The Real Deal New York

Posts Tagged ‘Gary malin’

  • citi-habitats

    From left: Citi Habitat’s Peter j. Sobeck, Eugene Litvak, Gary Malin, Candace Medina and Roy Silber; Sofia Corradini, Allan Gewurtz and Adelya Terranova

    Citi Habitats’ Litvak team, led by broker Eugene Litvak, took home top honors at the brokerage’s annual awards ceremony, which was held at Espace in Midtown. [more]

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  • From left: 60 Warren Street in Tribeca and a rendering of 19 East Houston Street in Soho

    From left: 60 Warren Street in Tribeca and a rendering of 19 East Houston Street in Soho

    The median price for a New York City home in 2013 rose just two percent year-over-year to $475,000, according to data from StreetEasy, but the price changes in individual neighborhoods were far more pronounced. [more]

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  • New York by Gehry at 8 Spruce Street

    New York by Gehry at 8 Spruce Street

    Forest City Ratner’s residential skyscraper New York by Gehry is renewing tenants’ leases without spiking the rent, possibly signifying a plateau for the high-end rental market. [more]

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  • From left: Paul Massey and Gary Malin

    From left: Paul Massey and Gary Malin

    New York City real estate firms are opening up their wallets and hiring in greater numbers, the Wall Street Journal reported.

    The number of real estate jobs in the city jumped to 122,000 in July, a year-over-year increase of 2.9 percent, according to New York State Department of Labor data seen by the newspaper. [more]

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  • Figures from Citi Habitats

    Figures from Citi Habitats

    Rents in the County of Kings are matching the heat outside, as June apartment rents rose to what is likely the highest ever, while rents in Manhattan stayed firm, reports released today by leading residential brokerages show. [more]

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  • Average rents in Manhattan in April (courtesy: Citi Habitats)

    Rents continue to rise in both Manhattan and Brooklyn, according to monthly market reports from leading residential brokerages released today. And the market is only slated to tighten further, real estate executives said. [more]

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  • Manhattan rents in March (per Douglas Elliman)

    Aspiring fiction writers and artisanal mayonnaise purveyors beware: rents are rising appreciably faster in Brooklyn than in Manhattan, according to real estate maven Jonathan Miller, author of a monthly Manhattan and Brooklyn rental market report released today by Douglas Elliman. [more]

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  • Citi Habitats president Gary Malin

    Residential real estate brokers in the city are preparing for a marquee year, and are investing in new offices and additions to their teams, Crain’s reported. After a severe contraction in the wake of the financial crisis, the broker market is well on the way to recovery, with the number of brokers in the city rising 2.5 percent last year to 12,384, according to state records seen by Crain’s. Industry insiders predict that a new record will be set this year, as several hundred new brokers are poised to enter the market. There was also a 24 percent increase in the number of people taking the broker’s licensing exam, though the 2012 number of 17,493 is still a far cry from the 2005 high. … [more]

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  • Citi Habitats president Gary Malin

    From the February issue: Tongues wagged in the industry last month when Gordon Golub, a top executive and 18-year veteran at residential real estate brokerage Citi Habitats, left the firm for the tech start-up Urban Compass. His departure is the latest in a series of significant changes at Citi Habitats, one of Manhattan’s largest firms and its most dominant rental company. Citi’s head of new development marketing, Clifford Finn, left for Douglas Elliman this fall, and his division was moved over to Corcoran Sunshine, the new development arm of the Corcoran Group, which acquired Citi Habitats in 2004. [more]

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  • Source: Citi Habitats

    Manhattan residential rental rates reached a new all-time high for the sixth consecutive month, according to Citi Habitats’ latest rental report but there could be some signs of relief in sight. The vacancy rate stood at 1.19 percent last month, the highest it has been in the month of August, typically the peak of the rental market, in three years. In August 2011, for example, the vacancy rate was 1 percent.

    This marks the second straight month of relatively high vacancy rates, which could be a sign that renters are balking at higher prices. [more]

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    Citi Habitats, as part of its ongoing rebranding effort, this morning unveiled its new logo, colors and branding to its agents who had gathered at the Ziegfeld Theatre in Midtown.

    Advertising and design firm Amaratti designed the new materials, which are black and white with touches of yellow (see video after the jump for images of new signage and office fronts). The process of picking a firm and designing the new imaging took around eight months and required a “substantial” monetary investment from the firm, according to Citi Habitats President Gary Malin. … [more]

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  • Manhattan apartment seekers had more rental units to choose from in July, a new report says. The vacancy rate for rentals in the borough reached 1.20 percent in July, an increase compared to the previous July, when the rate was 0.86 percent, according to a monthly report released today by Citi Habitats.

    This is the second consecutive month the firm saw an increase in rental inventory, and represents the highest level of available apartments since this past March, when the vacancy rate was 1.25 percent. In June, it was 1.01 percent, the report says. [more]

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  • Q2 rental report, courtesy of Prudential Douglas Elliman

    The cost of a Manhattan rental apartment climbed to a median price of $3,125 per month in the second quarter of 2012, a new report shows. At the same time, more units came on the market, but the increased inventory isn’t necessarily good news for renters.

    In the second quarter of 2012, rental listings rose 27.9 percent, to 5,660 units from 4,427 units, compared to the same period in 2011, showing evidence of “market churn,” according to a report released today by Prudential Douglas Elliman.

    “The rise in inventory is a phenomenon created by people vacating their units when presented with a significant rent increase,” said Jonathan Miller, president of the appraisal firm Miller Samuel and author of Elliman’s report. “Technically it’s happening, but the property becomes available for a short period of time and is snapped up.” [more]

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  • Citi-Habitats President Gary Malin and the firm's two Gramercy offices

    Rental and sales brokerage Citi Habitats is shuttering two of its Gramercy-area offices in an effort to consolidate its presence in the neighborhood and expand elsewhere in the city.

    The two offices at 27 East 22nd Street and 32 East 22nd Street will close in the next few months, company president Gary Malin told The Real Deal today; the 55 agents currently operating from those spaces will be relocated to the firm’s revamped company headquarters at 250 Park Avenue South. [more]

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  • Manhattan

    The Manhattan residential rental market saw rents increase across all apartment categories, the vacancy rate drop, and concessions recede in April, according to the monthly rental market report from Citi Habitats released today. “If we are able to get these rents and the demand is what it is it really does speak to the economy’s strength,” said Gary Malin, president of Citi Habitats. “In the end, if you want to be in Manhattan, sacrifice is par for the course.” [more]

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  • Manhattan’s record-high rents, which are isolated from the still uneven economy, are driving several significant changes in the market, according to the New York Times. Brokers say more young people are sharing apartments, and even sacrificing a living room in the process, in order to ease the burden of rising rents. Other renters, who in the past would only consider Manhattan, are being drawn to the outer boroughs. [more]

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  • (source: MNS)

    The Manhattan rental market is so strong that it’s broken free of the shackles of seasonality and continued its uninterrupted growth, according to market reports released today by brokerages Citi Habitats and MNS.

    The average Manhattan monthly rent was $3,376 in February, according to Citi Habitats, which bases its data on deals its brokers facilitate. That’s just $18, or less than 1 percent, below the all-time peak recorded by the primarily rental brokerage in May 2007. [more]

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  • The Manhattan residential rental market saw an increase in vacancy rates and incentives for tenants, while rents rose from December, in what is usually the slow-as-molasses month of January, according to a monthly rental market report from Citi Habitats released today.

    “Absent any seismic changes I think it’s just going to be another strong, stable market for the landlord [this year],” said Gary Malin, president of Citi Habitats. “It would take a real change in the economy to change [the market] to the tenant’s favor.” [more]

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  • From left: Clifford Finn of Citi Habitats; Pamela Liebman of the Corcoran Group and Gary Malin of Citi Habitats; Gary Malin, Gabriella Schaefer and Gordon Golub, all of Citi Habitats; Jay Heydt, Elizabeth Hamersley, Tracie Hamersley and Gary Malin, all of Citi Habitats

    Tracie and Elizabeth Hamersley of the Hamersley Team at residential brokerage Citi Habitats took home top honors at the firm’s annual awards, held last Tuesday night at a penthouse lounge at 230 Fifth Avenue, at 27th Street.

    The pair won awards including Top Team of the Year by overall production, Top Rental Team of the year and Top Sales team of the year. Meanwhile, Rado Varchola, a senior vice president at the company’s office at 250 Park Avenue South, was elected Top Individual of the year by overall production and Top Individual of the year in sales. Top Rental Individual went to Deacon Hoy, director of corporate relocation, also on Park Avenue South. [more]

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  • Landlords rejoice!

    January 12, 2012 12:01AM

    Landlords continue to have the upper hand when it comes to Manhattan’s residential rental market, according to fourth-quarter reports released today by brokerages Prudential Douglas Elliman and Citi Habitats. The median asking rent climbed 6.6 percent over the last year, and vacancies were filled at a near-record pace, according to Elliman, while both firms reported a sharp decline in concessions. [more]

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