The Real Deal - New York Real Estate News

San Francisco rent prices are falling

Posted: 13 Dec 2020 11:00 AM PST

San Francisco rent prices may still be too damn high, but they’re falling fast. The median rent for a studio apartment was down 35 percent to $2,100 in November year-over-year, according to Realtor.com data as cited by Bloommberg. One-bedroom units are down 27 percent over that period, to $2,716. The drop is significant even from earlier this year. The median rent for a studio in September was $2,285 — $185 more than last month. Studio

High in the sky: Europe’s tallest penthouse hits market

Posted: 13 Dec 2020 09:00 AM PST

The tallest penthouse in Europe has hit the market, and it’s so big the buyer may never need to leave. The three-level, 23,000-square-foot penthouse at Moscow’s Federation Tower has an asking price of $35 million, according to the New York Post. The unit stretches across the top three floors of the 97-story building at Federation Tower, which contrary to its name has two towers built on one podium. The penthouse’s most notable features are its

Life sciences deal is Washington state’s largest sale ever

Posted: 13 Dec 2020 06:00 AM PST

The largest sale ever recorded in Washington state has closed — and it’s for three life sciences buildings. The properties, located at 1201 Eastlake Avenue E, 1208 Eastlake Avenue E, and 199 East Blaine Street, together encompass 322,858 square feet of first-class office and laboratory space and are fully leased. Alexandria, represented by Newmark, sold the properties for a record-setting $450 million to Clarion Partners, which acquired a 70 percent interest. “This transaction marks the