The Real Deal - New York Real Estate News

The sale of a lifetime: “Storage Wars” auctioneer sold a unit containing $7.5M for $500

Posted: 25 Nov 2018 01:00 PM PST

The buyer of a storage unit inadvertently landed the deal of a lifetime. A man bought a storage unit from “Storage Wars” reality TV star Dan Dotson at an auction for $500 and later discovered it contained an unopened safe holding $7.5 million, according to the New York Post. The news came out after the man’s wife approached Dotson at another auction and explained what they found. The former owner of the unit later contacted […]

Casper CEO says death is coming for “bad” retailers

Posted: 25 Nov 2018 11:00 AM PST

Casper co-founder and CEO Philip Krim thinks the retail apocalypse will discriminate between good and bad. “There’s certainly not a death of retail, there’s just a death of bad retail,” Krim told the Wall Street Journal in a recent interview. His definition of bad retail is a store experience where customers aren’t enjoying themselves. His prime example? Most mattress stores. “Before Casper came along, you had to go to bad retail [to buy a mattress] […]

Are the Hamptons having a late “surge” in sales?

Posted: 25 Nov 2018 09:00 AM PST

The Hamptons market seems poised to finish the year strong, though to what degree is up for debate. Compass broker Matthew Breitenbach closed a $6.5 million deal just over a week ago for a new-build at 232 Main Street in Sag Harbor Village and the transaction was one of 37 properties that he claims went into contract in the Hamptons between Nov. 13 and 19, based on Compass’ internal numbers. “This is the busiest it’s […]

Why Chase is turning to Pinterest to take on the “most competitive market” in 20 years

Posted: 25 Nov 2018 07:30 AM PST

JPMorgan Chase’s new customized Pinterest boards are meant to simulate a dream renovation, with only the smallest dose of reality. The boards, generated by filling out a brief quiz, are stocked full of fantastical photos of luxury residences alongside DIY home-building advice and a smorgasbord of Chase financing options to pay for it all. The marketing initiative is the result of a partnership between Chase Home Lending, Pinterest and the bank’s ongoing celebrity spokesmen, home […]

Arthur Erickson-designed home hits market for $12.8M

Posted: 25 Nov 2018 06:00 AM PST

A house designed by Canadian architect Arthur Erickson has just hit the market for $12.8 million. The West Vancouver home is owned by co-founder of metal manufacturer Ebco Industries Hugo Eppich and his wife, Brigitte. The couple and their three children moved into the home in 1988, Bloomberg reported. Now in their 80s, the couple feels the roughly 6,000-square-foot home is too big for them. Eppich commissioned Erickson to design his home after the architect […]