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Recent Commercial Real Estate Transactions

Recent commercial real estate transactions in New York.
NYTimes.com

Live and work at $725,000 Yaphank property

A Yaphank property with commercial, rental and residential space is listed for $725,000.
Newsday

Hong Kong’s home prices will plunge by 15 per cent in 12 months, says investment bank

Hong Kong home prices will drop 15 per cent over the next 12 months, investment bank CLSA said, joining an increasing number of financial institutions predicting drops in the world’s most..
S.China Morning Post

What I Love: Gary Shteyngart’s Year-Round Dacha

The upstate house offers an escape from a New York City that no longer exists — and a place where he can write three times as fast.
NYTimes.com

A Writer’s Retreat

The upstate retreat offers an escape from a New York that no longer exists — and a place where Gary Shteyngart can write three times as fast.
NYTimes.com

The Bipartisan Cry of ‘Not in My Backyard’

The housing secretary wants to encourage mixed-income, multifamily development as a way of making housing more affordable. But it’s a notion homeowners of all political leanings tend to oppose.
NYTimes.com

Mainland’s largest developer Country Garden posts 80 per cent increase in first-half core net profit

Country Garden Holdings, China’s largest developer by sales, on Tuesday reported an 80.2 per cent increase in core net profit in the first half of the year, despite a slowdown in sales growth amid..
S.China Morning Post

Landlords prepare to welcome new affluent residents to Tsuen Wan with upgraded shopping malls

Tsuen Wan’s retail landscape is set for huge improvements as major developers open new malls and upgrade existing ones to tap the higher spending power of residents moving into upscale housing in the..
S.China Morning Post

Data centres to become rising investment class amid Hong Kong’s smart city bid

Hong Kong has the potential to be a regional technology centre and play home to more data centres. Can the availability of space and infrastructure catch up with the demand? Hong Kong aspires to become..
S.China Morning Post

'It takes their life savings': Elderly residents caught in leaky buildings raise concerns

'it takes their life savings': elderly residents caught in leaky buildings raise concerns
Elderly people caught by defective and leaky building issues are struggling to fund repairs or replacement of their places, says a Grey Power chief.Bill Rayner, Auckland zone director and North Shore..
New Zealand Herald

Green remodel of 1920s Craftsman is an eco-masterpiece

Originally built in 1921, this Wallingford Craftsman underwent an eco-friendly remodel in 2010. The result: a gorgeous, green abode with classic lines intact but artful, ecological modernizations..
SeattlePI.com

Chinese property firm Vanke’s first-half profit rises 25 per cent as faster construction lifts sales

China Vanke, the country’s second-largest property developer by sales, posted a 25 per cent rise in first-half profit on Monday, as a faster construction speed helped it sell more homes. Net profit..
S.China Morning Post

Nearly half of Hong Kong flats rent for US$2,550 a month – 70 per cent of median household income

Candy Lau knew she would have to pay high rent for her new walk-up studio in Hong Kong. But she was not expecting roommates – a bunch of cockroaches. “I came to realise that the housing market is..
S.China Morning Post

Oil giant CEFC China’s debt woes widen as unit defaults on commercial paper

CEFC Shanghai International Group, a unit of the country’s largest private oil conglomerate CEFC China Energy, said on Monday it failed to repay principal and interest on 2.1 billion yuan ($306..
S.China Morning Post

Danish pension fund PFA bets big on property on expectations of prolonged low rate climate

The largest commercial pension fund in Denmark is making a big bet on real estate as it adjusts its portfolio in anticipation of very low interest rates for a very long time. Michael Bruhn, head of..
S.China Morning Post

UK home sellers tempt wary buyers with record late summertime discounts, especially in London

(Bloomberg) -- UK home sellers are offering the deepest summer price cuts on record as they try to get rid of their homes during the holidays. The average asking price for homes across the country in..
S.China Morning Post

Was $4.52M Sag Harbor home used for rumrunning?

A Sag Harbor home listed for $4.52 million, built during the Prohibition Era of the 1920s, is believed to have been used for rumrunning.
Newsday

Renters: Marie Kondo, in Reverse: How to Fill a Space

When her roommate moved out and took all the furniture, a Brooklynite had to furnish an entire apartment. She decided to do it slowly and deliberately.
NYTimes.com

Few takers for latest batch of flats at Hong Kong’s cheapest residential project this year

Less than half the flats on offer at a residential project in Yuen Long were sold on Sunday where a few buyers forfeited huge deposits deals last week, with analysts pointing out that investors are..
S.China Morning Post

Take a walk: The changing face of Wynyard Quarter

take a walk: the changing face of wynyard quarter
Halsey St in Auckland's waterfront Wynyard Quarter area is undergoing major changes. In the latest Take a Walk video, we stroll that street and look at new and some existing developments. We can see..
New Zealand Herald

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