The Real Deal - New York Real Estate News

Rolling Stones guitarist Ronnie Wood lists colorful London townhouse

Posted: 25 Oct 2020 11:00 AM PDT

Rolling Stones guitarist Ronnie Wood is looking to part ways with a London townhouse he bought a decade ago. The 73-year-old musician listed the five-story home on Holland Road in the Notting Hill neighborhood for £3.85 million, or around $5 million, Mansion Global reported. Wood and his wife Sally Humphreys paid £2.35 million for the 4,100-square-foot home in 2011, the equivalent of about $3.1 million today. They moved out of the home in 2017, and

Montana’s real estate market shows no signs of cooling heading into winter

Posted: 25 Oct 2020 09:00 AM PDT

Montana’s winters are brutally cold, but its real estate market is as hot as it gets. Buyers from more dense parts of the country continue to flock to the state, with cash in hand and ready to pounce on properties after just a single showing — or sometimes without a showing at all, the Washington Post reported. The median sales price for a single-family home around the southwest city of Bozeman, an area popular with

Brookfield’s $2B India office buy would be biggest in country’s history

Posted: 25 Oct 2020 06:00 AM PDT

Brookfield Asset Management is set to close the biggest real estate deal in India’s history. The firm will pay RMZ Corp. $2 billion for a 12.5 million-square-foot office portfolio, according to Bloomberg. It includes properties in the southern cities of Bengaluru and Chennai. RMZ said the deal will leave it with zero debt and plans to use the proceeds from the sale to expand its portfolio. The firm wants to expand its real estate portfolio

“Your rent will be increased” if Biden wins, landlord allegedly tells tenants

Posted: 24 Oct 2020 01:00 PM PDT

The owner of a Colorado mobile home park allegedly told tenants their rent would likely double if Joe Biden is elected president. Residents of Fort Morgan shared the letter with local NBC affiliate KUSA questioning its legality, with some calling it an act of voter suppression. The Colorado Secretary of State’s office passed a complaint about the letter to the state’s Attorney General. The letter said that “everything will be increased,” if Biden becomes president

Covid pummeled shopping centers, but their parking lots are thriving

Posted: 24 Oct 2020 09:00 AM PDT

While many traditional streams of income for landlords have slowed or dried up due to the pandemic, one has proven to be a surprising earner: parking lots. Landlords of large parking lots and garages have been renting out those spaces for a variety of activities, including open-air retail, job fairs, polling stations and drive-through COVID-19 testing, the Wall Street Journal reported. Retailers like Walmart and Target are using their parking lots as makeshift distribution centers,

French buyers are gobbling up prime London real estate

Posted: 24 Oct 2020 06:00 AM PDT

French buyers are flocking to London for home purchases. In the first nine months of the year, 11 percent of overseas buyers in prime London neighborhoods were from France, Bloomberg News reported. Last year, French nationals made up just 2 percent of overseas buyers. The shift comes in part as the pandemic has complicated travel, and thus potential buyers’ ability to look in far-flung locales. The volatility of the British pound also makes London properties