The Real Deal - New York Real Estate News

Check out the $185M observation deck a NYC developer wants to build in Chicago

Posted: 11 Nov 2018 01:00 PM PST

An $185 million proposal by 601W Companies to retool the Aon Center with a carnival-like observation deck is set to be approved by Alderman Alderman Brendan Reilly (42nd), the City Council’s key gatekeeper for Downtown development. The New York-based developer submitted an application last month for the zoning change needed in order for its renovation to go forward, and the alderman signaled he will support it, according to Crain’s. The revamp, proposed earlier this year, […]

More U.S. homes worth twice their mortgage loans: report

Posted: 11 Nov 2018 12:00 PM PST

There are more homes in the United States now worth at least twice as much as the loans secured for them, a new report shows. The finding marks a new high since such data was first collected in 2014. As of 2018’s third quarter, 14.5 million U.S. properties were “equity rich”– up by more than 433,000 from one year ago, according to the study by ATTOM Data Solutions. The uptick represents 26 percent of all properties […]

Here’s where you can get paid to buy (or build) a house

Posted: 11 Nov 2018 11:00 AM PST

Home prices in the nation’s top real estate markets like Los Angeles and New York have hit record highs this year. But in some places in the country local governments will practically pay people to move there. Towns like Curtis, Nebraska, and Marne, Iowa, will give people who build homes the land beneath them for free. Both towns require you to meet certain conditions, of course, like a minimum amount of square footage, according to […]

Think its hard to rent in NYC? Don’t move to Toronto

Posted: 11 Nov 2018 10:00 AM PST

If you thought it possible to abandon your renting woes in New York by heading north of the U.S. border, think again. Toronto is currently experiencing its lowest housing vacancy rate since 2002, with just 2 percent of available inventory, according to a Vice. Citing a report from Urbanation, the outlet reported that the average rental prices for a condominium has reached a record high of $2,385, an increase of 7.6 percent year-on-year during the […]

Apple shopping spree: The tech giant has tripled its U.S. holdings since 2016

Posted: 11 Nov 2018 09:00 AM PST

Apple has been buying up land across America. The company has nearly tripled its U.S. land holdings from the 2,583 acres it owned in 2016 to the 7,376 acres the company declared in last week’s annual report, according to the Financial Times. In 2011, Apple owned a mere 584 acres. The rapid scaling up of Apple’s portfolio is due to the company’s growing need for server farms to run its web-based services. Of late, Apple […]

Compass and Elliman brokers are teaming up to move three units in Superior Ink

Posted: 11 Nov 2018 08:00 AM PST

Three brokers are trying to reel in a nearly $20 million deal at Superior Ink, the 17-story condo in the West Village built in 2009 by Related Companies. Compass broker Brian Lewis is handling the listing for unit 6C in the Robert A.M. Stern-designed building, while Douglas Elliman’s Brett Miles and Andrew Azoulay have units 6D and 6E. The combined total pricing for each individual unit comes to $19.5 million. If all three properties were combined, […]

Google’s Spruce Goose hangar features callbacks to Hughes’ Hercules plane

Posted: 11 Nov 2018 07:00 AM PST

Once a cavernous workspace for Howard Hughes’ sprawling Hercules plane, Google’s Spruce Goose hangar is now a modern canvas for the tech company’s ambitious push into Los Angeles. But its former role as Hughes’ aviation workspace has not been forgotten in Google’s build-out the four-story structure in Playa Vista. Photos and specs released this week by the tech giant show the structure that Google built into the cavernous 319,000-square-foot hangar, which brings total square footage […]

What’s next for David Beckham’s Miami soccer stadium?

Posted: 11 Nov 2018 06:00 AM PST

Voters gave David Beckham and the Mas brothers the green light to move forward with their plans to bring a Major League Soccer stadium and an ambitious mixed-use project to Miami. But what happens next? The project known as Freedom Park could include a 25,000-square-foot soccer stadium as well as more than 1 million square feet of retail and office space and about 750 hotel rooms on a site that is now home to a […]