Category Archives: Real Estate Market

Jason Halpern’s Contributions to the Real Estate Market

Jason Halpern is a business mogul with strong vested interest in the real estate industry. The 45 year old is the owner of the JMH Development, a leading full service real estate company reputed for its intrigue architectural displays across US. The company boasts of adopting a far-end innovative approach to creating outstanding luxurious rental apartments and commercial business space. With over $500 million invested in the New York State Projects alone, JMH has been the pioneer in the construction of one of the most outstanding and well-positioned properties in lucrative markets such as Queens, Williamsburg and Brooklyn.

Through Halpern’s diligent efforts, JMH has emerged as one of the major luxurious developers in the real estate industry. Some of the major projects he has undertaken include the recently completed renovation of 184 Kent Avenue. The renovation resulted in 340 luxury residential rentals in Brooklyn, with the project winning the 2011 Building Brooklyn Award in the Adaptive Reuse Category. The company is also hailed for some architectural masterpiece display in the construction of the townhouses of Cobble Hill. The condominium comprises of nine luxury townhouses in the coveted Coble Hill neighborhood of Brooklyn. JMH played a notable role in topping off the Aloft South Beach with the renovation and construction of world-class hotel facilities. Co-partnering with the Madden Real Estate Venture, JMH embarked on an adaptive reuse and restoration of the historic Motel Ankara, a 235-room hotel, and additional construction of a brand new eight-story tower. The hotels offer significantly large rooms and modern state-of-art facilities.

Mr. Halpern, who also serves as the Director of the Parametric Dining LLC, is widely acknowledged for his track record of restoring historic structures, turning the old abandoned buildings and other constructions into modern, fully furnished apartments and commercial business spaces.

In 2015, Jason Halpern announced a major deal that would see him acquire the waterside condominium in surfside. He mainly aimed at tearing down the surf house and constructing a luxurious 12-story tower. The 36 unit condominium dates back in 1960s, with the announcement highly welcomed as one directed to reshape the facet of the South Florida’s Prime waterfront.

Real Estate on the West Coast

The real estate market is booming in many areas. Not only are prices going up, but buyers are searching for inventory on the market. If you want to buy a home, you will have to fight off other buyers for it. This kind of market is great for people who are in the real estate business. On the west coast, the real estate market is typically more volatile than in other areas of the country. Over the long term, a lot of people are looking to make a difference in their portfolio. Investing in real estate is a great start to this process. In places like California, some places have seen a huge increase in real estate prices in just the past few years. If you are going to invest in a home, you need to make sure you are thinking about the long term implications.

 

Financing

 

One of the most important parts of buying a home is finding the financing for it. A lot of people are excited about buying a home, and they end up borrowing much more money than they can pay back. This is never a good thing, and it ends up dragging down their personal finances in the future. If you are going to purchase a home, it is important to look at the purchase from a long term view. Working with a professional can help you during this process.

 

Future Changes

 

In the coming years, a lot of people are worried about what the economy is going to do. If you want to take the next step in the process of investing or buying a home, you have to be willing to risk your money. If the real estate market crashes again, you still have to make payments on your mortgage. That is why it is so important to be conservative with your purchases. A home is one of the biggest assets that you will ever own, and you have to take emotion out of the equation when looking at buying a home. This is the best way to have success in this area.

 

On the west coast, real estate prices are going up rapidly. It will be interesting to see if this trend continues in the future or if this is just a bubble waiting to pop.

 

Adrian Jose Offers His Insights On Buying Rental Property In Panama

Before buying any property, one should have a clear understanding of the real estate. In case one is not well versed with the industry, it is always prudent to seek the help of a professional regarding the entire purchase process. The demand for real estate in Panama is high. This situation has increased the cost of property in the region. Adrián José Velasquez Figueroa points out that it is necessary for one to have adequate knowledge about market trends regarding Panama’s real estate. This way, one will be able to buy the right property. Below are Adrián José Velasquez Figueroa’s tips for finding a property in Panama.

I.Buy below market values
In order to make profits, one should purchase rental properties that are sold below their market values on Tumblr. To this end, you are required to undertake a comprehensive research and consult a reliable broker in order to gain knowledge on Panama’s real estate. Learn about the rental charges for different properties so that you buy the ideal property below market values.

II.Consider the location
Due to high demand for real estate in Panama City, some neighborhoods are too expensive. It is prudent to compare different properties before purchasing them.

III.Be informed about Panama rental laws
It is wise to read about the Rental Laws in Panama. This way, you will be aware of the requirements for real estate in Panama City.

IV.Reliability of the property’s services
Look at the availability of services like parking, gym, social areas, security and pool since most clients prefer properties that are close to different social amenities.

V.Inspection of the property
The quality of most condominiums in Panama varies due to the way that they are constructed. It is advisable to inspect the construction quality by talking to different experts and reviewing the history of the developer according to Adrián José Velasquez Figueroa. One should also look at the construction materials used and whether the condominium needs remodeling.

VI.Property management
If you plan to live far from your property, get an administrator to look after your property in order to avoid unnecessary problems according to Figueroa.

VII.Analyze the market
Analyze the market to ensure that the money you are investing in the property is proportional to the size of the same.

VIII.Management of public services
Tenants should pay for services like electricity and water. This way, if the costs increase, you will still get your income. In addition, the tenants will be cautious of their usage of these services.

About Adrián José Velasquez Figueroa
Adrián José Velasquez Figueroa is a Venezuelan professional executive. Currently, he holds three senior positions. Adrian is a president, treasurer and director in five companies based in Panama. As an active contributor in the business community of Panama, Adrian mentors young leaders. In addition, Adrián José Velasquez Figueroa regularly offers his expertise on business development. Adrian is highly knowledgeable on market trends, particularly in Panama. He uses this knowledge to offer guidelines on how people can start and run successful business.

Unpaid Loan for The Heldrich Puts New Brunswick Devco in Uncertainty

According to an article on Press of Atlantic City, an unpaid loan to finance the renovation of The Heldrich, formerly a run-down hotel, raises questions about the feasibility of Devco ever paying the money back. The $20 million loan, made in 2005, helped make The Heldrich usable again. While Devco has been touted as an excellent way of funneling public dollars to private firms to revitalize New Brunswick, there is a lot of doubt around whether they can pay back the loan since the hotel has not done well.

The Heldrich has done so badly that Devco has had to use its own funds to pay for the basics, like mattresses and other requirements for a hotel to run. While these are setbacks, head of Devco Christopher Paladino says that the hotel does a great deal for the community, including employing 235 unionized workers. “We took a crappy block and turned it into something special,” Paladino said. While he wishes the loans were repaid, he feels as if The Heldrich still has great potential to revitalize an area of New Brunswick that needed help.

Devco is a nationally recognized corporation that helps revitalize underused and run-down areas of New Brunswick, taking the lives of nearby people into consideration when they decide on a project. They are known for their public-private partnerships that insure a project will be workable and succeed. It is a private nonprofit urban real estate development company that has been around since the 1970’s. Their motto is, “a city is never finished”. Since its beginnings, the corporation has overseen $1.6 billion in revitalization efforts in New Brunswick.

Greg Hague Shakes Up The Real Estate Industry

Greg Hague is a renowned businessman, lawyer, real estate consultant, and entrepreneur based in Scottsdale, Arizona. He is also a former Dale Carnegie instructor and has keynoted over 500 real estate events across the country. Greg Hague is the author of How Fathers Change Lives a “Chicken Soup” collection of “52 Lessons from Remarkable Dads.” 52 examples of doing it right. The stories are inspiring, touching and fun. The life lessons are great.

In his 35-year career, he is best known for shaking things up in the residential real estate industry. Hague has built several real estate firms and now speaks at events across the country. Greg Hague started Real Estate Mavericks in the late 1980s in Arizona. He is a pioneer in revolutionizing home sales. He developed a 22-Step Home Launch Formula and 29-Day Fast Sale Plan as the beginning stages leading to a better direction and Greg Hague hopes to change the way agents sell houses which has not changed since the last 75 years. He refers to the current traditional home buying and selling process as hope marketing, Hodge plans to turn the real estate process around with his new real estate venture, the Real Estate Mavericks, which is a new real estate coaching company. His research shows current marketing results in a 3 to 8 percent drop in home prices, below the asking price. Hague criticizes the way the real estate industry has no advanced selling systems in place, for instance like the way Apple and Amazon products are sold than expensive homes.

Greg Hague is also the founder of the 990 Company. The 990 Company is based on a simple model that sells homes for only $990. The same program of 990 sells homes ensures that their sellers are able to attract more buyers which is a tremendous savings to the homeowner. The 990 Company has a unique program that allows a win-win program in real estate. More information about this program can be found here.

Real Estate Mavericks program reveals strategies in getting the word out quickly and getting at least “50 homes listed in 50 days” to help capture buyers’ attention and help guide the local market, which also has the increased benefit of keeping homes occupied and increasing property values. Hague explains that buyers love to see homes that aren’t yet officially on the market and are more likely to pay more than they would if the home was already out there for a while. With his unique strategy he conducts a pre-launch marketing campaign. He would have “drip feeds” of information about a great home coming soon into the market, to create curiosity and interest.

New York Real Estate Experiences Major Boom

An article in The Real Deal discussed the fact that New York Real Estate is experiencing a major boom. In other words, real estate is hot. The luxury residences and commercial properties are attracting buyers that are eager to scoop up the prime real estate. However, this has led to a sharp dip in the number of prime real properties that are available. Certainly, this is a high demand market with declining properties for sale. Furthermore, the prices for the prime real estate are rising quickly. Still, buyers are willing to pay more for the luxury properties in one of the greatest cities in the world.

New York City Real Estate Market Trends
Statistics show that new residential developments are selling and closing fast. The prime areas include Manhattan and Brooklyn. Commercial properties are also a hot ticket item in the city. The number of prime commercial properties are dwindling rapidly while prices per square foot are rising.

Town Residential
Town Residential is one of the leading real estate firms in New York. They started at the top by offering their clients the type of service that caters to their specialized needs. This care and attention to their clients should keep them at the top of the industry ladder. Looking for prime real estate in New York? Contact them and they will take care of the rest, which includes matching you with the perfect property. The fact is that each member of their staff makes the client feel that they are special and they invest their time in satisfying the client completely.

Those that are in the market for a new commercial or residential property should contact the firm. Town Residential agents are very knowledgeable about the city and all the surrounding neighborhoods. They are the industry leaders in finding luxury residential and commercial properties that match the clients specific taste.