NYC Real Estate News

This restored, three-bedroom villa on the coast of the Italian island of Sardinia is on the market for $2.2 million.

Photo courtesy of Lord & Taylor The biggest news to surface in the turbulent waters of the WeWork saga may be the multibillion-dollar bailout and takeover by Japanese company SoftBank following a failed IPO and a company valuation that skidded from a reported $48 billion to $8 billion in a matter of months. And as part of a scramble for cash, the office space sublease and coworking disruptor has been expected to divest of the Lord & Taylor building at 424 Fifth Avenue; WeWork purchased the high-profile property–the former home of the department store’s flagship location–with partners Rhone Capital and Hudson’s Bay for $850 million earlier […]

A 19th-century house with a boat slip in Wilmington, a 1914 Tudor Revival in Chicago and a minimalist home near downtown Seattle.

Every day, The Real Deal rounds up New York’s biggest real estate news. We update this page in real time, starting at 9 a.m. Please send any tips or deals to [email protected] CoStar reached a $10.75 million settlement with what’s left of Xceligent. The Bethesda-based real estate data giant had alleged its competitor stole thousands of images and proprietary information from its commercial listings platform. The agreement comes two years after Xceligent filed for chapter 7

The post CoStar settles copyright lawsuit, Sam Chang snaps up Midtown hotel site: Daily digest appeared first on The Real Deal New York.

A 19th-century house with a boat slip in Wilmington, N.C.; a 1914 Tudor Revival in Chicago; and a minimalist home near downtown Seattle.

Blueground and its new investors are banking on fast growth and a “recession resistant” model. The luxury-rental company announced its Series B funding round raised $50 million in equity financing. The round was led by Airbnb investor Laurence Tosi’s investment firm Westcap Group and Europe-based Prime Ventures. It brings Blueground’s total equity funding to $78 million. CEO Alex Chatzieleftheriou said the cash infusion will allow the company to expand to London, Paris and Seattle before

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Triplemint is expanding its footprint for the first time. The brokerage officially merged with Hoboken-based Court Street Property Group in July. While Triplemint CEO David Walker declined to disclose details of the deal, he said they would be “investing heavily” in the Hudson County market. The venture-backed brokerage, which has raised more than $17.7 million to date, develops operational technology systems in-house. One of its top brokers, Tyler Whitman, is also co-starring on the Bravo

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Construction has topped out at 45 Park Place as the glass curtain wall is continuing to make its way up the 43-story Tribeca superstructure. The cocoon netting has been fully removed revealing the skeleton frame of the stepped crown, which will eventually be covered with glass as well. The 667-foot-tall residential skyscraper is being developed by Sharif el-Gamal of Soho Properties and is designed by SOMA Architects with Ismael Leyva Architects serving as the executive and residential architect. Sales of the units, which feature interiors designed by Piero Lissoni, are being handled by Corcoran Sunshine.