The Real Deal - New York Real Estate News

Why a $12M resort developer reinvented himself as a tiny home builder

Posted: 12 Aug 2018 11:56 AM PDT

Tiny homes have been heralded as one approach to affordable housing, but as zoning rules and various regulations have wrapped the housing model in red tape, the small homes have seemed less and less like a viable option. But for Randy Jones, the founder of building company Incredible Tiny Homes, the troubled market represents an opportunity so obvious it’s basically a “no brainer.” Jones, 58, got into the business after losing everything in Great Recession. […]

What the rampant, often celebrated vandalism of Bird scooters says about LA and tech

Posted: 12 Aug 2018 10:30 AM PDT

No one likes change, especially when it arrives by electric scooter. Bird scooters have become the symbol of tech companies’ arrival to the Southern California coastline known as Silicon Beach and the targets of residents’ wrath. Scooters are increasingly winding up broken, in flames, buried in the ocean or otherwise defiled in myriad different ways, as the Los Angeles Times reported. The various tactics for decommissioning the scooters, which were conceived by their maker, Bird, […]

Developers behind Whistler Blackcomb test new resort concept

Posted: 12 Aug 2018 10:00 AM PDT

Blend micro-units with Airbnb and U.K.-based yuppie hotel chain, Yotel, and the result would be Replay Resorts’ new ski resort, YotelPAD. The 144-unit condo building in Park City, Utah will function like a hotel with amenities including living room-like lounges, mini-movie theaters and fully-stocked gyms. But owners can opt to have their “pads” rented out by Replay. Most units are between 338 to 500 square feet in size and the largest units, of which there […]

Ashkenazy gets go-ahead to jack up rent at Barneys’ Madison Avenue flagship

Posted: 12 Aug 2018 09:31 AM PDT

A city arbitrator has ended the lengthy rent dispute between Barneys and Ashkenazy Acquisition, declaring the retailer’s new annual bill to be $30 million. The new rent represents double Barneys current rent and, with property taxes factored in, the figure is actually much higher, coming to an estimated total of $44 million per year, as the New York Post reports. The massive hike is still only half of what Ashkenazy had been seeking, however. The […]

Picture perfect: Photo company flush with VC money eyes U.S. real estate market

Posted: 12 Aug 2018 09:00 AM PDT

Photography startup Meero is coming to New York City armed with $60 million in venture funding. The company raised $15 million in a Series A round in September 2017 and raised an additional $45 million in a Series B eight months later. Backers include European funds such as Global Founders Capital, Aglaé Ventures, Alven, White Star Capital and Idinvest Partners. Meero runs a global online marketplace through which clients can book photographers and arrange shoots […]

Drew Barrymore unloads Hollywood Hills home for $17M

Posted: 12 Aug 2018 08:00 AM PDT

Drew Barrymore is parting ways with her longtime home in the Hollywood Hills. The actress sold an 8,000-square-foot residence for $16.5 million in a deal that transacted off-market last month, the Los Angeles Times reported. A Swedish LLC named Hillcrest AB is listed as the recorded buyer, property records show. Built in 1957, the home has 18 rooms, including four bedrooms, as well as a guest house and swimming pool. The two-story home also features […]

Family of 1920s mobster and bootlegger searches for lost real estate fortune

Posted: 12 Aug 2018 07:00 AM PDT

Rocco Perri’s family has been trying to track down the late mobster’s real estate fortune for years and accuses the Canadian government of keeping it from them. The 1920s mobster and bootlegger who ferried booze to Al Capone in Chicago was based out of the Canadian town of Hamilton until, as his living relatives believe, he fled Canada in the 1940s to build a legitimate real estate empire in the U.S. and Mexico, as reported […]

Why there’s growing interest in buying million-dollar ghost towns

Posted: 12 Aug 2018 06:00 AM PDT

Though John Voight lives alone on his sprawling 225-acre property, he’s part of a group of hundreds of Americans who’ve bought ghost towns. Churches and corporations are among other interested buyers with companies often buying the properties as a marketing strategy, while individuals often buy their vast empires of solitude to preserve history or launch a new enterprise, according to The Outline. “There is not a demographic out there that does not want to buy […]