The Real Deal - New York Real Estate News

JLL explores sale of China property management wing

Posted: 10 Apr 2021 01:00 PM PDT

JLL is considering offloading one of its global businesses. The Chicago-based firm is exploring a sale of its China property management business, which is estimated to be worth at least $500 million, Bloomberg News reported. JLL is working with an advisor on the potential sale, which would not include its brokerage or valuation business in the country. The potential sale has drawn some interest from other property management firms and investors, according to the report.

Demand for rentals rises in UK’s largest cities in Q1

Posted: 10 Apr 2021 11:00 AM PDT

Demand is rising for apartments in the United Kingdom’s largest cities following a slow fourth quarter that capped off a coronavirus-weakened year for the rental market. A Barrows and Forrester report comparing rented units to total listings found that 37.6 percent of rentals listed in the first quarter leased, according to Mansion Global. That’s a 10.4 percent increase over the fourth quarter of 2021. The firm’s managing director James Forrester said in the report that

Arkansas’ priciest home lists near Fayetteville football stadium

Posted: 10 Apr 2021 06:00 AM PDT

Football fanatics — specifically, those who are dedicated to the University of Arkansas Razorbacks (go Hogs!) — may want to take a look at the state’s priciest home. The compound at 400-410 North Oliver Road sits directly across the street from the team’s home stadium, Donald W. Reynolds Razorback Stadium and is listed for $12 million, making it the priciest property currently listed for sale in the state, according to Dirt. The current owners bought

Foreclosure on Phil Falcone’s homes can move forward

Posted: 09 Apr 2021 06:25 PM PDT

Philip Falcone is at the end of the road in a battle to sell two of his pricey homes his way. A New York State Supreme Court judge dismissed the embattled financier’s request for a temporary restraining order to block Melody Capital’s UCC foreclosure on his Upper East Side townhouse and Hamptons mansion, according to a ruling filed Friday. Now, the auction can move forward as scheduled on April 13. Falcone, who founded the hedge