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  • NOTABLE TRANSACTIONS: Soll Apartment property sold to New York investment group
    Investment Property

    NOTABLE TRANSACTIONS: Soll Apartment property sold to New York investment group

    November 10, 2022 /

    Wednesday, November 9, 2022 8:00 AM A New York investment group has purchased property in Des Moines that includes the Soll Apartments at 2301 Ingersoll Ave., Polk County real estate records show.  Spruce Properties, a New York City-based professional services firm that specializes in real estate and investment management, paid $32.87 million for the property, which includes 2.2 acres. Spruce Properties bought the property through an entity it manages, Soll Owner LLC. The property had been owned by 2301 Ingersoll LLC, an entity managed by Minnesota-based Roers Cos. The four-story, C-shaped building (pictured) includes 165 apartment units spread over…

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    Jerry Schmidt Comments Off on NOTABLE TRANSACTIONS: Soll Apartment property sold to New York investment group

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    Considering a Second Home or Investment Property? New Fees Could Make It More Expensive; Local Mortgage Lender Says Now’s the Time to Act

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    February 19, 2022

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  • ‘Faster than you can keep up’: the highs, lows, and hustle of NYC housing brokers | New York
    Real Estate News

    ‘Faster than you can keep up’: the highs, lows, and hustle of NYC housing brokers | New York

    August 22, 2022 /

    When Keyan Sanai moved to Manhattan and started working as a real estate broker in 2014, he was eating 12 to 15 cans of tuna a week to keep costs low. “I said to my friend, ‘My mouth tastes like a fistful of old pennies all the time,’” he says. After a doctor’s visit, he found out he had mercury poisoning. His first few years as a broker were rough. Working at a “boiler room” brokerage, he got acquainted with what he calls the “dark underbelly” of the industry. “The script is basically to lie to people: ‘Put up [an ad] that says ‘no fee’, and once you get ’em…

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    Jerry Schmidt Comments Off on ‘Faster than you can keep up’: the highs, lows, and hustle of NYC housing brokers | New York

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    Investors are pulling back from the housing market, Redfin says

    Investors are pulling back from the housing market, Redfin says

    February 17, 2023
    Toronto real estate is facing a significant downturn says CMHC

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    October 3, 2021
    US home price gains fall sharply in November as rising mortgage rates cool housing market

    US home price gains fall sharply in November as rising mortgage rates cool housing market

    January 4, 2023
  • He Runs a New York Real Estate Empire. Did He Steal It?
    Real Estate News

    He Runs a New York Real Estate Empire. Did He Steal It?

    July 25, 2022 /

    In excess of the earlier dozen many years, Sanford Solny has developed a New York actual estate empire, snatching up smaller residential properties throughout the city that churn out hundreds of countless numbers of pounds in hire. His portfolio would be enviable but for one thing — a lot of it, prosecutors and home owners contend, was stolen. In legal rates and lawsuits, they have accused him of fraud: supplying to support homeowners facing foreclosure by arranging to spend off their home loans, although essentially tricking them into signing more than their structures at discount-basement charges. In virtually every single circumstance, the house loan was under no circumstances paid out,…

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    Jerry Schmidt Comments Off on He Runs a New York Real Estate Empire. Did He Steal It?

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    Why This Billionaire Investor Is Aggressively Buying Income-Producing Properties

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    December 30, 2022
    The Real Estate Markets Seeing The Biggest Downturns In Home Prices And Property Values

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    November 6, 2022
    AI Won’t Spell The End Of Real Estate Agents. A Court Decision Will

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    March 9, 2023
  • Luxury real estate in LA, London and New York
    Luxury Real Estate

    Luxury real estate in LA, London and New York

    April 19, 2022 /

    Mod cons include a tennis court, pool, spa, gym, media room, gourmet kitchen and fire pit. It comes with four bedrooms and six bathrooms. Indoor-outdoor living at its finest.Credit:Zillow LA, California Prefer the bright lights of city living? But still with plenty of space? This palatial Los Angeles home, known as The Manor, is the ultimate entertainer’s residence, asking $US165 million ($221 million). It last traded for $US119.75 million in 2019, an LA record, and the block was once owned by singer Bing Crosby before the house was knocked down and rebuilt for late producer Aaron Spelling, the Los Angeles Times reports. The Manor has a string of famous past…

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    Jerry Schmidt Comments Off on Luxury real estate in LA, London and New York

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    Bronte, a Seaside Sydney Suburb, Offers Laid-Back Living and Luxury Properties

    Bronte, a Seaside Sydney Suburb, Offers Laid-Back Living and Luxury Properties

    May 9, 2022

    Forbes Global Properties Reveals Timely Luxury Trends in 2021 International Real Estate Report

    December 18, 2021

    ‘iBuyer’ buys into Richmond’s residential real estate scene

    October 29, 2021
  • New York elites are snatching up luxury real estate using a method that’s against many realtors’ code of ethics
    Real Estate News

    New York elites are snatching up luxury real estate using a method that’s against many realtors’ code of ethics

    March 3, 2022 /

    A superior increase condominium in Manhattan.Getty Pictures A lot more New Yorkers are getting off-market place properties, recognised as “whisper” listings. It really is a way for them to circumvent a limited, increasingly costly serious estate industry. Although it really is boosting NYC’s financial system, it’s also undermining good housing legal guidelines. In New York, men and women with the correct money and the suitable connections are getting authentic estate in advance of it goes on the current market. When so-referred to as “whisper,” “pocket,” or “off-market” gross sales usually are not new, they supply a major benefit at a time of minimal housing availability and outsized need — and…

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    Jerry Schmidt Comments Off on New York elites are snatching up luxury real estate using a method that’s against many realtors’ code of ethics

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    Zillow’s Shuttered Home-Flipping Business Lost $881 Million in 2021

    February 12, 2022

    The 1 mistake buyers should avoid in a hot real estate market

    January 16, 2022

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    November 29, 2021
  • Where Wealthy Russians Own Real Estate in New York City
    Real Estate News

    Where Wealthy Russians Own Real Estate in New York City

    March 1, 2022 /

    From left: Dmitry Rybolovlev, Roman Abramovich, Oleg Deripaska, Alexei Kuzmichev (Getty Images, iStock/Illustration by Steven Dilakian for The Authentic Offer) As Russia’s invasion of Ukraine nears the a single-7 days mark, phone calls are escalating for actions in opposition to oligarchs and their serious estate in the United States. A selection of rich Russians personal properties in New York Metropolis, however their use of trusts and shell businesses tends to make it quick to conceal them, in accordance to the New York Submit. Nevertheless, some of the authentic estate holdings of these wealthy individuals have turn into recognized and were mapped out by the tabloid. To be guaranteed, not all…

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    Jerry Schmidt Comments Off on Where Wealthy Russians Own Real Estate in New York City

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    How the Fed is ‘collapsing’ real estate activity with higher interest rates

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    January 13, 2023
    a Cautionary Tale for US Real-Estate Market

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    April 14, 2022
    Economists: A US housing recession has already arrived

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