The Real Deal - New York Real Estate News

The Shanghai mansion, listed for about $24 million, has an interesting backstory. The 8,600-square-foot house was built for a hat maker and his six wives until the Cultural Revolution began and Mao’s Red Guards kicked them out. The Red Guards turned it into a museum to mock the wealthy in 1966 and named it the Crystal Palace, according to the Wall Street Journal. Built in 1949, the house is one of a few old homes still […]

The Bureau of Overseas Building Operations, the State Department division in charge of the constructing and designing American embassies abroad, seems to be readying itself to award some new contracts. The bureau solicited submissions from more than 130 architecture firms and recently released the shortlist of 26 selected firms who will now advance to the second stage of the contract process, which involves assembling a technical team and an interview. According to the Architect’s Newspaper, […]

Before it fades away completely, let’s remember the highs and lows of summer 2017, where the total value of all New York City sales listings for July and August came to $78.8 billion. Based on data compiled for July and August by StreetEasy, these are the listings New Yorkers could not get enough of. The most expensive listing $43.95 million four bedroom Midtown condo This 6,500-square-foot condo with its private elevator and Peruvian gold wall […]

Just hours after the boom separated from the crane tower and struck Property Markets Group’s 300 Biscayne Avenue, another crane collapsed in downtown Miami, this time at the Related Group’s GranParaiso condominium tower. Multiple news stations reported Sunday afternoon that a tower crane at Related’s 10-acre megadevelopment in Edgewater snapped amid Hurricane Irma’s howling winds and is dangling beside the apartment tower at 480 Northeast 31st Street. BREAKING NEWS: 2nd crane collapses in Miami this […]

A new report by Cluttons projects Dubai property values to show their first growth in three years in 2018, thanks largely to the “Expo 2020 effect” and the United Arab Emirates’ new tax system. Expo 2020, the upcoming World Fair showcasing art and culture will be held in Dubai between November 2020 and May 2021, is projected to bring in 25 million tourists, according to the Wall Street Journal. Expo 2020 will mark the first […]

From the South Florida website: BREAKING: A construction #crane in Downtown #Miami has snapped in half (: @e_a_rodriguez1222) #hurricane #hurricaneirma #storm #crane #miami A post shared by The Real Deal South Florida (@trdsofla) on Sep 10, 2017 at 8:27am PDT The nightmare is happening. High winds from Hurricane Irma caused the tower crane at Property Market Group’s under-construction “Vice” apartment tower to snap in half and crash into the building. According to the Miami Herald, […]

New York City is infinitely less cool when you’re a parent. That open-concept walk-up studio is a lot less appealing when you’re raising a little person and dealing with stairs, shouty neighbors and dirty parks. StreetEasy feels you, parents. Using listings data for two or more bedroom rentals, they created a list of the 10 best New York neighborhoods to raise a family in. (Spoiler: Brooklyn dominates.) The criteria behind the rankings: be surrounded by […]

As Sydney property values skyrocket and the state government kicks off a $22 billion urban renewal effort, residents in one affected neighborhood created a very public display of emotion. In the most populous Australian city, residents of Waterloo Estates lit up their apartment windows with colored lights that reflected their mood regarding the real estate redevelopment slated for their area, according to architecture site Dezeen. The highest towers in the complex, 60-story Matavai and Turanga […]

Excelsior is a small, often overlooked neighborhood in San Francisco. It’s named for the Latin translation of “ever upward” — appropriate given Excelsior’s sunny new outlook in the housing market. In 2017, real-estate site Redfin named Excelsior the second hottest neighborhood in San Francisco, based the ranking on increases in internet traffic to listings there. Excelsior homes typically sell in 19 days at 111% of the listing price. The median sales price was $890,000. I […]