High-end Brazilian real estate developer, JHSF Participações S.A., focuses on residential and commercial real estate developments. In particular, it specializes in shopping centers, airports, restaurants, and hotels. It has a huge presence in Sao Paulo, Salvador, Manaus, Punta del Este of Uruguay, and Miami and New York of the USA. JHSF was founded in 1972 and has since earned the respect of the entire international real estate industry. At the current time it has been valued at around $1.20 billion.
When it first started operations in Sao Paulo, JHSF Participacoes was simply called JHS. While there were several founding partners, the two managing partners were the brothers Fábio and José Roberto Auriemo. In 1990 the company split, with each of the brothers taking leadership of half. Jose Roberto became the head of JHSI and Fabio Auriemo became the head of JHSF. In 2001, Fabio led JHSF to include shopping center development to its operations. In 2003, Fabio’s son, Jose Ariemo Neto, took over the leadership of JHSF.
Neto had been working for the JHSF team since 1993. He joined the company not long after graduating from Fundacao Armando Alvares Penteado University. In 1997, he began making waves in company leadership by founding the company’s services department in 1997. He continued to prove his leadership materials in the ensuing years. After assuming leadership in 2003, Neto led the company to concentrate on high-end projects. In addition, in 2007 he led JHSF to acquire a very lucrative majority stake in the Fasano Group hotels. And in 2014, he also helped JHSF take control of their restaurants. During this very successful year, it also started the Catarina Fashion Outlet, the first high-end outlet in Brazil. This year also saw some key changes in the leadership organization, with Edurado Camara transferring from vice president to CEO and Neto transferring from CEO to Chairman of the Board.
The City of New Brunswick’s Development Corporation (DEVCO) is hurting for funds to repay a loan financed through the Middlesex County Improvement Authority. The $20 million loan is part of a $107 million project for The Heldrich Hotel and Conference Center in downtown New Brunswick. According to Press of Atlantic City, the project was approved about 10 years ago and the loan was secured through the Casino Reinvestment Development Authority (CRDA), but to date the repayment has been coming in slow due to low occupancy rates and missed payments since the hotel was completed in 2007. Part of the reason for the low occupancy rates was the recession of 2008 and the economic fallout that happened after, however the CRDA has maintained patience throughout the process and is still confident the loan will ultimately be re-payed.
DEVCO is a non-profit real estate development company whose goal is to transform the city of New Brunswick into a place that’s inhabitable and hospitable for businesses and families. They acquire funding for their projects both through local and state government funds, as well as private equity investment firms and through other capital sources. Leading this non-profit organization is CEO Chris Paladino and Vice President Sarah F. Clarke. DEVCO has also been the recipient of New Jersey’s 2012 Smart Growth Award multiple times.
Besides The Heldrich, DEVCO is also the the developer of New Brunswick High School, Child Health Institute of New Jersey, and the Middlesex County Family Courthouse. New Brunswick’s close proximity to Piscataway, the epicenter of Rutgers University has made it a prime place for college facility projects and expansions.
The aggregate, a real estate research report that is issued by Town Residential and concentrates on the NYC luxury real estate on townrealestate market, was released in early January. Unlike other reports, this report provides both raw data as obtained from the Department of Finance in New York City and combines it with analysis by real estate professionals. Virtual Strategy Marketing has a link to and summary of the 4th quarter Aggregate Report.
Many real estate participants typically expect a slower fall and winter market than the hot summer but this report shows that prices in the 4th quarter of 201t are higher than either the prior year and even the prior quarter by about 5%. The price increase is particularly impressive given not only the slower seasonal trends but also with disruption in stock markets, particularly overseas where foreign nationals are thought to be contributing to the New York City real estate moves in recent years.
What makes the Aggregate Report particularly special and much prized is the way it provides analysis that is more than run of the mill and provides real insight into market forces. While the average price of Manhattan apartments did rise from the prior year and quarter the Aggregate report goes on to indicate that this is primarily the result of several large new development projects being sold ton the market which skewed the results. As such, there was some weakness in the underlying data that is particularly centered on existing unit sales. These existing unit sales have been sitting on the market for a longer period than previously and is starting to show some weakness in prices. The fall swoon after the strong seasonal summer market is likely to rear its head in the winter and continue the downward trend.
It is easy to see how the real estate market analysis provides real estate professionals and other participants with useful insight into the marketplace so that they can direct their clients successfully. Further the high quality of this report shows the quality and allure of Town Residential Real Estate and the professionals they have on staff and further cements their role as New York City’s premier luxury real estate firm.
View the article at Virtual Marketing if you are considering a transaction and keep abreast of the recent market trends. Listen to the advice of real estate sages like Andrew Heibeger the founder and current head of Town Residential who lends his experience and insight to the report.
A decade ago the housing market hit an all time low and spread across the United States. People stayed in unwanted homes solely because of the heavy loss they would incur if they tried selling their home. Once the market regulated it gained a steady incline but according to an article in ‘The New York Times’ the big apple real estate market has hit a massive spike. 2015 was a golden year for New York real estate, record breaking sales spouted up all over Brooklyn, Manhattan, and Midtown. A single penthouse in Midtown sold for $100.47 million. With a great view of the city this skyscraper is often home to many billionaires but the single unit shattered previous sale records in the past five years.
A home facing central park is a clear high number sell but condominiums near West 157th street danced around the nine digit line this year. Condos, townhouses, and even co-ops were not left out of this notorious price spike either. Brooklyn has recently become the desired and premier neighborhood for luxurious home seekers which added to the list of record breaking sales. Market analysts and real estate brokers believe prices will continue to rise for the next few years. In 2015 the top sales were over $30 million with the top ten cresting over the $45 million mark.
For those who want to spend their lives in New York but don’t know where to start, Town Real Estate is the premier real estate service for luxury homes. Founded in 2010 Town Residential has been listed as one of the top 50 places to work in New York City Apartments for rent and was titled New York’s number one luxury real estate agency. Their expert team knows the city better than the back of their hand and use their years of experience to find hidden gems within your desired neighborhood.
Town Residential helps individual clients but they also have extensive background in development, leasing, sales, and apartment management. Their well rounded website offers virtual tours and pictures for those who can’t physically take tours of their property. Each property has a detailed description as well. Town doesn’t only dabble in apartments, their team can find you the perfect luxury home for purchase or sell your current home. If you’re looking for a New York address to keep permanently, Town Residential can help you find your perfect new home.