The Real Deal - New York Real Estate News

What the Carolina Panthers’ record $2B sale means for local real estate

Posted: 20 May 2018 01:00 PM PDT

Billionaire David Tepper’s purchase of the Carolina Panthers is a record-breaking deal for the NFL, but the new ownership, which won’t be official until July, is already ruffling local feathers. The team’s previous owner, Jerry Richardson, had a deal with the city of Charlotte that the local government would contribute $75 million to renovating the Panthers’ stadium so long as the team stayed in the city past 2023, but now lawmakers are wondering whether Tepper […]

Lucky Dragon hotel and casino is searching for a buyer as its prepares for onslaught of guests

Posted: 20 May 2018 11:00 AM PDT

If you’re headed to RECon 2018, you can try to find a room at Lucky Dragon, but move fast because rooms are still selling out despite the hotel’s bankruptcy proceedings. Developer Andrew Fonfa is trying to sell the distressed boutique hotel and casino after filing for Chapter 11 bankruptcy in April, and claims to have found some interested investors from Asia. Until a deal is inked, restaurants and the casino floor in the property remain […]

Guess how much cash co-living startups have raised in the past year

Posted: 20 May 2018 08:30 AM PDT

Does $78 million surprise you? That’s what a handful of co-living and short-term rental startups between New York and San Francisco have raised in funding rounds over the past year, according to TechCrunch–and it’s not an exhaustive list. (For example, Common’s infusion of $40 million from a funding round, first reported by The Real Deal late last year, was not included.) It would likely surprise many people as co-living has been branded a dorm-style environment […]

Here’s how much the world’s billionaires park in real estate

Posted: 20 May 2018 08:15 AM PDT

Property investment ticked up last year among the global elite, according to a census of the ultra-wealthy. Of the world’s 7.6 billion people, 2,754 of them are billionaires who have cumulatively amassed $9.2 trillion worth of assets, according to Wealth-X’s annual census, and about 3 percent of that wealth is parked in real estate and other luxury goods. Last year, billionaires’ average wealth in real estate and other luxury assets only valued a total of […]

The number of women billionaires are growing faster than their male counterparts

Posted: 20 May 2018 08:00 AM PDT

Though men still make up the lion’s share of the global population of ultra-wealthy, an increasing number of women are joining their ranks. As of this year, 321 women responded to Wealth-X’s annual billionaire survey saying their holdings were over $1 billion–a 18 percent increased compared to the 2017 results. By comparison, the number of male billionaires increased by 14.5 percent, 0.4 percentage points lower than the 2017 survey. The total population of high-worth men […]

Global luxury market shows recovery from 2016

Posted: 20 May 2018 07:00 AM PDT

Luxury housing markets are rebounding and then some. According to Mansion Global, in Christie’s International Real Estate’s annual rankings luxury sales in 80 markets around the world increased by 11 percent in 2017, compared to a 1 percent increase in 2016–a year marred with political and economic uncertainty across the board, as Christie’s described it. New York, Hong Kong and London are still the all-mighty triumvirate of pricey urban real estate, however second-home markets’ prices […]

How Monaco deals with a housing shortage: build a $2.4B neighborhood in the sea

Posted: 20 May 2018 07:00 AM PDT

Right now, the foundations of Portier Cove are underwater, invisible except for the screens that have been erected to shield tourists from even the sight of construction and the sensors placed throughout the city to measure noise from the project. But, by 2025, the new 15-acre plot, designed by architect Renzo Piano, will be home to the residents of 10 villas and 120 luxurious apartments that will be spread over the reclaimed land, according to […]

Why 12 broker teams have tried, and failed, to sell this UES townhouse

Posted: 20 May 2018 06:00 AM PDT

This 1872 townhouse has had a rough go of it of late as it’s been pulled on and off the market. Owned by long-time commercial real estate broker Kenneth Laub, 79, the property first hit the market 15 years ago asking for $35 million. Since then, at least 12 different broker teams have tried to sell the house–and work on Laub to lower the price. Today, Laub’s still looking for a buyer, but asking for […]