The Real Deal - New York Real Estate News

One of the largest parks in Brooklyn is going to be a residents-only amenity

Posted: 08 Jun 2019 01:00 PM PDT

A new 25,000-square-foot green space in Brooklyn is reserved for residents of a new development exclusively. The sprawling space will be equal to roughly five basketball courts and packaged as an amenity to residents of the Front & York condo project, a 1.1 million-square-foot, mixed-use development in Dumbo, the New York Post reports. Expected to be mostly complete by 2021, Front & York will have two towers containing 320 rental apartments and 408 condos. Prices […]

How long can Hong Kong’s family real estate dynasties last?

Posted: 08 Jun 2019 12:00 PM PDT

Hong Kong’s family dynasties might not be able to maintain their control over the city’s wealth indefinitely. The region’s “Big Four” property empires are all handing off a total of $109 billion worth of real estate to the next generation, who do not have the same close ties to Beijing that its predecessors did with the Hong Kong government and banks, according to a Bloomberg opinion column from Nisha Gopalan. And with Beijing’s presence in […]

Forget Netflix — this company now wants to charge $3K to stream theatrical releases day-of at home

Posted: 08 Jun 2019 11:00 AM PDT

Gone are the days when a movie theater in a multi-million-dollar property was enough to garner attention. Now, a membership to a luxury streaming platform is upping the stakes. Red Carpet Home Cinema, founded by two entertainment heavyweights, is letting a select, affluent bunch stream major theatrical releases from the comfort of their home on the day they hit theaters, Forbes reported. The premium content service requires individuals to pay a flat fee of $15,000 […]

Bringing the band back together: Eddie Lampert to buy Sears Hometown and Outlet Stores

Posted: 08 Jun 2019 10:00 AM PDT

Seven years after Sears spun off its outlet stores into a separate company, controversial former CEO Eddie Lampert wants to bring them back under his wing. The parent company of the retail giant, in which Lampert has a majority share, announced this week that it would pay $2.25 per share to acquire Sears Hometown, according to the Associated Press. The acquisition would allow Sears Hometown to sell its Sears Outlet and Buddy’s Home Furnishing Stores […]

This obscure Caribbean island is a favorite among the super wealthy

Posted: 08 Jun 2019 09:00 AM PDT

Within the Caribbean islands of Grenada and St. Vincent, there’s a picturesque isle frequented by the super wealthy called Canouan. The small 3.5-mile by 1.25-mile island has a pristine natural environment and one of the largest coral reefs in the Caribbean. There are just 2,000 residents, but multimillion dollar homes dot the island as well as a five-star Mandarin Oriental resort, according to Fodor’s Travel. The former marketing director for the Raffles hotel, which previously […]

Bumble’s going brick-and-mortar

Posted: 08 Jun 2019 08:00 AM PDT

Amid the war on brick-and-mortar, Bumble is bucking the trend. Two years after experimenting with its first pop-up shop in Soho, the dating app is opening a permanent cafe in the same neighborhood. The space will be a coffee shop during the day and transition to a wine bar at night with small plates that won’t humiliate cafe-goers during dates or networking meetings — so no wings, no spaghetti and no sauce-drenched hamburgers. The app, […]

Palm Beach mansion that once asked $85M is under contract

Posted: 08 Jun 2019 07:00 AM PDT

An oceanfront mansion in Palm Beach that once asked $84.5 million is reportedly under contract. The property, a never-occupied estate at 1071 North Ocean Boulevard, was first listed for $84.5 million in March 2015. The owners lowered the asking price several times since then, taking it down to about $60 million. It was the most expensive home listing in Palm Beach for about two years. Philadelphia lawyer and charter-school entrepreneur Vahan Gureghian and his wife, […]

This week in celeb real estate: Garry Marshall’s Malibu pad sells, Barry Manilow’s former home re-lists..and more

Posted: 08 Jun 2019 06:00 AM PDT

The start of June brought some sizzle to the luxury real estate market, with notable sales in Malibu and Beverly Hills. A handful of massive properties also listed — the most extravagant being a 43,000-square-foot home in Montecito. The children of late Hollywood filmmaker Garry Marshall sold their family home in Carbon Beach for $14.2 million, about 20 percent below its original list price. Kathleen, Lori and Scott Marshall sold the 3,190-square-foot oceanfront estate through […]