A Our residential division — Durst Fetner — is working on a development for Mount Sinai at 1212 Fifth Avenue.
Tony Dennis, an executive vice president for the residential division at City Center said CityCenter will soon introduce a new marketing effort, aimed largely at international buyers.
''In Switzerland, they are still selling off plan and prices are not falling,'' said David Adams, head of the residential division at Chesterton Humberts, a real estate agency in London.
And Savills, the upmarket estate agent, reported that its UK residential division has performed "strongly" in the second half of 2009, with the commercial market also showing improvement: Our UK Residential Agency business has continued to perform strongly since June driven by recovery in the prime markets of London and the south-east.
Sunrun, a developer and financier, recently purchased the residential division of REC Solar, a major installer.
"Of course, a property is not likely to go from being a Ritz-Carlton to a Days Inn," says Bruce Weiner, president of the residential division of Turnberry Associates, the Aventura, Fla .real estate company that is developing the MGM Grand condos.
Josh Myler, director of the residential division at The Agency in Los Angeles, CA, says your landlord should ensure the property is free of any material defects.
"The best opportunities often arise in the least popular markets," says James Mannix, head of Knight Frank's residential investments division.
Paul Herman, the president of the residential management division at Brown Harris Stevens, said that there was "pressure last year not to do projects that weren't absolutely essential".
