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Office index plummeting as recession fears grow – Robert Khodadadian

Office landlords are struggling under the rise of interest rates and remote work. Things could soon get worse. It’s already been a tough year for owners in the Office market. An index tracking shares of publicly traded Office owners has dropped 29 percent in the first two quarters of the year, the Wall Street Journal reported. That outpaced the 21 percent fall from the S&P 500 stock index. The pandemic-fueled increase in remote work is Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Office index plummeting as recession fears grow – Robert Khodadadian

Ranking New York’s most active developers – Robert Khodadadian

New York City sprang back to life in the spring of 2021, and its busiest builders were no exception. In the past year, the city’s 20 most active developers filed plans to build nearly 16 million square feet of projects across the five boroughs. Now, they face a whole new set of headwinds entering the second half of 2022.  Inflation, rising interest rates, an erratic stock market and fears of a recession have made it Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Ranking New York’s most active developers – Robert Khodadadian

Landlords bitten by program intended to feed them – Robert Khodadadian

When New York’s rent relief program launched early last summer, landlords saw a light at the end of the tunnel. For owners June and Lance Margolin, it had been eight months since they’d received a payment from the tenant renting an apartment in their Long Island home. The program, flush with $2.4 billion, promised to cover the tens of thousands of dollars their renter owed. A year later, those hopes have turned to despair. The Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Landlords bitten by program intended to feed them – Robert Khodadadian

Brooklyn DA charges scaffolding company in 2019 incident – Robert Khodadadian

A scaffolding firm and one of its foremen are facing charges three years after a construction incident that left a young woman with brain injuries. The Brooklyn District Attorney charged Silvercup Scaffolding and foreman Zeke Fagan with misdemeanor reckless endangerment and criminal mischief, The City reported. Both defendants are due back in court next month. For Silvercup, the potential consequences would include financial penalties. Fagan, however, could face up to a year in jail. Following Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Brooklyn DA charges scaffolding company in 2019 incident – Robert Khodadadian

Boutique brokerage LG Fairmont joins Compass – Robert Khodadadian

A boutique brokerage joined Compass last month, bringing its 60-person team to the brokerage giant. LG Fairmont is changing its name to LGF at Compass and will hand over a cut of its commissions to Compass, which will provide support staff and technology platforms, ancillary services the firm struggled to build out independently. The brokerage giant’s “brand will provide the highest yield on out-bound marketing,” LG Fairmont co-founder and CEO Aaron Graf said. The partnership Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Boutique brokerage LG Fairmont joins Compass – Robert Khodadadian

Fight over Isaac Hager’s Tillary Hotel getting ugly – Robert Khodadadian

Isaac Hager’s Cornell Realty is desperately seeking to keep the Tillary Hotel out of its lenders’ hands. Hager put the Downtown Brooklyn Hotel along with a Williamsburg Hotel site into bankruptcy in 2020 to halt a foreclosure by its mezzanine lender, Eli Tabak’s Bluestone Group. But now it’s worried about its senior lender, Ohana Real Estate, which entered the fray in January by buying debt on the Hotel from Madison Realty Capital. Cornell is asking Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Fight over Isaac Hager’s Tillary Hotel getting ugly – Robert Khodadadian

TRD’s July issue is live for subscribers! – Robert Khodadadian

The Real Deal’s July 2022 issue is live for subscribers and slated to hit your doorstep soon. This month, we have a plethora of profiles perfect for beach reading — six of them, to be exact. The TRD profile may be the pièce de résistance of our coverage, in terms of garnering both awards and page views, but more importantly offering both in-depth, comprehensive looks at the lives and histories behind the real estate industry’s Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading TRD’s July issue is live for subscribers! – Robert Khodadadian

Happy glamper: Tented Airbnb only miles from Hawaii volcano – Robert Khodadadian

An opportunity to camp under the Hawaiian stars is available on Airbnb for $70 a night. Try not to worry about the volcano a dozen miles away. The glamping tent in the village of Mountain View is available on both Airbnb and Glamping Hub, CNBC reported . The Airbnb is hosted by 28-year-old Kehau Hall, who has lived in the state almost her entire life. The tent is in Mountain View’s Glenwood neighborhood, about 12 Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Happy glamper: Tented Airbnb only miles from Hawaii volcano – Robert Khodadadian

Missile silo converted into apocalypse-ready home asking $550K – Robert Khodadadian

A converted missile silo is now an apocalypse-ready home. The underground bunker at 1200 Silo Lane in York, Nebraska once housed intercontinental ballistic missiles and was built to survive a nuclear attack, the New York Post reported. The mostly unfinished home, sitting on more than six acres, is asking $550,000. Built by the Army Corp of Engineers in 1962, at the beginning of the Cold War, the structure consists of a round, two-story residential structure Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Missile silo converted into apocalypse-ready home asking $550K – Robert Khodadadian

Don’t be cruel: Elvis childhood home back on auction block – Robert Khodadadian

It’s now or never for the lucky bidder who wants one of Elvis Presley’s childhood homes. Then again, that was the timing two years ago. The three-bedroom Mississippi home is up for auction two years after the pandemic scuttled a planned sale, the New York Post reported. Run by Rockhurst Auction, it will take place on Aug. 14 during Memphis’ Elvis Week celebration. The crooner lived at the home from 1943 to 1944, in what Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Don’t be cruel: Elvis childhood home back on auction block – Robert Khodadadian

Waterfront developments may be key to protecting Boston’s coast – Robert Khodadadian

Could Boston’s waterfront real estate projects be key to protecting the city’s coast? Developments along the Mystic River, Fort Point Channel and Dorchester Bay have scored city and state approval by using designs that help them cope with rising sea levels and storm surges that are expected to become a more severe threat, the Boston Globe reported. Critics say they aren’t convinced the projects will be enough to protect the city. “The water rises everywhere. Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Waterfront developments may be key to protecting Boston’s coast – Robert Khodadadian

Private Alaskan island that expands at low tide to ask $20M – Robert Khodadadian

A private island in Alaska that adds 12 acres at low tide will hit the market with an asking price of $20 million. The property in the Kenai Peninsula Borough in the state’s southwest is about 44 acres and expands to 56 acres, the Wall Street Journal reported. While Alaska has a number of private islands, one this large isn’t typical, one of the brokers said. “Based on my own experience, smaller islands from time Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Private Alaskan island that expands at low tide to ask $20M – Robert Khodadadian

Hong Kong’s priciest 2022 home fetches $111M – Robert Khodadadian

Of all that’s changed in Hong Kong in the quarter-century since China took over, home prices remain rock solid. Case in point: A six-bedroom mansion in Shouson Hill just sold for $111 million, a 2022 record, Bloomberg reported, citing a statement from co-developers Emperor International Holdings Ltd., C C Land, Mingfa Group and CSI Properties. The home spans 8,032 square feet and comes with a private garden, swimming pool and – a luxury in Hong Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Hong Kong’s priciest 2022 home fetches $111M – Robert Khodadadian

Investor Robert Gans files for bankruptcy to thwart Barnett, Eli Tabak – Robert Khodadadian

Robert Gans, owner of a prized Hell’s Kitchen assemblage with lucrative potential, has filed for bankruptcy protection. Circling above is one of the city’s top developers: Gary Barnett. The Chapter 11 bankruptcy, which Gans filed earlier this week, will shield his property from a foreclosure sale scheduled for September by an affiliate of Barnett’s Extell Development and its partner, Eli Tabak’s Bluestone Group. Gans’ bankruptcy was first reported by Crain’s. A limited liability company controlled Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Investor Robert Gans files for bankruptcy to thwart Barnett, Eli Tabak – Robert Khodadadian

NJ developer buys languishing project in Fairfield – Robert Khodadadian

A struggling development project next to the Metro-North station in Fairfield is ready to ramp up with a new developer. Accurate, a New Jersey-based developer, purchased the site for The Crossings at Fairfield Metro, CT Insider reported. Black Rock Realty was the seller. The price has not been disclosed. The 24-acre site has frontage on Ash Creek and approvals in place, so Accurate won’t have to start from scratch. The site has been approved for Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading NJ developer buys languishing project in Fairfield – Robert Khodadadian

Kohl’s looking to cash in on $8B real estate portfolio – Robert Khodadadian

Sale talks between Kohl’s and Franchise Group are off. A sale of Kohl’s massive real estate portfolio, however, may be on. The retailer said it is ending the exclusive negotiating period with Franchise Group for the business, instead continuing to operate as its own company. A Friday announcement on the move pointed to “reevaluating monetization opportunities for portions of the company’s real estate portfolio,” which is valued at $8 billion. Ditching its real estate in Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Kohl’s looking to cash in on $8B real estate portfolio – Robert Khodadadian

Bronx BP defies Nimbys on controversial Throggs Neck project – Robert Khodadadian

In one of her first major land use decisions as Bronx borough president, Vanessa Gibson has recommended approval of a controversial Throggs Neck rezoning. While her decision is only advisory, it paves the way for hundreds of new homes and indicates her willingness to work with developers. Gibson’s backing gives crucial political cover to the local City Council member to support the rezoning, which would allow for four projects by several local property owners and Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Bronx BP defies Nimbys on controversial Throggs Neck projectRobert Khodadadian

Fed up Chabad sues Sackman over unfinished condo – Robert Khodadadian

UPDATED July 1, 2022, 12:40 p.m.: Chabad Lubavitch has been praying for a resolution to its plight on the Upper West Side. Now it is putting its faith in the judicial system. David Slager’s PEY Realty, an entity created for the religious organization, sued an LLC of developer Sackman Enterprises over a delay in the delivery of a condo unit that PEY agreed to buy five years ago, PincusCo reported. The Chabad arm is demanding Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Fed up Chabad sues Sackman over unfinished condoRobert Khodadadian

Investor Frederick Rudd sells Ghislaine Maxwell’s former UES townhouse – Robert Khodadadian

Ghislaine Maxwell’s former Upper East Side townhouse has once again traded hands. Real estate investor Frederick Rudd and his wife Kim Greenberg have sold 116 East 65th Street to an undisclosed buyer for $16 million, according to public records filed June 29. It last asked $18 million, according to StreetEasy, and the deal was finalized May 20. The couple paid $15 million for the Lenox Hill townhouse in 2016. Rudd did not respond to requests Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Investor Frederick Rudd sells Ghislaine Maxwell’s former UES townhouse – Robert Khodadadian

Retail asking rents show signs of recovery – Robert Khodadadian

New York City’s Office occupancy this month hit its highest level since the pandemic, and the retail market appears to be on a similar road to recovery. The average asking rent in March increased 2.9 percent year over year, according to a quarterly retail report from Marcus & Millichap. The average asking rent in the city was $57.96 per square foot. Three of the four outer boroughs had average asking rents that exceeded year-end 2018 Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading retail asking rents show signs of recovery – Robert Khodadadian

HomeLight lays off a fifth of its workers, weeks after raising $60M – Robert Khodadadian

The recent string of real estate-industry layoffs continued Wednesday, with staffers at proptech unicorn HomeLight the latest victims. The San Francisco-based startup, which raised $60 million at a $1.7 billion valuation just two weeks ago, laid off 19 percent of its employees, Inman reported. In a LinkedIn Post, HomeLight said the cuts were aimed at making sure the company had sufficient capital “to operate independently, regardless of the environment or market around us.” The referral Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading HomeLight lays off a fifth of its workers, weeks after raising $60M – Robert Khodadadian

Sleuth seeking Kossoff victims’ money makes surprising discovery – Robert Khodadadian

A month after Mitchell Kossoff was sentenced to prison, the hunt for the millions of dollars he stole from landlords is heating up. The trustee overseeing the bankruptcy of Kossoff’s law firm has made some troubling findings as he tries to recover nearly $1.5 million of the $15 million the attorney pilfered. Trustee Albert Togut alleges that Valley National Bank helped the corrupt Kossoff by enabling a bizarre money triangle, according to a federal lawsuit Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Sleuth seeking Kossoff victims’ money makes surprising discovery – Robert Khodadadian

Berkshire Hathaway HomeServices wants to be a New York contender – Robert Khodadadian

Steven James and Brad Loe are looking to make Berkshire Hathaway HomeServices a New York brokerage player. James, president and CEO, and Loe, director of sales, were poached by HomeServices from top posts at Douglas Elliman in 2021 to grow the company’s brand in New York City, where it hasn’t cracked a place among the industry’s elite firms. The brokerage tied for 24th in The Real Deal’s brokerage rankings with $44 million across 30 deals Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Berkshire Hathaway HomeServices wants to be a New York contender – Robert Khodadadian

Judge voids Albany’s good cause eviction law; tenants abandon city-by-city push – Robert Khodadadian

Less than a year after Albany made history as the first New York municipality to pass good cause eviction, a state judge wiped it off the books. Although the ruling involved only the city of Albany’s legislation, it effectively stops the spread of good cause eviction laws across upstate localities — and could lead to more being nullified. The judge, Christine Ryba, found that the measure, known as Local Law F, conflicts with state laws Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Judge voids Albany’s good cause eviction law; tenants abandon city-by-city push – Robert Khodadadian

Expiring Soon: Get $25 off an annual TRD subscription (and one month for $1) – Robert Khodadadian

So, any plans this weekend? Keeping it simple in the Hamptons with a barbecue and fireworks at the summer house? Partying in South Beach? Maybe you’re dancing the night away in Ibiza, or sailing the seas of Mykonos. Wherever you find yourself this 4th of July, we’ll be there with you to celebrate America’s birthday — and keep you up to speed on all of its biggest and latest deals. It may be a three-day Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Expiring Soon: Get $25 off an annual TRD subscription (and one month for $1) – Robert Khodadadian

No joke: Amy Schumer strikes deal for “Moonstruck” home – Robert Khodadadian

Comedian Amy Schumer is likely over the moon after reportedly entering into contract to buy a Brooklyn Heights townhouse made famous by Cher. The “Life & Beth” star fell for the townhouse at 19 Cranberry Street that appeared in “Moonstruck,” the New York Post reported. While the contract has been signed, the deal doesn’t appear to have closed yet, so no purchase price has hit public records. The home was last listed for $11 million. Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading No joke: Amy Schumer strikes deal for “Moonstruck” homeRobert Khodadadian

Barack Obama blasts liberal NIMBYs – Robert Khodadadian

Unlike many issues, NIMBYism doesn’t adhere to party lines. But it’s rare for leaders to call out not-in-my-backyarders on their own side of the political spectrum. Barack Obama just did, blasting progressives’ role in the housing crisis. “The most liberal communities in the country aren’t that liberal when it comes to affordable housing,” the former president said during the American Institute of Architects Conference, according to Curbed. He cited “bipartisan resistance” to affordable housing development Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Barack Obama blasts liberal NIMBYs – Robert Khodadadian

Sky buys Greenwich Village mixed-use building in quiet week for i-sales – Robert Khodadadian

Last week was a quiet one for mid-market investment sales in New York City despite what has otherwise been a busy month of dealmaking. Four transactions involving commercial properties between $10 million and $40 million hit city records during the week. Three were completed in Manhattan and one in Brooklyn. Below is each transaction, ranked by dollar amount. 1. Frank Wong’s Wong Brothers Realty sold a warehouse and development building at 6201 6th Avenue in Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Sky buys Greenwich Village mixed-use building in quiet week for i-salesRobert Khodadadian

SL Green closes on Park Avenue office tower – Robert Khodadadian

Manhattan’s largest Office landlord has closed the deal on a major Park Avenue purchase. SL Green Realty closed on its $445 million buy of 450 Park Avenue, the company announced Wednesday. The Real Deal reported in March the landlord was in late-stage talks to buy the Plaza District Office tower. SL Green is taking a 25.1 percent interest in the property and will lead leasing and management on behalf of a partnership. The rest of Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading SL Green closes on Park Avenue Office tower – Robert Khodadadian

Say goodbye to another property tax break – Robert Khodadadian

While the industry fretted over 421a and good cause eviction in the final months of the legislative session, state lawmakers quietly let another real estate measure expire. The decades-old tax exemption program J-51, which incentivized landlords to renovate apartment buildings, dies today. To qualify, work needed to be completed no later than June 29. There was an effort to save the program — one that came closer to succeeding than the bid to rescue 421a. Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Say goodbye to another property tax break – Robert Khodadadian

Church seeks to escape hellish partnership with HFZ – Robert Khodadadian

Marble Collegiate Church thrived for nearly 400 years. Then it made a deal with HFZ Capital Group. The church partnered with the beleaguered New York City developer in 2013 to build a tower next to the church, in NoMad on the corner of West 29th Street. By late 2020, HFZ had defaulted on $205 million in loans and was engulfed in foreclosures and lawsuits. A year later, Vanbarton Group, the mezzanine lender, foreclosed on the Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Church seeks to escape hellish partnership with HFZ – Robert Khodadadian

Checkmate for Papaya King: Extell files demo plans on UES – Robert Khodadadian

 Hot dog connoisseurs aren’t relishing the likely loss of Upper East Side institution Papaya King. Gary Barnett’s Extell Development filed demolition plans for 171-179 East 86th Street, the Patch reported. The site is home to the flagship Papaya King, which has been serving up hot dogs at the location for nearly a century. The developer’s plans for the site are unknown, as it didn’t respond to requests for comments from the publication. The low-rise corner Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Checkmate for Papaya King: Extell files demo plans on UES – Robert Khodadadian

Pay rent, make bank: Stake pioneers cash rewards for renters – Robert Khodadadian

Stake, a fintech company that has developed a cash-back program for renters, raised $12 million in a Series A funding at an undisclosed valuation. RET Ventures led the oversubscribed round, which comes on the heels of the New York-based firm’s $4 million seed raise, led by Shadow Ventures, in September. Other Series A investors included Enterprise Community Partners, Hometeam Ventures, Operator Stack, Second Century Ventures and the National Association of Realtors’ investment arm. Shadow and Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Pay rent, make bank: Stake pioneers cash rewards for renters – Robert Khodadadian

REBNY, CoStar launch Citysnap listing portal – Robert Khodadadian

The Real Estate Board of New York, in partnership with CoStar Group, launched a long-awaited public portal for residential listings. Dubbed Citysnap, the platform is the first search site and app to feature all data from the RLS for both residential rentals and properties for sale. The service potentially fills a void: the confounding absence of a citywide multiple listing service. Previously, infighting between major firms dashed hopes for one. This time, New York City’s Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading REBNY, CoStar launch Citysnap listing portal – Robert Khodadadian

HUD secretary declares Miami “epicenter” of housing crisis – Robert Khodadadian

When U.S. Secretary for Housing and Urban Development Marcia Fudge wanted to get a grip on the nation’s housing crisis, she did not go to New York or San Francisco. Instead, she took her talons to South Beach. “I decided I was going to Miami, to the epicenter of the housing crisis in this country,” Fudge said during a tour of Related Group’s Liberty Square redevelopment project in Liberty City, according to the Miami Herald. Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading HUD secretary declares Miami “epicenter” of housing crisis – Robert Khodadadian

Judge OK’s Gowanus rezoning, calling opponents late and off base – Robert Khodadadian

A state court judge on Tuesday threw out a challenge to the Gowanus rezoning, giving local opponents two main reasons for the decision: You are late, and even if you weren’t, you have no case. Voice of Gowanus, Friends and Residents of Greater Gowanus and individuals in the Brooklyn neighborhood sued in February, alleging the city had not adequately considered the environmental consequences of the rezoning. It was their second lawsuit against the plan, which Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Judge OK’s Gowanus rezoning, calling opponents late and off base – Robert Khodadadian

Watermark Capital sells Holiday Inn in Chelsea for $80 million – Robert Khodadadian

Watermark Capital has found a taker for the struggling Holiday Inn in Chelsea. Two Kings Real Estate bought the 226-key Hotel from the Chicago-based investment firm for $80.3 million, according to city property records filed Tuesday. Two Kings principal Christopher Wang signed for the buyer. Brendan Medzigian, Watermark’s head of transactions, signed for the seller. Two Kings acquired the property at 125 West 26th Street for 30 percent less than the $113 million Watermark paid Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Watermark Capital sells Holiday Inn in Chelsea for $80 million – Robert Khodadadian

One of NYC’s widest townhouses sells for $53M – Robert Khodadadian

An Upper East Side townhouse said to be one of the widest in New York City has sold for more than $50 million. English antiques dealer Carlton Hobbs sold the home at 60 East 93rd Street for $52.5 million, the Wall Street Journal reported. Hobbs had been using the property as both a home and as a gallery, split about 30/70 in favor of commercial use. The home has a fascinating history, built in the Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading One of NYC’s widest townhouses sells for $53M – Robert Khodadadian

Real estate’s election winners and losers – Robert Khodadadian

The real estate industry watched nervously Tuesday night to see if moderate Democrats could hold off far-left insurgents in the state’s primary elections. For the most part, they did. The results will affect how Albany handles key real estate issues next year, including good cause eviction and the potential return of the property tax break 421a. For that reason, real estate players poured money into attacks against candidates backed by the Democratic Socialists of America Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Real estate’s election winners and losers – Robert Khodadadian

Short seller Chanos betting against data centers – Robert Khodadadian

Data centers may be quaking in their 0s and 1s after a major hedge fund manager revealed his big bet against legacy properties in the sector. Short seller Jim Chanos is raising hundreds of millions of dollars for a fund that will take short positions in U.S.-listed REITs, the Financial Times reported. Chanos, president and founder of Chanos & Company LP known for predicting the collapse of Enron more than 20 years ago, is using Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Short seller Chanos betting against data centers – Robert Khodadadian

Brokerage execs condemn SCOTUS ruling, pledge to cover abortion costs – Robert Khodadadian

A growing number of real estate brokerages have promised financial assistance to employees seeking abortions in states that restrict access to the procedure after the Supreme Court effectively overturned Roe v. Wade on Friday. Executives at Brown Harris Stevens, Compass and Serhant informed staff of the policy in the days following the ruling, mirroring a similar announcement from Douglas Elliman last week. In a memo to BHS employees Monday, CEO Bess Freedman called the ruling Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading brokerage execs condemn SCOTUS ruling, pledge to cover abortion costs – Robert Khodadadian

Entertainment boss revealed as Jon Bon Jovi’s Greenwich Village condo buyer – Robert Khodadadian

Who says you can’t go home? An entertainment boss might have an answer for Jon Bon Jovi after snapping up the rocker’s Greenwich Village condo. Creative Artists Agency co-founder and former Walt Disney Company president Michael Ovitz purchased the unit at 155 West 11th Street in February, the New York Post reported. Bon Jovi sold the unit for $22 million only weeks after putting it on the market. The New Jersey-born singer purchased the unit Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Entertainment boss revealed as Jon Bon Jovi’s Greenwich Village condo buyer – Robert Khodadadian

Friedland sues Zabar family in UWS dispute – Robert Khodadadian

The owners of the famed Zabar’s gourmet food store have left a sour taste with one developer, who is suing the family over an Upper West Side property. Friedland Properties filed a lawsuit against the owner of Zabar’s on Tuesday, the Commercial Observer reported. The lawsuit stems from a dispute over the future of 2231 Broadway, a five-story property across the street from the gourmet emporium. The partners purchased the property together as tenants-in-common in Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Friedland sues Zabar family in UWS dispute – Robert Khodadadian

First signs of rent frenzy ending – Robert Khodadadian

After months of soaring rents, firms tracking national apartment prices say national rent growth has slowed, an early sign of a cooling market. A recent report by rental platform Apartment List showed that in June, monthly rent growth for a median apartment — 1.3 percent — was the same as in May, marking the first time this year that it did not increase from one month to the next. Data from Zumper, another rental platform, Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading First signs of rent frenzy ending – Robert Khodadadian

Abe Leser’s ailing hospital deal revived for $160M – Robert Khodadadian

A moribund nine-figure deal for a Brooklyn medical facility has been resuscitated. Nursing home operator Allure Group bought the SUNY Downstate Medical Center in Bay Ridge for $160 million, public records show. Webster Bank, formerly Sterling National, provided a $122 million acquisition loan. But the transaction nearly died on the table because of a dispute between the seller, Abraham Leser’s Leser Group, and intermediary buyer Pearl Schwartz, a little-known dealer who flipped the contract to Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Abe Leser’s ailing hospital deal revived for $160M – Robert Khodadadian

Rent stabilization: dysfunctional by design – Robert Khodadadian

Landlords and tenants finally agree on something: Rent stabilization is broken and needs reform. But they are ignoring a larger truth: Price controls for housing haven’t worked, aren’t working and never will work. First, a disclaimer. This is not a rant against government programs. Inclusionary housing, where low-rent units are subsidized by market-rate ones, can work. So can publicly subsidized housing. But permanent rent stabilization in New York is not subsidized. Although supporters treat it Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Rent stabilization: dysfunctional by design – Robert Khodadadian

Nation’s highest-taxed office buildings are all in one neighborhood – Robert Khodadadian

With its long history and concentration of skyscrapers, Manhattan is home to 82 of the 100 highest-taxed Office buildings in the country, according to a new report. In fact, every one of the top 10 is in Midtown, the analysis by PropertyShark found. The list serves as a reminder that for all the headlines about the district becoming dated or losing tenants to Hudson Yards, it remains far and away the city’s and nation’s greatest Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Nation’s highest-taxed Office buildings are all in one neighborhood – Robert Khodadadian

Scarcity play: Hoboken apartments fetch $56M – Robert Khodadadian

It’s all about scarcity. A joint venture purchased a 99-unit multifamily complex in a tight New Jersey rental market for well over half a million dollars per apartment. The venture between Skylight Real Estate Partners and PCCP bought the Grand Adams complex at 300 Grand Street in Hoboken for $56.7 million, Jersey Digs reported. JLL Capital Markets arranged equity for the recapitalization. The deal works out to about $573,000 per unit. Bennat Berger, a founding Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Scarcity play: Hoboken apartments fetch $56M – Robert Khodadadian

Joe Sitt, Bert Dweck settle Madison Ave dispute with fashion house – Robert Khodadadian

A two-year legal dispute over an allegedly unreturned $360,000 security deposit has been settled. Yves Salomon came to terms Tuesday with Thor EquitiesJoe Sitt and Premier Equities’ Bert Dweck, ending a lawsuit in which the fashion house had accused them of keeping the deposit after its lease expired at 790 Madison Avenue. The lawsuit “is hereby discontinued with prejudice without costs to either party as against the other,” read a notice of discontinuance filed Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Joe Sitt, Bert Dweck settle Madison Ave dispute with fashion house – Robert Khodadadian

Hochul challengers bang pro-tenant drum before primary election – Robert Khodadadian

Democratic candidates for state Office seized the final 24 hours before the primary election to align themselves with a political zeitgeist — tenant protections against landlords. Gov. Kathy Hochul’s challengers took the opportunity to set themselves apart from the incumbent by portraying themselves as candidates for the people and not the property owners. Rep. Tom Suozzi, a Long Island centrist and Hochul’s closest competitor, appeared outside NYCHA’s downtown Manhattan headquarters Monday afternoon to bemoan the Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Hochul challengers bang pro-tenant drum before primary election – Robert Khodadadian

U.S. home price growth slows for first time in five months – Robert Khodadadian

Is the U.S. housing market finally slowing down? The latest report gives inconclusive answers. The S&P CoreLogic Case-Shiller Index posted a 20.4 percent annual gain in April, a slight drop from the 20.6 percent gain posted in March and the first time since November that annual price growth decelerated. The evidence of slowing price growth is far from clear, though. The 10-city composite, which measures the country’s 10 largest metro areas, increased 19.7 percent in Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading U.S. home price growth slows for first time in five months – Robert Khodadadian

IBM CEO: Only 60% of office workers will ever return full-time – Robert Khodadadian

IBM, which became one of America’s largest employers by staying ahead of the technological curve, revealed a new prediction this week: Remote work will endure long after the pandemic subsides. At the Aspen Ideas Festival on Monday, IBM CEO Arvind Krishna said that only 20 percent of the company’s employees were going into the Office at least three times a week, and that only about half will ever return to their desks more often than Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading IBM CEO: Only 60% of Office workers will ever return full-time – Robert Khodadadian

Hot rental market boosts NJ multifamily despite rate hikes – Robert Khodadadian

While soaring interest rates have doomed some commercial deals, multifamily brokers in New Jersey say demand is still strong enough for trades to happen without a discount. Marcus & Millichap associate David Ferber points to his $76 million Hudson County listing as an example. The 30-building, 319-unit portfolio concentrated in Jersey City with some properties in Bayonne is asking about $238,000 per unit. That’s 6 percent higher than the average sale price in late 2021, Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Hot rental market boosts NJ multifamily despite rate hikes – Robert Khodadadian

Black Spruce, Orbach strike NYC’s biggest multifamily deal of pandemic – Robert Khodadadian

Rising interest rates and a looming recession weren’t enough to deter Josh Gotlib’s Black Spruce Management from the city’s biggest multifamily deal since the start of the pandemic. Black Spruce and Orbach Affordable Housing Solutions have agreed to buy a six-building Upper East Side apartment portfolio for $1.75 billion, the Wall Street Journal reported. The buildings, which were not identified apart from 1 East River Place on East 72nd Street, comprise approximately 1,700 units, meaning Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Black Spruce, Orbach strike NYC’s biggest multifamily deal of pandemic – Robert Khodadadian

Future City: Flat is the new up – Robert Khodadadian

Three’s company HomeLight, a San Francisco-based proptech firm that facilitates contingency-free, cash transactions, bought the Denver-headquartered fintech Accept.inc — its third acquisition in as many years — making it the largest “agent-focused cash offer program” in the U.S. HomeLight said it used stock to purchase Accept, a self-described iLender that similarly facilitates cash offers for mortgage-ready buyers, but it did not disclose an equivalent dollar value for the deal. The company, which in early 2021 Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Future City: Flat is the new up – Robert Khodadadian

Developer nixes age restriction on 385 homes planned at elusive Elwood site – Robert Khodadadian

A Long Island-based developer is altering its plans for a large development parcel in Elwood after learning that locals weren’t jazzed about becoming neighbors with a nearly 400-condo retirement community. Last week, the Beechwood Organization submitted a modified proposal to the town of Huntington for its Country Pointe at Elwood project, Newsday reported, withdrawing an earlier plan put forth in April. The new proposal is much like the old one: The developer still intends to Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading developer nixes age restriction on 385 homes planned at elusive Elwood site – Robert Khodadadian

Industrious partners with Wolfson for 44K sf at Cunard Building – Robert Khodadadian

As Office landlords nervously watch tenants struggle to lure employees back to their desks, Industrious is continuing to expand. The co-working startup next month will open its 18th New York City location. The company is partnering with the Wolfson Group to open a 44,000-square-foot flex Office within the Cunard Building at 25 Broadway in the Financial District. The coworking space is expected to have more than 350 seats, the company said. The flex workspace provider Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Industrious partners with Wolfson for 44K sf at Cunard Building – Robert Khodadadian

Is innovation dead? These real estate disruptors say no – Robert Khodadadian

Innovation. Innovation, innovation, innovation. Did you feel that? As the word “innovation” has migrated from Silicon Valley into marketing materials worldwide, it may have entered the realm of triteness. The ex-buzzword triggers eye-rolling because of how much has been promised under its banner relative to what it has actually delivered. Few sectors love innovation as much as real estate. WeWork promised innovation of the Office (and later schools, apartments, banks and life itself); infused with Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Is innovation dead? These real estate disruptors say no – Robert Khodadadian

New Empire plans ambitious condo in quiet Woodside – Robert Khodadadian

New Empire Real Estate acquired a site in Woodside where it plans to build a 120-unit condominium, a rarity for the quiet Queens neighborhood. The New York-based development firm, led by Bentley Zhao, paid $16.2 million for a 19,000-square-foot corner lot at 58-01 Queens Boulevard occupied by Walgreens. New Empire is planning to build a mix of one-, and two-bedroom units with an average price of around $750,000, according to Zhao. construction is expected to Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading New Empire plans ambitious condo in quiet Woodside – Robert Khodadadian

See clear across Brooklyn, unclothed: Buyer claims $5M penthouse – Robert Khodadadian

If naked views of Brownstone Brooklyn and the Verrazzano Bridge are your thing, you just missed an opportunity at 11 Hoyt Street. And we do mean naked. A buyer just signed a deal at the Tishman Speyer condominium tower for penthouse E, where the featured bathroom offers those sweeping vistas. The asking price of $5 million was the second highest among the 26 Brooklyn homes to go into contract last week, according to Compass’ weekly Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading See clear across Brooklyn, unclothed: Buyer claims $5M penthouse – Robert Khodadadian

Rudin gets $415M refi for 3 Times Square makeover – Robert Khodadadian

The Rudin family secured a major financing deal for its renovation of 3 Times Square. A Group of lenders led by JPMorgan provided the $415 million refinancing, which Rudin Management will use to continue renovating the 30-story, 885,000-square-foot Midtown Office tower, which it co-owns with Thomson Reuters. The New York Post was first to report the deal. Bank of America and M&T Bank also took positions in the three-year, floating-rate loan, which comes with options Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Rudin gets $415M refi for 3 Times Square makeover – Robert Khodadadian

Bidding wars proliferate in rental market – Robert Khodadadian

Bidding wars for rentals are not new to New York City, where they have been increasingly common in recent months. But now other cities are seeing similar surges in competitions once left to home sales. Agents in cities including Chicago and Atlanta have seen an unprecedented volume of offers above asking rents, the Wall Street Journal reported. This has led to bidding wars as prospective tenants try to secure leases. Record home prices, low inventory Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Bidding wars proliferate in rental market – Robert Khodadadian

Fifth Ave co-op tops another slow week for Manhattan luxury contracts – Robert Khodadadian

As the broader housing market cools, demand for luxury Manhattan homes appears to have chilled, too. Just twenty contracts were signed last week for residential properties in the borough asking $4 million or above, according to Olshan Realty’s weekly report, which had been averaging 30 or more contracts a week from the start of 2021 through early May. Last week’s 20 deals — following a mere 12 contracts the week before, the lowest weekly total Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Fifth Ave co-op tops another slow week for Manhattan luxury contracts – Robert Khodadadian

“Paralysis” hits Manhattan home buyers – Robert Khodadadian

Buyers in the Manhattan housing market have lost their sense of urgency as a myriad of factors change the landscape. Agents and real estate experts have more caution among shoppers in the borough, Bloomberg reported. The reasons include a rise in mortgage rates and big drops in the stock market and cryptocurrency. While signs of a nationwide slowdown are beginning to appear, a particularity about the Manhattan market is the propensity of cash buyers, which Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading “Paralysis” hits Manhattan home buyers – Robert Khodadadian

How not to discriminate: Long Island Realtors launch fair housing effort – Robert Khodadadian

The Long Island Board of Realtors has launched a fair housing awareness campaign, two years after a probe found rampant discrimination by local agents. The effort, called “home to all of us: Committed to Delivering Fair Housing Across Long Island,” is basically a website at this point. The two-page site’s initial focus is source-of-income protections in New York state, though it will eventually cover a range of issues related to fair housing. The Board of Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading How not to discriminate: Long Island Realtors launch fair housing effort – Robert Khodadadian

Rumors fly regarding Cushman-Newmark merger: report – Robert Khodadadian

As Cushman & Wakefield and the Newmark Group continue to vie for the top spot in the commercial brokerage world, rumors are flying that the two behemoths could merge. Whispers of a potential merger made the rounds at last week’s Real Estate Board of New York gala, the New York Post reported. One source told the publication that the merge possibility “cratered a long time ago,” while another said talks are back on after they Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Rumors fly regarding Cushman-Newmark merger: report – Robert Khodadadian

Here are the elections for real estate to watch – Robert Khodadadian

In the final days of the legislative session, tenant advocates crowded outside the offices of state Senate and Assembly leaders, calling on the lawmakers to pass statewide good cause eviction. But the measure failed to move forward — another reminder that for real estate, elections matter. Tenant and environmental groups blamed the Assembly in particular for standing in the way of their legislative priorities, including good cause, the electrification of all new buildings in the Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Here are the elections for real estate to watch – Robert Khodadadian

Billionaires’ Row landlord fed up with outdoor dining – Robert Khodadadian

Some landlords have embraced outdoor dining to save their struggling tenants, but one Billionaires’ Row building owner is decidedly not a fan. The restaurants renting space at the Osborne have turned the landmarked apartment building into a “three-ring circus,” the owner declares in a lawsuit. The Open Restaurants program, which oversees New York City’s outdoor dining situation, provided a pandemic lifeline to as many as 12,500 restaurants, and the landlords — including many co-ops — Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Billionaires’ Row landlord fed up with outdoor dining – Robert Khodadadian

Nelson Management eyes $200M for BX apartments – Robert Khodadadian

Nelson Management and its partners are looking to sell a large multifamily portfolio in the Bronx for more than $200 million. The owners have put their Lafayette Boynton and Promenade Nelson apartment complexes, which count roughly 1,300 units combined, up for sale with a whisper price north of $200 million, The Real Deal has learned. The properties are covered by an agreement under the state’s Article XI program, which provides landlords an exemption on their Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Nelson Management eyes $200M for BX apartments – Robert Khodadadian

Tribeca triplex for sale after fetching $85,000 a month as a rental – Robert Khodadadian

A Tribeca triplex that rented for $85,000 a month has hit the market for $30 million. The penthouse at 1 North Moore Street comes with an outdoor pool, two outdoor grills and views of One World Trade Center, according to The Wall Street Journal. The 5,500-square-foot home has three bedrooms and three full bathrooms and a media room that can be converted into a fourth bedroom. It also has 2,200 square feet of outdoor space Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Tribeca triplex for sale after fetching $85,000 a month as a rental – Robert Khodadadian

Shaquille O’Neal trades big Florida home for smaller Texas one – Robert Khodadadian

Comparatively, he’s moving to a Shaq. NBA legend Shaquille O’Neal, who earlier this year sold his 35,000 square-foot mega-mansion in Florida after three years on the market, could be landing in a much smaller, five-bedroom, six-bath estate in the suburbs of Dallas. The New York Post is reporting the Hall-of-Famer most likely dunked down more than $1.244 million asking price for the home in Carrollton, considering how quickly it came and went from the seller’s Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Shaquille O’Neal trades big Florida home for smaller Texas one – Robert Khodadadian

Flame off: Country’s first “wildfire-prepared” home is completed – Robert Khodadadian

A roof made from material that is resistant to catching fire from embers. An eighth-inch mesh screen over vents in the attic. Clear gutters. At least 5 feet of space to the nearest combustible materials — including wood fencing. These are some of the parameters needed for a home to be designated as “wildfire-prepared” by the Insurance Institute for home and Business Safety. And those measures and others were taken into account during the construction Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Flame off: Country’s first “wildfire-prepared” home is completed – Robert Khodadadian

Hawaiian ranch next to Oprah hits market for $75M – Robert Khodadadian

 Talk about surf and turf! A 3,600-acre Hawaii ranch adjacent to land owned by Oprah Winfrey is up for sale. Hana Ranch is asking $75 million for the Maui ranch, one of Hawaii’s largest pieces of land for sale, the Wall Street Journal reported. The 37-parcel property has an 1,800-square-foot two-bedroom home, an Office, stables and a riding arena. It includes walking trails and eight acres of mature fruit orchards, including banana, breadfruit, citrus and Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Hawaiian ranch next to Oprah hits market for $75M – Robert Khodadadian

Home built by Johnny Cash on the market for $1.8M – Robert Khodadadian

Cash is accepted. A five-bedroom California home built by country music icon Johnny Cash in the 1960s has hit the market for $1.795 million. The Wall Street Journal is reporting the 4,500-square-foot house sits on about six acres in Casitas Springs in Ventura County, about 80 miles from Los Angeles. Cash bought the property with his first wife, Vivian, back in the ’60s, and built the ranch home, which has an in-ground pool in the Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading home built by Johnny Cash on the market for $1.8M – Robert Khodadadian

Rhinebeck farm once owned by mob boss lists for $1.5M – Robert Khodadadian

One mob boss was more interested in raising horses than using their remains to terrify a recalcitrant movie mogul. The 98-acre Rhinebeck horse farm once owned by Anthony “Fat Tony” Salerno, the late boss of New York’s Genovese crime family, has hit the market for $1.5 million. “Tony’s Horse Farm,” as the listing calls it, has pastoral mountain views, more than a mile of riding trails and an in-ground pool, making it a peaceful spot Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Rhinebeck farm once owned by mob boss lists for $1.5M – Robert Khodadadian

Some 40 million US homes at risk from extreme 2022 weather – Robert Khodadadian

A more extreme hurricane season than normal could inflict trillions of dollars of reconstruction cost on some 40 million U.S. homes, mostly in New York, Miami and the Gulf Coast. As many as 21 named storms, including 10 hurricanes, could hit the nation this year, property analytics firm CoreLogic said in its annual report, citing a forecast for the June-November hurricane season from the National Oceanic and Atmospheric Administration. The report analyzed hurricane, storm surge Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Some 40 million US homes at risk from extreme 2022 weather – Robert Khodadadian

Mammoth Maui cattle ranch hits market for $75M – Robert Khodadadian

Talk about surf and turf! A 3,600-acre cattle ranch on the shores of Maui is hitting the market for $75 million — making it the largest piece of land for sale in the tropical state. The Wall Street Journal is reporting that the property, known as Hana Ranch, is on the island’s eastern coast and is adjacent to nearly 100 acres of undeveloped land owned by media mogul Oprah Winfrey. A working ranch with more Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Mammoth Maui cattle ranch hits market for $75M – Robert Khodadadian

Life Time Group to manage 120,000 square feet of amenities at Brooklyn’s +1,000-foot tower – Robert Khodadadian

New York City’s tallest building outside Manhattan will have plenty of space to work out — and stretch out. The New York Post is reporting the recently opened, more than 1,000-foot-tall Brooklyn Tower has leased its more than two football fields worth of amenities space to Life Time Group Holdings, which will manage the pools, gyms and co-working spaces in the building. Long Island’s (yes, Brooklyn is located there) tallest tower, which uses a portion Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Life Time Group to manage 120,000 square feet of amenities at Brooklyn’s +1,000-foot tower – Robert Khodadadian

City dwellers who fled during pandemic didn’t move far away – Robert Khodadadian

Remember those pandemic-era tales of people fleeing cities to work at home in more agreeable surroundings? Turns out, they didn’t go far. While a full return to Office remains a distant prospect in cities like Chicago, New York and San Francisco, workers who left highly populated areas either stayed close to the city or just moved to another neighborhood, according to foot traffic analytics firm Placer.ai. “Many assumed that there would be mass exoduses from Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading City dwellers who fled during pandemic didn’t move far away – Robert Khodadadian

Moody’s chief economist says housing correction — but not crash — is on the way – Robert Khodadadian

Much higher mortgage rates will lead to lower housing prices in “juiced” markets such as Phoenix and Tucson in Arizona, the Carolinas, northeast Florida, and Boise, Idaho, but won’t end up crashing prices overall, a top economist predicted this week. Bloomberg is reporting that Mark Zandi, chief economist at Moody’s, made the prognosis during a housing policy summit in Washington, D.C. where he said a lack of mortgage defaults and distressed sales would keep prices Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Moody’s chief economist says housing correction — but not crash — is on the way – Robert Khodadadian

Dilapidated New York tuberculosis hospital, vacant since 1973, hits the market – Robert Khodadadian

A 31,000-square-foot tuberculosis hospital west of Saratoga Springs, abandoned since 1973 and wreathed in vines and graffiti, is on the market for $250,000 – three years after the owner bought it at auction for $55,000. Owner James Walk, a Texan, told the Times Union that he hopes to sell the Saratoga County Homestead in Providence, New York, to a local who could “give it the care it deserves.” He said the pandemic and travel restrictions Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Dilapidated New York tuberculosis hospital, vacant since 1973, hits the market – Robert Khodadadian

Elliman says it will cover abortion-related travel – Robert Khodadadian

Almost immediately after Friday’s bombshell Supreme Court ruling effectively overturned the federally guaranteed right to an abortion established by Roe v. Wade, corporations across the country began rolling out measures to support potentially impacted employees. That list now includes one of the nation’s largest residential brokerages. “Dear Elliman Family,” began a note from Howard Lorber and Scott Durkin, Douglas Elliman’s chairman and CEO respectively, “Douglas Elliman stands firmly behind women and their reproductive rights.” The Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Elliman says it will cover abortion-related travel – Robert Khodadadian

PHOTOS: 2022 REBNY Gala – Robert Khodadadian

The Post PHOTOS: 2022 REBNY Gala appeared first on The Real Deal New York. Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Commercial Real Estate, home Page, residential real estate, REBNY The Real Deal New York Read more

Peloton resorts to sublease at Hudson Commons – Robert Khodadadian

As Peloton gasps for air after a pandemic-fueled sprint, the fitness-media company is looking to sublease some of its pricey West Side office space. Represented by Newmark, Peloton listed 100,000 feet — about a third of its office space at Hudson Commons — to be subleased, Bisnow reported this week. The fitness company signed a lease for 312,000 square feet of office space at 441 Ninth Avenue in 2018, becoming Hudson Commons’ anchor tenant. Lyft Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Peloton resorts to sublease at Hudson Commons – Robert Khodadadian

At REBNY gala, Hochul pledges to “support” real estate – Robert Khodadadian

Just five days before the primary election, Gov. Kathy Hochul told a room full of schmoozing real estate professionals that her administration would push for measures to help them. “Next session, we’re going to make sure that we get the changes we need to support this industry because you create thousands of jobs, you give people their homes, you give places of business their homes, and I want to let you know we’re supportive and Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading At REBNY gala, Hochul pledges to “support” real estate – Robert Khodadadian

Times Square Old Navy to reopen after losing legal fight over rent – Robert Khodadadian

Shoppers will be able to return to a Times Square Old Navy store after waging a legal battle over the rent that ended in a victory for the landlord. The 31,000-square-foot store was shuttered in 2020 as the pandemic emptied the normally bustling district. Gap, which owns Old Navy, seized the opportunity to fight against paying rent in court but a judge decided in favor of the landlord — twice. The parent company and its Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Times Square Old Navy to reopen after losing legal fight over rent – Robert Khodadadian

Construction tech startups Alice, Join score new commitments – Robert Khodadadian

technology investors’ appetite for risk may be dwindling, but their interest in the construction tech niche seems to be on the rise. Startups Alice Technologies and Join secured new funding to bolster their respective efforts to solve one of the industry’s enduring problems — efficient project planning. Oakland-based Join secured $16 million in a Series A round led by SignalFire, with participation from Metaprop, Building Ventures, Ironspring Ventures and Standard Investments. And Menlo Park-based Alice Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading construction tech Startups Alice, Join score new commitments – Robert Khodadadian

On the front lines in Texas’ Ranch wars – Robert Khodadadian

When Covid arrived in March of 2020, third-generation Texas ranch broker Sam Middleton thought it meant a few weeks out of the Office. Then reality hit. A letter arrived from a buyer who was about to close on a $4.5 million property, terminating the deal and demanding the return of $250,000 in escrow. “It was when they shut down the Las Vegas strip,” Middleton said. “For about a month or six weeks, the phone just Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading On the front lines in Texas’ Ranch wars – Robert Khodadadian

To automate or customize? Brokerages split on social media ad formulas – Robert Khodadadian

Douglas Elliman recently jumped into adtech with the debut of AdPro, its in-house social media advertising platform. The tool, which allows brokers to design and Post their own listing ads before tracking engagement and demographics analytics, places Elliman somewhere in the middle of major brokerages’ approaches to providing brokers with tech to reach potential buyers. Brokerages fall into two different camps when it comes to their adtech, split between those that give brokers creative freedom Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading To automate or customize? Brokerages split on social media ad formulas – Robert Khodadadian

Yelp shuttering NYC, Chicago offices after eyeing subleases for remote – Robert Khodadadian

After two years of indecision over what to do with redundant office space, one major tech company has made its call: close up shop. Yelp, known for its online review platform, announced in a blog Post Thursday that it plans to close its offices in New York, Chicago and Washington, D.C. by July 29 “The future of work at Yelp is remote,” CEO Jeremy Stoppelman wrote in a letter posted online, pointing to greater employee Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Yelp shuttering NYC, Chicago offices after eyeing subleases for remote – Robert Khodadadian

Ranking Brooklyn, Queens condo pipeline hotspots – Robert Khodadadian

The following is a preview of one of the hundreds of data sets that will be available on TRD Pro — the one-stop real estate terminal that provides all the data and market information you need. Brooklyn and Queens have become the new frontier of condo development in New York City, attracting ever more investment in recent years to build increasingly luxurious offerings. The city’s two most populous boroughs have more than 22,000 condo units Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Ranking Brooklyn, Queens condo pipeline hotspots – Robert Khodadadian

On the dock-et: Shelter Island inn owner sues town – Robert Khodadadian

Aandrea Carter may be the new kid on the dock, but she isn’t letting Shelter Island dismantle her dreams. Carter is taking the town to court after the municipality tried to destroy the dock leading up to the Hotel she bought last year, Newsday reported. Carter purchased the 17-room Ram’s Head Inn, which includes a 110-seat restaurant, in part because visitors could arrive by boat. But town officials claimed the dock that served it was Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading On the dock-et: Shelter Island inn owner sues town – Robert Khodadadian

Carl Icahn goes to war against Rialto, CMBS servicers – Robert Khodadadian

Activist investor Carl Icahn has a new target — one that has long pestered short sellers and property owners: servicers of commercial mortgage-backed securities debt. Icahn’s funds are suing Rialto Capital Advisors, a prominent special servicer, for delaying the sale of a Nevada shopping center and allegedly siphoning millions of dollars from investors, according to a complaint. Icahn also alleges that Rialto manipulated appraisals to steer servicing decisions away from certain bondholders. The suit echoes Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Carl Icahn goes to war against Rialto, CMBS servicers – Robert Khodadadian

Brookfield hotel REIT sues insurers for denying pandemic claims – Robert Khodadadian

Hospitality Investors Trust, a Hotel investor bankrupted by the pandemic and taken over by Brookfield Property Group, is taking its insurers into court over Covid-related losses. The private REIT, which owns hotels branded by Hilton, Marriott and Hyatt, on Tuesday filed a lawsuit in New York against six insurers over a “sham investigation” meant to delay and deny up to $150 million in coverage “under a broad ‘all-risk’ commercial property insurance,” according to the complaint. Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Brookfield Hotel REIT sues insurers for denying pandemic claims – Robert Khodadadian

Tri-state deal roundup: King Kullen loses ground, Modell’s cavities filled – Robert Khodadadian

The tri-state area’s latest commercial activity includes a slew of retail and Office leases, shopping center sales and development disputes. Here is a sampling of the latest deals in New Jersey, Long Island and the northern suburbs. Rubenstein Partners and Vision Real Estate Partners have a massive tenant for their 820,000-square-foot complex in Warren, New Jersey. Biopharmaceutical company PTC Therapeutics signed a 360,000-square-foot lease at the Warren Corporate Center. The company will relocate from South Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Tri-state deal roundup: King Kullen loses ground, Modell’s cavities filled – Robert Khodadadian

Former Barney’s chair relists Manhattan penthouse with $7.5M price cut – Robert Khodadadian

Former hedge fund manager Richard Perry is on his second try to sell his penthouse at 1 Sutton Place South. The apartment, which was previously listed for $45 million through Sotheby’s International Realty, hit the market again today for $37.5 million with Official’s Tal Alexander . The unit was de-listed about six months ago. Its price was lowered to fit in “where the environment is today,” Alexander said. The five-bedroom apartment has 6.5 bathrooms and Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Former Barney’s chair relists Manhattan penthouse with $7.5M price cut – Robert Khodadadian

Home-flipping hits 22-year high, but profits narrow – Robert Khodadadian

home flippers are making more deals than ever. But they are making less money on each one. Nearly 115,000 home flips took place during the first three months of the year, accounting for 9.6 percent of home sales — the highest rate since at least the start of the century, a report by Attom found. In the previous quarter, flips only represented 6.9 percent of home sales. Flips’ market share has now increased for five Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading home-flipping hits 22-year high, but profits narrow – Robert Khodadadian

Saunders & Associates, Fortune International launch referral program – Robert Khodadadian

A Hamptons residential brokerage is looking to make waves with a new link to Miami. Saunders & Associates and Fortune International Group this week announced an alliance to refer clients between their respective markets. Both firms will remain independently owned and operated. Fortune CEO Edgardo Defortuna said the alliance provides the company “a direct reach into one of the wealthiest enclaves in the nation.” Fortune has delivered over 7,000 units and 9 million square feet Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Saunders & Associates, Fortune International launch referral program – Robert Khodadadian

Fruchthandlers sell Bronx multifamily properties for $169M – Robert Khodadadian

In one of the year’s biggest multifamily market deals in the Bronx, Ephraim and Eli Fruchthandler sold two buildings to Mendel Kaff for a combined $169 million, property records show. The Fruchtlanders’ Lineage Properties sold the multifamily buildings at 2001 Story Avenue in Unionport and 883 East 180th Street in West Farms for $105 million and $64 million, respectively. Crain’s reported the sales Tuesday. That’s a markup for Lineage, which spent roughly $132 million to Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading Fruchthandlers sell Bronx multifamily properties for $169M – Robert Khodadadian

In just a year, renting has become far cheaper than owning – Robert Khodadadian

The rising cost of owning a home is making renting more attractive than it has been in two decades, according to a new report. Owning a home in April cost $839 more per month than renting, an analysis by John Burns Real Estate Consulting found. A year earlier, the difference between the two was negligible. The differential between owning and renting is nearly $200 higher than at any point this century. The report calculated the Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or … Continue reading In just a year, renting has become far cheaper than owning – Robert Khodadadian

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