The Real Deal - New York Real Estate News

Justice Ruth Bader Ginsburg may soon get a building named after her

Posted: 29 Sep 2018 01:00 PM PDT

Brooklyn Borough President Eric Adams wants to remind people where Flatbush-born Supreme Court Justice Ruth Bader Ginsburg came from by launching a campaign to rename the Brooklyn Municipal Building. “The life of Ruth Bader Ginsburg is a quintessential New York story,” Adams said, according to the New York Post. “She rose to the apex of her profession, staying true to her ideals and principles. [Justice] Ginsburg has become an icon, affectionately referred to as the […]

Incidents of property crime are falling across the country says FBI

Posted: 29 Sep 2018 12:00 PM PDT

Your property is a little bit safer today than it was last year, the Federal Bureau of Investigation said this week. A countrywide review of property crime, defined as “burglary, larceny-theft, motor vehicle theft, and arson,” found that the number of incidents fell by 3 percent between 2016 and 2017, according to the FBI, as reported by Inman. However, damages from property crime in the same time-frame amounted to a staggering $15.3 billion. The FBI […]

Here’s how much you need to earn to buy a median-priced home in NYC

Posted: 29 Sep 2018 11:00 AM PDT

The salary New Yorkers must be earning to afford a median-priced home in the city is about $103,000. But despite that threshold in a city where the median household income hovers at just over $50,000, New York is not the most expensive city to own a home. In fact, West Coast cities of Los Angeles, San Francisco and San Diego all beat out the Big Apple, according to a recent survey by mortgage research firm […]

Shahid Khan to buy Wembley Stadium for $790 million

Posted: 29 Sep 2018 10:00 AM PDT

Shahid Khan, the American billionaire who made his fortune designing a one-piece bumper for trucks, is expected to buy London’s Wembley Stadium for $790 million, after the English Football Association board approved the sale. Khan, who also owns the NFL team Jacksonville Jaguars and English Premier League team, Fulham F.C., has been in talks to make the purchase since April. As part of the sale, he must keep the famous stadium’s name, and not offer […]

Looking to buy property overseas? These countries don’t want your money

Posted: 29 Sep 2018 09:00 AM PDT

If you’re looking to purchase property overseas, the options are becoming increasingly limited. New Zealand is the latest country to clamp down on foreign real estate investment, citing concerns over dirty money and an affordable housing crisis, as the Wall Street Journal reports. But several countries across Asia, Europe and even North America have adopted similar measures to cool off their booming housing markets in the past decade. Canada, the United Kingdom, Switzerland and New […]

How a Hong Kong developer made nearly $600M in a day

Posted: 29 Sep 2018 08:00 AM PDT

Buyers in Hong Kong defied warnings about a housing-bubble burst when they snapped up more than 500 apartments Tuesday – the biggest home sale for the city in five years. A pair of developers offered 857 apartments for sale on the day following the Mid-Autumn Festival, which is considered a lucky time to buy, the South China Morning Post reported. For Nan Fung Development’s LP6 project, more than 4,100 buyers entered into a lottery for […]

The number of buyers who find an agent online is still only 9 percent

Posted: 29 Sep 2018 07:00 AM PDT

The internet may be changing the real estate industry, but the amount of people who find an agent online has been stagnant for a decade. Just 9 percent of buyers find an agent online, which was the same amount that did so 10 years ago, according to Inman, citing data from the National Association of Realtors. Buyers and sellers were both more likely to find an agent through friends and family, with more than 40 […]

Kevin Garnett shoots for high price on unfinished Malibu compound

Posted: 29 Sep 2018 06:00 AM PDT

NBA superstar Kevin Garnett was known as a finisher on the basketball court, but he’s bowing out early in Malibu. The 42-year-old retired star is shopping a seven-acre property with a half-finished mansion in the beachside city for $19.9 million, according to the Los Angeles Times. Listing photos show an 11,000-square-foot mansion under construction on the three-parcel property. The home is reportedly a year away from completion, with room for a buyer to customize portions […]