The Real Deal - New York Real Estate News

Michael Avenatti’s law firm evicted from office over $213K in unpaid rent

Posted: 17 Nov 2018 01:00 PM PST

The Los Angeles lawyer famous for representing Stormy Daniels is officially in the market for a new office. Michael Avenatti’s law firm was officially evicted from its Newport Beach digs on Friday, according to the Los Angeles Times. Avenatti had attempted to ward off the eviction — despite failing to appear for the trial against his landlord, Irvine Co., last month and at Friday’s final hearing — but ultimately Judge Robert Moss sided with Irvine. […]

Redfin’s closings have gone digital thanks to new partnership

Posted: 17 Nov 2018 12:00 PM PST

Redfin has partnered with online notary service Notarize to allow homebuyers to make purchases entirely online. The Seattle-based brokerage expects that 10 percent of its November sales will be conducted digitally, according to Inman. Notarize, which launched last year and has raised $30 million from multiple real estate companies, including Lennar and Realogy Holdings, provides an online notary service that allows people to sign legal documents digitally. The service will be available to Redfin Mortgage […]

Losing hand: Las Vegas’ Association of Realtors to end listing syndication

Posted: 17 Nov 2018 11:00 AM PST

The table is cold for Zillow. The Greater Las Vegas Association of Realtors is ending syndication of its members’ listings to Zillow, ListHub and “all such portals,” Inman reported. GLVAR said it “knows that protection of MLS data is a priority for its members.” Former GLVAR president David Tina explained in a video that the group surveyed its members and 75 percent said they would like control over their own syndication. GLVAR previously allowed brokerages […]

Former Mel Brooks home shaves a half million off asking price

Posted: 17 Nov 2018 10:06 AM PST

The listing price for a 1968 home once owned by comedy legend and filmmaker Mel Brooks has been cut to $11.5 million after eight months on the market at $12 million. Brooks and his late wife, Ann Bancroft, acquired the property, which is located on a narrow spit of Hamptons land between the Atlantic Ocean and Mecox Bay, in 2000 for $3 million. The house was sold by Brooks for $5.3 million in 2010, and […]

Female agents targeted by scammers posing as sheriff’s officers

Posted: 17 Nov 2018 09:00 AM PST

Scammers posing as sheriff’s officers have been calling female real estate agents in southeastern Massachusetts seeking to set up private meetings. At least two agents received calls from an unidentified man who said he worked for the Bristol County Sheriff’s Office in Massachusetts and told the women they owed $2,000 in fines, Inman reported. The callers identified themselves as sheriff’s officers and used technology that allowed the actual number to be blocked but displayed “Sheriff’s […]

Wanna buy a penthouse in London? Now’s the time

Posted: 17 Nov 2018 08:00 AM PST

If you’re looking to buy a penthouse in London, now is a good time. Factors such as Brexit and a strong supply of luxury apartments have turned London into a strong market for buyers, according to the Wall Street Journal. The uncertainties surrounding Brexit have deterred many people from wanting to buy property, and the city is still dealing with a glut of luxury homes from its real estate recovery, which started around 2010. As […]

HNA offers investors free plane tickets in lieu of cash

Posted: 17 Nov 2018 07:02 AM PST

A subsidiary of the struggling Chinese conglomerate HNA Group said it will repay investors with free tickets for HNA’s eponymous airline instead of cash. The move is the latest sign that HNA is struggling to pay off its crippling debt load. The free tickets are meant to pay off investors in wealth management products sold by Qianhai Air & Shipping Exchange, Bloomberg reported. HNA has already committed to selling $22 billion in stocks and real […]

Bernard Arnault, world’s fourth-richest person, dives into the spec mansion game

Posted: 17 Nov 2018 06:00 AM PST

Buying nearly a half-billion-dollars worth of Rodeo Drive retail properties apparently isn’t Bernard Arnault’s only real estate ambition in Beverly Hills. Arnault, the fourth-richest person in the world, has added to his sizeable portfolio of prime Los Angeles real estate with a $30 million purchase in the Trousdale Estates neighborhood. The chairman of luxury goods conglomerate LVMH picked up a 6,400-square-foot home there last month, according to Yolanda’s Little Black Book. It’s not the home […]