The Real Deal - New York Real Estate News

Fintech firm may sign biggest lease in San Fran of pandemic

Posted: 16 May 2021 01:00 PM PDT

Financial technology firm Chime is in talks to sign the biggest office lease in San Francisco since the start of the pandemic. The company is nearing a deal for about 200,000 square feet at Hines’ 101 California Street in the Financial District, according to the San Francisco Business Times. The lease is for part of the 48-story building’s smaller podium section. It’s not clear whether Chime would leave its nearby headquarters at 77 Maiden Lane

Futurists aim to build semi-autonomous city without “dumb regulations”

Posted: 16 May 2021 11:00 AM PDT

A company with funding from a Peter Thiel–backed venture capital fund wants folks to pack up and start a semi-autonomous city. Bluebook Cities is looking for 2,000 people — selected based upon applications — to “settle” its charter city, according to the New York Post. The company said it is “building the city that Silicon Valley deserves.” The concept of the charter city was conceived by Nobel Prize–winning economist Paul Romer, who used Hong Kong

Harlem townhouse of “The Royal Tenenbaums” fame now $20K rental

Posted: 16 May 2021 09:00 AM PDT

The massive Manhattan mansion seen in Wes Anderson’s 2001 film “The Royal Tenenbaums” is now available to rent. But you’ll need the financials of a Tenenbaum to afford it; the 6,000-square-foot home is asking $20,000 a month, according to Curbed. Anderson rented the circa-1899 home at 339 Convent Avenue for six months to shoot the Oscar-nominated film, and both the exteriors and interiors appear in the movie. The director used rooms in the home’s distinctive

Hong Kong sells Causeway Bay site for $2.5B

Posted: 15 May 2021 11:00 AM PDT

The Hong Kong government auctioned a parcel of land in Causeway Bay this week for the first time since 1997, and it sold for much more than expected. Hysan Development Co. and Chinachem Group paid the equivalent of $2.5 billion for the 159,330-square-foot property, according to Bloomberg. Midland IC&I most recently valued the property on Caroline Hill Road at around $1.9 billion. The land would yield about 1.1 million square feet of buildable space. The

Another massive property outside LA lists for $75M

Posted: 15 May 2021 09:00 AM PDT

A 3,200-acre expanse in the hills of Santa Barbara County is hitting the market for $75 million. The property comes shovel-ready with plans for an 8,000-square-foot mansion designed by prolific Southern California architect Paul McLean, according to the Wall Street Journal. It also has permits for guest houses. It’s the second property of its kind to list in the area this week. The first was the 3,600-acre Black Mountain Ranch in nearby Ojai, home to

Lachlan Murdoch pays $30M for half-acre Sydney Harbor boat house

Posted: 15 May 2021 06:00 AM PDT

Lachlan Murdoch, the son of billionaire media mogul Rupert Murdoch, has purchased a small home on Sydney Harbor for around $29.8 million. The Piper Point property’s value is largely because it has 131 feet of frontage on unusually deep water, according to the Los Angeles Times. That means it can accommodate large yachts. The property has two docks and four moorings for that purpose, making it one of the area’s largest privately owned marina facilities