The Real Deal - New York Real Estate News

Missed opportunity: LES co-op wants to re-vote on air rights sale but developers say they’ve moved on

Posted: 21 Oct 2018 01:00 PM PDT

Too late is the message Ascend Group and Optimum Asset Management has for residents of Seward Park Co-op. The developers of a former nursing home site in the Lower East Side had wanted to buy the air rights from the four-building co-op for $54 million but, after the residents’ June vote failed to generate enough turnout to be binding, the developers moved on with a new plan to build a 26-story tower, according to The […]

Live like Madonna: The pop star’s former London home is now a vacation rental

Posted: 21 Oct 2018 12:00 PM PDT

Need a holiday? Madonna’s former home is now within reach as luxury vacation rental for a little under $1,000 per night. The two-bedroom apartment in London’s upscale South Kensington area was home to the pop star and her former husband, director Guy Richie between 1999 and 2003, according to CNN. The apartment includes a library, fully-outfitted kitchen and a limestone bathroom. The property is not as luxurious, however, as the subsequent homes Madonna has since […]

As HQ2 announcement approaches, Amazon execs are revisiting NYC, Chicago, Miami

Posted: 21 Oct 2018 11:00 AM PDT

Some cities are getting another look from Amazon as the announcement for where the e-commerce giant will set up its second headquarters looms. New York City, Chicago, Newark, Miami and the Washington, D.C. area all had recent follow-up visits from Amazon executives, according to the Wall Street Journal. In New York, the company is reportedly looking at sites in Long Island City and, more broadly, the e-tailer seems to be most interested in locations that […]

Would you stay at Dunkin’ Donuts’ $10-per-night Airbnb?

Posted: 21 Oct 2018 10:00 AM PDT

Dunkin’ Donuts is getting into the tiny home game. The coffee chain has built a tiny mobile home in Nahant, Massachusetts and is now renting it out on Airbnb for $10 per night with a maximum stay of up to three days, according to Eater. Billed on Airbnb as “The Home That Runs On Coffee,” the house comes with ample coffee-making supplies, unlimited Dunkin’ coffee and donuts (of course) and the small structure is powered […]

Blackstone’s Stephen Schwarzman discusses Jamal Khashoggi in Q3 earnings call

Posted: 21 Oct 2018 09:00 AM PDT

Blackstone’s CEO and chairman Steve Schwarzman spoke about dissident journalist Jamal Khashoggi during an earnings call last week. The first question from an analyst on the call was about how Saudi Arabia’s role in the disappearance–and now confirmed death–of journalist Jamal Khashoggi may affect Blackstone’s U.S. infrastructure fund, according to a Seeking Alpha transcript. In May 2017, the Public Investment Fund of Saudi Arabia committed to contributing half of Blackstone’s $40 billion U.S. infrastructure fund. […]

Fox is developing a real estate sitcom inspired by HGTV’s “Property Brothers”

Posted: 21 Oct 2018 08:00 AM PDT

One big broadcast network just wasn’t enough for HGTV’s “Property Brothers.” The twin brothers who rose to fame for buying and fixing up homes are now producing a sitcom for Fox. Drew and Jonathan Scott will be executive producers on the show alongside another pair of brothers: Jon and Josh Silberman, who will be both executive producers and screenwriters for the new show, according to Variety. The Silbermans previously worked on “It’s Always Sunny in […]

LA business owners hope “LeBron effect” will be a slam dunk for their bottom lines

Posted: 21 Oct 2018 07:00 AM PDT

As LeBron James prepares for his first game on Sunday as a Los Angeles Laker, so do the bar and restaurant owners in Downtown Los Angeles. Business owners in the surrounding neighborhoods abutting the Staples Center are hoping for the so-called “LeBron effect” — a boost in business thanks to increased interest in the famous basketball player — to take shape as the NBA star puts on his shiny purple-and-gold jersey, Downtown News reported. Some […]

Loft featured on “Chicago Fire” hits the market

Posted: 21 Oct 2018 06:00 AM PDT

“Chicago Fire” fans who thought Kelly Severide’s luxe loft home in the show’s first season seemed a little outside of the price range of a Chicago firefighter were right. The 4,000-square-foot West Loop loft that Taylor Kinney’s character shared with an ill-fated paramedic played by Lauren German is on the market for $1.78 million. And if the movie theater, private rooftop deck and signature spiral staircase aren’t enough to draw interest, maybe the idea that […]