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  • May 25
    What is the EB-5 visa program that is being touted to foreign investors?
    The Brick Underground, a self-titled, "daily survival guide for buying, selling, renting and living in New York City" recently released an article about the EB-5 visa, and how it aids foreign investors in obtaining US citizenship. The program was initially created in 1990 as part of immigration legislation aimed to increase foreign investments in US properties, and to increase job growth. Our own principal, Edward Mermelstein explains that, "from a developer's perspective, the...
  • May 11
    The biggest price cuts on luxury pads last week
    The biggest price cuts on luxury pads  last week An UES townhouse received the biggest price reduction By Miriam Hall | May 02, 2017 05:57PM   Clockwise from bottom left: 870 Park Avenue, 28 West 76th Street, 100 East 53rd #49A, 75 Central Park West #PHA Don Imus knows a thing or two about getting cut. But this time, the radio show host, who was famously dropped by CBS in 2007, is doing the slicing and dicing. He’s just lowered the asking price of his Up...
  • May 11
    NYC ranked 22nd globally in the first quarter
    WATCH: Luxury prices are skyrocketing in these 5 cities NYC ranked 22nd globally in the first quarter By Alistair Gardiner | May 09, 2017 04:45PM   On a global level, New York City’s luxury market is beginning to lag behind. According to Knight Frank’s Prime Global Cities Index (released Monday) prices for the city’s dearest pads remained flat in the first three months of the year, while high-end home prices exploded in competing global cities. The...
  • Sep 03
    12 Most Luxurious Manhattan Real Estate Projects This Fall
    New York is becoming Disney World for wealthy condo fanatics. A wave of glitzy new condominium projects is coming to Manhattan by the end of the year, bringing the annual total of new apartment units to a whopping 5,300 — more than twice the number that hit the market during the same period last year, according to data provided to the Daily News by new development marketing firm Corcoran Sunshine. “After several years of extremely limited new development introductions, the market r...
  • Jul 22
    New Disclosure Rules for LLCs in New York Luxury Real Estate
    New Disclosure Rules for Shell Companies in New York Luxury Real Estate Sales   New York City’s luxury real estate market has become less and less transparent and increasingly alluring for foreign buyers, many of whom remain invisible behind limited liability companies.  Advertisement Continue reading the main story Continue reading the main story Continue reading the main story Seeking to increase transparency in the luxury real estate market, the de Blasi...

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