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 "NYC Economy"

  • If I Had a Billion Dollars, I Could Buy Me a...City? By Samantha Brown | June 18, 2014

    Photo Courtesy of RedFin  

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  • The Makings of a Storm-Resilient City By Stephanie Fujihashi | May 01, 2014

    Photo courtesy of Bijark Ingels Group

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  • “Domestic Immigration” fuels record-breaking growth in NYC population By Stephanie Fujihashi | April 03, 2014

    It probably would not be an exaggeration to say that almost every American, at some point their lives, has fancied visiting New York City. The city is a pop culture icon in and of itself, not to mention that it is arguably the most often used stage in which plots for movies, sitcoms, and novels unfolds. Everyone, even those living in the most remote areas of the country, will usually know at least one lucky friend who had the chance to visit the Big Apple and return home with a I Love NY T-Shirt.

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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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  • Update: Mayor de Blasio Names Real Estate Related Cabinet Members By Kamini Ramdeen | March 21, 2014

    One message that has been on the mind of developers in NYC regarding Mayor de Blasio is the issue of affordable housing. De Blasio during his campaign had announced his support and his plan of creating over 200,000 units of affordable housing. This could be thought of as a rather lofty goal considering that under Bloomberg only 5,000 affordable units were created, and that was over a span of three-terms.

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  • NYC's Debacle: Affordable Housing By Kamini Ramdeen | 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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  • The Growing Billionaire Demographic in New York By Bryan Gamble | October 03, 2013

    The New York City luxury real estate market has been in a continuous upswing over the past several years and has reached unprecedented heights. This booming market is largely due to an influx of the rich, amounting to some 70 billionaires and 389,000 millionaires living in or owning property in New York.

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  • Ultra-Luxury: The Posh Future of NYC Real Estate By Peter Black | September 09, 2013

    Cash is flowing into New York City real estate. Or, more precisely, into New York City ultra-luxury real estate. Average condo prices in the Big Apple are now higher than they were pre-recession. For more than a decade, London's luxury apartments were the world's most coveted properities. Not anymore—it appears that Manhattan is once again the leader of the global real estate market. Eager investors are pumping massive amounts of cash into ultra-posh, ultra-luxury high-rises.

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  • Is Time Warner Westward-Bound? By Joel Bennett | July 22, 2013

    Earlier this month, Time Warner’s tentative plans for a mass exodus from its Midtown headquarters came to light after the media/entertainment giant entered exclusive talks with Related Construction. The deal hasn’t been officially inked yet, but the move would take the companies operations Westward to Hudson Yards. While it appears to be a win-win for both parties involved, the thought of empty skyscrapers in Midtown is a concern for some.

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  • Is The NYC Luxury Market A Bargain? By Janna Allen | April 26, 2013

    Earlier this morning, a music video by mayoral candidate Jimmy McMillan fell into my lap. McMillan, dressed in a dashing blue suit (complete with gloves and shined shoes) walks along NYC streets as a hypnotizing beat plays in the background. He begins rapping about the fact that rent is “Too damn high” and goes on to tackle political issues regarding education and wages.

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