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The Real Deal - New York Real Estate News |
The average house price in San Fran rose by over $200K so far in 2018 Posted: 08 Jul 2018 03:13 PM PDT From TRD Los Angeles: If you’re looking to buy in San Fran, prices have just gone way, way up. Housing prices shot up a whopping $205,000 over the first six months of the year, while condos saw a jump of $71,000, according to CNBC, citing data analyzed by Paragon. The increases put the average price of a house in the city at $1.62 million and the average condo at $1.21 million. The historic gains in […] |
HK-backed InnVest Hotels searching for US assets to escape “frothy” Canadian market Posted: 08 Jul 2018 02:30 PM PDT One of Canada’s largest hotel companies backed by Chinese capital is looking for an opportunity to buy south of the border. InnVest Hotels LP is interested in breaking into Seattle, Boston and Chicago–not New York or San Francisco due to cost, according to Jeff Hyslop, InnVest’s senior vice president of asset management, who spoke with Bloomberg about the firm’s plans. “We’ll be cautious in our first foray into the U.S. to make sure it’s the […] |
Chris Xu secures $502M construction loan for tallest condo in Queens Posted: 08 Jul 2018 01:19 PM PDT Developer Chris Jiashu Xu scored a loan worth over half a million for his record-breaking Long Island City condo project at 23-15 44th Drive. The $502 million construction loan came from a group of banks including JPMorgan Chase in a deal brokered by Meridian Capital Group, according to the Wall Street Journal. When completed, Xu’s 67-story building will be the tallest in Queens and will consist of 802 units. The total cost for the project, […] |
The Playboy Mansion sorta back in business with new owner’s July 4 rager Posted: 08 Jul 2018 12:23 PM PDT Despite the unclear future of the Playboy Mansion, its new owner hosted a raucous July 4th party, sort of like old times. The 29-room mansion’s owner, Hostess heir Daren Metropoulos, and his brother Evan played host to bevy of celebrities including Sean John Combs and his family, Matt Bellamy of Muse, UFC champ Chuck Liddell and model Juliana Herz, according to the New York Post. The party was the only licensed firework show in Los […] |
10 resi markets with a boom on the horizon Posted: 08 Jul 2018 10:30 AM PDT A handful of markets are primed to boom thanks to the combination of strong economic growth and a nationwide shortage of housing construction. Identified through a data analysis by Local Market Monitor, the top 10 markets ranked most likely to experience a boom are already seeing home prices rise, but the key indicator is how those increases compare to the prices local incomes would typically dictate. Once that figure reaches 15 percent or higher, a […] |
The Midtown oyster bar where Gov. Cuomo politics over cocktails Posted: 08 Jul 2018 08:51 AM PDT Docks, as its known to its best customers, is an unassuming restaurant at the corner of Third Avenue and 40th Street and possibly one of the most likely places to spot Gov. Andrew Cuomo. Cuomo’s office is the same building and the ground-floor restaurant has served as the setting for numerous discussions between him and a range of other players, including Bronx Borough President Ruben Diaz, Jr., Mayor Bill de Blasio and even negotiations with […] |
Guess the remote housing market that’s blowing up right now Posted: 08 Jul 2018 07:45 AM PDT The market in Hobart, Tasmania is proving to be the dark horse of residential real estate in Australia. Besting both Sydney and Melbourne, Hobart’s housing and rental prices have soared in 2018, according to Mansion Global. Data released by Knight Frank shows home prices rose 14.1 percent year-over-year in the first quarter, while CoreLogic pegged rents increasing at 10.7 percent for houses and 13.6 percent for apartments. Analysts say demand is being caused by low […] |
July Fourth hate crime targets millionaire and his family at luxury hotel Posted: 08 Jul 2018 06:46 AM PDT Frank Davis, co-founder and CEO of Horizon Group, and his son Michael had just returned from breakfast at the Art Ovation Hotel in Sarasota when they found a Post-It note in their room that read “You’re a N—–.” The note had been stuck to a bedside lamp, according to the New York Post, and the Davis’ room was located on the sixth floor of the high-end hotel. “I was stone cold for 30 to 40 […] |
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