The International Monetary Fund (IMF) has cut its projections for U.S. economic growth for 2017 and 2018. The IMF now forecasts the U.S. GDP, or Gross Domestic Product, growth to be 2.1% this year, instead of the 2.3% forecast in April. GDP growth for 2018 has been revised to 2.1% from 2.5%. However, the IMF still [...]
Watch as Ron Koenigsberg, CCIM of American Investment Properties discusses REITs, what they are, how to qualify as one, how they work, types and the benefits of investing in one.
Rockville Centre, NY American Investment Properties Inc. (AIP) has arranged the all-cash sale of a 5,100 s/f mixed-use property for $1.03 million. The property, 218-220 Sunrise Hwy., which was built in 1936 and consists of three stores and two apartments, was sold by Douglas Barnaby to Dan Nicolo. The price amounted to $202 per s/f with a projected [...]
July 21, 2017 Last month Long Island Business News’ David Winzelberg crafted a cover story entitled “Remaking Retail” that featured American Investment Properties’ President Ron Koenigsberg. The story focused on ways in which Long Island retail properties are adapting to meet the ever-changing needs of the retail market to remain resilient. Read the full story here>>
We’ve officially moved into the second half of 2017. With six more months to go of this year, now is a great opportunity to check in on your New Year’s Resolutions and take stock in where you are against the goals you’ve set for the year. At the start of this year we challenged you to [...]
On Friday, June 16th Amazon announced that the company had a deal in place to buy Whole Foods Market for $13.7 billion at a price of $42 a share. The Billion Dollar Deal: Acquiring Whole Foods Market The 13.7-billion-dollar deal, easily the largest by Amazon, will pay $42 per share in an all-cash deal. That’s 27% [...]
After years of crisis-era zero interest rates, the Federal Reserve recently raised its key interest rate by 0.25% for the second time in just three months. After the quarter point rate hike, the Fed Funds Target Rate now stands at 1.25%, which is still very low by historical standards. In doing so, the Fed is signaling [...]
July 04, 2017 Garden City, NY Ron Koenigsberg, CCIM, President of American Investment Properties received the Commercial Broker of the Year award from the Long Island Business News at the 2017 Real Estate and Development Awards. Read The Full Article>>
Watch as Ron Koenigsberg, CCIM, President of American Investment Properties breaks down the non-compete clause and discusses its benefits for tenants and landlords alike.
Long Island’s unemployment rate holds steady at 3.9%, suggesting full employment. A study released by the State Department of Labor shows that the unemployment rate on Long Island has remained steady over the past year. Some local economists believe the rates are steady because Long Island has reached full employment – meaning that the jobless rate [...]
