Manhattan’s Value Menu

Location: Things are bad out there. Who’s buying apartments in Manhattan right now?

Ms. Ramirez: Apartments, to some degree—not to some degree—they’re your homes. It’s the people that need homes. Life goes on and you need homes. … The bottom-line issue of who is buying is, it’s all value purchases.

Luxe Flux!

"We are dealing with a much different market than the same time as last year,” said John Parsegian, a senior vice president at Halstead Property who specializes in the luxury rental market.

Indeed. As rental market reports heap seemingly endless piles of bad news on an already jittery industry, it’s becoming Read More

Big Swig

It was 10:30 on an overcast Monday in early November, and Kent Swig, one of New York’s biggest landlords, was sitting at a conference table in the chic seventh-floor offices of his 20-story building at 770 Lexington Avenue. The windows framed a dreary autumn morning on the Upper East Side.

Mr. Swig, 47, wore Read More

Halstead Stakes Its Investment Sales Claim

Odd timing. That’s what New York investment brokers are saying about Halstead Property’s recently announced plans to open a commercial real estate investment arm during one of the worst markets in recent history.

“I don’t think it’s a great idea,” said an investment broker from a rival and well-established firm, which, though it has Read More

Halstead Launches Investment Sales Wing

Residential brokerage powerhouse Halstead Property announced today it has launched an investment sales division to broker commercial real estate deals. The division will be headed by John D. Goldman as managing director and will be headquartered at 770 Lexington Avenue.

Mr. Goldman comes from Murray Hill Properties, where, according to a Halstead release, he sold Read More