The Real Deal - New York Real Estate News

Realtor shot outside house he was showing in Philadelphia

Posted: 04 Nov 2018 12:00 PM PST

Orlando Martinez, 54, was shot in the jaw and left in his locked car nearby a home he was scheduled to show last week. The shooting is thought to have occurred at some point on Oct. 30 in Philadelphia and Martinez was found by police on the morning of Oct. 31 before dying of his injuries in hospital, according to Inman. Police think he may have been in the car for up to a day. […]

This crypto millionaire is building his own city in the Nevada desert

Posted: 04 Nov 2018 10:00 AM PST

A cryptocurrency millionaire plans to transform desert land in Nevada – a plot larger than Reno – into a dream city that runs on blockchain technology. Jeffrey Berns, owner Blockchains LLC, paid $170 million this year to buy land populated mostly by bush and wild horses, the New York Times reported. Now, he’s planning an experimental community that will span over 100 square miles and include homes, schools, commercial districts, production studios, an office park […]

Property taxes higher this year for most Trump-linked real estate in Palm Beach County

Posted: 04 Nov 2018 09:00 AM PST

Property taxes are higher this year than last year for most Palm Beach County properties linked to President Donald Trump. This year’s total property tax bill for all Trump-related properties in the county is about $1.36 million, up from $1.18 million last year. The 2018 property tax owed on the 17-acre Mar-a-Lago Club in Palm Beach is $488,943, based on an assessed value of $25.4 million. Last year, the property tax on Mar-a-Lago was $459,164 […]

Roomi lays off more than half of its workforce after funding falls through: report

Posted: 04 Nov 2018 08:23 AM PST

Roomi, an online roommate finder that clinched market share by snatching up its competitors, is laying off more than half of its staff after a failed funding round. The layoffs were announced Friday in an update to a CNN profile of Roomi’s founder Ajay Yadav and the startup. The company said a “round of funding it had anticipated fell through,” which meant 40 to 50 layoffs of Roomi’s 63 employees. Yadav told CNN that “it […]

This hotel will match room decor to your mood

Posted: 04 Nov 2018 08:00 AM PST

At a new St. Louis hotel, a concierge asking “how are you?” is making more than just small talk. That’s because the Angad Art Hotel seeks to pair guests with a room that matches their mood. At the hotel, which opened Thursday, rooms are decorated and painted in one color that seeks to evoke a mood that either matches that of the guest, or is picked by the guest to help attain a new mental […]

Jho Low’s $250M yacht heading to auction

Posted: 04 Nov 2018 07:00 AM PST

Malaysia is auctioning off fugitive Jho Low’s $250 million yacht named Equanimity — a 300-foot vessel the disgraced financier purchased with embezzled funds. How high bidding goes is anybody’s guess. “All I can say is as high as possible,” said Ong Chee Kwan of Christopher & Lee Ong, who is representing the Malaysian government in the sale, according to Bloomberg. Yacht brokerage Burgess is handling the auction, which is accepting bids between Nov. 4 and […]

Spec developer plans “marijuana mansions”

Posted: 04 Nov 2018 06:00 AM PST

Massive wine cellars and cigar rooms are commonplace amenities at Los Angeles’ most expensive mansions, but this might be a first. Developer Ramtin Ray Nosrati is planning a handful of “marijuana mansions” on spec with their own cannabis cultivation areas and smoking rooms, according to TMZ. Nosrati, through his company Huntington Estate Properties, is planning five such mansions in Bel Air and Westside. He plans to price them around $30-40 million and says he’s targeting […]