The Real Deal - New York Real Estate News

Phase out of flood insurance subsidies could upend coastal real estate markets

Posted: 26 Sep 2021 11:00 AM PDT

It’s no secret that Americans are willing to pay a premium for property on the beach. They could soon be paying hefty insurance premiums to live there as well. “The Holy Grail”: Why Hamptonites pay such a premium for waterfront homes Starting Oct. 1, the federal government plans to start gradually reducing subsidies for its flood insurance programs, pushing up rates for homeowners, according to the New York Times. For the first time, the government

Mies van der Rohe, famed architect, designed this home for a fraternity

Posted: 26 Sep 2021 09:00 AM PDT

Work is nearly complete on a 10,000-square-foot building on the Indiana University campus, from what had been a long-shelved design by famed architect Ludwig Mies van der Rohe. Blueprints date to the early 1950s, but it wasn’t until 2013 that then-university president Michael McRobbie heard about the design and pursued the construction, according to the Wall Street Journal. Mies designed the boxy building as the new home of the Alpha Theta chapter of the Phi

On top: Killers’ Dave Keuning pays $10M for Hollywood Hills home

Posted: 26 Sep 2021 06:00 AM PDT

The Killers’ lead guitarist and co-founder Dave Keuning is on top, as one of the band’s songs goes, after paying $9.6 million for a Hollywood Hills mansion. Grindr founder Joel Simkhai sold the 8,400-square-foot property at 7100 La Presa Drive, according to Dirt. The deal wasn’t a perfect match for Simkhai, who bought the home in 2017 for $10.5 million. He listed it last year for just under $10 million. Simkhai owns another Hollywood Hills