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Chinese Real Estate Investors Look to Waldorf-Astoria for Investment Hope

Chinese Real Estate Investors Look to Waldorf-Astoria for Investment Hope

REALTY TODAY The Chinese wealthy along with their country’s various money institutions are aiming for stable and reliable investments notably in commercial and income-generating residential projects as compared to luxurious properties that are considered for personal use. This is according to Edward Mermelstein who is a 20-year-old veteran of consulting for clients in realty business. …

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China’s troubles make Russia’s Putin into a loser

China’s troubles make Russia’s Putin into a loser

CNBS As if the falling ruble, crippling sanctions and plunging oil prices weren’t a bad enough combination for Russian President Vladimir Putin, now his most important ally, China, is facing serious economic problems of its own. Sasha Mordovets | Getty Images Russian President Vladimir Putin Putin is in China this week for a World War …

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Black Monday Meltdown: How New York City Real Estate Could Benefit From Panic In China

Black Monday Meltdown: How New York City Real Estate Could Benefit From Panic In China

  International Business Times   Edward Mermelstein, a real estate attorney in New York City who has Chinese clients, said he has seen little change in real estate purchases from Chinese buyers in recent weeks and months. The downturn in China’s stock markets began in mid-June, but Chinese investment in U.S. property has continued as usual, …

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Many Manhattan Luxury Buyers Opt for Mortgages

Many Manhattan Luxury Buyers Opt for Mortgages

Mansion Global The all-cash buy is far from dead however, according to Ed Mermelstein, a Manhattan-based real estate attorney. Mermelstein attests to the fact that many buyers from China and Eastern European nations still come to the Big Apple favoring the all-cash deal. For affluent Manhattanites and other American buyers, the pendulum has begun swinging …

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The Chinese are flooding NYC market like never before

The Chinese are flooding NYC market like never before

The Daily News Chinese investors and developers are flooding the local real estate market at never-before-seen levels, buying some of New York City’s most iconic buildings at prices that local buyers aren’t willing to pay. “Insane is definitely the right way to characterize it,” said real estate attorney Edward Mermelstein, who’s worked on projects with …

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Why Scrutinize Foreign Buyers?

Why Scrutinize Foreign Buyers?

Globest.com Ed Mermelstein, a founding partner of RheemBell & Mermelstein LLP, an international real estate law firm that represents high net-worth investors, developers and a broad range of financial institutions in private equity, commercial, and residential real estate transactions. GlobeSt.com caught up with Mermelstein to get his perspective…  

Take Your Money and Run: Russians and Ukrainians Invest Their Funds in the US

Take Your Money and Run: Russians and Ukrainians Invest Their Funds in the US

Epoch Times “Many of our clients who were making substantial money in the oil sector had to sell, went bankrupt, and are putting money back into the businesses in order not to lose their businesses. They have to diversify into other means of getting income, and real estate has become a very popular alternative to …

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Western sanctions encouraging Russia to build ‘independent financial structure’

Western sanctions encouraging Russia to build ‘independent financial structure’

International Business Times Speaking to IBTimes UK, with reference to the EU’s decision to extend sanctions on Russia, Edward Mermelstein, an international attorney from law firm Rheem Bell & Mermelstein, said the extended sanctions would not worsen the economic situation in Russia, as the country has a history of remaining independent of the Western systems. …

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New Condo Prices Expected to Hit Record $5.9M Average in 2015, Report Says

New Condo Prices Expected to Hit Record $5.9M Average in 2015, Report Says

DNAinfo The average price of units in these new buildings is expected to reach a record $5.9 million this year, according to a report released Tuesday from CityRealty. “It’s not just going to break all records in terms of price, it’s going to be the first to hit those records within the shortest period of time,” …

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