The Real Deal - New York Real Estate News

How Boston is preparing its waterfront RE for worsening storms

Posted: 02 Jun 2018 03:43 PM PDT

The ocean near Boston is warming at a faster rate than any other area in the U.S., so the city has been giving some serious thought to how climate change will change its waterfront developments. One of the prime examples of how this reflection plays out is a recent development by Skanska, as CNBC reports, 121 Seaport, an elliptical office tower. “That shape alone is very sustainable in that the wind on this building is […]

Why Vancouver homeowners are begging to be taxed

Posted: 02 Jun 2018 03:16 PM PDT

Vancouver’s housing market is so off-the-charts, some homeowners are asking to be taxed. “I would like to see a correction to sober up this whole place,” one resident, Rob Welsh, told the New York Times. “If I got to lose 200 or 300 grand to keep the kids and the future of this place, so be it.” The provincial government has introduced a 20 percent foreign-buyer tax, and new taxes on second homes, families whose […]

Stuy Town’s new “ahead of the game,” yet “strange,” marketing strategy

Posted: 02 Jun 2018 02:18 PM PDT

In a bid to attract market-rate tenants, Stuy Town is getting a little bit weird. The development has outfitted a 22-foot-long truck at a cost of $150,000 to serve as a kind of display home-on-wheels in a bid to attract a new crowd, according to the New York Times. Driving aroun dmostly in Brooklyn–and particularly neighborhoods that will affected by the L-train’s shutdown– the truck is supposed to allow leasing agents to give interested parties […]

10 Brooklyn families buy million-dollar homes for about 50% off under city program

Posted: 02 Jun 2018 11:52 AM PDT

Ten lucky families beat out more than 1,500 other applicants for an affordable housing program and now they can each call a two-family home in Bedford-Stuyvesant their own. The homes, valued at between $1 million and $1.2 million, were sold to the families for prices ranging from $407,000 to $623,000, thanks to subsidies from New York’s Department of Housing Preservation and Development and the New York State Affordable Housing Corporation, as the New York Post […]

Want an unsolicited lunch date with the owner of the second largest U.S. brokerage?

Posted: 02 Jun 2018 10:55 AM PDT

Want a sit-down with Warren Buffett? It could be arranged, but it will cost you. A private lunch with Buffett is auctioned off online every year (on eBAy of all places) and this year the price tag attached was $3.3 million, according to the Associated Press — and that’s not even the all-time record. In 2012 and 2016, the winning bidders paid about $3.4 million for the privilege of a little time with Buffett. Though […]

Hamptons buyers claim they didn’t know Bravo would be filming “trashy” show next door

Posted: 02 Jun 2018 09:12 AM PDT

Not everyone is excited to see reality TV celebrities, especially in the Hamptons. After laying down millions for house in Water Mill, Long Island, at least three new homeowners had an unwelcome surprise when they discovered season three of Bravo’s “Summer House” show would be filming next door, according to the New York Post. The new residents of the gated community claim they only found out when notices about filming were distributed. “Not one of […]

Adult coloring books may help sell houses

Posted: 02 Jun 2018 07:23 AM PDT

Coloring books aren’t just for kids; they’re also for home buyers looking for something special. For some, coloring between the lines of a real house gets them thinking of making their dream home a reality; for others, it’s about testing color palates and various decorative schemes, as the Wall Street Journal reports. But real estate players such as Christie’s and developer Naftali Group see greater potential. Both companies are among the trailblazers experimenting with how […]

AOL co-founder sells Jackie O’s childhood home to Saudi government

Posted: 02 Jun 2018 06:00 AM PDT

Diplomatic delegations from Saudi Arabia can now expect an immersive American history lesson on their stateside visits that will now likely include spending time at Merrywood, a seven-acre estate overlooking the Potomac River where Jacqueline Kennedy Onassis lived as a child. The Saudi government bought the 23,000-square-foot home from AOL co-founder Steve Case and his wife Jean in a sale that closed last week, according to the Wall Street Journal. The Cases bought the house […]