NYC Real Estate News

Sat, 02/16/2019 - 17:00
New York politics sent one of the most valuable companies in the world packing this week. A survey of Amazon representatives, lawmakers, public officials, lobbyists and others involved in the negotiations between Amazon, New York City and the state by the New York Times pieced together the final days of the efforts to finalize a deal for its now-scuttled Long Island City campus. The resulting picture is a company overwhelmed by New York’s political arena. […]
Sat, 02/16/2019 - 15:00
In his quest to revolutionize travel, Elon Musk had big plans for New York City. Similarly to the tunnels under construction in Los Angeles, the Boring Company was exploring the potential of building such tunnels to transport passengers from Manhattan to John F. Kennedy International Airport, the Los Angeles Times reported. While public transportation already exists for travelers, the commute is often a dreary endeavor that often ends up lasting longer than an hour. New […]
Sat, 02/16/2019 - 14:00
The Austrian government has to pay five times more for Hitler’s birth home than it did two years ago, an Austrian district court has said. The new valuation of the property, 1.508 million euro or $1.7 million, was made “taking into account the particular feature that the main building was the birthplace of Adolf Hitler,” local media reported. The government had paid only about $350,000 for the property in December 2016, after it passed an […]
Sat, 02/16/2019 - 13:00
Wealthy jet-setters are increasingly trading vacation homes for pricey resort stays. In the winter version of “summering” abroad, luxury travelers, especially among retirees, are opting for long-term stays are resorts instead of being tied down to one property, Bloomberg reported. The setup offers an array for perks for guests — and can also be a big moneymaker for hotels with nightly rates start at $200 and can rise to $700. For example, Upper East Siders […]
Sat, 02/16/2019 - 12:00
Power couple Jennifer Lopez and Alex Rodriguez are Malibu’s latest celebrity residents. Singer-actress JLo and former Yankee shortstop A-Rod were the buyers behind the $6.6 million sale of actor Jeremy Piven’s Malibu beach house last month, according to Yolanda’s Little Black Book. The three-story, 4,400-square-foot home on Malibu Road has 50 feet of beachfront and a suite of high-end conveniences. They include a sauna, soaking tub, steam shower, and a screening room. The couple are […]
Sat, 02/16/2019 - 11:00
PGA Golfer Luke Donald and his wife, Diane, sold their 11,000-square-foot north suburban mansion. The one-time PGA Player of the Year and graduate of Northwestern University sold the six-bedroom at 8 South Bristol Road for $3.9 million, according to the Chicago Tribune. The couple bought the home in 2008 for $3.7 million, and first listed it in July for $4.5 million. Lindy Goss of Baird & Warner had the listing. The buyer was not identified. […]
Sat, 02/16/2019 - 10:00
UPDATED on Feb. 14, 2019, at 11:12 p.m.:  A sweeping 3,500-acre coastal ranch outside Santa Barbara with two mansions and a working farm is on the market for $110 million. El Rancho Tajiguas, a working ranch that hugs the Pacific Coast between Santa Barbara and Point Concepcion, is hitting the market for the first time since owner Mansour Ojjeh, a French-Saudi businessman, purchased the spread almost four decades ago, according to the Wall Street Journal. […]
Sat, 02/16/2019 - 09:00
A massive $1-billion development designed by Frank Gehry is finally coming to Downtown Los Angeles. Construction of  The Grand, a mixed-use project with 39 stories and more than 400 condos and apartments, is underway after 15 years of planning and more than a decade of anticipation. Developers Related Companies and CORE USA expect the two towers to be complete by the fall of 2021, the Commercial Observer reported. The development adds a 20-story Equinox hotel […]
Sat, 02/16/2019 - 08:00
The story of Amazon's selection of Long Island City for the company's second headquarters stoked the hopes and dreams of many New Yorkers living within the Five Boroughs, with the company's promise to bring up to 40,000 new jobs averaging $100,000 per year to Queens, by 2033. Unfortunately, due to the actions of a few elected Democrats, these hopes and dreams have now been squashed, as Amazon has now pulled out of Long Island City. Despite petitions and basic organizing advocating for the new HQ2, the combined Twitter presence of a rabid horde of regressive leftists led by Alexandria Ocasio-Cortez generated sufficient outrage for cancellation.
Sat, 02/16/2019 - 07:30
606 Broadway, on the corner of Houston Street, is nearly complete. The narrow, triangular-shaped building is composed of a steel structure rising six stories above SoHo. It is being designed by S9 Architects and developed by Madison Capital Realty. When finished, 606 Broadway will have 34,300 square feet of interior space with 22,500 square feet allocated for future office space.