Monday, April 14th, 2014

A sampling of last week’s press coverage of CORE and CORE properties.

High Line Press Image (2)

Chelsea High Life: A Park, Galleries and Luxury Shops Attract New Residents
SCENE Magazine
Emily Beare provides insight on the latest surge of residential activity along the High Line.

Featured Listing: 43 Great Jones Street, 4
ModernNYC
Patrick Lilly and Martin Eiden’s expansive NoHo listing is featured in this weekly real estate listings roundup.

7 of the Biggest Home-buyer Turnoffs
MorningStar
Brendon DeSimone discusses the seven most prevalent issues that dissuade potential homebuyers when viewing a home and how to handle them.



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Sidney Whelan and Reggie Grayson recently sat down with Pat Keane and Rick Elliott, co-owners of Green World Financial, LLC  at Marseille to discuss the current trends in the residential mortgage market. Pat and Rick are experienced veterans of the business, having both been top producers and Sr. Management at Bank of New York Mortgage and then subsequently for Pat, at JP Morgan Chase.

sid_reggie_4-9-2014Sid: So we’ve known you gentlemen for years and have done a lot of transactions together and we want to know what our readers are probably wondering as well: why did you leave those great companies to start your own firm?

Rick: When you work at a bank you are “handcuffed” to their particular underwriting culture. Now we are no longer limited to a particular loan philosophy by one bank. We have diversity and choices that enable us to marry the right investor to the right borrower and deliver the best possible experience to both.

Reggie: Our readers own properties that are worth over a million dollars, in many cases well over that. What can you tell them about the lending climate for that type of property? What’s facing them if they want to refinance or acquire more property; or if they decide to sell, what will their buyers be facing?

Rick: Jumbo loans pretty much disappeared after 2008 and today you’re really looking at these types of loans as a portfolio product that a lender will keep on their books and not sell on the secondary market. (more…)



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West Village

With all the media attention around up-and-coming neighborhoods such as NoMad, West Chelsea/High Line and Billionaire’s Row, one may easily forget or overlook some of Manhattan’s older and established neighborhoods. One in particular, the West Village, continues to thrive in the market because of its unique charm and its properties’ high demand among locals and foreign buyers alike.

The West Village offers a true neighborhood feel that embodies the romance and allure often associated with New York City. Known for its tree-lined, cobblestone streets and old brownstones that beautifully show off Manhattan’s rich history, it is one of few neighborhoods where one truly feels removed from the fast pace of New York. The West Village is where foodies go for some of the best culinary delights and serious shoppers immerse themselves in a mix of high-end and unique boutiques for some good old-fashion retail therapy. (more…)



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Monday, March 24th, 2014

A sampling of last week’s press coverage of CORE and CORE properties.

CORE Twitter

Social Media Spotlight: 7 Great Digital Marketing Tools for Real Estate
Leverage Global Partners
In this social media recap piece, CORE’s Twitter page is highlighted, which has garnered an impressive online following. In other social media-related news, CORE’s Director of Marketing Elizabeth Kosich provided insight on the impact of a well-executed social media strategy among real estate brokerages and agents.

Good Morning New York Real Estate
Parul Brahmbhatt discusses the New York City real estate market with radio host Vince Rocco. From investor profiles to new development projects hitting the market, Parul provides a broker’s perspective on some of the most important aspects of buying in Manhattan.

Are Open Houses Obsolete?
AOL Real Estate
Zillow contributor and CORE broker Brendon Desimone discusses the impact of open houses in a home sale, despite the shift towards digital viewing of a home among prospective buyers.



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Monday, March 17th, 2014

A sampling of last week’s press coverage of CORE and CORE properties.

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Bless Our Happy Home Sale
The Wall Street Journal
The Wall Street Journal quotes CORE’s Elizabeth Kee in a piece about St. Joseph statues.

Listing of the Day
Brownstoner Queens
Patrick Lilly and Andres Soto’s Forest Hill’s listing is showcased as one of last week’s “Listing of the Day” features.

House of the Day: 252 Carlton Avenue
Brownstoner
Doug Bowen and Paul Johansen’s Fort Greene townhouse listing is featured as one of last week’s “House of the Day” properties.



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Monday, March 10th, 2014

A sampling of last week’s press coverage of CORE and CORE properties.

TRD

Social Media’s New Status
The Real Deal
CORE’s Director of Marketing Elizabeth Kosich provides expert insight about the importance of social media within the real estate community.  In regards to content, Elizabeth says “Facebook drives engagement and is a one-stop shop for focus grouping. Twitter is really effective for sharing news and driving traffic, and Instagram is great for visual content,” such as listings.

West Village People
SCENE Magazine
Steve Snider discusses the growth of the West Village and its increasing popularity. “The growth of the Meatpacking District and the opening of the Whitney Museum and High Line all contribute to the trends we are seeing in this area,” says Steve.

A Day in the Life: Emily Beare
The Real Deal
Emily Beare is featured in this profile piece, documenting her day-to-day activities as a wife, mother and real estate broker.



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Thursday, February 20th, 2014

The 3rd and 4th quarter housing reports parallel and reconfirm a market in great need of new product. As reported by REBNY, Jarrod-Randolph_300x300Brooklyn and Queens saw 31% and 40% increases in residential sales respectively, which outpaced Manhattan at 19% over 4th quarter 2012.  These figures have great impact on how the market will perform the first half of 2014, which is traditionally the height of the city’s selling season.

CORE’s Real Time Report highlights four very important market influencers that deserve a closer look.

1.) Overall inventory in Manhattan is down 9%.

Approximately 2,500 new development units hit the market in 2013, 90% of which went into contract or closed.  2014 is slated to see similar numbers. The lack of new product limits options for resale owners, which is exacerbated by tight lending regulations and increased short-term mortgage rates that prevent a lateral move or trade up.  These aspects will continue to keep the housing stock depressed. (more…)



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Friday, January 31st, 2014

bridge

One of the reasons why I love New York is that it allows people to reinvent themselves again and again. A trader can become an actor, an artist a real estate developer and an engineer can become a real estate broker (that would be me).

In my 15 years of working in real estate, I have seen many neighborhoods change and evolve, but none as dramatic and as many times as Williamsburg. In fact, I have seen four monumental shifts since I have been in the business. Here is a breakdown of these significant time periods:

1999-2004: The Beginning. Jackie Himmelstein, a colleague of mine at the time, lived in a rent-stabilized apartment on North 6th Street. She kept telling me how the neighborhood was changing daily and, not having been a resident of the neighborhood, I didn’t understand how that was the case, until my first time visiting. I went to see a friend’s band, Lythion, at the Galapagos Lounge. The loading dock was converted to an indoor pond, which we crossed via a metal bridge to get to the entrance. Walking over, the streets were silent and the neighborhood had a mysterious, cool vibe as an outpost. It reminded me of East Berlin just after the wall fell down and the energy was captivating. Real estate-wise, the building stock prominently featured aluminum siding and rent was cheap. Not much to buy unless you wanted a house right out of Archie Bunker’s Place. (more…)



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Tuesday, January 21st, 2014

A sampling of last week’s press coverage of CORE and CORE properties.

45 Walker

Living Large: 45 Walker Street
CBS2
Emily Beare and Shaun Osher’s TriBeCa listing at 45 Walker Street is featured in this “Living Large” segment.

Money Talker
Fox Business
Jarrod Randolph was featured on Friday’s segment, alongside host Melissa Francis, Certified Career and Life-Purpose Coach Maggie Mistal and Special Projects Director Lea Goldman, discussing tips for boosting your salary. Jarrod is a weekly contributor on the Fox Business network, often appearing on the “Spare Change” segment, also hosted by Melissa Francis.

Condos That Are Close to Arts Institutions Like MoMA, The Met and The New Museum Get a Big Lift
New York Daily News
One Museum Mile is featured in this new development roundup, showcasing properties boosted by nearby museums.



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Monday, January 13th, 2014

A sampling of last week’s press coverage of CORE and CORE properties.

93Worth-VIEW

A Scarcity of One-Bedrooms
The New York Times
93 Worth and 241 Fifth are featured in this trend piece, with expert insight provided by Doron Zwickel on the prevalence of one-bedroom units in New York City’s latest new development projects. “I believe that most of the product in the works is still geared toward the high end and the mega-rich,” Doron said. “I think it would be wise to create more variety.”

CORE Duo Singing Their Way to Success
Real Estate Weekly
Tom Postilio and Mickey Conlon are featured in this profile piece, documenting how the duo stays true to their Broadway roots within real estate.

Have You Heard: CORE Agent Featured on “Selling New York”
Real Estate Weekly
Lisa Graham is mentioned in this television recap piece, following her appearance on the Season 8 episode of “Selling New York.” For more on that episode, take a look at last week’s SNY epilogue here.



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