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  • The Bezos bump: Amazon deal pushes Realogy stock and market cap up by 19% July 23, 2019
    Hey Alexa, can you say bull market? Amazon and Realogy’s new partnership sent the real estate giant’s stock price and market cap soaring on Tuesday — but some analysts warn that it may be short lived. After the program, dubbed TurnKey, was announced early Tuesday morning Realogy’s stock prices soared 31 percent in premarket trading. […]
  • Proptech exec Ari Teman arrested on bank fraud charges July 23, 2019
    Proptech entrepreneur Ari Teman is facing Federal bank fraud charges after he was arrested earlier this month for allegedly cashing hundreds of thousands of dollars of counterfeit checks from companies that had worked with his virtual doorman business. Teman – creator of the GateGuard virtual doorman and SubletSpy, a company that helps landlords search for […]
  • Everything you need to know about Realogy and Amazon’s TurnKey partnership July 23, 2019
    Realogy has jumped into bed with Amazon to roll out a new program it hopes will simplify homebuying — and it’s paying for the privilege. The company on Tuesday unveiled “TurnKey,” a program that offers homebuyers support in finding a new home using Realogy-affiliated brokers, and provides incentives in the form of up to $5,000 […]
  • Robert Futterman charged with DUI in Hamptons car crash July 23, 2019
    Robert Futterman, the former head of retail brokerage RKF, was arrested for allegedly driving under the influence on Tuesday in connection with a crash that seriously injured a mother and young child. The crash occurred in Bridgehampton, where Futterman appeared to have T-boned a Nissan Maxima with his Ford F-150, according to the East Hampton […]
  • TRD’s daily digest: Everything NYC real estate needs to know today July 23, 2019
    Every day, The Real Deal rounds up New York’s biggest real estate news. We update this page at 9 a.m., 12 p.m., and 4 p.m. ET. Please send any tips or deals to tips@therealdeal.com This page was last updated at 12 p.m. The Trump administration’s new EB-5 rules have the industry biting their nails. The Department […]
  • Big changes are coming to the EB-5 program July 23, 2019
    The Trump administration released new rules governing the EB-5 cash-for-visas program. And many in the real estate industry believe the changes will tighten the spigot on a source of cheap capital that’s partly fueled the post-recession development boom. The Department of Homeland Security on Tuesday released much-anticipated new rules that raise the minimum an investor […]
  • US home sales slide again in June as prices hit all-time high July 23, 2019
    U.S. existing home sales posted a 16th straight month of year-over-year declines in June, but there was at least one nugget of good news for sellers. Those who are able to sell their homes are getting more for them, as the median nationwide sale price reached an all-time high, according to a new National Association […]
  • What the real estate industry should watch for in the Robert Mueller hearings July 23, 2019
    Former special counsel Robert Mueller will testify in back-to-back hearings before Congress on Wednesday to discuss the 400-plus page report that has elicited calls for impeachment from some Democrats and declarations of victory from President Trump and his supporters. Though it’s unlikely that much new information will be revealed— the Justice Department reportedly instructed Mueller […]
  • At the desk of: Meredith Marshall July 23, 2019
    When Meredith Marshall and his family moved to Flatbush in the 1960s, all the white families moved out. Within 10 years, the neighborhood was 90 percent black, he recalled. “Neighborhood busting, as they call it,” he said. “First black family moves in, prices go down, all the white families move out.  The brokers make money […]
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