Category Archives: Real Estate

Developments Registered in New York Real Estate

The rapid growth of technology startups is having a positive effect on the New York City real estate industry. According to a publication originally reported on the Huffington Post, the increase of tech activities is affecting the real estate in New York in four major ways. There has been an increase in competition, shrinkage of supply and high price for real estate properties. Tech companies have so far accounted for 19 percent of leasing activities since 2014. The average financing has also sprouted from $6 million to $17 million. The rent in neighborhoods such as Chelsea, Union Square and Flatiron has increased by 80 percent.

The increased popularity of office spaces is another way that tech activities have influenced the NYC real estate to enter towns. Apart from company engagement and culture, the most vital issue for HR professionals is company space. The super competitive tech industry has seen different tech firms approaching property owners with requests for modern office space. These firms have been requesting for loft spaces having rooftops, open floor plans and exposed brick walls. The unique features are meant to cater to the new leasers while promoting a great working environment.

By bringing new perspectives to old neighborhoods, districts like Flatiron have become tech hubs. Over the years, fashion designers, creative firms, garment manufacturers and technology firms have moved into neighborhoods that are in close proximity to their work places. Creation of hot residential neighborhoods is being factored in the development of real estates. The Tech professionals need places to live and they prefer leaving in neighborhoods that are likely to bring in new businesses.

Town Residential is a NYC real estate firm based out of New York. Andrew Heiberger founded the firm in 2010. Andrew dabbles up as the chairman and chief executive officer of the firm. The firm specializes in luxury residential sales, marketing and leasing. Property developments form part of the services offered by Town Residential. The firm is popular give its high quality of service.

Town Residential has nine offices within New York City. Each office specializes in luxury real estate property in the area. The firm hires experienced and qualified professionals to work in various departments. Since it was established, Town Residential has received a number of awards. It received the Best Firm to Work for award and the Top 50 Best Places to Work in New York City award. In order to provide excellent services, the firm has established a sales and leasing department, marketing, administration, corporate, creative and new developments departments.

Aspire For Luxuty


Whether you’re a New Brunswick native looking for a new home or brand new to the city and looking to settle down, The Aspire is the place to settle in if you’re looking for a higher standard of living. The Aspire is the Boraie Development Company’s newest residential building in the heart of New Brunswick. The seventeen story high rise is built for people looking for a luxurious and modern home stacked with amenities both in home and for all residents of the building.

The Aspire contains a multitude of apartments ranging from studio, one bedroom and two bedroom with a variety of layouts for each. Stunning hardwood floors run throughout the dining room, living room and kitchen while fresh, untouched carpet lays in each bedroom. Each kitchen contains stainless steel appliances, quartz counter tops and prep space. Washers and dryers are just a few steps away and located within the apartment itself along with set-up ready cable and internet hookups.

Among the many in home amenities the building itself also offers a vast amount for all residents as a whole. Their doorman is 24/7 and they also offer a state of the art gym, attached parking deck with lobby access, two communal green spaces, indoor bike storage, individual storage and on site management. The Aspire is also conveniently located in walking distance of the NJ Transit Train Station and right in front of restaurants, cafe’s and the University Hospital.

The Aspire is one of many projects created, developed and managed by Boraie Development in their three decade long goal to enhance urbanized communities in New Jersey. The Boraie Development focus their energy on revitalizing and reconstructing multiple types of properties that will attract new business and residents, thus boosting the cities economy and popularity. Their projects range from commercial, mixed-use properties, retail and residential as well as offering management services like leasing, maintenance and accounting.

They’ve played a prominent role in the revitalization of New Brunswick and has been focusing their attention on the downtown City of Newark. With their widely publicized partnership with NBA legend Shaquille O’Neal they’ve been able to develop more residential and commercial real estate in Newark as well as other cities in New Jersey. The partnership renovated the old theater on Springfield Avenue, managing to turn it into the largely popular CityPlex 12 in 2012. With projects like those, the revenue and business opportunities will continue to flourish in New Jersey thanks to the consistent love and devotion from the Boraie Development.