The Real Deal - New York Real Estate News

NBC spends $750K to transform arena in New Jersey swamp

Posted: 12 Jan 2020 11:00 AM PST

Of all of the creative adaptive reuse projects that have sprung up across the country over the last several years, the most creative might be sitting next to Metlife Stadium in the swamps of East Rutherford, New Jersey. Meadowlands Arena, the former home of the New Jersey Nets and New Jersey Devils, has new life as a soundstage for entertainment giant NBCUniversal. NBC has invested more than $750,000 since mid-2018 to turn the defunct stadium,

Silicon Prairie could be the Silicon Valley of the 2020s

Posted: 12 Jan 2020 09:00 AM PST

Denizens of the Midwest and the South, take heed: tech bros in zip-up hoodies may be at their standing desks, searching for their perfect startup office in your city right now. Affordability, less competitive markets for talent, and liveability all make metros like Kansas City, Oklahoma City, and St. Louis ripe for tech industry growth, a new study from Zillow suggests. The study measured those and other factors that could appeal to startups and growing

Harry Potter-themed store probably won’t get its dragon

Posted: 12 Jan 2020 05:00 AM PST

Dragons, magic wands, and whimsy are rare topics for discussion at New York City community board meetings, but they were this month. After a Tuesday night debate, Manhattan Community Board 5’s landmark committee voted against a proposal to build an elaborate Harry Potter-themed retail store — that includes a fiberglass dragon — on Broadway in the Flatiron District, according to the New York Post. The proposal came from Warner Bros. Entertainment, which wants to add

Good luck buying an affordable home in these US cities

Posted: 11 Jan 2020 11:00 AM PST

In the market for an affordable home or a house on the West Coast? Good luck, there aren’t many out there. There were fewer homes for sale across the country in December than there has been in three years, according to a National Association of Realtors count cited by Mansion Global. Overall supply across the U.S. fell 12 percent year-over-year last month and drops were recorded in every price segment. The report found the dearth

Unholy real estate strategy: Catholic churches shuffle properties to shield billions from sex abuse victims, report says

Posted: 11 Jan 2020 09:00 AM PST

Catholic church dioceses across the country are moving around their real estate portfolios and using Chapter 11 bankruptcy to protect assets in sex abuse lawsuits. Over the last decade and a half, the U.S. Catholic Church has shielded more than $2 billion worth of assets from people who were abused by clergy, according to a Bloomberg Businessweek report. In some cases, that has significantly reduced the amount of money available to compensate those victims. More