Adam Milstein – The Meaning of It All

Adam Milstein was born in Haifa, Israel. Milstein was introduced to the Real Estate industry through his parents. In 1978, he graduate Cum Laude from Technion, Israeli Institute of Technology with a Bachelor’s of Science Degree in economics and business. While attending college, he worked with his father helping to enlarge the family’s real estate and development business. After attending the University of Southern California and receiving his Master’s of Business Administration degree, Milstein began working as a sales agent in commercial real estate.

Adam Milstein is more than a successful businessman. He is an ongoing philanthropist and is a dedicated community leader. He is the co-founder of the Israeli-American Council and is currently appointed as the chair for the company’s national expansion. Adam and his spouse Gila are the co-founders of the company, Sifryat Pijama B’America. The establishment was created for the purpose of providing free monthly books Jewish-American families in the United States. These books, that are comprised in the Hebrew language, have been responsible for teaching more than 70 of these families Jewish values. Milstein also sits on the Board of various organizations, these groups include, Israel on Campus Coalition, Jewish Funders Network, StandWithUs, Hasbara Fellowship, Stand By Me, Birthright Israel and American Israel Public Affairs National Council. Adam has a strong passion to strengthen the Jewish people, and his philanthropic efforts are designed to do just that. Through consulting, fundraising and partnership development, Adam Milstein and his wife have created a system that positively impacts those that they come in contact with.

In a recent interview with Ideamensch, Adam discussed on various topics. Some of these topics include his failures, his approach to business, and how the birth of Hager Pacific Properties came to be about. This particular interview gives an in depth insight into what Adam deems as important in life and what practices and idea concepts he utilizes to be successful. In this particular article, he explains that family is the most important thing, and that explanation displays the meaning of why he puts such an emphasis on strengthening families.

 

Fourth Quarter Analysis of the Manhattan Property Market by Town Residential

Recently, Town Residential, a leading luxury NYC real estate firm in New York released its quarterly residential market report, the Aggregate for the last quarter of 2015. The report indicates a continued increase in price action. This information was originally reported on Virtual Strategy Marketing.

Manhattan posted a gain of 5.2% year-over- year average sales prices rising to $1,976,660. The median sales prices rose by 16% when compared to the previous year to $1,150,000. By the close of 2015, price per square foot hit new record levels with the median trends at $1,365. This is 6.2% higher than 2014. Compared to the third quarter of 2015, the price per square foot trends rose to $1,505, which is an 8.4% rise.

The most year-over-year gains were posted by Manhattan condos with an increase of nearly 20% in the fourth quarter of 2015 to come in at $1,736,250.

Co-ops in Manhattan went for an average price of $1,272,902 in the fourth quarter of 2015, an increase from the third quarter’s price of $1,217,017. The average price of the co-ops on a year-over-year basis rose by 6.4%. Trends for average square foot came in at $1,087, a 6.3% rise from a year ago with a slight increase relative to the third quarter’s $1,066.

According to Andrew Heiberger the CEO and founder of Town Residential, the closing in of pricy listings in new developments is the reason behind the increase of market prices in Manhattan. This is because of the widening gap that Manhattan has been experiencing between new developments and market trends. Wendy Maitland, the president of sales at the firm notes that the record prices are still contributing to the year-over-year in the market average price per square foot.

Itzy Garay, the executive vice president of sales and leasing at Town Residential points out that the power is steadily shifting to the buyer. The sharp rise in median days on market was contributed by their cost conscious approach. According to Itzy, the information that they have at their disposal makes them able and ready to buy but not willing to do so at any price.

It offers invaluable insights into the current trends and conditions in the market. It draws its data from the live ACRIS feed that is availed by the New York Department of Finance and the Manhattan market rolling sales data.

Town Residential and the Growing New York Real Estate Market

Searching for a residence in the New York apartments for rent community is getting a little more expensive and difficult to find. However, the residences available make the additional effort to find a residence in the New York area, well worth the effort. A Gorgeous property with picturesque sceneries, parks, cityscapes and gated communities is waiting for those willing to make the purchasing commitment.

New York real estate developers are finding Brooklyn’s new developments selling fast and multi-family monetary volume went over a billion in September. Residential properties located in Midtown, Brooklyn and Manhattan is selling out quickly. Consumers in the New York area are buying up available homes faster than the market can produce. Whether the reason is living in the properties or investing for future income, absorption in Midtown East and Midtown is showing an interesting decline. Buyers with strong purchasing powers seek out Manhattan residential housing.

Town Residential is an important part of the New York landscape. Holding a nice share of high-end housing developments, Town Residential is having no difficulty selling homes in New York. The company has home located in Midtown, SoHo, Manhattan, Chelsea and others. Businesses and residents want to be a part of the New York culture. One way to do this is to live in this busy metropolis in beautiful developments.

Town Residential has everything in a property a consumer can imagine. Beautiful locations, homes with convenient shopping areas and developments close to excellent schools.

According to the” Real Deal” report, rents are on the increase in along Lower Fifth Avenue for commercial developments. Leases have remained at a steady level in Manhattan while monies paid to owners are improving. Developers and representatives of Town Residential are ready to assist buyers in joining the very lucrative New York real estate market.