Real Estate News from November 2013

  • New York's Disappearing Movie Theaters By Peter Black | November 19, 2013

    NYC’s big screens have slowly faded away since the 1940’s, according to this map. There used to be over a hundred movie theaters in Manhattan; there are now less than twenty. And, amazingly, only one of these is located above 85th street.

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  • Back in the (Former) USSR: Promising New Development By Bryan Gamble | November 19, 2013

    Frankly, it can be a little repetitive talking about the Manhattan luxury real estate market and the number of mega-projects that are underway. So let’s shift gears a bit and look abroad to Moscow, where the Manhattan model’s effectiveness in recent years has helped foster a deal to expand Manhattan-style luxury to Moscow.

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  • Steiner Studios Media Campus Will Bring Hollywood to Brooklyn By Olivia Smedley | November 18, 2013

    If you thought Williamsburg was the end all be all of Brooklyn, you are sorely mistaken. Is the Barclays Center the most interesting example of progress in the borough? Think again. The Brooklyn Naval Yards and other developing areas are what’s hot these days. New York State has just thrown even more money at the Steiner Studios Media Campus project in the naval yards, bringing the total state help to $11.3 million dollars.

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  • Double Housing Bubble Trouble? By Bryan Gamble | November 18, 2013

    As 2013 comes to a close and fiscal figures are coming in, there is a lot of talk about the state of the U.S and global economy recovering, especially as related to real estate prices and mortgage interest rates. The apparent sharpness of the economic rebound, especially in the U.K, has been wholly unexpected and frankly alarming to many weary eyes watching for another 2008. In turn, we must ask what has people so cynical and whether or not this attitude is justified in late 2013.

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  • All Is Well: Dicaprio's New Wellness Pad By Peter Black | November 15, 2013

    Apparently the only thing more important to Leonardo Dicaprio than “going green” is “going well.” The environmentally conscious superstar—who has been probing NYC’s luxury condo-scape for the last several months—recently purchased a home at 66 East 11th Street in Greenwich Village.

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  • Caveat Ne Ultra Emptor: Ease-of-Purchase for Foreign Buyers By Bryan Gamble | November 15, 2013

    While it’s not news that New York City’s relatively cheap real estate prices are enticing a plethora of foreign buyers to the city, it is not very often that we get a look at just how this process works: how they become interested, why they go where they do and, perhaps most importantly, who oversees these deals.

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  • Is the Subway Prepared for Sandy #2? By Peter Black | November 14, 2013

    Over 5 million people ride the New York City Subway each day. It is the city’s circulatory system; without it, New York dies. Every hour the subway fails to run the MTA loses hundred of thousands of dollars, and the city loses millions of dollars. The entire economy of New York is rendered ineffective because people can’t get to and from work.

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  • Crowdfunding in the NYC Real Estate Market: The Next Big Thing? By Olivia Smedley | November 14, 2013

    iPod docks, lightbulbs, 3D printers, video games, movies, and theater troupes are just an example of the many things that are crowdfunded these days. It almost seems that any idea, project, or start up company can be brought to fruition in enough people believe in it enough to invest. Most of the the time it’s the underdog that needs that extra push from the public, but now, real estate big wigs are getting into the action.

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  • Questioning New York’s Future in a Post-Sandy World By Bryan Gamble | November 13, 2013

    It has been one year since Hurricane Sandy ravaged the Tri-State area and the struggle to rebuild and achieve a stable life still continues for many who lost their homes and businesses. With this somber anniversary, there is a new emphasis on protecting ourselves from future storms, which are likely to be even worse than Sandy.

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  • Queens is Movin' On Up: City Council Approves Hallets Point Project By Olivia Smedley | November 13, 2013

    Is Queens the new Manhattan? Most people would say it isn’t, but it sure is getting the all-star treatment. After much doubt and uncertainty, the $1 billion Hallets Point project looks like it will live to see completion. City lawmakers have just reached a last minute decision with councilman Peter Vallone Jr that will lead to a favorable vote on the development of Hallets Point.

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