JULY Edition New York Lifestyles Magazine

If anyone has a property that they believe is worthy of an article in New York Lifestyles Magazine please email me some details to my Real Estate Editor email addy:

Daniel@NewYorkLifestylesMagazine.com

Thank you.

MNDFL Meditation Article

http://newyorklifestylesmagazine.com/health.html

Real Estate Articles:

http://newyorklifestylesmagazine.com/real-estate.html

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The New Age of Luxury is Here

I am re-reading some of my older blogs and wanted to post this one about a deal in SoHo that occurred two years ago.  As you know the Luxury market has developed quite robustly in the past two years.  Re-reading my words that called it and sharing it with you.

If you are interested in investing in NYC real estate feel free to contact me at Daniel@apgny.com or directly at 718-662-9493.

Thank you.


Written on Tuesday, 15 April 2014 11:58 am

“I have been speaking about the “Luxury” market on my blog spot.  Here is an example of what I am referring to.  Look to see more deals such as this going on throughout 2014 and beyond.  The new age of “Luxury” is here.”

Link to Blog:

http://danieljbollinger.realtytimes.com/announcements1/item/28337-soho-properties-and-mhp-real-estate-services-join-with-hampshire-hotels-management-to-close-on-acquisition-of-560-seventh-avenue

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New York Lifestyles Magazine – June 2016

Here are a few articles that I wrote for NYLM for the month of June.

http://newyorklifestylesmagazine.com/real-estate.html

And one restaurant review:

http://newyorklifestylesmagazine.com/dining.html

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Juan Perez at Torrecilla Baja Ward

Juan Perez at Torrecilla Baja Ward

Identification of the Subject Property

The subject property for sale is described as an 826 acre vacant parcel of oceanfront land located between Kilometer markers 10.3 and 12.3, State Road 187, Municipality of Loiza, Commonwealth of Puerto Rico USA (5 minutes from main airport Luis Munoz Marin). The property has antique zoning rights that date back to 1883 and supersede ALL current zoning. This has a tremendous positive affect on the market value and marketability of the subject property because the owners are allowed to develop a wide variety of commercial projects such as: renewable energy, movie/film, recreational, agriculture and aquaculture. The property features over one half mile of Atlantic Ocean frontage and wide white sandy beach. All public utilities (except sewer) are at the property and it has an excellent location just 10 miles east of Metropolitan San Juan. The property is easily accessible via State Road 187 which runs through the property.

Legal Description

As recorded in the Commonwealth of Puerto Rico:

Parcel of land named Juan Perez at Torrecilla Baja Ward, Municipality of Loiza, Puerto Rico, which composes an area of approximately EIGHT HUNDRES TWENTY SIX ACRES. Bounding at the North by the sea; at the South with Mr. Teodoro Chevremont Hacienda; at the East with Public Land; and at the Western most portion of Juan Perez Farm.

Ownership

International Investments (Holdings) LTD, and offshore entity incorporated at St. Vincent and The Grenadines.

Zoning

The subject property is located in the Pinones Special Zoning Planning Area. The special land use plan and zoning classification for this area have been in effect since June 1995.

According to the zoning maps, the subject property has the following zoning classification:

  • B-2 Mangrove Forest Zone
  • CR-1 Conservation of Resources 1 Zone
  • CR-A Conservation of Archaeological Zone
  • DTS Tourism Selective

According to the Pinones Special Planning Area zoning map the majority of the property is zoned B-2, followed by CR-1 and CR-A. The northeastern most corner of the subject property is zoned DTS (a tourism classification). It is important to note that the subject property has been private property since 1883; as such the property has antique zoning rights that supersede all current zoning. The antique zoning allows a wide variety of commercial projects including a destination resort hotel and casino; residences; golf course, spa and beach club.

Supporting Documentation

2011 Title Search Abstract

2003 MAI Appraisal (413 Acres)

2007 MAI Appraisal (826 Acres)

Past Neighborhood Development News

Past Partners Information

Past Partners Additional Information

Contact Information

Daniel J Bollinger

LIC. RE Salesperson

Homes By Mara

567 Jericho Turnpike

Syosset, NY 17991

(718)662-9493

DanielJBollinger@Yahoo.com

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Chinese Are Dominating The International Real Estate Market Without Even Leaving China

Chinese Are Dominating The International Real Estate Market Without Even Leaving China

Blog written by Daniel Bollinger, Article written by Clare Jim

The trend that I have been informing you about is advancing more rapidly than even I expected. Some of the highlights of this article if you don’t read the whole thing through:

purchasing millions of dollars in property on the other side of the globe is a lot like ordering a new t-shirt online – search and click”

“Social media is the catalyst, connecting Chinese buyers and overseas agents.”

“In the last six month of 2013, $1.1 billion worth of potential transactions were referred to international agents by Juwai.com, the largest real estate portal that targets Chinese buyers looking abroad.”

more money is flowing to real estate markets such as New York, London and Sydney. Chinese have overtaken Russians for the first time as the biggest buyers of apartments in Manhattan, according to real estate brokers.”

This is only the beginning. Watch for this trend line to hyperbolate in the coming year and beyond.

Be ready, advertise on Chinese social media sites (Jinti.net, Jinti.com) and make sure your listings are translated into languages that international investors understand (real-buzz.com).

Daniel Bollinger

Social Media Coordinator &

Sales and Business Development Manager
DJB Business Development, LLC

Cell:  718-662-9493

DanielJBollinger@Yahoo.com

BlogSpots:
https://danieljbollinger.wordpress.com
http://DanielJBollinger.realtytimes.com
Facebook:  https://www.facebook.com/daniel.j.bollinger
LinkedIn:  Daniel Bollinger

Article below

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Source: http://www.businessinsider.com/chinese-are-dominating-the-international-real-estate-market-online-2014-4#ixzz30HmFqYYa

Chinese Are Dominating The International Real Estate Market Without Even Leaving China

Clare Jim, Reuters
Apr. 25, 2014, 8:44 AM

HONG KONG (Reuters) – For some Chinese investors, the first step to purchasing millions of dollars in property on the other side of the globe is a lot like ordering a new t-shirt online – search and click.

Social media is the catalyst, connecting Chinese buyers and overseas agents. At least one prospective buyer entrusted an agent with $100 million to invest in residential housing. Others bought houses in Houston or plots of land in Colorado, sight unseen, according to real estate agents.

In the last six month of 2013, $1.1 billion worth of potential transactions were referred to international agents by Juwai.com, the largest real estate portal that targets Chinese buyers looking abroad. It was unclear how many deals were actually completed.

As property prices cool in Hong Kong and Singapore, which have long been magnets for Chinese investment, more money is flowing to real estate markets such as New York, London and Sydney. Chinese have overtaken Russians for the first time as the biggest buyers of apartments in Manhattan, according to real estate brokers.

Chinese buyers invested $13.5 billion in overseas property last year, compared with $6.3 billion a year earlier, according to real estate consultancy Savills.

China’s social media platforms such as QQ, WeChat and Weibo are hugely popular among younger property buyers, many of them 20-something scions of China’s wealthy families. They are driving a new phase of Chinese outbound property investment that is expected to grow 20 percent per year in the coming decade.

“Social media is immediate and familiar to the buyers, it’s a way to connect people without formality and without introduction. And then you have a little connection,” said Joel Goodrich, a San Francisco-based agent who specializes in luxury real estate.

He and his co-worker in New York were referred a Chinese businessman by Juwai.com at the end of last year. The client gave them a budget of $100 million to invest in real estate in New York. They have been communicating over QQ Chat, a popular instant messenger in China run by Tencent, and the buyer has made plans to visit the U.S. city to check out his options.

Juwai.com has also referred clients with budgets of $200 million and A$320 million ($298.93 million) to real estate agents overseas, according to Andrew Taylor, the property website’s Hong Kong-based co-chief executive officer.

China tightly controls foreign currency transactions. Individuals can exchange Chinese yuan for a maximum of $50,000 a year. Chinese companies, however, can buy more U.S. dollars than otherwise allowed by fake invoicing. Many wealthy Chinese have made use of corporate and legal entities to transfer large sums overseas.

SEARCHING FOR INVESTMENTS

Juwai.com’s Taylor said his portal has worked with customers as young as a 20-year-old student who was studying in the United States and looking to buy property there for his family back in China.

Since the website launched 2-1/2 years ago, the types of inquiries have changed. Where once clients were looking only for a place to live in the United States, now it’s often about finding a good investment.

“They’re asking questions about what’s the capital gain, what’s the yield potential, what’s it like living here and what are the taxes,” Taylor said.

Goodrich said 99 percent of his clients buy for investment and they look for yields of around 3 to 4 percent. The top 1 percent are looking for a trophy property.

Soufan.com owned by Nasdaq-listed Sina Corp, Meiaoju.com and Auproperty.com.au are other marketplaces that work on a similar business model, acting as intermediaries for Chinese buyers and overseas agents.

Other domestic and international online agents are also scrambling to form new partnerships and expand their services. Earlier this month, U.S. real estate information company Zillow Inc said it planned to partner with China’sBeijing Yisheng Leju Information Services Co, an affiliate of E-House (China) Holdings Ltd, to tap growing interest from Chinese mainland clients, the second-largest foreign buyers of U.S. homes last year.

Chinese buyers spent $425,000 on average on U.S. homes as of the end of March 2013, with 69 percent of deals reported as all-cash purchases, according to Zillow.

Although most buyers prefer to check out properties in person before buying, some have agreed to long-distance deals.

Gladys Wang, a Chinese agent based in Houston who has more than 1,400 followers on Weibo, China’s version of Twitter, said she had clients closing deals to buy $300,000 to $400,000 properties without even seeing them.

“Many Chinese are not familiar with Houston, but they learnt more about the city by following my posts on Weibo,” said Wang.

“Nowadays consumers look at reviews before they make a purchase. Social media is good for this. They have more trust in me than those who found me through ads, because they have been following my Weibo, and that speeds up the buying process.”

Instead of selling physical properties, some agents opt for land sales which cost less and close faster.

Frank Hu, an agent listed in Soufun.com’s U.S. website, focuses on selling land in Colorado and Hawaii because the entry-level investment is much lower at $10,000 to $20,000.

“Clients don’t need to visit the land before buying; there’s nothing to see about land. We only need to provide clients information like its location and price,” he said. ($1 = 1.0705 Australian Dollars)

(Additional reporting by Beth Gladstone in NEW YORK; Editing by Emily Kaiser and Alex Richardson)
Read more: http://www.businessinsider.com/chinese-are-dominating-the-international-real-estate-market-online-2014-4#ixzz30HmKo7Zw

 

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International Buyers still active in San Diego Real Estate Market

International Buyers still active in San Diego Real Estate Market

Blog written by Daniel Bollinger, Article contributed by U-T San Diego real estate

I cannot stress enough that the word for 2014 is “Luxury”. This article reinforces what I have been saying in my blog for some time now. Even though you see the San Diego market cooling, the Luxury market is still red hot.

This quote says a lot: “The internet has changed the way international buyers search for property.”

The article goes on to talk about Sotheby’s international presence on the web.

Daniel Bollinger

Social Media Coordinator &

Sales and Business Development Manager
DJB Business Development, LLC

Cell:  718-662-9493

DanielJBollinger@Yahoo.com

BlogSpots:
https://danieljbollinger.wordpress.com
http://DanielJBollinger.realtytimes.com
Facebook:  https://www.facebook.com/daniel.j.bollinger
LinkedIn:  Daniel Bollinger

Article below

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Source: http://www.utsandiego.com/weblogs/real-estate-updates/2014/apr/24/international-buyers-still-active-san-diego-real-e/

International Buyers still active in San Diego Real Estate Market

Written by | U-T San Diego real estate | 3:35 p.m., Apr 24, 2014

Despite the current global economic picture, the purchase of luxury real estate in San Diego is still solid.

In a recent Forbes article titled; Foreign Buyers’ Market Has Slowed, But It’s Still Very Hot, luxury REALTOR Amber Anderson with Pacific Sotheby’s International Realty of La Jolla stated ” my international buyers are here looking for that second or third house. Most places in the world you can’t buy property like you can here. You can find a house on a bluff in La Jolla and whether you’re from Switzerland or China you can purchase it”. She also pointed out that “a large part of the allure for her clients is how relatively easy it is to buy U.S. property, as compared to other countries where prices are high or it’s nearly impossible to buy.”

The National Association of REALTORS data affirms this position, with annual sales to international buyers showing an increase, up to 6% of all home sales in 2012-2013 totaling 68 billion. The two largest buyers of US real estate have been Canada and China. Escalating prices and availability in foreign markets, coupled with the flexible purchasing options, make US real estate very desirable.

The internet has changed the way international buyers search for property. At the center of this experience, SothebysRealty.com attracts more consumers to search, view and inquire than any other luxury real estate website, with more than 45% of its visitors coming from outside the US. This is largely due to the ability for buyers to search though more than 35,000 properties and view the property information in multiple languages and currencies all in one location. Sotheby International Realty has the largest database of luxury properties in the world.

Amber is considered an international real estate expert and travels the globe exposing her inventory of luxury properties to the buyers of the world. To contact Amber, call 619-840-3400 or email amber.anderson@sothebysrealty.com.

 

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Chinese Overtake Russians as Top NYC Apartment Buyers

Chinese Overtake Russians as Top NYC Apartment Buyers

Blog written by Daniel Bollinger, Article contributed by Reuters via nbcnews.com

If you take nothing else from this article, take this, “Wealthy Chinese are pouring money into real estate in New York and some other major cities around the world, including London and Sydney, as they seek safe havens for their cash and also establish a base for their children to get an education in the West.

Chinese want what every other person on our planet seeks. A safe haven for their family and money, a place where they can be at ease knowing that their family and children are safe, have access to a higher standard of living, where their children can get a great education and live well, in other words, who was it that said, “GO WEST!”

Are you advertising on international social media sites attracting these wealthy buyers (Jinti.net, Jinti.com)? Do you have your listings translated into their languages (real-buzz.com)?

Daniel Bollinger

Social Media Coordinator &

Sales and Business Development Manager
DJB Business Development, LLC

Cell:  718-662-9493

DanielJBollinger@Yahoo.com

BlogSpots:
https://danieljbollinger.wordpress.com
http://DanielJBollinger.realtytimes.com
Facebook:  https://www.facebook.com/daniel.j.bollinger
LinkedIn:  Daniel Bollinger

 

Article below

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Source: http://www.nbcnews.com/business/real-estate/chinese-overtake-russians-top-nyc-apartment-buyers-n89576

Chinese Overtake Russians as Top NYC Apartment Buyers

For the first time, the Chinese have become the biggest foreign buyers of apartments in Manhattan, real estate brokers estimate, taking the mantle from the Russians – whose activity has dropped off since the unrest in Ukraine and the imposition of sanctions against Russia by the United States.

Wealthy Chinese are pouring money into real estate in New York and some other major cities around the world, including London and Sydney, as they seek safe havens for their cash and also establish a base for their children to get an education in the West.

Reuters asked five of the top real estate brokerages for their ranking of foreign buyers in New York City. The Chinese ranked first in both volume and value of sales in all their estimates. Opinions differed on just how the Russians, Europeans and South Americans stacked up next.

There are no official figures collected on the national and ethnic backgrounds of home buyers because of U.S. fair housing laws, designed to protect against discrimination.

The Chinese interest is mainly a valuation play, real estate experts say. After the U.S. housing bust in 2007-2010, home prices in major U.S. cities fell to levels that made them attractive. While U.S. prices have been recovering, they are still appealingly low by comparison with many other parts of the world.

— Reuters

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