015 | 5:11 am

    Photo credit: www.forrent.com

    Photo credit: www.forrent.com

    By Dees Stribling, Contributing Editor

    Pacifica, Calif.—Ocean View Senior Apartments has traded hands, with National Church Residences selling the property to Bridge Housing for an unspecified price. The transaction will preserve Ocean View as an affordable housing property for seniors in Pacifica and pave the way for new capital improvements.

    In 2000, National Church Residences acquired the 100-unit Ocean View at the request of the City of Pacifica, with the goal of sustaining the property’s affordability. Since then, the nonprofit provided property management at Ocean View and raised funds for roof replacement and other improvements. Most recently, National Church Residences had been pursuing a refinancing of Ocean View to repay two maturing loans and address capital needs.

    Bridge will start renovations next month with new financing in place. That includes tax-exempt bonds, additional funding through California Housing Finance Agency, restructuring of existing debt with the San Mateo County and the Housing Endowment and Regional Trust, and the addition of low-income housing tax-credit equity.

    The planned renovations will replace aging building elements with more efficient and higher-performing alternatives; restore and enhance the physical condition of the building; and, according to Bridge, enhance residents’ quality of life. The recapitalization also provides funding to enhance on-site services. Residents will have access to programs such as wellness and nutrition classes and referral services, without charge.

    All current residents will be able to remain in their units for the long term, and new deed restrictions have been placed on the property to ensure rent restrictions will continue for 55 years. Ocean View is affordable to seniors whose annual incomes range from about $14,928 to $84,500 (minimum income standard to 80 percent of area median income, depending on household size), though 31 apartments will have additional subsidy provided by the Housing Authority of the County of San Mateo.

  • Suburban Dallas Apartments Up for Sale

    Multi-Housing News Online 30 Oct 2015 | 4:55 am

    By Adriana Pop, Associate Editor

    Dallas—Greysteel has been retained as exclusive advisor and agent for the sale of The Lakeshore, a 140-unit garden-style multifamily community in the Northwest Dallas suburb of Lake Dallas, Texas.

    The Lakeshore in Lake Dallas, Texas

    The Lakeshore in Lake Dallas, Texas

    Completed in 2015, the property offers 40 one-bedroom/one-bathroom units at 763 square feet, 36 two-bedroom/two-bathroom units at 1,080 square feet, 40 two-bedroom/two-bathroom units at 1,091 square feet, and 24 three-bedroom/two-bathroom units at 1,311 square feet.

    The community is conveniently located along Swisher Road, a high traffic thoroughfare which provides ideal accessibility to Interstate 35E, Dallas-Fort-Worth’s main north and south artery. Residents at The Lakeshore also benefit from the property’s proximity to the University of North Texas in Denton, which is educating over 36,000 undergraduate, graduate, and doctoral level students. Another attraction is the nearby Lewisville Lake, which features 183 miles of shoreline along with over 29,600 acres of navigable waters that offer a multitude of activities.

    Unit interiors feature wood-look vinyl flooring, ceiling fans, brushed nickel fixtures, walk-in closets, a desk nook with cabinetry, private balconies and patios with storage, washer and dryer connections, and black appliance packages with microwaves. Exterior amenities include a resort-style swimming pool, fitness center, business center, clubhouse, theater, BBQ grilling area, and garages.

    Greysteel’s multifamily investment sales team in charge with the assignment is led by Boyan Radic, Doug Banerjee, Andrew Mueller, and Ryan Hill.

    “The Lakeshore is one of only two Class A developments in the City of Lake Dallas in the past 10 years and the design was done by award winning BGO Architects along with the landscaping designed by Meeks Design Group (MDG),” Doug Banerjee, Greysteel director, said. “This property will allow a new buyer to come in and acquire a brand new asset on the highly trafficked Swisher Road extremely close to Lewisville Lake, which makes it a very desirable location for years to come.”

  • C&W Finds Buyer for Villas at Pine Hills

    Multi-Housing News Online 30 Oct 2015 | 3:21 am

    By Balazs Szekely, Associate Editor

    Villas at Pine Hills

    Villas at Pine Hills

    The Villas at Pine Hills multifamily community was recently sold. SCR Properties 3 LLC closed on the acquisition of the 96-unit property in a transaction valued at $5.85 million. Executive Director Jay Ballard and Senior Director Ken Delvillar with Cushman & Wakefield represented the seller, Villas at Pine Hills Partnership.

    Located on a 16.5-acre site at 5249 Champagne Circle in Orlando, Villas at Pine Hills is surrounded by a densely populated garden suburb northwest of the city’s core. Ridgewood Park Elementary and the Maynard Evans High School are both within walking distance from the community, which also offers easy access to a number of shopping and dining destinations. Completed in 1984, the community comprises two-bedroom, two-bathroom duplexes measuring 980 square feet. Each unit features a private driveway, direct access garage, a fenced patio and washer and dryer connections.

    Photo credit: Cushman & Wakefield

  • Ad firm takes a second floor in midtown south building

    Real Estate Deal Watch - Crain's New York Business 28 Sep 2015 | 10:00 pm

    Midtown / Park Ave. South - Lowe & Partners Worldwide is doubling its space at 386 Park Ave. South a year and half after signing a deal to move into the building. The advertising firm is taking the...

    To view the full story, click the title link.

  • Upper West Side goes upscale with new caviar bar

    Real Estate Deal Watch - Crain's New York Business 22 Sep 2015 | 10:00 pm

    Upper West Side - A 14-year-old caviar purveyor is expanding. Olma Caviar Boutique & Bar, which operates a location at Todd English’s Plaza Hotel Food Hall, has signed on for its first freestanding...

    To view the full story, click the title link.

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