Articles and press from Nestseekers International Real Estate, a premier brokerage in New York, Miami and the Hamptons. Mon, 05 Feb 2007 08:56:14 -0400 FeedCreator 1.7.1 http://www.nestseekers.com/wwwimages/logloss.jpg Articles and press from Nestseekers International Real Estate, a premier brokerage in New York, Miami and the Hamptons. realestate newyork nyc business http://www.nestseekers.com/view/2147/Worldwide_Exclusive ON THE MARKET
August 1st, 2006
For Immediate Release

Jeff Glovsky, vice president of global sales at Nest Seekers International, is proud to announce the worldwide Exclusive of this remarkable 13,000 sq. ft. mansion on two verdant acres in the south of France.

The property is located a short distance from the artistic medieval village of St. Paul de Vence, just inland on the Côte d'Azur (Nice International Airport is 15 minutes away). With 9 bedrooms, 6 full baths and 6 half-baths...a Turkish bath and sauna, pool, wet bar, and pizza oven...state-of-the-art gymnasium and billiard room...With high speed, broadband internet access and a 26-seat movie theater...Le Manoir Magnifique is simply that: a magnificent manor, nestled in a spectacular garden of olive and palm trees, and overlooking a tranquil valley.

"You come to escape at Le Manoir Magnifique," says Glovsky. "Also to play, and to stay a while...".
]]> office@nestseekers.com NestSeekers realestate newyork nyc business Sat, 19 Aug 2006 00:00:00 -0400 http://www.nestseekers.com/view/2147/Worldwide_Exclusive http://www.nestseekers.com/view/2075/Going_Global ( Properties featured in this issue: Bastide Mougins and Ridiculous pied-a-terre (Global Exclusive) )


Buying a property abroad is no longer daunting, says Jeff Glovsky, vice president of global sales for Nest Seekers International...

Click to read:






Photos this page - Top right: This 13,000 square-foot home in St. Paul de Vence is available through Nest Seekers for $12.75 million. The home was built in 2002 and features a 26-seat home theater. Bottom left: Also available through Nest Seekers is this 5,500-square-foot villa located in Mougins.]]> office@nestseekers.com NestSeekers realestate newyork nyc business Tue, 01 Aug 2006 00:00:00 -0400 http://www.nestseekers.com/view/2075/Going_Global http://www.nestseekers.com/view/1773/Record_High_rises_Set_for_Brooklyn Record high-rises set for Brooklyn
Six towers with more stories than Williamsburgh Savings Bank planned; some worry about loss of low-rise charm
By Tiffany Razzano


Tom D'Ercole, project manager for the 400-foot tall 306 Gold Street, and developer Dean Palin at the tower's construction site. The 40-story 306 Gold Street in Downtown Brooklyn will be the tallest new residential tower in the borough when construction on it is completed in 2008. But it's just one of many high-rises planned for Brooklyn, where buildings tend not to soar. The shift has some residents concerned.

More than 15 towers at least 20 stories tall are planned for the borough, including in Downtown Brooklyn, along the Williamsburg and Greenpoint waterfront, and in Dumbo. The rush to construct the tall towers follows major rezonings by the city and will lead to a north Brooklyn that looks like Battery Park City, Trump's Riverside South or the Miami skyline, depending on who's doing the talking.

The new vertically-inclined borough will also have half a dozen projects taller (in terms of number of stories) than the Williamsburgh Savings Bank building, now the tallest building in Brooklyn. The landmark spire rises above neighboring structures and serves as a point of orientation. In a sign of the booming market, the 34-story, 512-foot bank building is itself going residential with 216 condos, part of a project by Canyon-Johnson Urban Funds and the Dermot Company.

"A lot of projects that are coming into the area have been designed as high-rises and the area is going to change dramatically from low-rise to high-rise," said developer Ron Herscho, who is developing 306 Gold Street and sister tower, the 35-story 313 Gold Street, along with developer Dean Palin. "Since the rezoning, there are a lot of opportunities for high-rises that were never available before."

Some worry these energized high-rise developments will overshadow -- literally and figuratively -- western Brooklyn's brownstone charm.

"When people think Brooklyn, they think small-town feel next to a big city," said Kristina Lanuza, vice president of marketing and public relations at brokerage Nest Seekers. "Part of the backlash is that [the new buildings] are taking away from the artist community and attracting people who don't want to uphold the nice, neighborly feeling. Now you can walk around, see your neighbor and say hello. There's a fear of creating something large that won't have that same sense."

But the skyscraping development has strong advocates in City Hall. The rezoning of Downtown Brooklyn two years ago made way for the spate of new, large-scale commercial and residential projects now taking shape. Last year, sections of Williamsburg and Greenpoint were rezoned to pave the way for high-rise projects, particularly along the waterfront.

The city also offers developers the option of building more stories on new developments in exchange for allotting a small percentage of square footage for affordable housing, an approach already seen in finished or partly finished projects like Schaefer Landing on the Williamsburg waterfront, which includes a 25-story tower.

In Dumbo, the tallest tower so far is J Condominium, a 267-unit project that broke ground last summer under the auspices of Hudson Properties and Cara Development. When it's completed, the 33-story high-rise will be the tallest building in the neighborhood.

In Williamsburg, the proposed tower that appears to be the tallest so far, though some other projects haven't released height information yet, is a 38-story high-rise on Bedford Avenue between North Third and North Fourth streets. The planned project by Quadriad Realty and former Bronx Borough President Herman Badillo includes three other towers of 36, 20 and 12 stories and encompasses a total of 675,000 square feet. Plans were presented to Brooklyn's Community Board 1 in late April and the project would call for a change in zoning to go through.

In Downtown Brooklyn, construction on 306 and 313 Gold is set to begin in August. While no prices are set for either building yet, Herscho said that he anticipates both will draw $800 to $900 a square foot. Prudential Douglas Elliman, which declined to comment, will handle the sales and marketing. Berkshire Capital, Isaac Hager and Isaac Katan are others also planning lofty towers in the area (see below).

North Brooklyn will soon certainly look different, but what it will look like depends on whom you talk to.

New development marketer Michael Shvo recently said the Williamsburg and Greenpoint waterfront will "look like the Miami skyline in five years."

David Maundrell, president of Brooklyn brokerage aptsandlofts.com, has a different take. "Five years from now, north Brooklyn will look completely different," he recently told Crain's. "The entire area will be brand-new, like Battery Park City or Trump's Riverside South."

And love it or loathe it, Herscho said most of the transformation is a fait accompli.

"Like everything else the government does, there's going to be some resistance and opposition, but that's reality for you, and you can't change it," he said. "I like to have low-rise in the suburbs, but people have to understand there's no more land available. There's no other choice."

Here is a look at some of the other tallest projects:

• The Edge, a 1,300 unit project already under construction on the Williamsburg waterfront, will have 1,000 market-rate units and about 300 affordable-housing units. It's being built by Douglaston Development between North Fifth and Seventh streets. The million-square-foot project will be a mix of mid-rise buildings and high-rise towers, according to the developer.

• A joint venture of Toll Brothers, L & M Equity and RD Management is planning three high-rises on the waterfront. The first will be an FX Fowle-designed condominium at 164 Kent Avenue with 180 units.

• In Downtown Brooklyn, Berkshire Capital will convert the 27-story, 509,000-square-foot 7 Metro Tech Center, the former Verizon Building, into 244 condominium units.

• Isaac Hager is planning a 400-foot-tall residential building at Flatbush Avenue and Tillary Street.

• Developer Isaac Katan is planning to construct several buildings between 28 and 32 stories each on Myrtle Avenue, just east of Flatbush Avenue.

• BFC Construction Corp. is planning a 37-story building with 22 units near the Manhattan Bridge. The firm is also planning a 500-unit building on the corner of Myrtle and Flatbush avenues, according to published reports.

• Leviev Boymelgreen is planning a 23-story tower to be completed next year at 85 Adams Street.

With additional reporting by Vanessa Londono
]]> office@nestseekers.com NestSeekers realestate newyork nyc business Thu, 01 Jun 2006 00:00:00 -0400 http://www.nestseekers.com/view/1773/Record_High_rises_Set_for_Brooklyn http://www.nestseekers.com/view/2093/Nestseekers_International_expanding_its_borders Jeff Glovsky, is taking New York real estate clients to beautiful homes throughout the world.

Fueled by the demand many of his clients seek for a richer living experience - more space, greater connections, clearer communications, great culture, music and film - Glovsky has partnered with owners and developers of properties throughout the world to provide home buyers a great portfolio of living spaces, from villas in Spain to castles in the South of France, Tuscan farmhouses to Manhattan high-rise apartments, Miami water views and condomimiums in Dubai.

Said Glovsky, "The Nest Seekers global strategy is two-fold: first, to give U.S. and New York clients the best properties to purchase in Europe and the Middle East, homes that will provide them a great respite from their busy lives and their families a legacy to live in. Secondly, we are here to connect European, South American and Middle Eastern investors to properties in New York City and Miami that will provide the best returns of investment."

Glovsky is clear that his properties are not just for the super wealthy but include a diverse array of mid to high end homes, villas, castles and hotel-condos in prices that range from only $85,000 to upwards of $20 million. He encourages investors to look into the properties he is marketing because he sees them as stable investments in places known for superior standards of living, places where community, culture, connection and commerce thrive, where residents are not too rushed to live life to its deepest and richest.

Glovsky has created an international alliance with brokerage firms in Dubai, Greece, Italy, Germany and Spain. Dubai - a tax-free mecca for global finance - is rapidly expanding, the city is almost 100% occupied and properties are being built to accommodate those needs. Glovsky has partnered with DAMAC Properties, the real estate arm of Dubai-based DAMAC Group, in making luxury residential and tax-free commercial Dubai properties uniquely available in the United States.

Glovsky has also established alliances with Grellingers International Luxury Real Estate in Boca Raton, Florida; Goutos Global Real Estate in Greece, Diamante Immobiliare in Italy and John Lewis Real Estate in Spain. Additional international alliances are pending.

Glovsky has also aligned Nest Seekers with Bridgemon International Real Estate in Hollywood, Florida, to market exclusively in New York the 5-star Hollywood Grande Hotel Condominium, where construction began in March.]]> office@nestseekers.com NestSeekers realestate newyork nyc business Wed, 24 May 2006 00:00:00 -0400 http://www.nestseekers.com/view/2093/Nestseekers_International_expanding_its_borders http://www.nestseekers.com/view/1540/We_Don_t_Say_No office@nestseekers.com NestSeekers realestate newyork nyc business Fri, 05 May 2006 00:00:00 -0400 http://www.nestseekers.com/view/1540/We_Don_t_Say_No http://www.nestseekers.com/view/1624/Just_Sold_Recent_Sales WILLIAMSBURG

$970,000

60 Broadway

Two-bedroom, two-bath condo, 1,241 square feet, with chef's kitchen with stainless-steel appliances, granite counters and Sub-Zero refrigerator, 13-foot ceilings, Jaarwood floors, Zuma soaking tub, glass shower stall with limestone tile and skyline views; Gretsch building features doorman, garage, roof deck, lounge, library and media room. Asking price $980,000, on market three weeks. Broker: Carol Friedman and Tamilyn Williams, Nest Seekers

MURRAY HILL

$485,000

311 E. 38th St.

Alcove studio condo, 475 square feet, with hardwood floors, marble bath and balcony with eastern exposure; Whitney building is pet-friendly and features 24-hour doorman, laundry on every floor, courtyard and health club. Common charges $461, taxes $361. Asking price $500,000, on market one week. Broker: Foroogh Zarinehbaf, Nest Seekers ]]> office@nestseekers.com NestSeekers realestate newyork nyc business Thu, 04 May 2006 00:00:00 -0400 http://www.nestseekers.com/view/1624/Just_Sold_Recent_Sales http://www.nestseekers.com/view/1591/In_the_Assassin_s_wake
Shvo might get the attention, but other 30-something Israeli émigrés have also made it in Big Apple real estate after rising from humble beginnings. They're not on Nightline, nor in the pages of New York magazine, where a lengthy feature story labeled Shvo the city's "most loathed" broker.

But they're out there.

Shvo himself managed a fleet of taxis when he first came to New York before going on to become a big broker at Prudential Douglas Elliman. Fellow countryman Ilan Bracha's career had a similar lofty trajectory toward the top end, partly at the same brokerage.

After serving in the Israeli army, Bracha had plans to open a bar in Tel Aviv, which called for a trip to research bars in the Big Apple. But, as he told The Real Deal, "I fell in love with the city." He stayed, and soon found himself working as a mover. One day, Bracha managed the move of an MLBKaye International Realty office, and someone there suggested he had the right personality for real estate.

Two weeks later, he had gotten his real estate license. He called MLBKaye for an interview, but they were too busy to talk to him that day. His next interview, with Dwelling Quest, landed him a job. Bracha spent a year with Dwelling Quest and more than four years with MLBKaye (after interviewing with the same person who suggested real estate as a career on that fateful moving day). Then, he met Dottie Herman, at the time the new president of Douglas Elliman.

"She made me an offer I couldn't refuse," Bracha, 31, said, by way of explaining his jump to one of the city's biggest brokerages, where he's now an executive vice president. Bracha had the highest number of exclusives at Douglas Elliman last year, as well as the highest number of transactions and sales, second only to superstar Dolly Lenz in total number of commissions. "You have the struggling in the beginning," Bracha said, "but it's very basically been a fun ride."

The same might be said for fellow Israeli Barak Dunayer, who always had Starbucks in his corner -- or, rather, on his corner. Before his firm, Barak Realty, grew to 20 brokers from just himself -- and before the firm had an Upper West Side headquarters -- Dunayer used to meet clients at Starbucks.

It would work something like this: Dunayer, who started in real estate in 2000, working out of his sixth-floor-walkup studio, would call clients or they would call him, and request a meeting. He'd say, Sure, why don't we do it at the Starbucks at [fill in New York street corner here], I'm right nearby...

Clients were none the wiser. And Dunayer, 32, was able to get a foothold in the hypercompetitive universe of New York real estate.

Such drive toward success in real estate might be inherent in Israelis, says Eddie Shapiro, chairman and CEO of Nest Seekers International, which now has Manhattan, Florida, and Hamptons offices. "If you're Israeli, 22, 23 years old," Shapiro, 30, says, "you're looking for two things -- a bride and a mortgage. We're like the Floridians -- we like to own real estate."

Shapiro himself worked a series of "every possible odd job" for a year after he arrived in New York in the early 1990s, before he got his real estate start at Dwelling Quest. He also played gigs in Greenwich Village as a jazz guitarist that first year, but gradually "got tired of the bagel and cream cheese for breakfast, lunch, and dinner." So, Shapiro went looking for something more stable and financially rewarding.

Enter real estate.

For Shvo, the human barometer against which 30-something New York real estate up-and-comers may for a long time be judged, the climb toward the top started with a broker's fee he paid for a Manhattan rental. After arriving from Israel in the mid-1990s with $3,000 and "no idea what I wanted to do," Shvo built up a fleet of 10 yellow cabs and 30 drivers, then managed a Manhattan bar for a relative. But paying a fee for a broker's minimal effort in putting him into an apartment opened his eyes to the possibilities of the real estate business.

The on-site leaser for his building had a friend in real estate who suggested he become an agent. He did so in 1998, and the brokerage he worked for was later bought by Douglas Elliman. In his first year, Shvo rented more than 300 apartments. Now, Shvo has his own marketing and sales firm, the Shvo Group, a force behind some of Manhattan's toniest new condo developments, including 20 Pine Street and Bryant Park Tower.

"I knew no one in real estate," Shvo said of his career change. "I took every opportunity I had, worked 18 hours a day, just was always working."]]> office@nestseekers.com NestSeekers realestate newyork nyc business Sat, 01 Apr 2006 00:00:00 -0400 http://www.nestseekers.com/view/1591/In_the_Assassin_s_wake http://www.nestseekers.com/view/1535/Spit_and_Polish_A_slick_lobby_renovation_can_pay_for_itself_and_then_some
It’s a scene played out all over New York these days, as buildings feel the pressure to prettify so as not to lose affluent buyers to the fancy new construction next door. “For older buildings to compete, they have to get a face-lift,” says Eddie Shapiro, CEO of boutique brokerage firm Nest Seekers International. Just as in many new condominiums, some are hiring name architects to redesign lobbies and hallways. “People don’t want to live in an also-ran,” agrees Richard Grossman, director of sales for Halstead’s downtown offices. Never mind the epic fights over décor, or that the apartments themselves aren’t changing a bit. This trend is all about curb appeal, and, says Grossman, it pays off: “You reap the rewards tenfold in a higher sales price. If a building is putting in $5,000 [per resident] in upgrades, you’ll see a $50,000 increase in value [per apartment].”

That’s precisely why Corcoran’s Kenny Blumstein, who heads the board of his building on East 11th Street (pictured), championed gilding his lobby with high-end finishes, including yards of marble and terrazzo inlaid with mother-of-pearl. (Only two of the four board members, including Blumstein, pushed hard for the pricey renovations.) “Buyers apply new-construction standards to older buildings. You have to prove yourself worthy,” he says. “We’ve had certain apartments turn over in resale, and they could’ve gone for more had the lobby been done.” And in this buyers-love-me-love-me-not market, it may be the ticket to survival. “With all this bubble talk, it’s even more important to make sure everything’s top quality,” says Shapiro.]]> office@nestseekers.com NestSeekers realestate newyork nyc business Mon, 26 Dec 2005 00:00:00 -0400 http://www.nestseekers.com/view/1535/Spit_and_Polish_A_slick_lobby_renovation_can_pay_for_itself_and_then_some http://www.nestseekers.com/view/1537/Tips_of_Today 250 East 40th Street, Apartment 44A
1,631-square-foot, two-bedroom, three-bath condo with two balconies.
Asking Price: $1.7 million.
Charges and Taxes: $2,522.
Broker: Richard Silverman, Bellmarc. This apartment has views of both the Chrysler Building and the Empire State Building, and the East River too. But is the vista enough to attract high-end buyers to an oldish, albeit full-service, building—swimming pool included!—in a rather drab section of midtown?

Avi Lasri, City Connections Realty: “The views are a big plus,” says Lasri. “The kitchen’s small, but they put in the best appliances, so in the end it’s still great.” His concern: “The built-ins add storage, but they make the rooms too claustrophobic.”
His assessment: $1.8 million.

Tamilyne Williams, Nest Seekers International: “It’s a convertible-three, but the bedrooms are small,” says Williams, adding that it has “a nice homey feeling.” She’d market it to empty-nesters who want a central location with strong amenities.
Her assessment: $1.7 million.

Harlan Goldberg, Prudential Douglas Elliman: The apartment’s been redone to a particular taste, and “some people may want to come in and tear it all down,” Goldberg says. Plus, the maintenance is high. “I’d expect $2,000-a-month at the most for a 1,600-square-foot apartment in this area.” He says he’d lowball the price to start a bidding war.
His assessment: $1.15 million.

]]> office@nestseekers.com NestSeekers realestate newyork nyc business Mon, 19 Dec 2005 00:00:00 -0400 http://www.nestseekers.com/view/1537/Tips_of_Today http://www.nestseekers.com/view/1547/Training_New_York_City_brokers_to_be_all_they_can_be ]]> office@nestseekers.com NestSeekers realestate newyork nyc business Wed, 14 Dec 2005 00:00:00 -0400 http://www.nestseekers.com/view/1547/Training_New_York_City_brokers_to_be_all_they_can_be http://www.nestseekers.com/view/2094/Triple_Assessment Let our panel decide...


142 West End Avenue, Apartment 6R
550-square-foot co-op alcove studio with one bath.
Asking Price: $360,000.
Maintenance: $658.73 (includes gas and electric).
Brokers: Frances Rickard and Sean O’Donnell, Century 21 William B. May.

Photo Courtesy of William B. May


Jon Charnas, Fox Residential:
The studios at Lincoln Towers, says Charnas, are roomier than most, boosting the price. His main complaint: “The kitchen needs a redo, [but] it’s pretty large for a studio.”
His assessment: $375,000.


Kris Kruse, Halstead:
The alcove helps a lot, Kruse points out immediately. “You can define a separate area for a bedroom,” she says. But the typical young buyer for such an apartment may not pass muster: “This is a tough board,” explains Kruse. “They like to see eighteen months of a prudent reserve and 30 percent down.”
Her assessment: $350,000.


Jeff Glovsky, Nest Seekers International:
The open southern views and separate kitchen impressed Glovsky, as did the storage: “How many studios do you see with large walk-in closets?” But the “institutional” windows turned him off, as did the apartment’s condition. “There’s a lot of work that needs to be done.”
His assessment: $400,000.
]]> office@nestseekers.com NestSeekers realestate newyork nyc business Mon, 05 Sep 2005 00:00:00 -0400 http://www.nestseekers.com/view/2094/Triple_Assessment http://www.nestseekers.com/view/1538/On_the_Market $1,325,000

BROOKLYN: 260 East 19th Street (at Cortelyou Road)

This 3,317-square-foot, three-story house has six bedrooms, three full- and four half-baths, a finished basement and central air. Jean Manon, the Corcoran Group (718)210-4030; www.corcoran.com. Open house June 26, 2 to 3:30 p.m.

TAXES: $2,753 a year

PROS: Because of a just-completed renovation, the house is in superb mechanical and cosmetic shape, including whirlpool baths and a complete refurbishing of all original interior details.

CONS: The kitchen, on the dark side of the house, is isolated from rest of the first-floor living space.

Oasis of Calm in the Flatiron District
$2,550,000

MANHATTAN: 22 West 26th Street (at Broadway)

A three-bedroom, two bath co-op. Mara Flash Blum or Tom Cooper, Sotheby's International (212)431-2447; www.sothebysrealty.com

MAINTENANCE: $2,040 a month

PROS: A sunken living room with smooth, curved surfaces, a spa-like shower in the master bathroom and 12-foot ceilings with white ceiling fans give the apartment the feel of a quasi-tropical bungalow (with central air). The renovation, while five years old, looks great, and it was done with a feng shui consultant.

CONS: It is a bit of a lost block, lined with wholesale clothing stores. It somehow feels cut off from Madison Square Park, just to the east, and yet doesn't feel like Chelsea until you walk a few blocks west.

Country Views
$1,180,000

WESTCHESTER: 43 College Hill Road, Montrose

A 90-year-old rambling wood-frame house on two heavily wooded acres with five bedrooms, three-and-a-half bathrooms, hand-stained ceilings and custom woodwork throughout. Judith Piccolo, Houlihan Lawrence (914)271-4433; www.houlihanlawrence.com

TAXES: $15,050 a year

PROS: The house has a cook's kitchen with two side-by-side stoves, two dishwashers and three sinks. The dining room has hand-painted tiles on the walls.

CONS: This is an older house without central air-conditioning. Also, it is at the end of a winding dirt road and could be difficult to reach in snowy, icy weather.

West Side One-Bedroom
$825,000

MANHATTAN: 246 West End Avenue (at 71st Street), #9D

A one-bedroom, one-bath co-op. Kristen Ju Magnani (917)691-2797, and Soie Ju (917)374-8766, Nest Seekers International; http://www.nestseekers.com

MAINTENANCE: $855 a month

PROS: The renovation of this co-op removed one bedroom and enlarged the living/dining area in a way that will be palatable to most tastes. Recessed lighting is installed throughout, and there are stainless steel appliances in the kitchen and glass tiles in the bathroom. The co-op gets great light.

CONS: The kitchen has beautiful fixtures and a window, but is still a galley and is not open to the living/dining area.

Wilton Colonial
$5,250,000

CONNECTICUT: 111 Branch Brook Road

Built in the style of Royal Barry Wills, the Boston architect who popularized traditional New England designs, this six-bedroom, four-bath colonial sits on more than 10 wooded acres. The house sits on a rise overlooking a reservoir known as Pope's Pond. Melinda Conrad, Realty Seven (203)762-5548; www.realtyseven.com

TAXES: $35,104 a year

PROS: The water views from nearly every room give this home the feel of a vacation retreat. On the market for the first time since the owners built it in 1968, the house is richly detailed. The property includes two approved building lots of roughly two acres each.

CONS: By maintaining the house in its original condition, the owners have kept both the charm and the outdated fixtures -- all four baths and the kitchen need updating.
]]> office@nestseekers.com NestSeekers realestate newyork nyc business Sun, 26 Jun 2005 00:00:00 -0400 http://www.nestseekers.com/view/1538/On_the_Market http://www.nestseekers.com/view/1536/Nest_Seekers_flies_south_to_Miami
"With oceanfront land ever-decreasing, this is a prime time to buy in South Florida - Miami and even Fort Lauderdale - when there are excellent pre-construction units and finished condos ripe for the picking," said Nest Seekers CEO Eddie Shapiro.

In the past year, Miami's condo development frenzy has reached new heights. Last month, developer Leon Cohen unveiled plans for what could be the world's tallest condo building, two 110-story skyscrapers along Biscayne Boulevard in Downtown Miami. New York developers have been active in hotel-to-condo development there. Ian Schrager is transforming the Shore Club to condos and Donald Trump is building a 24-story, 298-unit condo-hotel in Fort Lauderdale.

Manhattan transplants Brown Harris Stevens, Sotheby's and Corcoran all have offices in Palm Beach.

While the Miami market is booming, some observers have their doubts. Citi Habitats founder Andrew Heiberger, who just opened Buttonwood Real Estate, a development firm that is not working in South Florida, warns that the area may be among the first places affected in a market bust.]]> office@nestseekers.com NestSeekers realestate newyork nyc business Wed, 01 Jun 2005 00:00:00 -0400 http://www.nestseekers.com/view/1536/Nest_Seekers_flies_south_to_Miami http://www.nestseekers.com/view/1539/5m_penthouse_gets_new_owner
Featuring contemporary interior design and architecture, the three bedroom, 3.5 bath home has expansive views of the Park and the East River. A wraparound terrace graces the open living room space, kitchen and dining area. Hamberger brokered the deal with Nest Seekers' sales and marketing team. "Nest Seekers has a large team of energetic, young, savvy real estate professionals like Fern whom our clients trust with multi-million dollar transactions because of their skills and attention to detail, " said Eddie Shapiro, CEO, Nest Seekers International.]]> office@nestseekers.com NestSeekers realestate newyork nyc business Wed, 11 May 2005 00:00:00 -0400 http://www.nestseekers.com/view/1539/5m_penthouse_gets_new_owner