The Real Deal

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Wednesday’s storm has reignited a debate over whether the city should legalize basement apartments:
.@HomeLightApp looks to scale financial products, expand in new markets with latest fundraising round.
Remnants of Hurricane Ida that flooded parts of New York were no match for these $16M weather-proof townhouses
After months of robust recovery, restaurants & bars let go more workers last month than they hired, retail’s slide accelerated, and the return to the office stalled
Donald Trump has at least one reliable tenant at Trump Tower in New York City: the Make America Great Again PAC.
Art dealer Asher Edelman allegedly owes nearly $500K in back rent to the gov’t of Uganda
It’s still a sellers’ market, but things are starting to look up for desperate buyers as the housing market normalizes.
Supermodel Maria Kimberly’s Southampton estate will be up for sale at a no-reserve auction September 21.
If you want to find an affordable mortgage in a major metro area, head to Pittsburgh, not California.
The River North project would add 750 apartments to Staten Island, but isn’t without its detractors.
It’s been a great year for eXp, and this top executive Randall Miles is cashing in.
NYC’s 10 biggest building filings are dominated by multifamily projects
Schenectady project will be the first to use Enterprise Community Partners’ Opportunity Zone Fund Evaluation Framework, which aims to assess an Opportunity Zone investment’s impact.
Downtown Brooklyn international school alleges Chera family lawsuit results in sudden closure
Joshua Kushner is keeping it in the family, in contract to buy at Puck Penthouses, developed by Kushner Cos.
A 200,000-square-foot tower is coming to Downtown Brooklyn
A new residential building could be coming to Chicago, near O’Hare Airport. The project is set to provide almost 300 new homes to the area.
Retail investors returned to the single-family rental market more quickly than institutions in the wake of the pandemic, @Roofstock CEO says
No mo’ demo: activists halt developer’s plans for Brooklyn assemblage
A half-vacant, third-stabilized Upper East Side portfolio sold for $61 million in June, signaling a fleeting opportunity to squeeze market-rate rents out of regulated units.
The federal eviction moratorium is no more, but the New York Legislature extended its just-expired state moratorium through January 15.
Brooklyn is benefiting from Manhattan’s losses during the pandemic with real estate prices on the rise.
Department stores are dying across the country, but the buildings that house them are staying alive through unique means.
A triplex next to Central Park was sold for $60 million, the biggest co-op sale in Manhattan in six years.
Single-family home inventory has dropped 42% in the borough while prices jumped 11% year-over-year: @Serhant_ report
Here are the top new loans issued in Manhattan during July of this year
.@galeabrewer says she won’t support the 250 Water Street project until $50 million is secured for the Seaport Museum.
While residential projects boosted construction spending, the resurgence of Covid-19 could ruin that.
.@DailyPay signs 137,000 sf sublease in the Financial District, tripling its office space in Downtown Manhattan.
Communities to the south and southeast of Lake Tahoe’s shores are under mandatory evacuation as the massive Caldor Fire creeps northwest.
An unlicensed mortgage broker diverted millions intended to pay off mortgages into his personal bank accounts by providing lenders with false wire information, the DOJ said.
Manhattan’s average office asking rent slid to $72.68 in August
A new eviction moratorium would let landlords contest a tenant’s hardship declaration in court. But the bill does not require tenants to prove hardship — a denial of due process that landlords say won’t hold up in court.
.@Walmart is making its third attempt at a delivery service in New York City, one of the few places in the U.S. where it doesn’t have a physical store.
Hurricane Ida threatens $7B of CMBS in Gulf Coast states
The Biden administration’s potential moves are designed to improve both construction and financing for homes and rental properties.
The developer is asking more than $3,000 per square foot for its top units at 30 Front Street per @marketproofnyc analysis
Cove Property Group is looking for a buyer who believes the NYC office market will come back
Hudson Companies has picked up 975 Nostrand Avenue for $41 million and plans to keep the Associated supermarket there.
The deal is part of HomeServices’ “accelerated expansion” in the northeast and marks the company’s second franchise buy this year
This 14,000-sf mansion with a six-car garage, 1,000-sf pool and copious other amenities sold for $7.2 million.
The addressable smart home market in the U.S. alone is “so massive it’s staggering,” @SmartRentdotcom CEO says.
New Jersey landlords will have access to new financing tool
Catch @trdny’s award-winning newsletter the Daily Dirt in your inbox by signing up today
Late registration: Kanye’s request to move original childhood home to Soldier Field for ‘Donda’ show denied by city over lack of permits.
Real estate stocks climbed higher in August despite the end of a national eviction moratorium and uncertainty over how the delta variant would affect retail spending and a return to the office.
Mixed-use building to rise at former Redsky site in Greenpoint now owned by @Lendlease
🔎🔎 NEW: see who in real estate is supporting Larry Elder in California's recall campaign to unsea@GavinNewsomom still nowhere near the $5 million that Newsom has received from real estate developers, brokers, etc. latest…yN
Retweeted by The Real Deal
.@GaiaRealEstate is betting on New York. The firm grabbed three East Village resi buildings for $50 million — 14 percent less than the previous sale price.
In a special meeting on Tuesday, Monmouth shareholders rejected Equity Commonwealth’s acquisition attempt.
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