Long Island home buyers are rushing to close deals, giving the housing market its fastest start to the year since the housing boom of more than a decade ago, a new report shows. Across the Island, excluding the East End, homes sold in the first quarter of 2018 spent an average of 84 days on the market, from the listing date to the signing of a sale contract, the appraisal company Miller Samuel and brokerage Douglas Elliman said in a report to be released Thursday. That’s down 14 days from a year earlier, the report shows. Many homes sell much more quickly. A four-bedroom home in Melville went on the market earlier this month for $549,000 and attracted a full-price offer within four days, said Roberta Feuerstein, an associate broker with Douglas Elliman who represented the seller. Two days after receiving the offer, Feuerstein hosted an open house that drew more than 30 prospective buyers. “I had people lined up in the cul-de-sac to see the home,” she said. … [Read more...] about Hot real estate market: Long Islanders are rushing to close deals
Leading real estate
Leading New York Real Estate Transactional Lawyer, Diana Brummer, Joins Goodwin
NEW YORK--(BUSINESS WIRE)--Apr 20, 2018--Global 50 law firm Goodwin announced today that Diana Brummer joined the firm’s Real Estate Industry Group as a partner in its New York office.Highly regarded within the real estate community, Brummer’s experience spans the spectrum of commercial real estate transactions with a particular emphasis on complex joint ventures, senior, construction and mezzanine financings (for both lenders and borrowers), acquisitions and dispositions, loan workouts, real estate recapitalizations and development. She also has considerable experience acting for institutional investors, pension funds, private real estate funds and public and private REITs, as well as their investment advisors.“New York continues to be one of the most vibrant destinations for commercial real estate transactions and a priority market for us in terms of shaping our capabilities to meet our clients’ evolving needs,” said Minta Kay, Partner and Chair of … [Read more...] about Leading New York Real Estate Transactional Lawyer, Diana Brummer, Joins Goodwin
SoftBank’s Futuristic Vision Fund Takes on the Real (Estate) World
In the last two months Michael Marks has turned down a dozen offers to make keynote speeches at conferences. His company, construction startup Katerra, is three years old, but the attention surge is very recent. “Construction technology has gotten kinda buzzy,” he says. That may be. But more likely, interest in Katerra has spiked because in January, the company landed an astounding $867 million in venture funding led by the SoftBank Vision Fund. A deal of that size, led by the venture industry’s most talked-about fund, will put a company on the map overnight. Marks had been planning to raise around $500 million, but in a pattern that’s become familiar, once SoftBank got involved, everything got bigger. The SoftBank Vision Fund—a source of fascination and fear among rival venture investors—is known for its investments in cutting-edge technology. But now it’s making a big bet on one of the stodgiest industries around—real estate. The $93 … [Read more...] about SoftBank’s Futuristic Vision Fund Takes on the Real (Estate) World
Real estate in the world’s 2 biggest financial centres is stalling
Will Martin, provided by Published 12:53 am, Thursday, April 12, 2018 Reuters/Toby Melville Big cities on both sides of the Atlantic are witnessing worrying signs in their property markets as prices for both renting and buying fall. In London, the balance of prices is now -47%, meaning that almost half of property surveyors expect a fall in value. While in New York, rents fell their most in almost seven years in March, signalling weakening prices in the American financial hub. Recommended Video: Now Playing: In a move which could change the future of space travel, billionaire businessman Elon Musk has successfully launched the world's most powerful rocket. The centre booster rocket slammed into the Atlantic later at nearly 500 kilometes an hour . Musk said he was relieved the launch had gone well. "Incredibly proud of the SpaceX team, they've done an incredible job of creating well really the most advanced rocket in the world, the biggest rocket in the … [Read more...] about Real estate in the world’s 2 biggest financial centres is stalling
Children get free swim lessons for every home sold by local real estate company
TREASURE ISLAND, Fla. — A local real estate company plans to donate swim lessons for every home sold."It's a $500 contribution that we make per every closing regardless of the sale price of the house," said Hendrik Bisanz, Broker with Seasalt Properties.Seasalt Properties will donate every time they sell a property to Water Smart Tot.Each donation will allow one child to receive free swim lessons."We are a local company and we thought about giving back locally so I figured water is our element. I knew that drowning in America is a serious issue," said Hendrik Bisanz, Broker with Seasalt Properties.Drowning is the leading cause of death in Florida for children under the age of 4.Water Smart Tots, a non-profit, has provided life-saving lessons around the water to more than 200 children in Hillsborough County. The non-profit helps families struggling financially."We've awarded scholarships to a little more than 200 children and the lessons are valued at over $40,000 dollars," said … [Read more...] about Children get free swim lessons for every home sold by local real estate company