Thursday, October 16, 2014

No real estate bubble: JPM, Starwood, Morgan Stanley pros | Cross River Real Estate

Big names in real estate investing don't believe there's a market bubble.
Despite high valuations, homes, office buildings and other types of real estate remain attractive today, especially in comparison to other asset classes and given low interest rates, according to some deep-pocketed pros.
"We don't think there's a broad-based bubble in the real estate market today nor do we think there's one coming in the next year or two," said Chris Graham, a senior managing director at Starwood Capital Group, a $37 billion real estate investment firm.
"There's still room for upside here," Graham added during remarks Wednesday at iGlobal's Global Real Estate Private Equity Summit in New York.
"While these assets are fully priced, in my view, we are not in a bubble as that would require an extensive expansion in debt," Paul Vosper, co-head of the Morgan Stanley Alternative Investment Partners Real Estate Fund, said after the same event in reference to prime markets like New York City and London. "While the debt markets are expanding, there is still discipline in the credit underwriting of that debt."
Mike Kelly, director of U.S. real estate commingled Funds at J.P. Morgan Asset Management, agreed there was no bubble.
"It's certainly a competitive market," he said, but noted that real estate remains attractive compared to other asset classes.


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http://www.cnbc.com/id/102091518

Wednesday, October 15, 2014

How to Design a Garden for Native Bees | South Salem Real Estate

Most people are aware of the honeybee crisis, but honeybees aren’t the only ones in trouble. Other pollinators are also in decline. Since becoming aware of the honeybee crisis, researchers have put more emphasis into studying all pollinators. They have learned that native bees not only pollinate crops alongside honeybees, but also improve the efficiency of honeybee pollination. And some native bee species are even more efficient at pollinating than honeybees.

Nurturing a garden habitat for native bees gives them a place in which to live, eat and raise their young. Creating a habitat for bees is creating a wildlife habitat for all, because it attracts other wildlife, such as butterflies, birds, hummingbirds and other insects. See how and why you should design your garden for native bees below.

Monday, October 6, 2014

Your October Home Checklist | Katonah Real Estate

With the air turning crisp, leaves falling and farmer’s markets overflowing with squash, gourds, apples and potatoes, October is a time to celebrate the harvest — and button up the home and garden for the winter ahead. From raking leaves to sharpening knives, see which of these 13 to-dos make your list this month.

Wednesday, September 24, 2014

You Could Do So Much With This $1.7M Deco in The Gables | Bedford Hills Real Estate



This charming art deco house on Coral Gables' picturesque De Soto Boulevard was built around 1938 and retains loads of original details on the exterior, including glass block, decorative pilasters framing the front door, and that cool, collected air of knowing you've got style. The interiors of the $1.7 million dollar house, meanwhile, are pretty literally a blank slate, although it has been updated with new appliances and impact-resistant glass windows. Wooden beams on one of the ceilings (Dade County Pine perhaps?) as well as original-looking floors throughout, and the gorgeous original staircase, are swaddled in a sea of white. The possibilities are endless.


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http://miami.curbed.com/archives/2014/09/22/you-could-do-so-much-with-this-17m-deco-in-the-gables.php

Monday, September 22, 2014

Say Hello to High Line at the Rail Yards, the Park's Final Leg | Bedford NY Real Estate



The third and final stretch of the High Line will open to the public tomorrow, marking the end of a 15-year development saga, and availing to pedestrians a seamless 22-block stretch between Gansevoort and 34th streets. Known as High Line at the Rail Yards, the park's final portion stretches from 30th Street and Tenth Avenue, cuts west, and curves north to 34th Street near the West Side Highway. Just one portion of the 1.45-mile-long park, the Tenth Avenue spur, is inaccessible and will remain closed until construction of 10 Hudson Yards is complete in 2015


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http://ny.curbed.com/archives/2014/09/20/say_hello_to_high_line_at_the_rail_yards_the_parks_final_leg.php

Friday, September 19, 2014

Merv Griffin's Rehabbed Carmel Valley Ranch Returns for $6M | Pound Ridge Real Estate



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The former Carmel Valley estate of the late entertainer and media mogul Merv Griffin is back on the market. The radio and big band singer-turned-talk show host—you might recognize the set of his eponymous show from an unforgettable Seinfeld episode—added the 57 acres to his hefty property portfolio in the 1970s. The hilltop estate consists of what the listing calls a "collection of private cottages and guest suites surrounded by lawns and entertainment areas," along with vineyards and an accompanying ranch. The asking price for the Jeopardy! and Wheel of Fortune creator's former summer retreat is $5.975M.

                      
That's down from the $6.2M it was shopped around for in 2007, shortly before Griffin's death, when the Real Estalker reported he was putting it on the market because he didn't use it enough. This time around, Hawkridge has been "lovingly restored and updated by Merv's friend and former CEO of the Griffin Group into an extraordinary family compound and private retreat." The buildings on offer include a 2,180-square-foot main house with a combined living-dining room and kitchen (but no bedrooms), a two-bedroom (converted?) pool house, a four-bedroom guest building, a one-bedroom guest cottage, and the two-bedroom cottage that Griffin stayed in. With the caretaker's unit and recently added "entertainment center" thrown in, there's a total "livable area" of 9,378 square feet, which doesn't include a garage with an attached area for wine storage, and a combined barn and workshop.




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http://curbed.com/archives/2014/09/18/merv-griffins-carmel-valley-ranch-for-sale.php
 

Thursday, September 18, 2014

Remembering the Grand Spectacle of the 1939 World's Fair | Chappaqua NY Real Estate

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All photographs were taken by Harold Webber and printed by Henry Webber. A selection of these photographs is now on view until October 11th at The Civil Service Café and Gallery, 279 Nostrand Avenue, Brooklyn.

"You should've seen it at night," my late grandfather, Harold Webber, used to say as he wistfully described to me the grand spectacle—with its massive architecture, state-of-the-art exhibits, and millions of visitors—that was the 1939 New York World's Fair.
 
At the time of the Fair, my grandfather was a 25-year-old amateur photographer and railroad enthusiast from the Bronx. He had attended Stuyvesant High School and Fordham University during the Depression, and he was about to embark on his 40-year career as a design engineer for Bell Laboratories. He and his younger brother spent their spare time photographing steam locomotives around New York and New Jersey. Through his charter membership in a train hobbyist's group, the Railroadians, my grandfather was asked to volunteer at the Fair's railroad pavilion. In exchange for his help, he received an unlimited admission pass to the Fair's 1939 and 1940 seasons, which granted him expanded access to the grounds and a unique vantage point from which to photograph the event.




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http://curbed.com/archives/2014/09/17/1939-worlds-fair-photos.php