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 "International Buyers"

  • Panoramic View of Midtown and Empire State  Building New Bill Would Bolster International Investment In NYC By Serena Horrigan | May 08, 2015

    International investment in New York City real estate could surge if amendments are made to a current federal law.

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  • Porsche Tower Rendering Branded Condos Spell Ultra-Luxe By Ilana Yoneshige | April 24, 2015

    Developers are using trusted brand names to perpetuate condominium sales.

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  • MANAR's Global Symposium: What You Missed By Kamini Ramdeen | 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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  • International Buyers Set New Highs In NYC By Jonathan Tuason | March 10, 2014

    Over the last year, international investors, mostly from China, Canada, and the UAE, bought out $5.5 billion in Manhattan office space.  This marks a new high for foreign investment in commercial real estate in the city, and a marked increase over the previous $3 billion peak in 2007.

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  • Bastille Day Celebrations in New York By Clemence Fontaine | July 12, 2013

    Only thirteen years after we claimed our independence from the British, the French copied us and had their own revolution in 1789, with the storming of the Bastille. French uprose against the royal government, taking the monarchy down and declared their independence.

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  • 432 Park Avenue Will Now Have Two Penthouses By Aby Thomas | July 11, 2013

    Image Courtesy of DBOX for CIM Group & Macklowe Properties 432 Park Avenue just can’t seem to stay out of the news. The 1,396-foot tall tower, which first hit the deadlines for being the tallest residential building that is currently being constructed in New York City, caused quite a stir in the city’s real estate sector when it announced that it was putting out its top floor penthouse on the market with a price tag of $95 million. The buzz about the building then continued when that same penthouse reportedly got into contract for the full asking price. But now, the developers have gone ahead and one-upped themselves—there’s now going to be a second penthouse in the Rafael Vinoly-designed tower.

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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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  • Elegran's Michelle Piwko To Appear On Million Dollar Listing New York By Aby Thomas | May 08, 2013

    Photo by Ettore Lo lacono, Imagofair Photography Since she is one of Elegran’s top agents, we weren’t really surprised to hear that Michelle Piwko is soon going to be featured in an episode of the popular TV show Million Dollar Listing New York. Michelle, who is also a member of the New York Bar, has been catering to a very upscale client set during her time at Elegran, and her skills in luxury sales certainly came in handy when working with the likes of Ryan Serhant and Fredrik Eklund on the show. We chatted with Michelle to find out about her experience in the show, and when we can see her on the small screen. Excerpts from the interview:

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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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