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Introduction / Latest Articles

Hot off the presses comes the most recent articles from print and the web featuring Halstead Property. Below you will see a list of articles from the last seven days that feature everything from our exclusive properties, award winning agents, comprehensive market reports, superior services and much more. To view the full details of a specific article below, simply click on the title of the article. To view more of our recent press please use some of the options that appear on the left side of this page.

The Real DealAt The Desk Of Jim Gricar

Halstead Property’s president talks “Jesus Christ Superstar,” ‘60s furniture and Hot Wheels Cleveland native Jim Gricar, president of Halstead Property, moved to New York as an actor in 1989. He appeared on Broadway, including in “Sweeney Todd” and “Jesus Christ Superstar.” But he eventually tired of the nonstop work and wanted to “feel tangible success.” He became a broker with the Corcoran Group in 1998. His network of friends didn’t do much to jumpstart his new career. “My friends were all actors who couldn’t afford cabs, let alone apartments,” he said. A few years later, founder Barbara Corcoran asked Gricar to try management. At...
The Real Deal - Wednesday, October 01, 2014

The Real DealCan Harlem's Rise Roar On

How much more can Harlem real estate rise? That’s the key question concerning area developers and investors who have been flocking to Harlem since the mid-aughts, during both the last real estate boom and again during the current development craze. This month The Real Deal talked to residential brokers who specialize in Harlem to get a sense of what kind of growth is really left in a neighborhood that has become a destination for more affordable condos and brownstones (where more exist than in Manhattan). Our sources insist prices have not yet peaked and that there’s plenty of room left for growth. They also argue that as long...
The Real Deal - Wednesday, October 01, 2014

The Real DealNYC S New Hybrid Wave

In the annals of New York City real estate, the residential development at 400 Park Avenue South is something of an anomaly. The 40-story building is part rental, part condo, with two developers sharing a general contractor and little else. At the base, Sam Zell’s Equity Residential is installing 269 rentals that will occupy floors two through 22. At the top, Toll Brothers City Living, run by David Von Spreckelsen, is building 81 condos on floors 22 through 40. “It’s almost as if we’re developing two separate buildings within the same shell,” said Todd Dumaresq, marketing manager for Toll Brothers City Living, which is reportedly spending $155 million...
The Real Deal - Wednesday, October 01, 2014

New York PostManhattan Apartment Sales Dip As Prices Stay High

The average Manhattan apartment sales price has dipped slightly from its peak, and fewer apartments are selling — signs that buyers are pushing back against high prices. The average Manhattan apartment sales price for the third quarter of 2014 was $1.64 million, still hefty but down 1 percent from the second quarter — though it’s still up 15 percent from last year’s third quarter, according to The Corcoran Group’s latest market report. High apartment sales prices are most striking in new developments, where the average sales price surged a stunning 77 percent in one year, from $2.06 million to $3.65 million. However, units in new developments made up...
New York Post - Wednesday, October 01, 2014

CrainsHigh Prices Take Toll On Residential Sales

The median price of Manhattan homes inched up only slightly during the third quarter of the year, but many owners are pricing their property as if the market is still soaring, according several real estate experts. The median sales price for a Manhattan home hovered around $900,000, according to a number of reports released Wednesday. But despite an inventory jump of nearly 25% compared to same quarter of 2013, sales volume slumped nearly 15%. Granted, the sales volume is coming down off of historic highs, but many experts believe the decline in transactions can also be attributed to sellers, inspired by the aggressive pricing at some trophy condos...
Crains - Wednesday, October 01, 2014