JHSF Participacaoes has become one of Brazil’s most prominent real estate development firms. Founded in 1972 by family patriarch Fabio Auriemo, the firm has grown from humble beginnings into an international power player in the global real estate market. Having built highly awarded properties all across Brazil, the firm has worked with some of the greatest architects in the world, bringing to fruition incredibly ambitious projects that have enjoyed phenomenal success. The company has been instrumental in bringing Brazil into the ranks of the most coveted global luxury markets.
Today, the company is run by Fabio Auriemos’ son, Jose AuriemoNeto. Under the leadership of Jose AuriemoNeto, the company has rocketed from a merely mid-sized real estate development firm to one of the largest in the country. It has pursued a number of strategic acquisitions and has taken on some daring developments, proving that Brazil has the market and the resources, including human capital, to build projects on a scale only seen in the top real estate markets in the world to learn more: http://www.valor.com.br/empresas/4821338/venda-de-ativos-da-jhsf-em-2016-supera-r-15-bilhao click here.
Since 2004, the year in which company built the now famous flagship complex, ParqueCidadeJardim, the company has done nothing but experience steady growth. By 2007, AuriemoNeto decided that it was time to take the company public. In one of the first offerings of its kind, the company was listed on Bovespa, the Brazilian stock market, in an IPO valued at more than $100 million. Just one decade later, the company has a market capitalization in excess of $1.3 billion. This remarkable growth reflects the faith that the market has in AuriemoNeto’s leadership and his ability to bring some of the most ambitious projects in the history of Brazilian real estate development to fruition.
One of the major tenants of AuriemoNeto’s strategic vision is the acquisition of high-end properties, including hotel chains, shopping malls and residential condominium complexes. In following this strategy, AuriemoNeto finalized the purchase of the Fasano hotel chain in 2014. This means that JHSF Participacaoes is now not only one of the largest developers of hotels in Brazil, but it is also currently one of the largest owners and operators of luxury hotels in Brazil and throughout Latin America.
TOWN Residential is a NYC luxury real estate development firm in New York City, and they publish their quarterly findings in The Aggregate. The fourth quarter numbers for the New York market were first reported by Virtual Strategy Marketing, and these numbers show that New York ended the year on a very high note. This article recalls those figures as TOWN Residential looks to the future, and the numbers show that the New York market has finally found some stability.
#1: Constant Increases
Constant increases in prices in the New York City market have taken up millions of dollars in investor money, and there are many sellers who have pocketed considerable cash because the growing market. TOWN Residential recently showed that the New York real estate market is reaching a plateau after nearly a year of consistent growth. The numbers indicate that buyers and sellers are finally in a flattening market.
#2: Buyers Finally Have More Leverage
Buyers have leverage in the market due to prices that have reached their peak. Sellers will make quite a bit of money on their sales, but buyers will not have a fear of paying too much if they wait even a moment to make a purchase. Waiting for a contract was once a good way of losing a lot of money, but buyers today will pay high prices without losing cash for waiting a day or two to make a decision.
The Aggregate’s new issue shows that TOWN Residential has thoroughly studied the real estate market in the city. The 2015 fiscal year ended well, but the numbers are starting to flatten out in 2016. Everyone who is selling in New York City will make money on their property, but buyers will not lose due to constantly rising prices. New York is healthy going into 2016.
New York City has always been an exciting tourist destination. People from around the world come to experience what New Yorkers call the best of the best, and most of them are not disappointed. In fact, millions of people that visit “The City” now what to live there. But in order to own a piece of New York real estate they need plenty of cash. Real estate prices in New York City are breaking records. One penthouse on 57th Street sold for more than $100 million in 2015.
Town Residential, one of the leading real estate companies in New York, isn’t surprised by the prices. Real estate values in New York City and Brooklyn have been increasing steadily for the last seven or eight years. It has been a seller’s market according to brokers at Town Residential. Condos and townhomes as well as co-ops have been selling for extravagant prices for the last two years, and there doesn’t seem to be an end in sight.
According to Town Residential agents, 2015 was the year of big ticket sales. The agents are selling listings all over the city for crazy prices thanks to people that have the cash to spend as well as foreign buyers that don’t care what the cost is as long as they get a chance to say they have a place in New York. Right now, Town Residential has 6 featured properties for sale, and all of them are listed for more than $2 million. One of them is listed on Charles Street for more than $22 million.
The price of New York real estate will continue to climb, according to Town Residential Brokers. Hedge fund billionaire Ken Griffin recently signed a contract on a Central Park South triplex for $200. Plus new construction that is going on the market for $10 million plus will test how many mega-million buyers are actually in the market. But if the current sales are any indication there are plenty of $10 million plus buyers waiting to purchase a home in New York. Fourteen units on Central Park South are listed for $50 million or more, according to the brokers at Town Residential.
An article in the New York Times described the real estate frenzy in the City. The article mentioned the fact that more people will be buying high priced real estate in New York because more of them are being built, and there are plenty of buyers that still want to live in the most exciting city in the world.