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  • Home-flipping startup OfferPad ends partnership with Zillow April 23, 2018
    OfferPad, a home-flipping startup, has severed ties with Zillow after the online listings giant announced it would begin buying houses and reselling them — the exact service offered by OfferPad. Offerpad was one of the first companies to partner with Zillow when it piloted the Instant Offers program last May in Las Vegas and Orlando. […]
  • Long Island Cheat Sheet: Farmingdale firm caught up in $165M construction bribery scheme … & more April 23, 2018
    Farmingdale firm caught up in $165M construction bribery scheme, Manhattan DA says Long Island-based Haider Engineering was improperly awarded $12.8 million in city contracts after getting advanced notice of RFPs, according to the Manhattan District Attorney’s office. A representative for the company denied any wrongdoing. Prosecutors said that Ifeanyi “Manny” Madu of the Department of Environmental […]
  • Here’s what the $10M-$20M investment sales market looked like last week April 23, 2018
    1.) The Jackson Group bought a commercial condo at 424-426 Broadway in Soho for $11 million. The seller is the Shih family, which has owned the unit since the 1980s. The Jackson Group, headed by Ike and Elliot Chehebar, recently sold the Church of the Redeemer site at 561 Pacific Street for $36 million . […]
  • Chetrit lands $83M loan to refi DoBro hotel, rental property April 23, 2018
    The Chetrit Group has received an $82.5 million loan for refinancing its Downtown Brooklyn residential-and-hotel property at 85 Flatbush Avenue Extension. Mack Real Estate Credit Strategies provided Chetrit with the mortgage, which is backed by a building is home to the Tillary Hotel and luxury rental apartments, according to the Commercial Observer. The loan is […]
  • New York City is still segregated 50 years after Fair Housing Act April 23, 2018
    Fifty years after the passage of the Fair Housing Act, the city’s housing stock remains segregated. And according to an analysis by Politico, Mayor Bill de Blasio’s policies aren’t helping to change that. Of the 86,324 new and preserved housing units financed by the city in the mayor’s first term, about three-quarters are in neighborhoods […]
  • Phipps Houses teams up with Forest Hills co-op to build trio of new buildings April 23, 2018
    Phipps Houses, one of the city’s largest nonprofit housing developers, filed plans for a trio of new buildings on land in Queens occupied by a co-op that just left NYCHA. One building would span about 200,000 square feet, stand 17 stories tall and contain 183 residential units, while the other would span about 132,000 square […]
  • Probing paychecks: A look at how much LA’s real estate pros are getting paid April 23, 2018
    Like most reality shows, Bravo’s “Million Dollar Listing Los Angeles” tends to airbrush a less glamorous reality. By showcasing the schmoozing over lunches, Rolls-Royces and fancy open-house cocktails, the show paints a very posh picture of what working in real estate is like — and gives the perception that most people in the industry operate […]
  • Existing home sales rose in US for second consecutive month April 23, 2018
    Resales in the U.S. increased in March, the second consecutive month of positive growth. Sales of existing homes increased by 1.1 percent last month to hit a seasonally annual rate of 5.6 million, according to the Wall Street Journal. Last year, sales in March dropped by 1.2 percent. Home sales dropped in December and January […]
  • Here are the week’s top luxury sales April 23, 2018
    Each week, The Real Deal and CityRealty look back at Manhattan’s priciest apartment sales.
  • Brookfield to incubate new retail ideas with Bleecker Street portfolio April 23, 2018
    Brookfield Property Partners is planning on conducting something of a retail experiment with the portfolio of properties on Bleecker Street it bought from New York REIT for $31.5 million. The global investor plans to create an incubator for emerging online brands or new retail concepts to get a feel for the market and try out […]