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Condo building is setting a trend.


A few months after sales began at Brooklyn's first commercial condominium condominium

In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common.
 building, Greenpoint Greenpoint or Green Point can refer to the following places:
  • Greenpoint, Brooklyn in the USA
  • Green Point, New South Wales in Australia
  • Green Point, Cape Town in South Africa
  • Green Point, Newfoundland in Canada
 Lofts is now 30% sold and planning on a mid-summer opening. The building has attracted attention from various groups of buyers, all seeking to invest in their office space rather than rent.

The five-story corner building at 231 Norman Norman, city (1990 pop. 80,071), seat of Cleveland co., central Okla.; inc. 1891. It is the center of a livestock region. Oil wells, food processing, and printing and publishing contribute to the economy, and there is diverse manufacturing (machinery, communication  Avenue in Greenpoint is the newest offering from developer Vision Group and its marketing partner Upside Upside

The potential dollar amount by which the market or a stock could rise.

Notes:
This is basically an educated guess on how high a stock could go in the near future.
See also: Bull, Downside
 Ventures.

With 68 units ranging from 600 to 1,150 s/f, Greenpoint Lofts is the first Brooklyn Brooklyn (brk`lĭn), borough of New York City (1990 pop. 2,300,664), 71 sq mi (184 sq km), coextensive with Kings co., SE N.Y.  addition to New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 City's newest trend in commercial condominiums, bringing prime work space to an area with extremely limited offerings in office space.

The building will provide small business owners and other entrepreneurs with an affordable alternative to Manhattan's surging rental rates, offering units at an average of $400 psf, compared with $700 to $800 ppsf elsewhere in the city.

"The office condo is the innovative idea for savvy developers to consider when facing zoning challenges. The demand is strong from companies that want to be in a creative environment and control their future," said Ralph Trionfo, managing principal at Upside Ventures.

This new concept of business condos gives business owners the opportunity to own their own office space and hedge against the exorbitant rent increases that are typical of the area and that have forced out many smaller business owners, said Amir Yerushalmy, president of Vision Group.
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Title Annotation:NEW JERSEY
Comment:Condo building is setting a trend.(NEW JERSEY)
Publication:Real Estate Weekly
Date:May 23, 2007
Words:235
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