The Real Deal - New York Real Estate News

Come fly with me: Airports’ prized real estate revenues are struggling

Posted: 27 May 2018 01:00 PM PDT

Foot traffic does not translate to sales as global airports are proving. As the Financial Times reports, despite a more than 7 percent increase in the number of travelers flying worldwide, non-aeronautical revenue per person is down across Europe and plateauing in North America. Non-aeronautical revenue comes from services like car rentals, parking fees, shopping and dining components. “Airports have done amazingly well at creating real estate and commercial revenues. The cash flows from their […]

Guess this top beach destination where homes cost less than $1M

Posted: 27 May 2018 12:30 PM PDT

At Diani Beach in Kenya you don’t have to break the bank for a piece of paradise. Oceanfront homes cost between $570,000 to $780,000 per acre and most are developed with amenities included as part of the cost, according to Mansion Global. If an apartment is more your style, they’re going for around $168,000 up to about $270,000. The closest major city to the 100,000-person beach town is the city of Mombasa; visitors arrive at […]

Homeowners near disputed Cali beach agree to give boat-only public access

Posted: 27 May 2018 10:00 AM PDT

From TRD Los Angeles: Beach access is coming under fire again and, this time, the waves of controversy caught coastal advocates off-guard. In the decades-long battle for public access to Hollister Ranch, a secluded 8.5 mile stretch of beaches near Santa Barbara, wealthy homeowners and, on the other side of the table, the California State Coastal Conservancy and the state Coastal Commission, quietly reached a settlement, according to the Los Angeles Times. The agreement will […]

The 10 cities where people earn the highest average salaries

Posted: 27 May 2018 09:00 AM PDT

New Yorkers take home some of the highest salaries in the world every month. Every year, Deutsche Bank does a little mapping exercise to determine the most powerful cities and one part of the survey includes take-home pay. These are the top 10 cities where the average resident took home the largest salaries per month (calculated after taxes). Four American cities made the top 10, while some cities you might expect to rank higher didn’t; […]

Guess how much Millennials and Gen Z will spend on rent before buying homes

Posted: 27 May 2018 08:30 AM PDT

With delayed home ownership come hefty rents. The average millennial waits 12 years before buying their first house paying out a little more than $200,000 in rent in the process, according to an analysis from Zillow Group site HotPads. But, as previous reports note, the peak of the generation is beginning to buy homes, so, for landlords looking ahead, the next major wave of tenants will be members of Gen Z, people born between 1998 […]

America’s most expensive penthouse listings

Posted: 27 May 2018 08:00 AM PDT

The ultra-wealthy love their views and here’s 15 examples to prove it. It will come as no surprise that the majority are in New York City, but a few are further afield. Here’s a glimpse at what these luxurious homes look like and how much they’re asking for, from the smallest to largest price tag. All figures are based on asking prices listed on Trulia as of May 23. 15. $35 million Location: Honolulu, Hawaii […]

The Philippines is starting over with a new $14B “pollution-free” city

Posted: 27 May 2018 07:00 AM PDT

Bidding has began for companies interested in conducting the design, building, financing, or operations of the Philippines’ new city. Known as New Clark City, the developers leading the project, BCDA Group and Surbana Jurong, plan to build most of the new eco-city’s infrastructure through private-public partnerships, according to Business Insider. The next city is about 75 miles outside the country’s capital city of Manila is expected to cover about 36 square miles and eventually house […]

A frontrunner for Amazon’s HQ2 seems to be emerging

Posted: 27 May 2018 06:00 AM PDT

Amazon seems to have an interest in being near the capital; it shortlisted three cities in the Washington, D.C. metro area as potential sites for its second headquarters, and some say there are more clues supporting the theory. According to Business Insider, Northern Virginia’s reputation for housing data centers–it is reported that about 70 percent of American internet traffic flows through the area’s so-called Data Center Alley–has already led Amazon to plan a 600,000-square-foot data […]