The Real Deal - New York Real Estate News

Realtor rents hotel rooms for homeless during deadly cold snap

Posted: 03 Feb 2019 12:00 PM PST

With Chicago in the throes of a historic stretch of frigid weather this week, a South Side Realtor led an effort to bring a group of people without homes out of the cold. Candice Payne, managing broker at 5th Group Realty & Management, and her husband launched an effort to convince people living in a South Loop homeless encampment to come with them to escape the cold on Tuesday night as overnight wind chills approached […]

Testing 1, 2, 3: Zillow puts its own homes for sale ahead of others in search results

Posted: 03 Feb 2019 11:00 AM PST

Real estate database company Zillow is testing the placement of company-owned homes at the top of home-search pages, ahead of other homes listed for sale. The company buys homes in select cities for cash and resells them through its Zillow Offers program. Now Zillow is conducting tests on its website and mobile apps that put its own homes ahead of other listings on search pages. Inman reported that 22 or 26 homes on the first […]

The Wing adds co-playing room for kids

Posted: 03 Feb 2019 10:00 AM PST

The Wing, a co-working club for women, just opened a playroom space called The Little Wing where New York members can leave their children while they work. Certified child minders, or “Wing-sitters,” supervise the playroom at The Wing’s location in New York City’s Soho area, just off Mercer Street. The Little Wing, intended to distinguish The Wing from other co-working spaces, has such programmed events as art and music classes. Led by Laetitia Gorra and […]

Johnny and June’s Tennessee estate is up for redevelopment

Posted: 03 Feb 2019 09:00 AM PST

The former property of music legend Johnny Cash could become home to new residential development. The owner of the 4.5-acre estate in Hendersonville, Tennessee is offering the option of selling the land for $3.9 million to a developer or builder to divide it into residential lots, Forbes reported. Johnny and June Cash lived in their nearly 14,000-square-foot home on the land from the late 1960s until their deaths in 2003. The current owner is a […]

Rising rents blamed for closure of iconic East Village comic book store

Posted: 03 Feb 2019 08:00 AM PST

Another St. Mark’s institution will close after more than three decades, amid rising rents in the East Village. St. Mark’s Comic’s, an underground favorite for comic book aficionados, will close at the end of February, according to EV Grieve, an East Village news blog. The shop lasted a little more than a year longer than another now-shuttered St. Mark’s Place staple, Continental, a renowned dive bar that sold five shots for $10. Rising rents and […]

Deutsche Bank refused Trump Organization’s 2016 request to increase loan for golf course

Posted: 03 Feb 2019 07:30 AM PST

Nearly three years ago, Deutsche Bank refused a request from the Trump Organization to increase its loan for a Miami-area golf course, Trump International Doral, because the bank was concerned about its growing relationship with Donald Trump and his company. The Wall Street Journal also reported that the German bank internally questioned whether it was adequately informed about how the Trump Organization would use the loan money. Deutsche Bank did not comment on the loan […]

Here are the states where resi agents are earning top dollar

Posted: 03 Feb 2019 07:00 AM PST

Did you know being a residential real estate agent in Alaska could pay better than Florida, Illinois or California? A new ranking from Forbes shows agents working in New York make the most money, while agents in Ohio earn the least. The report draws its research from occupational data provided by the Bureau of Labor Statistics from 2017. Agents in New York made the most money by far, however. In 2017, agents in the state […]

If Related sells this San Fran penthouse at its asking price, it will set a city record

Posted: 03 Feb 2019 06:00 AM PST

Related California is looking to set a new record in San Francisco with its latest listing. The penthouse atop the company’s under-construction Avery tower hit the market this week asking $41 million, according to the Wall Street Journal. The 8,500-square-foot penthouse is a full floor with four bedrooms, a gym and a private rooftop terrace. It’s one of 118 condominiums at the 56-story building, which has 548 total units, including some that are affordable rental […]