NYC favors life-science workspaces over affordable housing

The growing need for affordable housing has generated interest in utilizing NYC’s Kips Bay site for residential development, but the Adams administration has declared the plan unviable. Continue reading

Harrison Polsky talks data-driven sales, market trends

Many clients may prioritize emotional connections when hunting for resale homes, but Polsky takes a deliberate, data-driven approach, focusing his team’s efforts on newly-built properties. Continue reading

Michael Jordan’s $14.8M mansion still unsold after 12 years on market

The NBA superstar’s Highland Park estate at 2700 Point Drive was first listed for $29 million in 2012. By 2014, the price had dropped to $16 million, and it is now on the market for $14.8 million.
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Maryland- and Canada-based real estate teams join eXp Realty

The addition of both The Bryce Hansen Team and The Maryland and Delaware Group follows eXp Realty’s acquisition of other top-performing teams this year, including Toronto-based Polsinello Team, which switched from RE/MAX in August, bringing 25 agents t… Continue reading

Nearly half of NYC’s out-of-state buyers come from these locations

Living in New York City remains undeniably expensive, with sale prices in some neighborhoods reaching $7.5 million, yet out-of-state buyers are still drawn to the city, according to “The New York Times.” Continue reading

Dorm decor goes luxe as students opt for high-end designers

The trend of parents and college students shopping at budget-friendly stores like Target and IKEA for DIY dorm decor may be fading as more students are turning to professional interior designers for their dorm rooms, The New York Times reported on Friday. Continue reading

Compass recruits Douglas Elliman agent, industry vet to Palm Beach

At Compass, Thor Brown will serve as director of luxury sales, while Sam Fingold will take on the role of luxury real estate advisor, according to South Florida Agent Magazine. Both will operate out of Compass’ Palm Beach Island office at 150 Worth Ave… Continue reading

New York’s Flatiron Building to be transformed into 60 luxury condos

The iconic Flatiron Building in Manhattan is set to undergo a transformation from outdated office spaces to luxury residences and retail, according to new building plans revealed earlier this week. Continue reading

First window-washing robot debuts in Manhattan, with more on the way

The Skyline Robotics robot will be tasked with maintaining the windows of a Durst Organization-owned 45-story Class A office tower on Sixth Avenue in New York City, it was announced this week. Continue reading

US homebuyer down payments reach new record, outpace prices

According to Redfin, the typical U.S. homebuyer’s down payment hit the highest level in over a decade, at 18.6 percent of the purchase price in June, up from 15 percent the previous year. Continue reading