February 2015, Vol 35, No 2
Visit our archives to see other articles that were published in 2015.
- 2.27.2015 Ultra-Luxury Condo Market Slows in NYC, Heats Up in Miami The ultra-luxury condominium market, largely fueled by foreign buyers, is showing signs of slowing in New York City, real estate experts say. But as the pace for buying super-luxury condos in Manhattan decelerates, shovels are breaking ground to build luxury high-rises in South Florida. [Main St]
- 2.21.2015 New York condo with ‘back door’ for poor tenants was part of program to reduce inequality The luxury apartment building in New York City that sparked controversy for its so-called “poor door” has started accepting applications from low-income renters. [CNN Wire]
- 2.15.2015 Chinese Airline Tycoon Buys NYC Condo For $47.4M The founder of China’s Hainan Airlines, Chen Guoqing, paid a sky-high $47.4 million for an apartment on an upper floor of Manhattan’s One57 earlier this month, and notched the biggest home deal of the week in the process. [Forbes]
- 2.07.2015 Manhattan Bargain: Condos for Less Than $3 Million After years of building ultra-luxury condo towers aimed at setting price records, Manhattan developers are taking a detour to satisfy demand from people who can’t afford the highest-end offerings. [Bloomberg Business]
- More News...
The concept of high-rise living—people on top of each other—or across a privacy fence in condo living, doesn’t automatically equate to a sense of community; in fact, the close proximity sometimes has opposite effect. The reality is, residents with hectic schedules and thriving careers, or those who are continuing their education and/or raising children, often have minimal time or interest in socializing with neighbors. Read More
Social media impacts just about everyone…few escape its presence in personal life or the business world. Whereas Facebook was once a leading platform for millennials, the portal has increasing appeal to the aging demographic, especially in lieu of Twitter and Instagram. Regardless of the chosen medium, social media has redefined 21st century communication, doubtlessly. Read More
Frequently, there are needs for repairs, replacements, services, cleanings, or renovations; thus, service vendors are necessary trade professionals for condo or association boards. Carmelo Milio, the president and director of property management for Trion Real Estate Management in Yonkers, says when dealing with vendors, you should treat them equally and compare apples to apples. Read More
Often, the best, most successful boards and communities share the same combination of habits and traits; all the while, the worst, least successful boards and communities share the same habits and traits, as well. Case in point: there isn’t tremendous mystery in what actions make certain communities successful…and others complete failures. Read More