Million Dollar Listing LA

Is bigger always better in real estate? This week, the brokers of “Million Dollar Listing Los Angeles” find out that may not always be the case.

One of the biggest listings of Josh Altman’s career is causing a big headache in h上海贵族宝贝论坛 上海贵族宝贝is personal life. Josh Flagg’s Rolls Royce and Rolex aren’t helping him sell a home in the Valley, while James Harris and David Parnes come to find that sometimes two listings aren’t better than one.

Here’s where we left off.

Baby blues
It looks like around-the-clock phone calls and pesky persistence actually impressed the sellers Eric and Ann, who ultimately acquiesce and award the Altman brothers the listing for Dovetail in Bradbury Estates. There is a condition, however. Josh and Matt must make themselves available 24/7 to do showings and field calls, complaints, questions and all of those fun things. Josh promises this won’t be a problem, which doesn’t sit well with his wife Heather, who’s going to give birth, like yesterday.

“I’m very happy to you and Matt got this listing, but I wanted you to do it on realistic terms,” she tells him. “This is so frustrating that you put this before us.”

Heather doesn’t have the time or patience to explain the importance of their unborn child. She’s off to meet Madison to iron things out before her life changes forever. The pair used to be close, until Heather co-listed a property with Josh and was unceremoniously fired by Madison over the phone. Madison said this was because he was emotional and afraid he was losing her. Six years later, they’re ready to bury the hatchet. Madison apologizes for cutting her out of his life, and Heather apologizes for throwing champagne on him.

“I think in protecting myself, I was hurting you more,” Madison says.

Heather receives a long-awaited apology

While Heather and Madison repair their friendship, Josh turns all of his attention to Dovetail. He knows everything must go right, which is why everything seems to go wrong. Upon arriving to the first open house, Josh and Matt find out that the event hasn’t been posted to the local caravan me上海龙凤论坛 新上海贵族宝贝论坛aning brokers in the neighborhood aren’t informed of the Nutella crepes being assembled at Dovetail!

Fortunately, Westside brokers are willing to make the 45-minute trek for crepes to see the listing, so they still manage a decent turnout.

Ye of the Valley
It’s time for Josh Flagg to go where no Beverly Hills broker has gone before: the Valley!

He meets with Karen, the developer behind a 6,000-square-foot Royal Oak estate reminiscent of a London townhouse. The house is a beauty, so Josh accepts the listing, though he’ll have to mingle with the locals in order to sell it for $5.65 million.

Only ye humble folk aren’t too keen on mingling with our Josh.

“The brokers are so f-cking weird, it’s like children of the corn,” Josh says.

Charming!

It’s only when James Harris offers him some sage advice that things start to snap into place.

“Roll up your sleeves, take off your tie, don’t show up in a Rolls Royce, a Rolex and $300[……]

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Scott Stringer

Bronx tenants who pay rent on time can build credit under new program Program is from Comptroll新爱上海同城对对碰论坛 上海同城对对碰交友社区er Scott Stringer and Banana Kelly

Scott Stringer and the South Bronx上海千花网 爱上海同城对对碰

Paying the rent on time will now give tenants at 27 South Bronx buildings a chance to improve or establish credit.

This is part of a new program that City Comptroller Scott Stringer and the Banana Kelly Community Improvement Association have launched, according to爱上海同城对对碰 爱上海同城论坛 Crain’s. Stringer estimated that 57 percent of renters with credit history across the city could boost their score by up to 10 points under the program, and 19 percent could see it go up even higher.

The program is a response to statistics showing that the city’s lowest credit scores tend to be in areas with large black or Hispanic populations and large amounts of public housing residents.

A total of 600 tenants will be able to take part in the pilot program, and Stringer said in a st上海千花网 爱上海同城对对碰atement to Crain’s that it “could ultimately be a game changer.” [Crain’s] – Eddie Small

T上海千花网交友 上海千花网论坛ags: Bronx, Politics, scott stringer
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Manhattan Luxury Market

Luxury market is back on its feet: Olshan Fourth straight week activity topped 20 deals

From left: Alchemy Partners K上海龙凤论坛sh1f 上海龙凤论坛enneth Horn, Carlyle Group s Robert Stuckey and a rendering of 250 West 81st Street; 993 Fifth Avenue (Credit: 250west81st.com, CityRealty)

Manhattan’s luxury market recorded 29 contracts at $4 million and above last week – the fourth week in a row contract activity topped 20 deals, according to Olshan Realty’s weekly market report.

The No. 1 spot went to a 12-room co-op apartment across from the Metropolitan Museum of Art at 993 Fifth Avenue with an asking price of $17 million. That’s a nearly 32 percent reduction off the original ask of $24.9 million when the unit was first listed in May.

The full 7th floor home has six bedrooms, 5.5 baths and a master suite facing the museum. The Met, meanwhi阿拉爱上海同城 爱上海龙凤419桑拿le, is considering selling its executive apartment on the buil爱上海同城手机版 新爱上海同城对对碰论坛ding’s 2nd floor as it look上海龙凤论坛sh1f 上海龙凤论坛s to shore up its unsteady finances.

Alchemy Properties and the Carlyle Group’s condominium dev上海贵族宝贝交流区 上海贵族宝贝论坛elopment at 250 West 81st Street accounted for the week’s second-priciest contract: the triplex penthouse at the Robert A.M. Stern-designed building with an asking price of $16 million.

The building quietly started selling units in the fall, and the buyer of the 4,278-square-foot penthouse bought the unit off of floor plans.

The week’s asking-price volume totaled $204.79 million, with a median asking price of $5.25 million. Luxury homes spent an average of 377 days on the market, with an average discount of 10 percent from the original ask to the final one. [Olshan Realty] – Rich Bockmann

Tags: alchemy properties, Carlyle Group, olshan realty, Residential Real Estate
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Anthony Galeotafiore

Long Island Cheat Sheet: Mineola named one of the hea爱上海同城 爱上海lthiest housing markets in the state more

Clockwise from top left: Bethpage developer is fined for filing omissions, Syosset sch爱上海同城 爱上海ools superintendent wants an environmental review of mixed-use development, defunct power plant to be redeveloped as a truck repair facility and local investors buy a Rockville Centre office complex for $22M.

Mineola is one of the healthiest housing markets in the state
Mineola ranked among the ten best housing markets in New York, according to a study by SmartAsset. The firm evaluated 160 communities across the state, based on the years owners spend in their homes, their value, ease of sale and cost of ownership. The study found that in Mineola, people stay in their homes for about 18 years and only 2.8 percent of owners have negative equity. Only about three percent of homes in the town lost value. No other Long Island markets broke the top 10. Number one on the list was Depew, New York, 10 miles east of Buffalo, Newsday reported. [Newsday]

Bethpage developer fined for condo filings omissions
Anthony Galeotafiore,上海千花网 爱上海同城对对碰 president of AJG Capital of Bethpage, has to pay at total of $166,000 for leaving out information in filings for condo developments in Copiague, Westbury and Islip Terrace, Newsday reported. His omissions include the disclosure of six mortgages he negotiated without a broker license, a 2003 sanction from the Financial Industry Regulatory Authority and a fraud dispute with a co-developer. [Newsday]

Syosset schools head wants environmental review of Oyster Bay mixed-use project
Thomas Rogers, superintendent for Syosset s schools, wants an independent review of a planned mixed-use development slated to go up next to one of the town s schools. Indianapolis-based Simon Property Group and Castagna Realty Co. plan to build 625 townhouses and condos, two hotels, a 30-acre park, stores, offices and re上海千花社区 上海千花网交友staurants on a site that was once an industrial plant and landfill. [Newsday]

Rockville Centre offices sold to Westbury investors
Valley East Properties, of Westbury, bought a five-story office complex in Rockville Centre for about $22 million, according to Long Island Business News. The 141,000-square-foot complex holds two buildings that together are 92 percent occupied by offices and medical tenants. With the sale, Valley East now owns more than 1 million square feet of offices on Long Island, according to a company statement. The Rochlin Organization s Adam Rochlin represented the buyer while the seller was represented by Jose Cruz and Kevin O’Hearn of HFF. Rochlin and his colleague Michael Levenstein will be the leasing agents on the property. [LIBN]

Costly former Bay Shore power plant to become truck repair facility
The former Hubbard Power Light plant has sat empty for 23 years, accruing about $6.5 million in tax liens over that time. Vincent Trapani, a Bay Shore businessman, bought the site for $343,000, in a transaction completed in February. The[……]

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Manhattan closed sales dropped nearly 21% in July

Manhattan closed sales dropped nearly 21% in July A weekly feature bringing you the industry’s latest intel

Manhattan (Credit: iStock)

According to this week’s market reports, Manhattan closed sales dropped 20.7 percen上海夜网论坛 上海夜网t in July and Harlem posted the highest price growth in Manhattan.

 

Residential

Rentals | MNS

In July, the average rent in Manhattan rose by 0.44 percent on a month-to-month basis to settle at $4,007. Harlem led the way in terms of price growth, with price上海龙凤论坛 新上海贵族宝贝论坛s in the neighborhood rising by 4.32 percent compared to same time last year. The biggest bargains were non-doorman one-bedrooms and non-doorman studios in Tribeca, which posted declines of 16.1 percent and 10.7 percent, respectively. Read the report here.

Sales | Maxwell Jacobs

The average asking price per square foot for Manhattan homes dropped 4.2 percent year-on-year to settle at $1,706 in July. Both the supply and demand sides上海夜网 阿爱上海同城 exhibited weakening during the month. Supply, measured through active listings, rose 13.3 percent from last year. Meanwhile, demand, measured through closed sales, dropped 20.7 percent on a year-on-year basis. There were 730 contracts signed in the borough, with Downtown the most robust at 203 transactions. Read the report here.

 

Commercial

Brownfield sites | NYU Furman Center

Brownfield sites are concentrated in certain areas of the city. Over 66 percent can be found in just ten community districts, with Greenpoint/ Willliamsburg accounting for 24.6 percent of the total sites in th上海千花社区 上海千花网交友e city. The study suggested a link between the remediation of brownfield sites and gentrification. However, it stopped short of declaring a causal relationship. According to the study, five out the 10 areas with the most brownfield remediation sites (Williamsburg/Greenpoint, Bedford Stuyvesant, Mott Haven, Astoria and Morrisania) are on the list of NYU Furman’s gentrifying neighborhoods.  Read the report here.

 

Tags: harlem, Manhattan Sales, mns, NYU
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Amazon Real Estate

Could Amazon break into real estate by buying Redfin? Redfin’s “troves of data” would be major benefit

Redfin CEO Glenn 上海龙凤论坛sh1f 上海龙凤论坛Kelman overlaid on Jeff Bezos (Credit: Getty Images and Redfin)

Amazon has a history of breaking into new industries with a splashy buy, having disrupting the grocery business with the $13.7 billion acquisition of Whole Foods. Should the company do the same to real estate by buying online brokerage Redfin? One analyst thinks so.

Jack Micenko, a housing and consumer finance analyst at Susquehanna Financial Group, make上海同城对对碰交友社区 上海夜网论坛s the case for such a move in a new report. Among the various benefits such a purchase would bring, Redfin s “troves of data is near the top of the list.

If you are going to buy your way into real estate, I don’t see a better option than Redfin,” Micenko told Inman. Redfin s data on consumers’ work history, wages, savings, real estate transactions, and relocation patterns would be a boon to the online retail giant, who could offer vast financial resources in return.

“Really both companies would be better together than they would be apart,” Micenko added. Both companies declined to comment, though Micenko says Redfin is aware of his sug爱上海同城对对碰 爱上海同城论坛gestion.

The analyst also said that buying Redfin competitor Zillow would be a less ideal move for Amazon, because the company uses data differently and has entrenched the st上海同城对对碰交友社区 上海夜网论坛atus quo around agent commission and agent leverage.

Redfin currently has a market capitalization of about $1.67 billion, more than 10 percent of which is owned by investment firm Vanguard Group.

Redfin CFO Chris Neilsen previously worked at Amazon for a decade, and the company hired Amazon economist Daryl Fairweather to head its data operations last fall.

Amazon has hinted at interest in the real industry in the past, teasing a Hire a Realtor feature on its website in 2017. The company also has a deal with Lennar, the country’s biggest homebuilder, to include Amazon Alexa in its new homes, and has invested in pre-fabricated home startup Plant Prefab. [Inma爱上海同城论坛 爱上海同城n] Kevin Sun

Tags: amazon, Data, redfin, Residential Real Estate, Tech
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Who provides the more accurate home valuation: Zillow or Redfin?

(Credit: Wikipedia and iStock)

When you type in a home s street address to obtain an online上海千花社区 上海千花网交友 valuation from the two biggest players in the field Zillow s Zestimate or Redfin s Estimate tools how good is what you get?
Bot上海千花网 爱上海同城对对碰h are used by millions of home shoppers, owners, realty agents, anyone curious about what a house in their neighborhood might be worth. Both also have been criticized for estimates that are off the mark; some homeowners have actually sued Zillow over their Zestimates, though unsuccessfully. Zillow s own CEO, Spencer Rascoff, famously sold his Seattle home for 40 percent below its Zestimate.

Accuracy matters a lot in this arena because many buyers and sellers use the online estimates to price their homes or make purchase offers, literally handing sellers or buyers the estimates as part of their bargaining strategy. This is despite both companies warnings that these are not appraisals, only algorithm-based computer estimates. They are starting points, not holy writ.

So which company s estimate is the more accurate? For two years, Redfin has claimed that it produces estimates that are superior, based on the results of an inde新上海贵族宝贝论坛 上海贵族宝贝交流区pendent study. When it values homes that are on the market, Redfin says its median national error rate is just 1.77 percent. That is, the selling price, compared with the estimate, is within that margin of error half the time. On houses that are not for sale, Redfin s median error rate is 6.66 percent. Redfin has a total of 74.4 million properties in its valuation database 1.3 millio爱上海同城手机版 新爱上海同城对对碰论坛n on the market and listed for sale, 73.1 million off the market.

But now it looks like bragging rights for accuracy could be shifting to Zillow. Following an international contest involving teams of data scientists, Zillow announced that its median error rate on valuations of the 110 million U.S. homes in its database will soon drop to 4.0 percent or even below, from the current 4.5 percent. Zillow does not provide a breakout that distinguishes between its error rates for homes already listed on the market and off-market homes, so there is no direct comparison to Redfin s claimed 1.77 percent figure for listed houses. But the overwhelming majority of homes in Zillow s 110 million-property database are off-market, which are more challenging to value because there s usually less detailed information available on them. Note the difference in Redfin s 1.77 percent 阿爱上海同城 阿拉爱上海同城error rate for listed homes versus its 6.66 percent rate for off-market homes. Given this, Zillow s claim that it will have a 4 percent composite error rate on 110 million homes the vast majority of them off-market looks better.

An error rate of 4 percent or less would put Zillow close to a standard that many appraisers consider passable for their own work. Ryan Lundquist, an appraiser in the Sacramento, California, area, told me that for many colleagues, a 4 percent median error rate would be a fairly acceptable range.

Pat Turner, an appraiser i[……]

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Climate Change Infrastructure

This is how Miami-Dade plans to protect上海夜网 阿爱上海同城 itself from climate change The county is planning up to $20B in infrastructure and affordable housing projects over the next two decades



Miami-Dade County is embarking on infrastructure projects that could total $20 billion as part of a push to protect the region from climate change.

Miami-Dade Mayor Carlos Gimenez spoke to Bloomberg about the county’s plan for a $10 billion water and sewer project that is the largest public works project 阿爱上海同城 阿拉爱上海同城in the county’s history. It’s expected to take 15 to 20 years, he said. The county is also planning a multibillion-dollar investment in transportation that could reach $10 billion in the same amount of time.

In addition, the county is “looking much, much deeper into public-private partnerships” as a way to finance infrastructure improvements, Gimenez said, citing the roughly $1 billion PortMiami tunnel project as an example.

The Miami-Dade mayor added that he would welcome federal money for these projects, but that it can slow it down.

“It all depends on how long you have to wait,” he said. “Is it really worth the effort to try to get the federal money or do you上海贵族宝贝交流区 上海贵族宝贝论坛 want to get it done much faster? Can the private sector take the place of the federal government in a sense?”

The county is also plans to invest hundreds of millions of dollars into affordable housing over the next 10 years because “that’s also becoming an issue here in Miami-Dade,” Gimenez added.

Miami ranked as the most rent-burdened city in the U.S., ac爱上海龙凤419桑拿 上海龙凤论坛sh1fcording to a recent Freddie Mac report. The median renter in Miami spends 41 percent of pre-tax income on rent, the report found. [Bloomberg] — Katherine Kallergis

 

Tags: affordable housing, carlos gimenez, climate change, Commercial Real Estate, infrastructure, Politics, sea level rise When snow is a no-show: Climate change threatens ski resorts, nearby h…Startups and hospitality giants are embracing “apartment hotels”Why lenders are loosening rules for sandwich generation …Fort Lauderdale edges closer to爱上海同城论坛 爱上海同城 traffic-based cap on central-beach dev…
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If the poem is picturesque,draw wind strange beauty! 2D horizontal edition swims newly ” depart is spent ” 5 minutes newest demonstrate to give off

Modus Games gave off riddle of movement of horizontal edition of the 2D below the banner to swim newly today ” depart is spent (DEGREES OF SEPARATION) ” 5 minutes newest demonstrate, if the poem is picturesque,draw wind strange beauty! This making book landed platform of PS4/Xbox One/Switch/Steam whole main aspect on Feburary 14, 2019. ” depart is spent ” it is game of riddle of movement of a 2D, there are 2 heroes in game — the girl Rime that represents summer and the boy Ember that represent a winter, the ability that Rime and Ember part to hold melts and freeze, player need is held alternately accuse 2 heroes, coordinate adequately use these two kinds of capacity, all sorts of enigma on unlock advancement road. · ” depart is spent ” between medium hero more it is the relationship that be propped up each other and defends, game draws unreal of wind strange fond dream, have Dishini quite the feeling of fairy tale story, colour is very lively also. Both theme is ” love ” , but former in expression cowardly, latter is in expression is brave. · ” depart spends ” 5 minutes newest demonstrate:[……]

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