Under the leadership of Jason Halpern, the New York-based real estate development firm JMH Development is enjoying great success. Since taking control of the company in 2010, from his father, the company is one of the fastest growing real estate development firms in the New York area. Jason’s father was a well known and very successful New York developer, having developed properties such as apartments, office and retail spaces. However, Jason takes a somewhat different approach to real estate development than his father. Jason Halpern loves to renovate once forgotten properties, some with great historical value, into modern luxury living spaces. JMH Development is expert in every phase of development from site selection to management.
JMH Development has renovated old warehouses, turn of the century markets and recently a once famous Miami Beach hotel into some of the most luxurious living spaces found anywhere. Jason and his company JMH Development converted a once forgotten 1913 warehouse, which was once the site of the world’s largest grocery store, into a 340 unit luxury apartment complex. Located in Brooklyn, NY, Jason is particularly happy with the results of this project, as the building is now on the National Register of Historic Places.
The Aloft South Beach is another example of Jason Halpern’s use of a historic landmark, this new and exciting luxury living complex is on the site of the once famous Motel Ankara and is the first new hotel to open in South Beach since 2009. Located close to the Miami Beach Convention Center, and with easy access to Lake Pancoast and the Collins Canal, the Aloft is close to art galleries, shopping boutiques, night clubs and fine dining. Amenities will include a 24-hour fitness center, a large outdoor pool, a roof deck lounge, and over 2300 square feet of meeting space for business or social gatherings.
Jason Halpern is an avid New York Giants football fan and often travels to away games with his son. His other interest includes scuba diving and auto racing. Jason inherited his love of auto racing from his father who at one time sponsored a car in the NASCAR series, in fact, Jason would like to return to the series as a driver.
In early November of 2015, a real estate expo was held in New York City. Many important real estate businesspeople of prominence were in attendance, including Ken McCarthy from Cushman & Wakefield, Peter Von Der Ahe from Marcus & Millichap, Clarion Partners’ Tim Wang, and Spencer Levy of CBRE, just to name a few of the real estate professionals there.
2015 has been a great year for the real estate market in New York City, noted that it “has been a very strong year” by Mr. Ken McCarthy. New York City’s housing market continues to grow consistently and has a firm foothold as the number one area to buy a home in the world — that is, if a home is even available. A tiny apartment will usually cost more than half a million dollars, with actual houses ranging in the millions of dollars. Space is scarce in the Big Apple, which is the main constraint of housing in NYC Apartments for sale.
One of the most important real estate firms in New York City is Town Residential. Town Residential was chartered in 2010 by business partners Joseph Sitt and Andrew Heiberger, who today are the co-chairman of the board and the chief executive officer, respectively. Town Residential almost exclusively focuses on apartments, homes, and properties worth at least one million dollars. In other words, Town Residential is the leading real estate company operating primarily in New York City dealing in nearly exclusively luxury homes.
It has been reported that attempting to lease any office space in any buildings in New York City has been difficult because there is so much competition for little spots available for offices. This trend is expected to continue into 2016 and probably even longer than that in New York City.
Town Residential has a long accumulation of listings of homes, apartments, condos, and all sorts of other living spaces in New York City. Everybody in New York City who is looking for a home or apartment to buy will have to be willing to fork over at least five hundred thousand dollars or risk not finding a good place to live. Town has listings for less than a million dollars, and have had some worth $30,000,000.