The Real Deal - New York Real Estate News

Former military fortress off English coast blasts onto market

Posted: 01 Nov 2020 11:00 AM PST

Social distancing at this secluded property won’t be too difficult. A former military fortress in England is hitting the market for just over $5 million, according to the New York Times. Known as Spitbank Fort, it was built half a mile off the coast of Portsmouth during the mid-to-late 19th century to guard against French ships. It was decommissioned in 1950 and has been used for a variety of purposes, including a museum, nightclub, and

Boeing looks to offload 30% of its real estate

Posted: 01 Nov 2020 09:00 AM PST

Boeing may reduce its real estate footprint by as much as 30 percent because of the pandemic. The Chicago-based company announced on Wednesday it is exploring its options for selling some of the real estate it owns around the country, the Puget Sound Business Journal reported. “We’re reviewing every piece of real estate,” CFO Greg Smith said. “Every building, every lease, every warehouse, every site to see how we can be more efficient.” Smith said

James Dyson sells Singapore’s highest residence at a loss

Posted: 01 Nov 2020 06:00 AM PST

James Dyson is taking a $7 million loss on a Singapore’s highest penthouse. Britain’s richest person is selling the 21,000-square-foot penthouse at the 64-story Guoco Tower to Indonesian billionaire Leo Koguan for $47 million, according to Business Insider. He bought it last year for $54 million. Dyson’s eponymous company — best known for its vacuum cleaners — moved its headquarters to the Southeast Asian country last year. It was there where the company planned to