The Real Deal - New York Real Estate News

Hudson Yards’ tax breaks are bigger than Amazon’s would have been

Posted: 09 Mar 2019 01:00 PM PST

Over a period of more than 10 years, government tax breaks and incentives to support Related Companies and Oxford Properties Group’s development of Hudson Yards total about $6 billion. That’s double the package of tax breaks and incentives Amazon’s Long Island City campus was trying to secure before the company scrapped its plans, the New York Times reports. Related Hudson Yards’ president L. Jay Cross told the publication the 28-acre complex that contains 13 buildings […]

PHOTOS: First look inside 10 Jay Street office conversion

Posted: 09 Mar 2019 12:00 PM PST

The office conversion at 10 Jay Street in Dumbo has a new look and at least one tenant confirmed: SoHo House’s co-working concept, SoHo Works. The new Dumbo location will be the luxury private member’s first co-working outpost in New York City and its third space worldwide, according to Crain’s. SoHo Works is leasing 50,000 square feet at the 230,000 square foot property. Developers Glacier Global Partners and Triangle Assets were originally setting out to […]

Come Awaze with me: Europe’s $1.3B vacation rental giant gets a new name

Posted: 09 Mar 2019 11:00 AM PST

A portfolio of European vacation rental brands, once an Airbnb acquisition target, has unveiled a new corporate identity as it prepares for further consolidation and expansion on the continent. The new company, Awaze, includes brands like UK-based cottages.com, James Villa Holidays and Hoseasons, as well as Denmark-based Novasol and Netherlands-based Landal GreenParks. The portfolio of brands was previously owned by Wyndham Destinations, who sold it to Beverly Hills-based private equity firm Platinum Equity for $1.3 […]

John Hughes’ widow shopping Lake Forest mansion after picking up $12M home

Posted: 09 Mar 2019 10:00 AM PST

The widow of filmmaker John Hughes is shopping a Lake Forest mansion after buying another big estate in the North Shore town for $12 million. Nancy Hughes broke the record for most expensive residential sale in Lake Forest when she bought the 12,500-square-foot Cape Cod last year, according to the Chicago Tribune. Now, she’s asking $4.5 million for the Lake Forest home, a six-bedroom, 7,000-square-foot English country-style mansion that she bought for $5.2 million shortly […]

Spice Girl looks to part with Hollywood Hills home, chops price by $3M

Posted: 09 Mar 2019 09:00 AM PST

Spice Girl Melanie Brown has chopped the price of her Hollywood Hills home to $5.9 million, a $3 million discount from its 2017 asking price. The singer listed the four-story home two years ago after divorcing from her husband, producer Stephen Belafonte. They purchased the home together in 2014 for $4.3 million and renovated it extensively in 2016, according to the Los Angeles Times. Built in 1928, the home spans 5,200 square feet with four […]

Two’s company, three’s a crowd? The surprising guests at Harry Macklowe’s wedding

Posted: 09 Mar 2019 08:00 AM PST

The usual suspects were present to celebrate Harry Macklowe and Patricia Landeau saying “I do,” as were two less likely guests: the bride’s former husbands. Landeau’s first husband, photographer and collector Ronald Najar, toasted the couple alongside her second husband (and father of her four children) hedge funder Marc-Louis Landeau, according to the New York Post. Both former hubbies also brought their new spouses. Macklowe’s former wife of 57 years, Linda, was not present; their […]

“We need Ken Griffin…or a sports figure:” Mansion has gone unsold for 11+ years

Posted: 09 Mar 2019 07:00 AM PST

The owner of a massive Barrington mansion that’s gone unsold for more than 11 years cut the asking price by another $1 million this week in hopes of finally finding a buyer. “It’s taking a long time to find the right buyer,” listing agent George Michael of Chicago Northwest Realty told Crain’s. “We need a Ken Griffin…or a sports figure.” The 22,000-square-foot mansion on more than 14 acres at 344 Old Sutton Road first listed […]

Yippie ki yay: Bruce Willis scores new Brentwood manse

Posted: 09 Mar 2019 06:00 AM PST

Bruce Willis is buying in Brentwood. The actor and his wife, Emma Heming, paid $9.8 million for a 13,000-square-foot home in the Westside neighborhood, according to Variety. The home has seven bedrooms and 12 bathrooms, a double-height entryway, home theater room, and spa. The first floor has an outdoor patio that leads to the backyard, with a pool and hot tub. An outdoor deck also runs the length of the second floor overlooking the backyard. […]