Real Estate News from June 2013

  • Hey, New Yorkers: It's time to De-Clutter By Shwetha Ravishankar | June 28, 2013

    Living in one of the most expensive cities in the world and one of the fashion capitals in the world, comes with its perks, pains, and pressure too. Just the other day you visited your buddy’s loft, in the uber-cool neighborhood of Chelsea, and wondered OMG how does he live in this cramped space? I’m sure your apartment on the Upper East Side or SoHo is no different.

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  • With DOMA Struck Down, Even Real Estate Gets Better for Married Gay Couples By Aby Thomas | June 28, 2013

    It was a historic moment for gay rights in the United States when the Supreme Court on Wednesday declared the Defense of Marriage Act to be unconstitutional and ruled to grant married gay couples the same federal benefits as married straight couples. Besides giving married gay couples the validation and dignity they have long been campaigning for, the Supreme Court ruling now gives them access to a number of federal benefits, which include immigration rights, Social Security survivor benefits and real estate tax exemptions as well.

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  • Duplex Penthouse at 56 Leonard in Contract for $47 Million By Aby Thomas | June 27, 2013

    When New York City’s real estate sector learnt that the penthouse at 56 Leonard Street in Tribeca had been listed for $50 million, there were many who had scoffed at the glass tower’s ability to command such a price in Downtown Manhattan. After all, the 820-foot tall building had been the subject of much debate in the recent past—be it the steep prices of the homes here, or its avant-garde, Jenga-like architecture, there has been a lot of love and criticism leveled at 56 Leonard.

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  • How One Brooklyn Start-Up is Revolutionizing the Street Sign By Nikki Hess | June 27, 2013

    Hungry for new technology? Chew on this: Breakfast, a multifaceted, Brooklyn-based company, has designed and built a revolutionary new street sign known as Points that quite literally points you in the direction of whatever it is you're craving. The start-up, which aims to create a link between the online world and the real world, specializes in combining custom robotics with superior design, enhanced digital experiences, and "[good] ol' fashioned fun" to create the products of the future. To learn more about Points and what goes on behind the scenes at Breakfast, we spoke with one of the company's co-founders, Michael Lipton, about their latest innovation.

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  • Midtown Gets a Makeover By Clemence Fontaine | June 26, 2013

    As Michael Bloomberg’s mandate is coming to term on November 5th, it is time for him to push through his last projects - one of the most important being the rezoning of Midtown. Indeed, Midtown East is ageing, most of its constructions are around 70 years old, with low floor-to-ceiling heights and numerous interior columns, they are not fit for office purposes. The Department of City Council has been working on the project for two years and their desire to rejuvenate the 73-block area surrounding Grand Central Station is now official. 

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  • The Canadians Are Coming… for American Real Estate! By Aby Thomas | June 26, 2013

    Their nationality may be the target of many a joke when they are in the United States, but Canadians seem to be having the last laugh now—at least from the perspective of American real estate. While it is no secret that international buyers account for a huge chunk of real estate sales in America ($82.5 billion, to be precise), it’s interesting to note that our neighbors to the north are the majority in that elite group of foreign investors—the National Association of Realtors says that Canadians make for 24 percent of all international sales in the American real estate market.

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  • Charging New York City: 6 Phones at a Time By Rafael Paredes | June 25, 2013

    There’s nothing more frustrating than having your phone run out of battery while you’re in the middle of spending time with loved ones around the city. But fear no more! A joint venture between New York City and AT&T has lead to the development and implementation of charge stations that will allow people to charge their phones on the go (you still have to stay at the station of course). Capable of charging 6 phones at one time, this will allow adventurers to worry less about the battery life on their device and more about enjoying the moment.

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  • NYC Keeping Up With Global Meccas? By Clemence Fontaine | June 25, 2013

    The luxury housing market is not expected to decrease any time soon, as a matter of fact it has grown much faster than mainstream housing markets. This phenomenon was witnessed in the aftermath of the financial crisis in 2008, when global financial markets and investments were found to be too volatile - real estate turned out to be a “safe haven” for international buyers. 

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  • Harlem Seeds Shakes The Neighborhood By Clemence Fontaine | June 24, 2013

    Constantly attempting to reduce its energy consumption and improve life quality, New York is making a great number of improvements in order to become a greener place for its residents. CitiBike has been one of the biggest innovations of these past years, though some of other happenings have been less advertised but are just as noteworthy. Harlem Seeds for instance is an association dedicated to educate its neighborhood towards healthy food options. 

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  • Seth Pinsky: Growing a City During a Drought By Joel Bennett | June 24, 2013

    With November looming on the horizon, much is being said about Michael Bloomberg’s rollercoaster Mayoral stint. After inheriting a city in post-9/11 shock, he helped guide New York through its most trying times in recent history. Seth Pinsky, selected by Mayor Bloomberg as President of the New York City Economic Development Corporation, was an integral part of what can safely be considered a restructuring machine – a man who can make the best of an unfortunate turn.

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