Elegran Edge
The Real Estate Blog

What is Elegran Edge? It’s the blog where we bring together the biggest and best stories from our neighborhood blogs and agent blogs. If it’s happening in Manhattan real estate, you can find it here.

Articles tagged with "Commercial Real Estate"

  • The Luxury Trend By Kamini Ramdeen | June 02, 2014

    “It smells like 2006,” said Peter Hauspurg, Chairman of Eastern Consolidated. 2006 was a time when the property sales market was full of inventory and prices were on the rise. According to the statistics, it looks like NYC is very much riding the second wave of that trend and coming back full-swing after the 2008 market crash, and there are many ways to interpret that trend.  

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  • The Trouble with Midtown East’s Rezoning By Bryan Gamble | October 28, 2013

    With the end of Mayor Bloomberg’s final term in sight, Mr. Bloomberg and his administration are pushing harder than ever to pass the rezoning of Midtown East. Despite a series of setbacks and revisions to the plan, the rezoning project was recently approved by the City Planning Commission and does have chance to pass. The deadline for final approval from the City Council, however, is quickly approaching and Bloomberg is having trouble passing this rezoning despite his previous 125 successful rezoning proposals.

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  • Illegal Iran-Operated Skyscraper in Midtown Seized by Feds By Bryan Gamble | September 24, 2013

    Following the seizure of properties linked to a massive Russian money laundering operation, the Southern District of New York has made a major move against another money laundering scheme in Manhattan. U.S District Judge Katherine B.

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  • Tech Explosion in Brooklyn: is BK the Next Silicon Valley? By Peter Black | September 18, 2013

    Brooklyn’s remarkable real estate boom has been the talk of the town for the last few years. Rents have risen dramatically as young professionals, hipsters and artists flee Manhattan—and fly in from Wyoming—in search of cheaper housing options. Their quirky little businesses have inevitably followed. Every Brooklyner must now wade through an endless swamp of artisan flatbread shops, organic coffee houses, and locally sourced tofu vendors just to get back to their roach infested, 2,000 a month studio apartment.

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  • A Chat With Elegran's Andrew Warren By Joel Bennett | July 11, 2013

    With Summer officially in full swing, we decided to talk with Elegran’s own Andrew Warren about a little more than just the weather. Fresh off of a big sale in Chelsea, he was happy to talk about one of his favorite neighborhoods and why it's only getting better.  

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  • SoHo Residents Try to Change Artist Residency Law By Andrea Garcia-Vargas | July 11, 2012

    Apartment residents of SoHo—particularly, the artists of SoHo—are teaming up to call attention to an artist-in-residence zoning law that has existed since 1971, but only in name. Enforcement measures, to say the least, have fallen short.

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  • Bloomberg Fast-Tracks Rezoning Plan for Grand Central By Daniel Muhlenberg | April 17, 2012

    In an attempt to stay competitive on an international level, Mayor Bloomberg’s administration is fast-tracking a transformative rezoning plan for the area around Grand Central Terminal. The proposed changes would apply to the area between Fifth and Third Avenues from East 39th Street all the way up to East 59th Street, and the plan would open the door to replacing older buildings with large, ultra-modern high-rises in Midtown Manhattan. Bloomberg feels that the area has become outdated – office buildings in the area are 68-years-old on average – and wants to encourage new construction projects that would fully modernize the district.

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  • Chinese Fund NY Property Market as Debt Crisis Sweeps Europeans Away By Gabrielle Hughes | March 23, 2012

    Last month, investors from China were called in to refinance the Mandarin Oriental, as investors backed by Switzerland’s Credit Suisse Group decided to withdraw mortgage loans on the Columbus Circle area hotel. Europe's ownership of New York real estate has been on a steady decline since the continent entered its financial crisis, and this recent loss has attributed to removing some of the last New York financiers.

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  • Upper West Side Pushes to Protect Local Commerce By Gabrielle Hughes | February 03, 2012

    With residents of New York City’s Upper West Side taking note of the neighborhood’s steady decline in retail diversity, government officials have issued zoning proposals to stall the expansion of large chain stores.

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  • From Tragedy Comes Community: Neighborhood Comes Together After Inwood Fire By Justin Spees | January 11, 2012

    Last Tuesday night, January 3rd, beginning around 11:00 PM, a fire broke out in a commercial building in Inwood on 4945 Broadway off 207th Street. Residents and nearby store workers came outside in the freezing cold to watch the fire blaze. According to a bartender at Piper’s Kilt, a bar across the street from the building, the FDNY arrived roughly ten minutes after the fire began. It took 138 firefighters almost 4 hours to put the fire out. Two firefighters suffered minor injuries.

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