The Real Deal

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Wednesday’s storm has reignited a debate over whether the city should legalize basement apartments: bit.ly/3kPSdEl
.@HomeLightApp looks to scale financial products, expand in new markets with latest fundraising round. bit.ly/3zEIoPT
Remnants of Hurricane Ida that flooded parts of New York were no match for these $16M weather-proof townhouses bit.ly/3n1OE0s
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 bit.ly/3yOFAyA
Donald Trump has at least one reliable tenant at Trump Tower in New York City: the Make America Great Again PAC. bit.ly/3gZI6vH
Art dealer Asher Edelman allegedly owes nearly $500K in back rent to the gov’t of Uganda bit.ly/3zJRbjC
It’s still a sellers’ market, but things are starting to look up for desperate buyers as the housing market normalizes. bit.ly/3DOn794
Supermodel Maria Kimberly’s Southampton estate will be up for sale at a no-reserve auction September 21. bit.ly/3ByVtL6
If you want to find an affordable mortgage in a major metro area, head to Pittsburgh, not California. bit.ly/3tq3csh
The River North project would add 750 apartments to Staten Island, but isn’t without its detractors. bit.ly/38DgdF3
It’s been a great year for eXp, and this top executive Randall Miles is cashing in. bit.ly/3zUnxbD
NYC’s 10 biggest building filings are dominated by multifamily projects bit.ly/3jF4D2L
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. bit.ly/3gYjBPl
Downtown Brooklyn international school alleges Chera family lawsuit results in sudden closure bit.ly/38z32VR
Joshua Kushner is keeping it in the family, in contract to buy at Puck Penthouses, developed by Kushner Cos. bit.ly/3jL0sT7
A 200,000-square-foot tower is coming to Downtown Brooklyn bit.ly/3DHxk7a
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. bit.ly/2V8QjWy
Retail investors returned to the single-family rental market more quickly than institutions in the wake of the pandemic, @Roofstock CEO says bit.ly/3t8wr2m
No mo’ demo: activists halt developer’s plans for Brooklyn assemblage bit.ly/3kUwrQ6
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. bit.ly/3gX4XrT
The federal eviction moratorium is no more, but the New York Legislature extended its just-expired state moratorium through January 15. bit.ly/3gWH1on
Brooklyn is benefiting from Manhattan’s losses during the pandemic with real estate prices on the rise. bit.ly/38CFzmG
Department stores are dying across the country, but the buildings that house them are staying alive through unique means. bit.ly/3gUx8Ye
A triplex next to Central Park was sold for $60 million, the biggest co-op sale in Manhattan in six years. bit.ly/3yIDHDk
Single-family home inventory has dropped 42% in the borough while prices jumped 11% year-over-year: @Serhant_ report bit.ly/3t7BAHU
Here are the top new loans issued in Manhattan during July of this year bit.ly/3mZVVOF
.@galeabrewer says she won’t support the 250 Water Street project until $50 million is secured for the Seaport Museum. bit.ly/2WJ5C8S
While residential projects boosted construction spending, the resurgence of Covid-19 could ruin that. bit.ly/3gVJgZb
.@DailyPay signs 137,000 sf sublease in the Financial District, tripling its office space in Downtown Manhattan. bit.ly/3yClYxh
Communities to the south and southeast of Lake Tahoe’s shores are under mandatory evacuation as the massive Caldor Fire creeps northwest. bit.ly/3BMAO6D
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. bit.ly/38x98WB
Manhattan’s average office asking rent slid to $72.68 in August bit.ly/3zDsJQW
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. bit.ly/3jBuFnn
.@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. bit.ly/2V7jc5F
Hurricane Ida threatens $7B of CMBS in Gulf Coast states bit.ly/2V9KQPs
The Biden administration’s potential moves are designed to improve both construction and financing for homes and rental properties. bit.ly/2WM4OR5
The developer is asking more than $3,000 per square foot for its top units at 30 Front Street per @marketproofnyc analysis bit.ly/3zFV5Kg
Cove Property Group is looking for a buyer who believes the NYC office market will come back bit.ly/3DE3znJ
Hudson Companies has picked up 975 Nostrand Avenue for $41 million and plans to keep the Associated supermarket there. bit.ly/2YbHufP
The deal is part of HomeServices’ “accelerated expansion” in the northeast and marks the company’s second franchise buy this year bit.ly/3jxFF52
This 14,000-sf mansion with a six-car garage, 1,000-sf pool and copious other amenities sold for $7.2 million. bit.ly/2WIJoUl
The addressable smart home market in the U.S. alone is “so massive it’s staggering,” @SmartRentdotcom CEO says. bit.ly/3t6TA5h
New Jersey landlords will have access to new financing tool bit.ly/3yBZXia
Catch @trdny’s award-winning newsletter the Daily Dirt in your inbox by signing up today bit.ly/3DygJCC
Late registration: Kanye’s request to move original childhood home to Soldier Field for ‘Donda’ show denied by city over lack of permits. bit.ly/2V3ytUV
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. bit.ly/3t2HHNH
Mixed-use building to rise at former Redsky site in Greenpoint now owned by @Lendlease bit.ly/2WHxD0P
🔎🔎 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 fo@trdsocalaltherealdeal.com/la/2021/08/31/…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. bit.ly/2V8yUNW
In a special meeting on Tuesday, Monmouth shareholders rejected Equity Commonwealth’s acquisition attempt. bit.ly/3kEYR03
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