What Investors Look For In NYC Urban Real Estate Development

on Jun 29, 2017 in Entertainment, Shopping

When it comes to real estate development in New York, getting the right development information can be the difference between a successful investment and failing one. In most cases, it is of the essence for the involved investor to undertake a detailed investigation of the development before embarking on any financial activities. The New York real estate agent market has seen the growth of some of the best companies. These companies include CompStak’s, CoStar Group, and Joe Sitt’s Thor Equities in New York. Price In any real estate development, the price of the property should be the primary point of consideration for any investor. Typically, buying property at a lower replacement cost simply means that you are buying value. Apart from this, unlike any other type of investment, the price of the real estate will rise at some point. Location Another important aspect that each real estate investor should always consider is the location of the real estate. If you purchase a real estate development that is in a prime location, there is a high possibility that the development will grow rapidly as compared to a start-up in a remote area. The Track Record of the Developer If you are searching for a readily built development, you should not be swayed by the physical appearance of the development. Instead, it is of the essence to consider the history and track record of the developer. Property Valuation The value of each property is a key determinant in real estate. Many investors are willing to invest their money in properties that guarantee them a return of their money. For instance, investment analysis, taxation, sale pricing, and insurance premium all depend on the valuation of the real estate. Expected Profit Normally, any investment is done so as to get profit in return. If an investment cannot offer tangible returns, then it would be wise to avoid it in the first place. On the other hand, if an investment can provide maximum profits, then it is only right for the investor to go after the investment. In real estate development, an investor should consider the benefits of depreciation, expected cash flow as a result of the rental income as well as the value appreciation vs. the cost-benefit analysis. Apart from the regular investors, the NYC real estate has attracted a number of celebrities such as Demi Moore, Sarah Jessica Parker, Rupert Murdoch, and Kelsey...

Westfield Corporation’s Newest Mall Brings New Life to World Trade Center

on Aug 23, 2016 in Shopping, Travel

The Westfield Corporation is a shopping center & real estate group specializing in the design, creation, promotion, ownership, administration, leasing and marketing of shopping centers worldwide. The Lowy family owns and administers this corporation, which employs global staff numbering approximately 2,000. It is run by two brothers: Steven and Peter Lowy. Westfield Corporation owns assets in 34 shopping centers in the United States and the United Kingdom. This includes roughly 6,400 retail outlets. Westfield manages assets exceeding $28 billion. The corporation is investing in the future of Westfield shopping centers by attempting to stay up-to-date and incorporate technology into the shopping centers instead of fighting to compete with a wave of e-commerce. One such example of the Lowy family’s forward thinking and leadership is the new “Westfield Cloud” which will be an innovative step towards a shopping experience which will be more personalized and includes various types of data to enrich the individual shopper’s encounter within Westfield shopping centers. The company has spent thousands to change the way people think about shopping and how they interact in retail stores. An excellent example of Westfield Corporation’s forward thinking appears in the newly opened Westfield World Trade Center mall. After fifteen years, the mall is back and better than ever. The focus of the mall has changed since the September 11 tragedy. The new mall at the World Trade Center has approximately 365,000 square feet of retail space. This makes it the largest shopping mall in Manhattan and Westfield wants to create a cultural and entertainment destination. Retailers are eager to be a part of this new beginning for the site of the 2001 devastation. Great attention to design and detail are immediately evident at the Westfield World Trade Center. Care and creativity created a much more upscale and diverse collection of retail shops as well as a well-appointed food court and other food and beverage offerings. Westfield Corporation is anticipating mall traffic to be heavy, as the mall’s hours have expanded beyond those created around typical commuter traffic. Lowy family representatives state that the roughly one hundred retail venues are an eclectic mix of everything a shopper could be looking for at any given moment. Embracing the relationship between e-commerce and brick and mortar retail locations is a large part of what Westfield Corporation believes will set this mall apart from others. Among the innovations, retailers offer a mobile app that allows shoppers to check inventory and request sizes for a swifter shopping experience. The creative use of technology paired with innovative details makes the Westfield World Trade Center a first class shopping venue and an emerging beacon of hope and new...

Shops and Big Business Coming to Brooklyn Navy Yard

on Jul 5, 2016 in Food, Shopping

Brookyln’s Navy Yard Expansion There are expected to be tons of stores coming to the redesigned Brooklyn Navy Yard, along with hundreds of thousands of square footage of residential real estate. In addition to a new Wegmans being built, there is set to be a 75,000 square feet designated for the Brooklyn Brewery’s newest expansion. This space is set to hold a rooftop beer garden and a pub. Along with the brewery, there is a building renovation in a 1-million square foot property known as Building 77, which will hold a massive food hall, mixed-use space, and offices. One of the first tenants to sign on in the food hall is the famous Russ & Daughters. Another expected tenant is: DC-Based 1776, which “will convene institutions, policymakers and startups to revitalize critical industries like education, energy, food, health, smart cities, transportation and financial services.” Finally another notable building expansion is the Green Manufacturing Center, a 220,000 square foot structure that will hold a new Mast Brothers factory & brewery and anchor tenants NewLab, which will serve as a coworking space for hardware manufacturers and Crye Precision, which develops body armor for the military. For more information on this and other plans in the yard, please visit the official site page for the Brooklyn Naval...

Luxury Fashion Finds It’s Home in Miami Design District

on Mar 14, 2016 in Entertainment, Shopping

I love visiting Miami. Miami is an amazing place. I live in a northern climate that is really cold and wet. So I often choose to go south at least once a winter. Miami is one of my favorite destinations because it has it all. The beaches are great. The shopping is fabulous and the whole area just makes me happy. One of my favorite things to do is shop the kinds of high end fashion stores you find here. I love walking along the streets of the Miami design district and walking into all the new stores there including the many boutiques in Miami. The Old District I’ve been coming to Miami for over two decades. When I was in my teens, my mom would bring us all here for a week or so every now and then for some fun in the sun. When I was a kid, I remember the entire area. Since that time, I’ve come here myself as an adult with my own kids. In the last few years, I’ve seen the region change. The old stores are gone. In their place are wonderful new stores that are much more upscale. The new district is now a much more interesting place to shop. Easy Parking I visited the design district just a few days ago. I was so pleased the last time I went there. The parking is ample, making it very easy to just get in your car and go. I went into a lot of stores just to browse and see some amazing things in person. I also went there to see if I could find a present for my eldest daughter. She’s about to graduate from college with high honors and I wanted to give her something special and wonderful that she would remember the rest of her life. Upscale Luxury Shops I went looking in many shops here for a few hours. I found lots of choices at Cartier, Bulgari and Harry Winston. In the end, I decided on a piece from Tiffany’s. My daughter loves delicate, elegant jewelry with lots of detail. The piece I choose was just right for her. Seeing things in person is such a great way to shop. I was pleased that I had the chance to slip away for a few hours and find dozens of choices right here in this wonderful luxury shopping...

Google, travel and intimacy

on Mar 14, 2016 in Shopping, Travel

Should companies involved in the travel-planning process be concerned about the release last week of Destinations on Google, a mobile format designed to help travelers get from the top of the funnel (when they are still deciding where to go and what to do) to the bottom (booking)? The stitching together by Google of travel research, imagery, consumer behavior and inventory (linked to third-party and supplier-direct booking engines) has been a long time coming. Google flight- and hotel-search functions have been up and running for years. It owns Zagat Surveys for restaurant reviews. In addition, Google Earth, Google’s Art Project, which displays 360-degree views of rooms in major art museums; Google Translate, the Google-owned GPS navigation app Waze; and the panoramic displays of Street View could all be seen as travel-related products. But until Destinations, it appeared that Google’s travel-related projects were being released in a linear, rather than integrated, fashion. That has puzzled me. A few years ago, I suggested to a Google executive that his company could use Google Earth to zoom into Athens, Street View to bring the user to a hotel, Art Project to show the rooms in the hotel and then perhaps have an avatar take the booking. “Why don’t you do that?” I asked. “Why don’t you?” he replied. He said Google had already developed the tools, and there was nothing preventing someone from putting together a product similar to the one I described. (Well, nothing but technical know-how and funding.) See more from Travel Weekly’s analysis of Google’s new Destination...

New High Fashion Boutiques Are Calling Miami Home

on Feb 22, 2016 in Entertainment, Shopping

So, when you consider it and for anyone who is looking for a new, high end fashion boutique, they need to check out Miami. In the heart of the Miami Design District, which is just a stone’s throw from Miami Beach, there are plenty of new fashion and luxury hot spots popping up.

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