Real estate power player Barbara Corcoran and Alex Rodriguez are teaming up in a NYC real estate venture
, which identifies, originates and manages investments across a broad array of industries, including real estate, sports and wellness, media and entertainment.
“We acquire high-potential assets that our team is uniquely positioned to identify and develop,” said Rodriguez. “Undervalued neighborhoods, undermanaged buildings, misused land — this model works in any market when you have the capabilities and drive to make your real estate outperform.” She said the Brooklyn neighborhood of Red Hook is still a “depressed area of sorts with a ferry but no train, but Ikea exposes it, and lots of families are moving in. It brings a constant flow of potential buyers because of the Ample Hills ice cream factory, Hometown Bar-B-Que and a terrific Fairway Market.”
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cold is the hottest new real estate investmentThe growth of e-commerce has increased demand for warehouse space exponentially, but one subset of that real estate sector is really heating up: Cold storage warehouses and distribution centers are suddenly in high demand thanks to new food delivery services such as Peapod by Giant, Amazon Fresh and Blue Apron.
Read more »
46 ice cream trucks are being seized in a New York City crackdown'Operation Meltdown' is targeting ice cream truck operators who racked up 22,000 summonses and nearly $4.5 million in fines for traffic violations over nearly a decade, the city said.
Read more »
Source of Cheap Real-Estate Financing Is Getting More ExpensiveA retreat by Chinese investors is raising the cost of a once reliably cheap source of financing for big U.S. real-estate projects—the EB-5 program for foreign investors.
Read more »
New mansion tax takes effect in New York on July 1Two giant real estate deals were announced in New York City, sparking hope of a potential rebound in luxury Manhattan real estate, but a closer look reveals there may be trouble on the horizon. CNBC's Robert Frank reports.
Read more »