Obama’s remarks on Russia’s economy dead right: Experts
CNBC Edward Mermelstein, a New York-based attorney who works with Russian clients and advises on cross-border investments in the Russian Federation, is currently in Moscow and told CNBC that although...
View ArticleSkidding on oil
The Real Deal Ed Mermelstein, a real estate attorney who has many Russian clients, said Russian investors have recently shifted away from high-profile, vanity condo purchases and are looking for stakes...
View ArticleWhen it comes to foreigners, who’s to judge?
The Real Deal Ed Mermelstein, a Rheem Bell & Mermelstein founding partner who works extensively with Eastern European buyers, said that “the bent on the [NYT] story which tries to indicate that...
View ArticleKazakh Leader to Extend Long Rule, Promises Stability
Reuters “We know that Nazarbayev is a constant, we know what to expect of him,” said Edward Mermelstein, president of U.S.-based Alfa Consulting Group which provides business advice focused on Eastern...
View ArticleNew 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...
View ArticleWestern 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 &...
View ArticleTake 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....
View ArticleWhy 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...
View ArticleThe 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...
View ArticleMany 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...
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Black Monday Meltdown: How New York City Real Estate Could Benefit From Panic...
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...
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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...
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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...
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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...
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Japanese Firms Renew Interest in NYC Property
THE WALL STREET JOURNAL Japanese real-estate firms also have been more willing to work this time with local partners. During the 1980s, most Japanese firms didn’t do this, “and that’s a reason why they...
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Green Cards Given to Foreign Investors Under Scrutiny
REALTY TODAY EB-5 was established in 1990 wherein an investor must fund an amount of $1million to a project that can create 10 jobs. This is seen as an easier way to get citizenship. The investor can...
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Chinese Investors Are Scooping Up NYC Real Estate, Aided by Like-Minded Russians
OBSERVER NEWS In the past year, the Chinese have invested almost $6 billion in U.S. real estate, $4.5 billion of which was in Manhattan. Chinese and Russian ultra net-worth individuals and businesses...
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NYC developers and investors begin to shift strategies in preparation for...
THE REAL DEAL Real estate attorney Edward Mermelstein said he’s seeing it on a daily basis. He described it as a strategy developers are taking “to protect themselves as things move forward.” “This is...
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For Foreign Buyers, Family Homes Over Trophy Towers
THE NEW YORK TIMES The number of Russian buyers has dropped in the past year or two, but those who already own here are still buying, said Edward Mermelstein, the managing partner of the law firm Rheem...
View ArticleTrump Policy Impact on Real Estate Still Unclear
Edward was quoted in an article in the New York Times commenting on the impact that President Trump’s policy decisions will have on real estate. See article: April 21, 2017 The controversial...
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