People in Brooklyn are seeing red right now, and it’s not the red of a shiny new Apple. That’s because Apple, of the Steve Jobs’ variety, has not agreed to open a store in the Fulton Mall’s Business Improvement District. Lobbying for Attention Although Borough President Marty Markowitz has been lobbying Apple to come into…
Category Archives: Business
Millenium Hilton Says “Halt the Ground Zero Noise!”
You really can’t have it both ways…although the Millenium Hilton is doing its best to do so. That’s because the Hilton just filed suit against the construction at Ground Zero, claiming it is too loud. At the same time, they are marketing their proximity to the World Trade Center and certainly using every ounce of…
Two NYC Hotels Are Members of Small Luxury Hotels of the World
Business travelers and tourists alike should be clued into a great club called “Small Luxury Hotels of the World.” This club helps travelers find that perfect place to stay which is not overly large, but gives the kind of exclusive service of the best hotels in the world. Small Luxury Hotels of the World has…
FHA Loans in Today’s Real Estate Market
In today’s economic climate, especially in New York City, it can be a challenge for families to find a way to finance the purchase of a home. Fortunately for families feeling the pinch of difficult economic times Federal Housing Administration government-insured home loans can be the path towards home ownership which otherwise would have been…
New York Has Highest Closing Costs in the Nation
New York residents and real estate are undoubtedly aware that the state now has the highest mortgage closing costs in the US. Bankrate.com, the financial research company, has discovered that New York’s closing costs averaged $6,183 for a $200,000 mortgage. No.2 state Texas is lower by more than $1,200. People familiar with the state, its…
In New York City the Sidewalk is an Ad-Free Zone
In New York City the law is clear: No advertising on the sidewalk. In Section 19-138 of New York’s Administrative Code, the law states that it is “unlawful for any person to deface any street by painting, printing or writing thereon, or attaching thereto, in any manner, any advertisement or other printed matter.” Sacred Ground…
NYC Real Estate Update
Real estate in any US city is a big business, but in New York, it is especially big. One of the companies who knows this best is Halstead Property. With offices on Park Ave they are the largest residential real estate firm in the NY metropolitan area. Halstead Property boasts almost 900 sales and rental agents,…
Multifamily Housing Has Promising Future
Certainly, any time that growth is expected, especially after a few rough years, it’s good news for the real estate sector. At the moment, investors and business people are reporting that they expect the New York City Multifamily housing market to do well both in the short term and in the long term.Those in the…
Residential Housing Growth in New York City
In an article earlier this year in the Wall Street Journal, Dana Rubenstein reported that the real-estate group led by developer Douglas Durst would soon be building a $350 million skyscraper south of Herald Square. This project shows optimism in the real estate world, since it’s one of the first major private projects to get…
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