Google’s $2.5B deal for Chelsea Market is second-largest ever in NYC

Google’s $2.5B deal for Chelsea Market is second-largest ever in NYC

Just call it Alphabet Alley. Google, whose parent company is now named Alphabet, is buying everyone’s favorite Chelsea Market from Jamestown for a price that sources say will hit — if not top — an astounding $2.5 billion. At that altitude, the deal will become the second-largest full single-asset sale ever in the Big Apple. The $2.8 billion sale of the GM Building in 2007 is No. 1. Google previously bought 111 Eighth Ave. in...

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The Annual Home Maintenance Checklist

The Annual Home Maintenance Checklist

Given the option, few of us would volunteer to spend a Sunday on a ladder pulling leaves out of a gutter. But when your home is your biggest investment, as it is for most Americans, maintaining it is a must. Home maintenance can feel like a daunting chore — particularly for a new homeowner who’s never seen a boiler up close, let alone drained one. But it doesn’t have to feel overwhelming. A home operates with the seasons, coming to...

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Global Stock of Investable Commercial Real Estate Stands at $27.5 Trillion

Global Stock of Investable Commercial Real Estate Stands at $27.5 Trillion

New York, London and Dallas are World’s Most ‘Liquid’ Markets in 2017 According to CBRE, Tokyo, New York and Los Angeles are the world’s largest commercial real estate investment markets, with the global stock of investable commercial real estate assets standing at $27.5 trillion. CBRE examined the relationship between city market size and capital flows into real estate for 122 cities around the world. The research found...

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Third of Agents Have Felt Unsafe on the Job

Third of Agents Have Felt Unsafe on the Job

September is REALTOR® Safety Month, and data from the National Association of REALTORS®’ recently released 2017 Member Safety Report shows that 38 percent of members have experienced a situation that made them fear for their personal safety or the safety of their personal information. Common situations that caused fear included open houses, vacant and model homes, properties that were unlocked or unsecured, and properties in remote...

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New York, NY Recently Sold Homes

New York, NY Recently Sold Homes

Recently Sold Homes in New York, NY have a median listing price of $2,116,000 and a price per square foot of $1,780. There are 20,686 active recently sold homes in New York, New York, which spend an average of 79 days on the market. Some of the hottest neighborhoods near New York, NY are Upper East Side, Midtown East, Upper West Side, Harlem. You may also be interested in recently sold homes in popular zip codes like 10022, 10065, or in...

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How do buyers and sellers spell relief? E-S-C-R-O-W

How do buyers and sellers spell relief? E-S-C-R-O-W

Where did the term “opening escrow” come from? Is it a box, like Pandora’s, that some person with a special designation has to open for your home sale to move forward? Does it require a magic wand or an Etch A Sketch? I’ve only been a Realtor since 2001, so I may have missed the origination of this reference. As far as I’ve ever known, opening escrow means sending the fully executed contract to the designated escrow company and waiting...

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