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Realogy shares surge above initial price
Shares for residential brokerage company Realogy broke through the initial asking price of $27 a share and remained higher all day, closing at $34.45 per share. This was the first day of trading on the...
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Rabbi Pinto, spiritual leader to real estate VIPs, arrested, interrogated for...
Rabbi Yishayahu Yosef Pinto — a spiritual leader with well-established ties to New York’s real estate community — was arrested Thursday in Israel, and is being investigated for money laundering and...
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Top stories
The top stories yesterday on The Real Deal: 1. In tight rental market, incentives plummet 2. Construction to restart at 56 Leonard 3. Who can afford Manhattan? Those who already live and work there...
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City relists scammer’s Park Ave. duplex for $19.5M, speeding up the schlep to...
A rendering of Oxford Place in downtown Toronto City relists scam artist's770 Park Avenue duplex for $19.5 million. Could a bubble be brewing in Miami's luxury real estate market? Oxford Properties to...
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Google comes to Chelsea Market: VIDEO
Chelsea MarketGoogle already has its own building at 111 Eighth Avenue that it bought for $1.9 billion, but now the tech giant is set to lease approximately 94,000 square feet at Chelsea Market,...
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Mike Wallace’s 730 Park Avenue home lists for $20M
A prewar duplex at 730 Park Avenue, formerly owned by the late “60 Minutes” correspondent Mike Wallace, has hit the market asking $20 million, the New York Times reported. Wallace died in June at the...
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With private capital, Westchester’s Playland could see $34M overhaul
America’s only Art Deco amusement park, Playland in Rye, N.Y., could see $34 million in capital improvements via a private capital, according to the New York Daily News. The Westchester County–owned...
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Harlem swath sees obstacles to development
As swaths of Harlem have gentrified through the years, real estate investors were banking that the commercial area around 126th Street and Park Avenue would do the same. But the area has proven...
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This month in real estate history
From the October issue: 1987: Legendary NYC investor Sol Goldman dies Legendary New York City real estate investor Sol Goldman — who amassed a property fortune estimated to be worth $1 billion — died...
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Neighbors fear Tory Burch’s Southampton sale could devalue nearby homes
Since clothing designer Tory Burch sold her Meadow Lane mansion at a loss this fall, some of her Southampton neighbors have worried that the $11 million sales price would lower the value of their own...
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Revival of second mortgages seen as a housing market bellwether
If you have a pressing need to raise some cash, here’s some good news: Rising home values are encouraging lenders to revive a product that imploded during the housing bust years — second mortgages....
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After another price cut, Tribeca “Marblehous” listed for $15.8M
The “Marblehous” inside 60 Collister Street in Tribeca has undergone another price cut, Curbed reported. The ask is now $15.75 million — down from its initial $24.5 million ask. As previously reported,...
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Greenpoint’s Lofts 305 hits market, asking $25M
Lofts 305, a condominium-turned-rental property located at 305 McGuiness Boulevard in Greenpoint is on the market, the New York Observer reported. Marcus & Millichap’s Matthew Fotis, Shaun Riney...
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Shiller: Bernanke doesn’t have the power to right the housing market: VIDEO
Robert SchillerYale economist Robert Shiller, of the S&P/Case-Shiller Home Price Indices report told CNBC that Fed Chairman Ben Bernanke doesn't have the power to fix the housing market. Another...
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Calling Mr. Carson: Uber-wealthy turn to estate managers to oversee mansion...
Big houses incur big costs — and require a huge staff; and someone to manage that staff. Across the U.S., there are about 1,000 estate managers keeping the many houses — city, beach and country — of...
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Mayor: If city taxes rise, wealthy will flee
Mayor Michael Bloomberg warned today that many of New York’s wealthy residents will leave the city if taxes are raised under his successor. As a result, the city would see decreased tax revenue,...
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New York City residents are increasingly buying property in Europe
From the October issue: The euro may be muddling its way through an existential crisis, but there’s still real estate to be had across the continent — and buyers, including New Yorkers, looking to...
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Kevin Bacon the NIMBY, Equity One buys five NYC properties for more than...
230 West 56th Street #66A, which Curbed speculates Jeter could be eyeing Kevin Bacon among detractors of proposed UWS building developed by Miki Naftali. REIT Equity One nabs five NYC properties for a...
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Arrest is latest legal entanglement for Rabbi Pinto
Lawyers for Rabbi Yoshiyahu Yosef Pinto are denying allegations against him following the arrest of the spiritual leader in Israel on Thursday. Pinto and his wife were arrested on suspicion of...
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