New York Real Estate Journal

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A brief history of Harlem and its real estate from the 1637 Dutch settlement through today

Harlem. The name conjures different images depending on who mentions the name. The first European settlement in what is now Harlem was by Dutch settlers in 1637. The settlement was formalized in the 1600s as Nieuw Haarlem (New Haarlem), after the Dutch city of Haarlem, under leadership of Peter Stuyvesant. The English took control of the new Netherland colony and anglicized the name of the town to Harlem. Harlem was "a synonym for elegant living through a good part of the nineteenth century." ...

What is the current state of the Long Island commercial real estate market?

What is the state of the current Long Island commercial real estate market? Who better to ask than the people who are immersed in the market seven days a week, 365 days a year? American Investment Properties is one of Long Island's premiere brokerages. Our most recent transactions have contributed to the overall view of the current market. Our most recent deals have transcended current market conditions and have proven that a good broker can overcome economical factors.
In recent months, ...

Mid-market buildings in New York City are proving resilient in today's economic marketplace

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Recent headlines have been selling a good portion of gloom and doom regarding the United States real estate market, but it's important to note that a large portion of these articles refer specifically to two sectors:
1. The housing crisis across the nation, much of which resulted from sub-prime lending and predatory lending.
2. Class A office buildings, which most often involve mezzanine financing and complex debt structures consisting of short term variable debt and heightened exposure ...

BRIC houses and beyond: Luxury and affordable chic find new strongholds in New York City's market

Despite dismal economic forecasts, certain retail sectors are hitting new heights, particularly among the ultra-luxury or "luxe" fashion brands such as Versace and Giorgio Armani and retailers like Bergdorf Goodman. The other retail sector holding its own in the fashion world is "affordable chic." And in an interesting twist, the two sectors have been morphing in unprecedented ways. A paradigm reflective of this trend is the "luxe" shopper wearing $48 capri pants from H&M, power walking ...

The benefits and unique requirements of executing a short sale in today's real estate market

The real estate industry in general throughout the U.S. is facing difficult and challenging financial situations. Because of the fact that many American homeowners are unable to afford the mortgages they entered into at the time they purchased their homes, those homeowners are now facing foreclosure actions brought by the lender. Generally speaking, a foreclosure action is brought by the lender if the owner/mortgagor is currently in default under the terms of that mortgage; which generally ...

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