The Real Deal - New York Real Estate News

Cornell Tech: NYC’s HQ2 trump card

Posted: 22 Dec 2018 12:00 PM PST

If you build it, Bezos will come. Cornell Tech was a major selling point in helping bring Amazon to Long Island City, the New York Times reported. The school’s dean and vice provost, Daniel Huttenlocher, sits on Amazon’s board of directors. And Amazon executives visited the campus on Roosevelt Island as they conducted their nationwide search. “It really sends a message to the broader tech industry and also the whole world that New York City […]

Investors are flocking to England’s Manchester

Posted: 22 Dec 2018 11:00 AM PST

Investors are pouring money into the English city of Manchester, which is seeing home values rise as companies expand their workforces. Sovereign wealth funds, international real estate funds and domestic investment funds are increasing their presence in the city, Mansion Global reported. The city has about 49,000 new homes in the pipeline, of which 19,000 are under construction, according to Cushman & Wakefield. “As one of the (U.K.’s) largest financial centers outside London, Manchester has […]

Kushner picks up NJ site primed for 590 rentals

Posted: 22 Dec 2018 10:00 AM PST

Kushner Companies, which already has a large stake in the Jersey Shore town of Long Branch, is lining up another big project. The company is close to acquiring a development site that’s been approved for 590 rental apartments and 99,500 square feet of commercial space, NJ.com reported. “I can confirm that we are under contract to purchase the property,” Kushner Companies Creative Director Karen Zabarsky wrote in an email to NJ Advance Media. The purchase […]

New York City ranks among top retirement destinations: survey

Posted: 22 Dec 2018 09:00 AM PST

The city that never sleeps may not be a bad place to hang things up. New York City ranked No. 4 among the top destinations where Americans want to live when they retire, according to a new survey. Provision Living, which operates senior-living communities, asked 2,000 people about their dream retirement. Miami, with its warm weather and sunshine, was the No. 1 choice for future retirees. San Diego and Denver came in No. 2 and […]

West Village’s Cornelia Street Café to close after 40+ years

Posted: 22 Dec 2018 08:00 AM PST

West Village fixture Cornelia Street Café will shutter its doors next year. The bohemian hot spot, which opened in 1977, will close January 2, Time Out NY reported. For years the café helped nurture the neighborhood’s culture. In 1996, playwright Even Ensler debuted her “Vagina Monologues” in the venue’s basement space. Bistro owner Robin Hirsch said his rent has risen from $450 in 1977 to $33,000, which he said got worse after investor Mark Scharfman bought […]

Here’s where Big Apple salaries rank among the country’s top cities

Posted: 22 Dec 2018 07:00 AM PST

New Yorkers are among the highest earners in the country. Which, it should come as no surprise, happens to line up with higher costs of living. New York City’s average household income was was the fourth-highest in the nation in 2017 at $110,814, Business Insider reported. At the top of the list was San Francisco, with an average household income of $140,720 and some very expensive real estate. Washington, D.C., and Boston also had higher […]

Malibu manse selling for $14M looks like something out of 007

Posted: 22 Dec 2018 06:00 AM PST

A Malibu home fit for James Bond — or perhaps for one of the many villains he’s faced — has hit the market for $14 million. Harry Gesner, the influential architect, designed the 4,500-square-foot post-modern home, which was built in 1997. It’s called Ravenseye, according to the Wall Street Journal, and like many of Gesner’s designs features dramatic curving lines inside and out. It’s most striking room is the living room, with 25-foot-tall vaulted ceilings […]

Zillow Offers expanding to Dallas

Posted: 22 Dec 2018 05:00 AM PST

It’s sort of like the “Dallas Buyers Club,” but without Matthew McConaughey. Zillow has tapped the Texas city as the latest market for its iBuyers line of business, Inman News reported. Starting sometime next year, Dallas homeowners will be to use the Seattle-based tech giant’s Zillow Offers, which lets prospective sellers get an online quote for an all-cash offer in as few as 48 hours, Zillow announced Wednesday. That brings Zillow Offers to nine markets […]