Navigating a Dynamic Market The New York City rental market has always been a dynamic and ever-evolving landscape. In 2024, the median asking rent in the city rose by 2.1 percent from October 2023 to October 2024, reaching $3,676 per month. While this increase might seem daunting, it actually signals a more balanced and calmer …
The Mega Millions jackpot has soared past $600 million, sparking dreams of instant wealth and the possibilities that come with it. For many, the allure of a life-changing windfall highlights aspirations for a better future—whether it’s owning a home, building a business, or achieving financial freedom. But for Albert Dweck, founder of Duke Properties, creating …
Albert Dweck and Duke Properties: Helping New Yorkers Dream Big—Without the Lottery Read More »
Manhattan has long been synonymous with aspiration, opportunity, and the ultimate urban lifestyle. Yet, with skyrocketing real estate prices and the associated income requirements to buy property, the dream of owning a home in Manhattan often feels out of reach for many. In 2024, the average income needed to buy in Manhattan hovers well into …
The Financial District, known for its iconic skyline and bustling business environment, has long been a hub of economic activity. However, the recent news of a converted office tower at risk of default has raised concerns among investors and stakeholders. Albert Dweck Duke Properties, a leader in real estate and property management, is stepping up …
Albert Dweck Duke Properties: Managing Difficulties in the Financial District Read More »
The hospitality industry has faced unprecedented challenges over the past few years, with the COVID-19 pandemic and subsequent economic shifts reshaping the landscape. One significant change has been the use of hotels to house migrants, a necessary measure to provide shelter and support during times of crisis. As the situation evolves and migrants move out …
Albert Dweck Duke Properties: As Migrants Move Out, Hotels May Return to Normal Read More »
Introduction In a significant move towards transparency and ethical governance, New York City has paused a controversial lease agreement at an office tower owned by a prominent donor to Mayor Eric Adams. This decision has sparked widespread discussion about the future of real estate practices in the city. The lease, which involved the Department for …
The U.S. rental market is on the brink of a significant transformation. After an unprecedented building boom that introduced over 1.2 million new apartments in the past two years, the demand for rental units is surging, setting the stage for a robust recovery in rent prices. This resurgence is a welcome development for landlords and …
Albert Dweck: Rents Set to Roar Back as Apartment Demand Surges After Building Boom Read More »
As the real estate market continues to evolve, savvy investors are always on the lookout for the next big opportunity. Albert Dweck, the CEO of Duke Properties, has a keen eye for identifying promising markets and trends. In this narrative, we explore the top five housing markets to watch in 2025, as highlighted by Dweck, …
Affordable housing in New York City has long been a critical issue, with the city’s high cost of living and limited housing supply creating significant challenges for residents. However, amidst these challenges lie opportunities for innovative solutions and community-driven initiatives. Albert Dweck of Duke Properties has been at the forefront of addressing these issues, advocating …
Affordable Housing in NYC: Challenges and Opportunities – Albert Dweck Duke Properties Read More »
The real estate market in New York City is known for its dynamic nature, constantly evolving with economic shifts and market trends. Recently, a significant development has emerged: an increase in foreclosures, particularly among the largest landlords. This trend presents both challenges and opportunities for the real estate sector. Albert Dweck of Duke Properties, a …
