Town Residential Opens a New Office

It is now three years since Town Residential became a fully -fledged real estate company in New York City. Since it was started, a lot of things have happened. The company has expanded its scope of service. The client base has also increased significantly. In an effort to accommodate its ever expanding service portfolio and client base, the company announced that it has opened another office in Manhattan. This becomes the 10th office since Town Residential started its operations in NYC.


The new outpost will simplify the company’s operations along the Hudson. Employees and clients will now be in proximity with the rich neighborhood, which is a number one destination for most tenants and developers. The employees will now be able to take clients along the High Line. Town leased the entire second floor of 446 W St 7,100. The new outlet has been designed to appeal to both the employees and brokers.


According to Town Residential CEO, they settled on the meat packing district because it has proved to be an epicenter of the city richest residential neighborhoods in the city. Town Residential has also opened other forces to increase its base of operation. Town was given the new building by its partner Thor Equities. According to Heiberger, this was one of the fruits of associating with Thor.


About Town Residential


Town Residential is a real estate firm that operates in New York City and Miami. The company was founded by Andrew Heiberger in 2010. The company has traversed the real estate landscape in NYC. It is undoubtedly one of the fastest growing companies in the city so far.


Behind Town’s success is a team of like-minded and future–oriented employees who have all the ingredients to deliver perfect services to their clients. An hour in Town Residential’s offices is an amazing experience. Several clients have expressed great satisfaction with the level of service they receive.


The company specializes in property development, redevelopment, management, leasing and marketing. It has served several clients since it began its operations three years ago. With Andrew Heiberger at the height of its leadership, the company is designed for a greater future.




New Residential Developments Sparks Hope For a Newark Comeback

For cities looking to enjoy a rise in gentrification and a feeling that an urban center is truly revitalized, it’s imperative that more than one major project is in development. For many cities, like Newark, NJ, the problem has been in having the city focus all of its resources and hopes around one big residential project sparking a turnaround. It’s a lot to ask from one project, and history has shown that many of these projects fail to deliver up to expectations, especially when the surrounding neighborhoods are rundown.

So says Wasseem Boraie of Boraie Development LLC. Borer spoke at the recent Newark CRE Summit, to a gathering of commercial real estate professionals, about the future of development in Newark and about the many hopeful signs now manifesting in the market here.

Newark has been hoping for a major revitalization of its urban core for decades, and there have definitely been some disappointments along the way. Boraie, who founded his Brunswick, NJ development company back in 1986, says today the landscape looks very hopeful for a real renaissance in Newark.

According to Boraie, there are now five to ten “major class A projects” in development in Newark, and these projects will be a major attraction for upscale businesses and professionals looking for a city to visit and reside in.

Boraie noted that in the past, the city made a major mistake in putting so much hope into a revitalization centered on just one big residential building project. It’s Boraie’s opinion that it takes several major developments in a city center to really bring on the energy needed to lure new residents. Now, however, with so much activity coming on in a swarm, things are looking much brighter as far as turning Newark around in a big way.

Boraie, with his years of experience as a commercial developer in New Jersey, knows from where he speaks. With his background as a commercial developer and his years in the Newark and New Brunswick areas, he has seen the way development evolves in a city. Now, finally, according to Boraie, we are seeing the beginnings of a major turnaround in the area, and it couldn’t come too soon.

Businesses and residents of Newark are feeling optimistic too, and all are hoping that Boraie’s expert observation is right on the money.

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Re/Max Will Face Tough Competition in NYC

The Re/Max real estate leasing, sales, and brokerage firm is one of the best known firms in the United States. The company is based in Denver, CO, has over 100,000 employees across the world, and has been an industry leader for over 40 years. While Re/Max is a leader in many major markets across the country, it has not been too competitive in New York City.

While Re/Max has not been too involved in the NYC real estate market over the past few years, it appears that the country is ready to invest more heavily in the city. Re/Max has recently stated that over the next few years it intends to open many small offices across the city and hire hundreds of new brokers and agents.

While Re/Max is used to dealing with a lot of competition in the markets that it does serve, the company will likely find that New York City apartments for rent is much different than most. While it is a very dynamic real estate market, it can also be very competitive. Re/Max will not only have to compete with the typical national companies, but they will have to deal with smaller boutique firms as well that focus solely on the city and already have a strong established reputation.

One of the bigger challengers for Re/Max is Town Residential, which is a boutique real estate company that has been in the city for close to ten years. Town Residential focuses on offering leasing, brokerage, and sales services to a variety of people, including individual buyers and larger corporate real estate developers. The company has a great track record when it comes to sales and has a strong reputation in the market.

Town Residential is also known for their significant market knowledge. The company does far more market research than other firms in the city and typically shares their knowledge with potential customers. The company also creates newsletters on a regular basis, which discuss recent trends in the market and what investors should expect to see in the near future. This newsletter is read by thousands or professionals across the city.