JHSF continues to lead Brazilian real estate space under AuriemoNeto’s leadership

In the Brazilian real estate market, no name stands out more than that of JHSF Participacaoes. The company has built more square footage of luxury real estate than any other firm in the history of Brazil. It continues to hold one of the largest luxury real estate portfolios, including high-rise condominiums, shopping centers and even an entire private airport. It has been a major contributor to the development of Brazil’s luxury real estate sector, an industry which has drawn national attention and which has attracted a great deal of capital and high esteem to the country.

Brazilian real estate company founded in 1972 by family patriarch Fabio Auriemo. Throughout the 70s and 80s, the company focused primarily on building luxury hotel and living space. It was during this time that JHSF Participacaoes built the first five-star luxury hotel in the Rio De Janeiro area. Named Hotel Transmerica, the hotel was an international magnet for the rich, famous and powerful.

The company continued under the leadership of Fabio Auriemo until the early 2000s, when he stepped aside and handed the reins over to his son. Jose AuriemoNeto has since proven to be an even more able leader than his father, leading the company through its IPO and building millions of square feet of luxury real estate. Projects have included gigantic mixed-use properties as well as an airport and many shopping centers that feature some of the most renowned global brands.

Today, JHSF Participacaoes is an international corporation, with a presence in America, Uruguay and Brazil. It has significant holdings in the cities of Manaus, Salvador, Sao Paulo and Rio De Janeiro, among others. It has a multi-million dollar real estate portfolio, many properties in which it both owns and operates.

One of its most impressive projects today has been the ParqueCidadeJardim, a gigantic multi-use complex in the heart of Sao Paulo. The development features nine residential towers, four Class A office space towers, a180-store luxury shopping center and many other amenities and facilities for the residents and visitors. The development is unique in both its scope and size, proving that Sao Paulo can build at the same level as other first cities throughout the globe.

In regard to: www.guiainvest.com.br/mural/jhsf3.aspx

Analysis of the New York Real Estate by Town Residential

Town residential recently released its quarterly residential market report. The firm, which specializes in luxurious real estate, released The Aggregate, which is their quarterly report journal. The report, which records a rise in price action focuses on the New York real estate. So far, the rise has not filtered the lagging sales. The average Manhattan sale price annually records a 5.2 percentage gain reaching $1,976,660.The median sale was higher than in 2014 coming in at 16 percent. By the end of 2015, the median price per square foot was higher by 6.2 percent. The average price for every square foot has shown a significant rise of 8.4 percent.

The sales of condominiums in Manhattan recorded a 20 percent increase settling at $1,736,250 during the fourth quarter of the year 2015. The median price for every square foot shot up to $1,606, a sharp increase from the previous year and higher by 7.6% from the third quarter of 2015. Co-op in Manhattan averaged at $1,272,902 in comparison to the $1,217,017 that was recorded in the third quarter.

The report, which carefully studied and categorized the properties by size, showed the increased prices in all categories for the fourth quarter. According to the report, the median price of a one-bedroom condominium was $1,080,000 while a two bedroom and three bedroom houses went for $2,056,865 and $44,421,300 respectively. Over the last quarter, the median price of a three bedroom cooperative had risen to 15 percent and exceeded the $3,000,000 target. This information was originally reported on Virtual Strategy marketing.

Andrew Heiberger, the chief executive officer and founder of TOWN Residential said that the new development sales and trends have made Manhattan feel the widening gap. Despite other recent findings that show the rise in prices in Manhattan, Andrew insists that this should be attributed to the new developments. The resale markets have become stable now that sellers have adjusted the pricing from the high levels that were recorded at the beginning of the year. However, some sales are still contributing to the year over year profits. According to the inventory, there is hope that in 2016 the market will be balanced and will offer buyers good opportunities.

Selling New York

The luxury real estate market in New York City is growing with no signs of slowing down. This past year alone prices have soared with a record breaking sale of one penthouse selling for over 100 million dollars. Properties around the Central Park area are also in the six digit mark. Almost every record in real estate was broken this year alone. With developers and billionaire bunkers on the rise, we wonder how long this upward climb in real estate can continue.

Experts and market observers predict the market will continue to climb for the next several years. With the properties available, the money available, and the demand for real estate in New York at an all time high, this trend will continue. This was reported in The New York Times http://www.nytimes.com/2015/12/27/realestate/in-2015-shattering-records-in-new-york-city-real-estate.html?_r=1

Town Residential is one of the premier luxury real estate firms in New York City. It was founded in 2010 by Andrew Heiberger and Joseph Sitt. Town Residential specializes in luxury residential sales. They also lease property developments including retail and commercial. Built with a team of professionals, Town Residential has a plethora of knowledge and experience. With top talent and collaborative availability, Town has taken the “Big Apple” by storm. Awarded accolades and Top Best in New York City, this firm is one of the industry’s leaders for service and productivity in real estate.