NEW YORK – JULY 29, 2009 – JJ Bistricer, executive vice president of Clipper Equity, developer of BellTel Lofts, announced, “BellTel Lofts has just received Federal Housing Administration (FHA) approval for qualified buyers – we are the first luxury condominium in Downtown Brooklyn to receive this FHA approval and are excited that more qualified buyers will be able to access mortgages here.” According to a June 28, 2009 New York Times article, FHA “loans now make up nearly a quarter of the market.” Ilan Bracha, managing director of The Bracha Group, Prudential Douglas Elliman announced, “BellTel Lofts presently has 3...  READ MORE

Yesterday I attended the Professional Women in Construction (PWC) Developers forum where I spoke about development in demanding times. I was on the panel along with J.J. Bistricer, Executive Vice President of Clipper Equity; Ivanka Trump, Executive Vice President of the Trump Organization; and Louise Sunshine, Development Director at Alexico Group. I was honored that they asked me to spe...  READ MORE

I just returned from a Mike Ferry seminar in San Diego, the trip was short, but I learned some very valuable lessons and met some very interesting people. Some of the brokers I met have been in the business for many years and told me that prices have gone done 60%- 80% since last year in their area. To put things in perspective, prices here in New York City have dropped 10% to 15%, a f...  READ MORE MORE EDITORIALS HERE