The Real Deal - New York Real Estate News

Goldman Sachs spends $119M on Paris office, retail building

Posted: 01 Aug 2021 11:00 AM PDT

Goldman Sachs’ asset management wing is making a 100-million-euro bet on the Parisian retail and office market. The banking giant and its Belgium-based partner Immobel SA are buying an office and retail building in one of the city’s priciest neighborhoods for the equivalent of $119 million, Bloomberg reported. The six-story building at 277 Rue Saint-Honoré is just one block away from the Place de La Concorde in the 8th arrondissement, a chic neighborhood that also

Amazon’s “smart” way into apartment buildings is through the landlord

Posted: 01 Aug 2021 09:00 AM PDT

Amazon has secured smartphone access to thousands of apartment buildings across the country, in some cases breaking out gift cards to convince landlords. The company pitches its Key for Business service as a way to cut down on stolen packages, according to the Los Angeles Times. But the program has also raised privacy and security concerns. Amazon installs a device for free at the front door of a building, which allows drivers to unlock the

Home prices continue to soar in Phoenix

Posted: 01 Aug 2021 06:00 AM PDT

As far as U.S. cities go, Phoenix remains one of the cheaper places to buy a home, but it’s gaining on its peers. The median price for an existing home in the Phoenix area reached $399,900 in June, according to the Wall Street Journal. That’s 31.1 percent higher than in June 2020. The median is still more than $100,000 below the median existing home price in similar cities, such as San Francisco, Los Angeles, and