The Real Deal - New York Real Estate News

Lands’ End is breaking up with Sears for Amazon

Posted: 12 May 2019 01:00 PM PDT

Lands’ End is reducing its physical presence and reinforcing its efforts to sell clothing in the virtual world. The casual apparel retailer is closing its retail spaces inside Sears stores and has started selling some products online through Amazon, the Chicago Tribune reported. Wisconsin-based Lands’ End is preparing to close its last 40 retail locations inside Sears stores, down from 174 about a year ago. “We’re not in their long-term plans, and they’re not in […]

Why San Fran’s newly-minted millionaires aren’t bidding up homes prices

Posted: 12 May 2019 12:00 PM PDT

Big initial public offerings for Lyft, Pinterest and Uber were expected to fuel a surge of home purchases by new millionaires in the San Francisco area. But, midway through spring selling season, evidence to date isn’t backing up the hypothesis. Patrick Carlisle, a market analyst for Compass, told Bloomberg that the San Francisco-area market is “bumping up against what prices people are willing to pay, or can pay.” The median sale price of a San […]

Bargain beacons? Coast Guard offers Florida lighthouses as free fixer-uppers

Posted: 12 May 2019 11:00 AM PDT

The feds are offering four Florida lighthouses free of charge to qualified entities. The catch? New owners may have to spend seven-figure sums to make them habitable and operable. The Coast Guard is offering four historic Florida lighthouses built before and after the Civil War, according to the New York Post. Each structure would cost an estimated $2 million to $3 million to restore it to full functionality, according to Eric Martin, president of the […]

Douglas Elliman’s officially open for business in “kitschy” Tampa

Posted: 12 May 2019 10:00 AM PDT

Douglas Elliman has officially opened its first office in “kitschy-esque” Tampa. Yes, that was Elliman’s Florida CEO Jay Phillip Parker’s description of the brokerage’s latest outpost in the Sunshine State, as stated in an interview with the Tampa Bay Times. He said the Tampa office’s opening comes as the brokerage is seeing heightened interest in west coast cities like Sarasota, St. Petersburg and Tampa from within the state. “It’s generally more of the Midwestern type […]

Ex-Venezuelan politician and former Miss Universe lists Gables estate for $25M

Posted: 12 May 2019 09:00 AM PDT

A company tied to former Miss Universe and ex-Venezuelan politician Irene Sáez is listing a spec mansion in Coral Gables for $25 million. Property records reveal Bidu Properties LLC — controlled by Sáez’s husband, Venezuelan businessman and former Ocean Bank principal Serafín García, and Jessica and Karina García — owns the nearly 11,000-square-foot estate at 115 Arvida Parkway. The mansion hit the market for $25 million, according to Realtor.com. Sáez won Miss Universe in 1981, […]

Giveaway alert: This house is free…if you’ll pay to move it

Posted: 12 May 2019 08:00 AM PDT

The owner of a four-bedroom house in Minnesota is willing to give it away – so long as its new owner pays to relocate it. Barbara Kochlin inherited her house in Jordan, Minnesota, from her grandmother, who had relocated it in 2002 to an area zoned for commercial properties and never connected it to water and sewage service, the New York Post reported. “I’m not giving away some hidden gem,” Kochlin told the Post. She […]

“The Mooch” and wife add Manhasset home to their portfolio

Posted: 12 May 2019 07:00 AM PDT

Former White House communications chief Anthony Scaramucci and his wife Deidre Bell bought a 6,200-square-foot home in Manhasset for $3.05 million, the New York Post reported, via the Rupert Murdoch-owned Realtor.com, which noted the final sales price was about $1.1 million less than the property came on the market for last year. The home at 45 Plymouth Road, which was built last year, has six bedrooms, five-and-a-half bathrooms and coffered ceilings, along with a master […]

Mother’s Day is better known as “Landlord’s Day” for many millennials

Posted: 12 May 2019 06:00 AM PDT

This Mother’s Day could conceivably double as “Landlord Appreciation Day” for many millennials who still live at home. To celebrate the holiday, Zillow studied where millennials — defined as people aged 23 to 37 — live with their mothers across 50 major U.S. regions, the Daily Breeze reported. Across the nation, 22 percent of millennials were found to be living with mom in 2017, a 9 percent jump since 2005. According to the study, Riverside […]