The Real Deal - New York Real Estate News

Luxury developers love to redevelop former newspaper HQs

Posted: 04 Jan 2020 11:00 AM PST

Dozens of America’s print newspapers have bit the dust or downsized in recent years, leaving behind offices complexes in cities across the country. Luxury real estate developers have been quick to scoop them up for redevelopments. Chicago’s neo-Gothic Tribune Tower, once home to the Chicago Tribune, is the latest to get the adaptive reuse treatment. CIM Group and Golub & Co. are turning the 1925 building into 162 luxury condominiums that could open by the

The luxury senior-living sector is booming

Posted: 04 Jan 2020 09:00 AM PST

The 53-story Clare tower on Chicago’s Magnificent Mile has sold for $105 million, a sign that luxury senior living facilities hold huge upside in today’s market. Fundamental Advisors LP sold the luxury seniors-only tower for twice what the private equity firm paid for the 334-unit tower in 2012, according to the Wall Street Journal. The sale is a good sign for investors backing luxury senior living projects. The wider senior living sector has been held

These were the craziest housing markets of the 2010s

Posted: 04 Jan 2020 05:00 AM PST

The last decade has been one of extremes for the U.S. housing market. Take Fort Lauderdale, for example. No other city in the U.S. saw a more dramatic increase in home prices on a percentage basis between 2010 and 2019, according to Redfin data cited by Mortgage Professional America. The median home price in the city is now 160 percent higher than in 2010, increasing from $106,000 to $278,000. Orlando and Miami saw 127 percent