Main Header

Main Content

The Real Deal

RSS The Real Deal New York
  • They ran a brokerage, now they’re sourcing deals. Why Daun and Peter landed at ABS October 15, 2018
    When Daun Paris and Peter Hauspurg closed their company Eastern Consolidated this summer, some in the real estate industry figured they would decide to retire. Instead, they’re taking on a pair of new roles at ABS Partners Real Estate. “We weren’t focused on that. We weren’t,” Paris said, referring to retirement. “We weren’t interested in […]
  • These are the biggest real estate firms in New York City October 15, 2018
    When news broke this year that Jamestown Properties was selling the Chelsea Market building to Google for $2.4 billion, the story went viral. But behind the scenes, it was the attorneys, not the CEOs, who were hashing out the finer points of the monster deal. “When the numbers get up into the stratosphere, there’s a […]
  • Brooklyn could see a new resi record. But a lot can change before the deal closes. October 15, 2018
    A massive Brooklyn Heights penthouse is in contract for more than $20 million, a record-setting price for the borough. But don’t count on it being a bellwether for the broader luxury market in Kings County. The seven-bedroom combination of two penthouses atop the Quay Tower was asking $22.75 million and is reported to be in […]
  • Can architecture and mass texts enliven Palm Springs’ reputation as a sleepy retirement town? October 14, 2018
    Palm Springs’ efforts to attract younger people to the area and make it into a thriving tourist destination began nearly a decade ago with a mass text. In 2009, Palm Springs’ tourism bureau slid into the DMs of about 55,000 college students with a bold request: “Skip Cabo, come to Palm Springs.” It was the […]
  • No down-payment, no problem: BoA underwriting $10B in subprime mortgages October 14, 2018
    Bank of America is giving out $10 billion in mortgage commitments to borrowers with non-traditional backgrounds at a series of events across the country. The fixed-rate loans for 15- or 30-year terms carry an interest rate of about 4.5 percent and approved borrowers put no money down. The bank is partnered with Boston-based brokerage Neighborhood […]
  • Multifamily properties in Westchester are selling “like hotcakes” October 14, 2018
    Multifamily is the new single-family for those looking to buy in tony Westchester County. The assessment comes from Houlihan Lawrence broker Candace Evans, who said, in an interview with Bloomberg, multifamily properties in the county are “selling like hotcakes.” Evans’ observation is backed up by Miller Samuel and Douglas Elliman’s third quarter report, which shows […]
  • Why Hurricane Michael is a test for Florida’s odd property insurance market October 14, 2018
    Hurricane Michael’s damage to property in the Florida’s Panhandle region on Wednesday will provide a fresh test of the state’s unusual property insurance market. Florida is odd because such industry leaders as Allstate and State Farm play a much smaller role in protecting home owners than they do in other states. Small Florida property insurers […]
  • Warren Buffett’s Laguna Beach beach house sells for 32% less than asking price October 14, 2018
    Trust Warren Buffett to finagle a winning deal no matter what. When his six-bedroom beach house in Laguna Beach’s Emerald Bay finally sold, it was at a heavily discounted $7.5 million–almost a third lower than the price he initially listed it for, as the Wall Street Journal reported. However, the chairman of Berkshire Hathaway only […]
  • Morgan Stanley’s offices are getting a millennial makeover October 14, 2018
    Morgan Stanley is revamping its offices to bring techies and brokers closer — and to attract millennials. Over the next 15 months, roughly 1.2 million square feet of the bank’s office space will get a makeover, Bloomberg reported. The changes come as the bank builds up its focus on blockchain, automation and other technologies. The […]
  • San Fran’s ‘dirtiest block’ defies tech-fueled housing boom October 14, 2018
    The “dirtiest block” in San Francisco is only a short walk from the offices of multi-billion-dollar tech companies that have helped push the median price of a home in the city to over $1 million. The 300 block of Hyde Street, in the city’s Tenderloin neighborhood, received 2,227 complaints about street and sidewalk cleanliness in […]