The Real Deal - New York Real Estate News

Not even death is an escape from New York’s expensive real estate

Posted: 30 Mar 2019 01:00 PM PDT

There’s barely a square foot New York City real estate that doesn’t sell for a premium and it’s no different in the city’s increasingly crowded cemeteries. The cost of burial plots in the cemeteries that dot the city have increased over the years, while plot sizes have shrunk as land becomes scarce, according to the New York Times. Plots typically go for between $4,500 to $19,000 before maintenance and other fees, but pricing is all […]

Disgraced restaurateur Ken Friedman plots Long Island comeback

Posted: 30 Mar 2019 12:00 PM PDT

Spotted Pig owner Ken Friedman has been… spotted on Long Island. The disgraced restaurateur has applied for a liquor license on the North Fork, an area that has been described as the “Brooklyn of Long Island,” Eater reported. His partners on the new project are Jennilee Morris and Jess Dunne of North Fork Roasting Company, a local coffee roaster and restaurant. In 2017, Friedman was accused by at least 10 women of various “unwanted sexual […]

Google is getting into the vacation rental business

Posted: 30 Mar 2019 11:00 AM PDT

On the heels of launching its new hotel booking platform, Google is adding new vacation rental offerings to the business. Users now have the option to book entire lodgings — like apartments, cabins and villas — instead of individual rooms, Skift reported. The feature is available globally for mobile users and will expand to the desktop platform in several months. “Our goal is to provide the best possible search experience for users looking for a […]

Leave the gun, take the house: “Godfather” home on Staten Island is up for sale

Posted: 30 Mar 2019 10:00 AM PDT

The sellers of this house will need to hear an offer they can’t refuse. The Staten Island home at 120 Longfellow Avenue, which famously served as Michael Corleone’s home in “The Godfather,” is up for sale, according to the New York Post. The four-bedroom property is asking $1.37 million. Owners Elaine and Peter Albert have lived in the home since 1977, when they bought it for $195,000. Its connection to Hollywood was not related to […]

Travis Kalanick’s new firm is expanding — this time in London

Posted: 30 Mar 2019 09:00 AM PDT

Travis Kalanick’s new venture — which aims to build a web of kitchens that cater to delivery-only restaurants — has expanded for the first time outside the United States. Kalanick’s City Storage Systems (CSS) quietly picked up FoodStars, a London-based startup also focused on the food-delivery industry, the Financial Times reported. Last year Kalanick, the former Uber CEO who resigned amid a series of scandals at the ride-sharing company, invested $150 million in Los Angeles-based […]

South Florida construction starts plummet in February

Posted: 30 Mar 2019 08:00 AM PDT

South Florida construction starts plummeted for the second straight month. Total construction starts declined 63 percent on a year-over-year basis in February to $589 million, according to a new report by Dodge Data & Analytics. Commercial real estate saw the biggest drop, falling 78 percent to $190.1 million, while residential starts declined 43 percent to $399 million. While monthly housing starts reports can be volatile, February marks the second consecutive month that construction starts fell […]

Protection at a price: How one home survived the Woolsey Fire

Posted: 30 Mar 2019 07:00 AM PDT

Despite an estimated $5 billion in real estate damage the Woolsey Fire inflicted, Phillip Vogt’s Malibu home was the only one in his area left relatively unscathed. The tale of his property, detailed in a Wall Street Journal report, could become a model for how homeowners in high-risk areas — and who have the significant financial means — can protect their properties against future wildfires. Knowing it was in one of the most fire-prone areas, […]

WeWork expands private event booking service to Chicago

Posted: 30 Mar 2019 06:00 AM PDT

As competitor Convene ramps up its expansion into Chicago, WeWork is inviting members and non-members alike to book private events at several of its local offices. The co-working giant announced this week it will offer four spaces at three of its nine city locations where companies can book “workshops, presentations, offsite meetings, social events and everything in between.” The available spaces include lounge areas — already open to WeWork members during the day — at […]