LRE® Blog

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September 2, 2014

My City, Then and Now

Courtesy of Frederick Peters, President of Warburg Realty As a native New Yorker, how do I feel about the gentrifying of the city? I certainly don’t miss the really bad old days. Big kids in Central Park tried to steal a sled from my older brother and me in about 1960 or 1961; that is my first memory of consciously confronting the New York outside our Upper East Side cocoon. The Park got more dangerous as the years went by, as did the streets. We all remember the crack epidemic years when any parked car got its windows broken, and every phone booth (at least in our neighborhood on the Upper West Side) encompassed a thriving business in crack vial transfers. I don’t think any of us would go back to that.

August 29, 2014

Atlanta Average Home Sales Price Reaches All-Time High for July

Courtesy of Beacham & Company, REALTORS® The number of homes sold in Atlanta – now well into its third year of decline – continued to disappoint this summer just as the average home sales price reached a new all-time, pre-recession high. Housing experts blamed both conditions on inadequate housing inventory but the number of homes for sale remained on the upswing.

August 26, 2014

What We Do

Courtesy of Frederick Peters, President of Warburg Realty One of my agents recently closed a $10 million plus deal in a top co-op. The buyer, a Wall Streeter who had made some unfortunate decisions during the recession a few years back, had accumulated a substantial amount of debt and a certain notoriety. But he had returned to full, multi-million dollar annual earnings with his own business and had the ability to pay all cash for the apartment owing to the recent, very successful sale of a summer house. (I have altered some details in this story to safeguard the buyer’s identity.)

August 25, 2014

Naples #2 in Top 5 Housing Markets on the Rise

Courtesy of Tamara Wright of Gulf Coast International Properties Home values were up 4.4 percent nationally from the second quarter of 2013 to the same period of 2014, according to data from the National Association of Realtors. Listed below are the five best markets where prices went up fastest. We are excited to see Naples, FL second on the list!

August 20, 2014

A Guide to Luxury Real Estate

Courtesy of Tracy Ellis The Tracy Ellis Team presents TRACY ELLIS: A GUIDE TO LUXURY REAL ESTATE – FALL 2014. Please feel free to flip through the fall edition of their luxury magazine by clicking on the cover below:

August 19, 2014

Bunny Mellon's Oak Spring Farm Hits the Market for $70M

Courtesy of Washington Fine Properties WASHINGTON, D.C. - Thomas B. Anderson, President of Washington Fine Properties, announced today that Washington Fine Properties will offer the truly remarkable 2,000 acre Upperville, Virginia farm of Rachel “Bunny” Lambert Mellon, who died earlier this year at the age of 103. One of the most important farms in America, Oak Spring Farm is where Paul and Bunny Mellon shared their many passions including horse breeding, horticulture, and art collecting.

August 19, 2014

Commercial Investment Property Sale in Daly City

Courtesy of Barbagelata Real Estate Barbagelata Real Estate would like to congratulate one of their top producers, Jerry Wang, on the $13,000,000 sale of an incredible commercial investment property! For more information on this sale or to contact any of their commercial agents, please visit realestatesf.com.

August 15, 2014

Top Housing Markets for CEOs

Courtesy of Laura Maguire of Gulf Coast International Properties A recent analysis of U.S. Census data identified the housing markets with the highest percentage of resident chief executive officers and legislators. Five of the ten top spots are in Florida, with the Naples market ranking #4. Clearly, CEOs enjoy the gorgeous year-round weather and abundance of sunshine. Florida is also a frequent choice because we have no individual state income tax. Another factor in Florida's popularity could be that many times a second home in a vacation destination can transition to a primary residence as working remotely becomes more feasible.

August 14, 2014

Historic Home Trade Show Coming in September

Courtesy of Zephyr Real Estate SAN FRANCISCO, CA – The second annual Historic Home Trade Show is coming on September 14, at its new and larger venue, the Golden Gate Club in the Presidio. The Trade Show, which runs from noon until 5 p.m., provides an opportunity for architects, contractors, tradespeople and related retailers to reach out, network and showcase their products and services to homeowners and colleagues.
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