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Home price growth continues to slow – Robert Khodadadian

Increasing evidence shows the housing market is finally slowing down. That doesn’t mean prices are coming down, though. The S&P CoreLogic Case-Shiller Index posted an 18 percent annual gain in June, a notable decline compared to the 19.9 percent fall in May. It was the third straight month of deceleration, meaning home price growth was less stark from the previous month. Prior to the spring, there hadn’t been any signs of deceleration since November. After

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. Cross Post, Home Page, Residential Real Estate, Case-Shiller, Home Prices, Housing Market The Real Deal New York Read More

Aby Rosen puts Church Missions House on market – Robert Khodadadian

RFR Realty’s Aby Rosen has put the Church Missions House back on the market. Rosen is looking to get $135 million for the six-story, 45,000-square-foot office property at 281 Park Avenue South, Curbed reported. The listing price for the landmarked building — which is familiar to Netflix watchers — comes to a staggering $3,000 per square foot. Real estate insiders may be as surprised about who holds the listing: Oren and Tal Alexander. The brothers

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, Aby Rosen, oren alexander, RFR Realty, Side, Tal Alexander The Real Deal New York Read More

West Village townhouse with $6M price cut snags priciest contract – Robert Khodadadian

An Italianate-style townhouse in the West Village traded atop Manhattan’s luxury market last week, despite a $6 million cut to its asking price. The townhouse at 17 West 9th Street asked nearly $14 million, down from $20 million when it was listed a year ago, according to Olshan Realty’s weekly report on residential properties in Manhattan asking $4 million or above. The five-story, 26-foot-wide home is configured as ground-floor commercial space with six rental 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 “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. Home Page, Residential Real Estate, donna olshan, Luxury Real Estate, olshan realty, Townhouses The Real Deal New York Read More

Editor’s note: In real estate’s rags-to-riches legends, uniquely American tales – Robert Khodadadian

It’s a tale of not-quite-rags to riches, followed by real estate rumbles.   In our cover story this month, we recount how billionaire Ben Ashkenazy got his precocious start in the business at the age of 17, when he reputedly did a $2 million deal for a shopping center in the Bronx.   As a youngster, the Israeli emigré traveled across the U.S. with his family in a van, staying in budget hotels with other

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, editor’s note The Real Deal New York Read More

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 “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, office market, recession, Remote Work The Real Deal New York Read More

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 “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. Development, Home Page, Chetrit Group, Extell Development, L + M Development Partners, Two Trees Management The Real Deal New York Read More

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 “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. Home Page, Politics, Commercial Real Estate, Community Housing Improvement Program, Evictions, Kathy Hochul The Real Deal New York Read More

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 “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. Construction, Home Page, construction accidents, Park Slope, scaffolding The Real Deal New York Read More

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 “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. Home Page, Residential Real Estate, compass, Technology The Real Deal New York Read More

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 “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, Downtown Brooklyn, Foreclosure, isaac hager The Real Deal New York Read More

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 “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, issue is live The Real Deal New York Read More