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McDonough Hershkowitz Team Joins CORE

14 January, 2015 posted by: CORE

HenryHeather

Today CORE announces the addition of the McDonough Hershkowitz Team. Heather McDonough and Henry Hershkowitz are responsible for over $750 million in residential real estate sales in New York City. Their experience includes a specialty in new residential development in addition to a substantial resale business. In 2014, the team closed on over 80 transactions, selling over $110 million – up 55% over the previous year. Additionally, another $50 million in sales were put into contract, securing an average of 101% of the asking price for their sellers.

“We are really excited about the future and the opportunity to work with CORE. Shaun’s professionalism, the team he has put together and the caliber of CORE’s new development work make this a perfect fit for us,” said Heather McDonough. “The partnership with Related Companies was the icing on the cake for us to make the move.”

“With CORE we are really given the opportunity to do what we do best, and take our business to the next level. Heather, our team and I are looking forward to kicking off the year with CORE,” said Henry Hershkowitz.

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Tim Crowley Joins CORE As Director Of New Development

07 January, 2015 posted by: CORE

Tim-Crowley-web

Leading boutique real estate brokerage CORE announces the addition of Tim Crowley as Director of New Development, working alongside Shaun Osher, Founder and CEO. In this new role, Tim will oversee a pipeline of $10 billion in new development in addition to new business development opportunities. He is responsible for project management, research and sales collaboration in order to provide market expertise and strategic direction to each development.

“In this large new development industry it is rare to find someone with Tim’s hands-on experience, extensive knowledge and creativity,” said Shaun Osher, Founder and CEO of CORE. “His resume of projects is very closely aligned with both our vision and brand.”

Tim joins CORE from Flank where he oversaw marketing and brokerage services for a number of notable projects in New York City. His contributions to project design development, marketing and sales have led to sales as high as $3,400 per square foot at 224 Mulberry Street in Nolita. In over eight years with Flank, he was also responsible for product and brand development of 265 State Street, 385 West 12th Street, and 441 East 57th, The Novare at 135 West 4th Street – and, most notably, The Abingdon at 320 West 12th Street, a conversion, selling from $8.75 million up to $29.5, the project shattered records for downtown conversions.

“Shaun and the team at CORE excel in every facet of the development process, but what really attracted me was the company’s emphasis on the customer experience,” said Tim Crowley. “CORE truly values its client relationships, and that extends to the company’s marketing and branding efforts, which are less about packaging and more about CORE’s dedication to delivering a superior final product.”

Tim brings over 13 years of real estate marketing experience to CORE, including on-site sales and project management for a number of notable residential projects.



 

A Note on 2015

24 December, 2014 posted by: Shaun Osher

10_West_10th_Street_TH_01

Looking forward, I expect that 2015 will be a year where the playing field finds an equilibrium between a seller and a buyer. With thousands of new units expected to come to market, and a large portion of that inventory compromised, it will still be hard to find that ‘dream’ apartment in the ‘perfect’ location – so we can expect prices to remain steady.



 

Looking Back at 2014

19 December, 2014 posted by: Douglas Heddings

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Flashback December, 2013: Trepidation abounds as a banner year in Manhattan real estate winds down and many are concerned as to whether prices or sales volume can hold their ground much less pick up pace. The typical interest rate concerns as well as fears that new product may not be absorbed echoed through the streets of Manhattan. A new mayor was about to be inaugurated and many of the city’s wealthiest inhabitants paused (for a nano second) to reconsider their investment(s) in Manhattan real estate.

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High-Design and Real Estate

15 December, 2014 posted by: CORE

Welcome to Ten, CORE founder and CEO Shaun Osher’s rapid-fire interview series with prominent CORE figures. Read on to find out how this week’s subject deals with being on the hot seat.

A devotee of interior design and architecture, Jean Nayar writes about both topics in addition to a career in real estate. A recent addition to CORE, she also practices real estate in Florida. Here are Jean’s answers to Ten questions.

Jean Nayar At MoMA

1. What did you do before you found this career?

I was a journalist and the author of several books about architecture and design. In fact, I still write regularly for various magazines and my most recent book, Living In Style New York (teNeues), was published this past spring. It covers 20 of the most amazing residences in New York by several of the city’s most prominent designers, like Robert Couturier, Jamie Drake, and Campion Platt. I find that writing about spectacular interior design and architecture really reinforces the work I do in real estate.

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Giving Thanks

26 November, 2014 posted by: CORE

Union Settlement Meals on Wheels 4

Kicking off our CORE and Community initiative, over 30 CORE agents and staff members participated in pre-Thanksgiving meal delivery in East Harlem with Union Settlement Association and Meals on Wheels. The team helped prep and bag hot and cold meals, deliver food and greet recipients over two days ahead of the Thanksgiving holiday. Union Settlement serves about 1,250 older adults each year, offering daily group meals, exercise activities, nutrition and wellness classes, cultural activities, adult day care and other support to the local community. Union Settlement’s Meals on Wheels program provides a daily hot and cold meal to over 500 homebound seniors. As the oldest social service provider in East Harlem, the meal delivery program also delivers to a number of veterans living in the area.

CORE first became involved with Union Settlement during the One Museum Mile pre-development phase. Over the years the team has been involved in a number of initiatives. In 2014, Shaun Osher was honored at their annual Solutions Benefit. We are thankful for our experience and opportunity to give back to the community surrounding One Museum Mile.

Union Settlement Meals on Wheels 3

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Union Settlement Meals on Wheels 2

Union Settlement Meals on WHeels 6



 

How To Prepare For 2015

20 November, 2014 posted by: Martin Eiden

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Last night I held a seminar for anyone considering in buying or selling in 2015 at the CORE Chelsea office.

The speakers, crowd and overall energy were all great. To sum it up, it was an exchange of honest, direct information in an open, caring setting…not usually  what first comes to mind with the topic New York  Real Estate. The takeaways:

Real Estate Market, by yours truly:

  • Manhattan used to be described as uptown or downtown. Now it is subdivided by neighborhood, property ownership-type and level of fit and finish.
  • Brooklyn is the new downtown Manhattan and recognized worldwide as brand of cool. As such, the neighborhoods of Williamsburg, Dumbo and Brooklyn Heights are now more expensive than many Manhattan neighborhoods.
  • Queens is the new Brooklyn. The city is planning to rezone the wide boulevards of Queens for medium density housing. A new development, the Aston, is selling 1-beds $625,000-$800,000.

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Good To The CORE

10 November, 2014 posted by: CORE

Tough Mudder

This weekend, Team CORE tackled a Tough Mudder in Kissimmee, Florida. Shaun Osher, Michael Rubin, Steve Snider, Sean Attebury, Ben Jacobs and McKenzie Foster – led by team cheerleaders Lisa Blumencranz and Bryan Baltimore – took on 12 miles designed to test strength, stamina, teamwork and mental grit. Over the course, the team ran through grass fields, grazing pastures and swampy mud to finish.

Congratulations to our Tough Mudders! Take a look at more photos of the team in action below. You can donate to Good To The CORE and the Wounded Warrior Project here.

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Related Companies Invests in CORE, Both Firms to Collaborate To Expand New York’s Leading Boutique Brokerage

23 October, 2014 posted by: CORE

Shaun Osher_Jeff Blau 10.23.14

Related Companies, one of the nation’s most prominent real estate firms, today announced that it has acquired a stake in CORE, the leading boutique real estate brokerage in Manhattan, to further expand CORE’s brand and offerings throughout New York City.  

“This is an incredible opportunity for CORE to align ourselves and work alongside one the most respected developers in the United States,” said Shaun Osher, Founder and CEO of CORE. “Our teams share a similar vision and commitment to quality, design, lifestyle and innovation. This is a game changer.”

Jeff T. Blau, CEO of Related said, “Related and CORE both have creative, collaborative, customer-focused cultures and share a commitment to great design and best-in-class product. Shaun Osher has built a great brand and assembled a strong management team and group of talented agents. We saw an attractive opportunity to help fuel the growth of the platform, invest in great talent and optimize opportunities throughout the city. Related has an over $6 billion pipeline of new condominium developments, and with this investment we will be able to bring real-time market knowledge and customer feedback even closer to our development teams. In addition, we have built over a dozen condominiums in New York City and we saw great synergies to better serve our clients with direct involvement in the resales in those buildings.”

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Post-Graduate Life, the Arts and Winter (The Dog)

23 October, 2014 posted by: Shaun Osher

Welcome to Ten, CORE founder and CEO Shaun Osher’s rapid-fire interview series with prominent CORE figures. Read on to find out how this week’s subject deals with being on the hot seat.

McKenzie Foster has quickly begun to move up the ranks as one of CORE’s youngest agents. Getting an early start in the industry, her talents go beyond just real estate, making her a quintessential Jack of All Trades. Here are McKenzie’s answers to Ten questions.

1. What did you do before you found this career? McKenzie Foster TEN
Real estate is actually my first career and I always knew this was the industry I wanted to be in. I started working in commercial real estate in high school, got my license when I was 18 and have been working in real estate ever since. It’s really what I love to do.

2. What has been the highlight of your career?
I can’t say the highlight of my career has happened yet, but it will soon, and it will be big!

3. What is your greatest daily challenge?
For me, there is a lot of day-to-day commotion in this business, so I just have to constantly remind myself of the big picture and continue to work towards my long-term goals. Also, leaving my apartment with everything I need for the day is a major challenge and pretty much impossible for me.

4. Where do you see yourself in 10 years?
I see myself successfully selling and investing real estate in New York, writing history books and living it up in a loft with my Shiba Inu, Winter. I hope to have a vacation home where I can swim and enjoy nature on my time off.

5. Where do you find inspiration?
I find inspiration when I go to the studio, put on music and just dance for several hours. It doesn’t matter if I am wearing point shoes, sneakers or just barefoot– it’s when I am the most relaxed and feel the greatest sense of freedom. Read the rest of this entry »



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