Good Morning New York, Real Estate with Vince Rocco
At this hour: Kent Swig truly is a noteworthy name in the United States real estate industry. He is President of Swig Equities, an investment firm focusing in commercial and residential real estate in New York and California. He is co-owner and co-chairman of Terra Holdings, which owns leading residential real estate firms Brown Harris Stevens and Halstead Real Estate in and around the New York metropolitan regions, as well as the brokerage, appraisal, and consulting firm Vanderbilt Holdings. He is also owner and President of Helmsley Spear. Also at this hour: The downswing of New York’s real estate market has been much-documented in the past year:And that’s not even taking into account the ongoing affordable housing and homelessness crises. But according to a new study from a real estate consulting firm, there’s one particular area where things are still hoppin’ what it’s calling the “ultra-prime” real estate market, or sales of properties topping $25 million. Let’s get at it..