The Real Deal - New York Real Estate News

This week in celeb real estate: Tinder co-founder eyes breakup with Montecito home, Beck’s former home lists for sale… and more

Posted: 18 May 2019 01:00 PM PDT

Aside from one $16 million sale in the South Bay, celebrities looked outside L.A. for their real estate fix this week. Two multi-million-dollar listings came up in Montecito, a celebrity enclave in Santa Barbara known to attract A-listers like Ellen DeGeneres and Oprah Winfrey. In Montecito, Tinder co-founder Sean Rad is looking to part ways with a ranch home he picked up from Ellen DeGeneres last year. The scenic six-acre compound is on the market […]

Judd Apatow and Leslie Mann snag a Sawtelle office for production company

Posted: 18 May 2019 12:00 PM PDT

Hollywood power couple Leslie Mann and Judd Apatow have picked up a new office on the Westside for their production company, Apatow Productions. In April, Apatow and Mann closed on a $12.4 million deal for a two-story building at 2257 Colby Avenue in Sawtelle, not far from Apatow Productions’ current office on Pico Boulevard. Apatow founded the production company in 1999 and has produced a steady stream of television and films over the last two […]

Chris Cuomo’s Southampton home finds buyer with last ask near $3M

Posted: 18 May 2019 11:00 AM PDT

CNN anchor Chris Cuomo and his wife, journalist Cristina Cuomo, have found a buyer for their Southampton home that was last listed for $2.9 million, according to Behind the Hedges. The final sale price wasn’t immediately available. Cuomo and his wife, who founded the Hamptons wellness publication Purist, listed the home at 74 Corrigan Street back in February with Harald Grant of Sotheby’s International Realty. The couple bought the 0.6-acre estate in 2005 for $1.3 million, […]

D.R. Horton has bought land worth millions from founder’s sons

Posted: 18 May 2019 10:00 AM PDT

Homebuilding giant D.R. Horton has paid its founder’s children millions of dollars to buy land to develop over the last two years. Federal securities filings reviewed by Bloomberg show that the Texas-based company purchased $8-million-dollars-worth of land from companies led by the two sons of Donald R. Horton and that is has agreements to pay $114 million more for properties they own. The filings note that a compliance officer with the publicly traded company and […]

The Dude is moving on: Jeff Bridges lists Montecito estate

Posted: 18 May 2019 09:00 AM PDT

Apparently when it comes to his Montecito real estate holdings, the dude does not abide. Oscar-winning actor Jeff Bridges has put his four-acre compound in Montecito on the market for $8 million, the Los Angeles Times reported. The property on San Leandro Lane includes a 100-year old Spanish Revival-style home, guesthouse, pool house, carriage house and horse facility. Bridges and his wife, Susan Geston, purchased the compound in 2014 for $6.9 million, and remodeled the […]

Texas teachers’ pension fund makes huge investment in international real estate

Posted: 18 May 2019 08:00 AM PDT

The Texas teachers’ retirement fund is betting big on the international real estate market. The $3 billion Teacher Retirement System of Texas announced it will invest over $500 million with Dallas-based private equity firm Lone Star Funds, plus another $150 million for an infrastructure fund, according to IP&E Real Assets. About $300 million will be invested into Lone Star’s Real Estate Partners VI fund, which is seeking $3 billion for property investments in Western Europe, […]

Uber who? Softbank lenders don’t sweat rough week on stock market

Posted: 18 May 2019 07:00 AM PDT

Softbank might have a junk-level credit rating and is fresh off a stock market beating this week, but banks have never felt safer lending to the telecommunications operator-turned venture capital giant. The price of a five-year Softbank credit default swap dropped from 2.9 percent last year to about 1.8 percent this month, a sign of growing confidence the Tokyo-based firm won’t default on its debt, according to the Wall Street Journal. One factor could be […]

One winner in Brexit turmoil: London homebuyers

Posted: 18 May 2019 06:00 AM PDT

Uncertainty over Brexit is helping turn some of London’s prime neighborhoods into true buyers’ markets. Home prices in some of the city’s most sought-after districts fell by the most in a decade during the first quarter as worried sellers cut prices in order to find buyers, according to Bloomberg. That led to a sharp rise in transactions as buyers flooded the market looking for deals. With British politicians unable to agree on a way to […]