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real estate transactions Archives

Commercial real estate transactions in Lower Manhattan soaring

The lower part of Manhattan in New York recently had its most robust quarter of leasing activity in the past seven years. Office space spanning nearly two million square feet was leased in this part of Manhattan during this year's second quarter. Research shows that the sectors of information and media, technology, and advertising contributed to most of the real estate transactions.

Buyers' offers in real estate transactions may be rejected

Making an offer on a home in New York can be an exciting experience, especially when aspiring buyers feel that their offers are solid. However, excitement can quickly turn into disappointment if their offers end up being rejected. Here are a couple of reasons why would-be buyers may see their offers rejected as they embark on residential real estate transactions.

Real estate transactions involving vacant land can be lucrative

Purchasing commercial properties is certainly a wise way to invest one's money. However, these are not the only types of commercial real estate transactions that can be lucrative. A commonly ignored aspect of commercial real estate in New York and elsewhere is the purchase of vacant land.

Buyer may engage in real estate transactions ahead of competition

Purchasing a house in New York is very much like participating in a race. After a listing is live, buyers must quickly check it out and submit their offers for it as soon as possible, which can be challenging in a competitive housing market. Here are a few tips for engaging in real estate transactions involving homes that have not even hit the market officially yet.

More commercial real estate transactions may involve suburbia

Today's commercial property market continues to evolve. However, not everybody has managed to keep up. Those who fall under this category may unfortunately end up missing out on what the current market has to offer. Here is a look at an especially common myth regarding commercial real estate transactions today in New York and elsewhere in 2018.

Real estate transactions occurring quickly, at higher prices

Homes in New York and other parts of the United States are selling like hotcakes these days. In fact, research shows that, on average, they sold in only 54 days. In addition, the median listing price in residential real estate transactions was $299,000.

Real estate transactions involving leases can be dramatic in NYC

The commercial property landscape in New York will soon become livelier. After all, a live theater studio recently signed a lease that is set to last 15 years off of Broadway. This is one of the most dramatic real estate transactions involving leases to occur recently in the Big Apple.

Life science companies may complete more real estate transactions

Commercial space spanning nearly two million square feet in New York City is currently dedicated to the life science field, and all of this space is occupied. This is a sign that this industry is growing quickly in the Big Apple. In fact, New York is bracing itself for many more life science businesses interested in engaging in real estate transactions there.

New York real estate transactions may involve office condos

An office condominium was recently sold in New York City for $596 million. Apparently, Wells Fargo lent a total of $345 million to finance this real estate acquisition. These types of commercial real estate transactions can easily be lucrative for sellers in the short term and for buyers in the long term, depending on the circumstances of the sales.

More homebuyers may complete real estate transactions this summer

The coming summer season may offer something that many would-be homebuyers are eager to see -- more homes for sale. Research shows that the declines in inventory experienced in recent years are beginning to lose their momentum. This may be exciting news, especially for first-time homebuyers who are ready to take part in real estate transactions in New York.

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