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 about "Economic Development"
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How Will The Federal Reserve's New Interest Rate Hike Affect the Real Estate Market?
By
Serena Horrigan
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December 16, 2015
The Federal Reserve just announced the first hike in interest rates since 2006. How will the increase affect the residential real estate market?
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Living in NYC: The Food Truck Debate
By
Kamini Ramdeen
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August 08, 2014
Jon Favreau's new film "Chef" is said to be shedding new interest into the food truck industry. Here in Manhattan we are no stranger to the local food truck. Food trucks have evolved in NYC from the classic ice-cream trucks to serving waffles topped with ice-cream butter and even lobster rolls from Maine. They’re conveniently parked right outside your building with a selection of artisan foods and provide quick no-hassle transactions.
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RealtyTrac’s False Housing Data Corrected by Jonathan Miller
By
Kamini Ramdeen
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May 27, 2014
(Right: Jonathan Miller, Left: Darren Blomquist) Recently, RealtyTrac had send out erroneous data about the all-cash housing market in Manhattan. The Washington Post reported that RealtyTrac’s data concluded that eight out of ten homes in Manhattan were bought with all cash, The Real Deal later picked up the same story. If you’re at all familiar with the Manhattan market these numbers seem a tad bit fishy.
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Buying Real Estate With Your IRA
By
Kamini Ramdeen
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May 20, 2014
IRAs can be more than just used for investing in the stock market. There are many options to diversify your assets within an IRA. Some of the forms can be energy, coins, copyrights, patents, boat slips, IPO stocks, and purchasing real estate.
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MANAR's Global Symposium: What You Missed
By
Kamini Ramdeen
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March 27, 2014
Recently, Elegran Edge had the chance to attend the Manhattan Association of Realtors (MANAR) Global Symposium. The symposium itself was held in the poorly lit but spacious McGraw Hill Conference Center on the Avenue of the Americas or simply Sixth Avenue.
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NYC's Debacle: Affordable Housing
By
Kamini Ramdeen
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March 13, 2014
Mayor de Blasio stated during his campaign that he intends to create a program that will develop 200,000 units of affordable housing over the next 10 years. The mayor’s housing team has a May 2014 deadline to formulate the plan to bring those 200,000 units into reality. The question knocking on everyone’s noggin is how is this possible if during Bloomberg’s three terms there were less than 5,000 units of affordable housing created. Not that there wasn’t a lot on the plate of our new mayor already, but will he able to live up to his goal?
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What's Ahead in NYC Real Estate: 2014 Edition
By
Ryan Daley
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January 01, 2014
2013 has proven a banner year for New York City real estate, with housing prices nearing pre-recession levels and a multitude of high profile developments drawing buyers from around the world.
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Queen's Mega-Project Approved: Willet's Point
By
Peter Black
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October 21, 2013
Yesterday, the City Council approved yet another mammoth mega-project in Queens: Willet’s Point. This desolate tract of concrete wasteland—which is bounded by the Flushing River and Citi Stadium—will be turned into $3 billion mixed-use urban conglomeration.
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Tribeca: Where It Came From And Where It's Going
By
Peter Black
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October 18, 2013
Tribeca rents are the highest in the country. A cornucopia of America’s rich, famous, and powerful own homes in the neighborhood, including Jay Z, Derek Jeter, Scarlett Johansson, Jon Stewart, and Meryl Streep.
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NYC's Retail Revolution
By
Peter Black
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October 01, 2013
New York City’s absurd residential rents are, unsurprisingly, matched only by New York City’s absurd retail rents. Exuberant costs are to be expected in the Big Apple. However, the current numbers are sure to make even the most seasoned Gotham locksmith or barber tremble with fear (or perhaps anger).
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