Headlines

Madrid Is Building a Beach 200 Miles From the Ocean

June 28, 2018

  Madrid is located in the middle of Spain, but this summer, residents and visitors will be able to have a beach day without leaving the city. As The Local reports, Madrid is getting its own beach—nearly 200 miles from the Atlantic Ocean. The attraction—dubbed "MadBeach"—is being set up on the Plaza de Colón near the capital's Museo Arqueológico Nacional. It will offer many of the same features guests would be able to find...

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LA homeowners netted $175K in profit when selling in 2017

June 28, 2018

With houses in the Los Angeles area fetching record prices, sellers pocketed some of the largest profits in the nation in 2017, according to a new report from Zillow. Across Los Angeles and Orange counties, homeowners last year sold homes for around $137,000 more than the price they paid for the residence, amounting to a 33.1 percent gain in value. In the city of Los Angeles, jumps in value were even more dramatic. Prices in 2017 were nearly 40 per...

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Graffiti In Its Glory: New York City Real Estate Benefits From Street Art

June 28, 2018

Graffiti — the term typically used to describe “tagging” — can be unsightly. Its close cousin street art, however, is increasingly popular in cities around the world, with Banksy currently making headlines for his new art in Paris. The New York City real estate market is capitalizing on the momentum. Murals, wheatpaste (or paper-mache) posters and other mediums not only attract positive attention to properties, but they also keep surfaces ...

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Arts District development boom in full swing

June 27, 2018

There’s nearly one major project in the pipeline for every two blocks of Downtown’s Arts District. The roughly 50-block former industrial neighborhood-turned-artist-haven-turned-hipster-mecca has 25 projects in the works, including transformative new developments and adaptive reuses, according to a count by Curbed. Perhaps the biggest and surest to have an impact on the once largely desolate neighborhood is SunCal’s 1,736-unit mixed-use 6AM p...

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The ultimate guide to Madrid Pride 2018

June 27, 2018

As Europe's biggest Pride event, Madrid Orgullo is always a blast, with a week of parties, concerts and community events in and around the Chueca neighbourhood that culminates with a huge parade of more than two million people. But this year’s edition is set to be even more special as it marks 40 years since Madrid’s first authorised LGBT demonstration was organised by the Homosexual Liberation Front of Castilla (FLHOC)  Running from June 28t...

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Why sellers have the upper-hand in Greenwich Village

June 27, 2018

The neighborhood has relatively low levels of existing condo inventory and a declining pipeline. Developers in Greenwich Village might feel like they’ve been transported back to the height of the market in a time machine. The Village is rare example of a sellers’ market. Condo supply is low, demand is strong and the pipeline of new units isn’t going to take well into the next decade to burn off. And the neighborhood is not alone. The Flati...

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Landmark Planning Committee creates new Boerum Hill historic district 4

June 27, 2018

The district complements the existing Boerum Hill Historic District, which was created in 1973. The city’s Landmarks Preservation Commission agreed to extend the existing Boerum Hill Historic District, adding nearly 300 buildings within the protective coverage of the area. The designation today followed a public hearing in May where 16 people spoke in favor of creating the extension, and nine people spoke in opposition. "The streetscapes are cha...

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Macklowe Properties eyeing site near St. Patrick’s Cathedral for skyscraper

June 27, 2018

The tower would span 1 million square feet if it becomes a reality.  Developer Harry Macklowe, who is behind projects like Midtown’s pricey 432 Park Avenue supertall, could be planning for yet another skyscraper. Claiming to have obtained materials from Macklowe Properties, The Real Deal reports that the company is looking to construct a one million-square-foot office tower near the St. Patrick’s Cathedral that would be known as “Saint Steve...

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Bushwick is the Fastest Growing Brooklyn Neighborhood

June 27, 2018

The median price for a pad in Bushwick is up 84% since 2008. Apartment prices in Bushwick have jumped faster than any other New York City neighborhood over the past decade. The median price of $788,700 in the trendy Brooklyn neighborhood is 84 percent higher than it was in 2008, according to data from Trulia cited by Bloomberg. As neighborhoods like the Lower East Side and Williamsburg became too pricey, buyers started looking deeper in Brooklyn. ...

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Brooklyn’s losing its cool and Manhattan’s welcoming back millennials

June 27, 2018

Brooklyn’s cool factor is wearing thin on millennials’ wallets, so they’re moving back to Manhattan. Washington Heights is now home to the greatest concentration of the generation with residents aged 20 to 34 making up about 10 percent of the neighborhood, according to the New York Post. Upper Manhattan has even beat out reputed hipster havens like Bushwick, Crown Heights and Williamsburg in terms of shear population. “Williamsburg and Bush...

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