The Real Deal - New York Real Estate News

One of Karl Lagerfeld’s final works, a luxury apartment tower, is rising in Taiwan

Posted: 27 Apr 2019 01:00 PM PDT

Those mourning the loss of fashion icon Karl Lagerfeld will soon be able to turn to a new high-rise in Taiwan to purchase a piece of the late designer’s final works. In 2014, developer Jut Group teamed up with the late Chanel and Fendi creative director to design an apartment tower in Taichung City, Bloomberg reported. The building is expected to be completed by 2022. Lagerfeld designed almost every aspect of the building, from the […]

Abu Dhabi allows foreigners to own land for first time

Posted: 27 Apr 2019 12:00 PM PDT

Abu Dhabi is allowing all foreigners to own land for the first time in its history. The move is meant to boost the slumping property market in the United Arab Emirates capital amid low oil prices and a strong dollar, according to Bloomberg. Abu Dhabi is the country’s second largest city. Its largest city, Dubai, has been in a slump too — home prices there have dropped 25 percent since their peak in 2015. Foreigners […]

Redfin: Open houses can help homes sell for more — depending on the market

Posted: 27 Apr 2019 11:00 AM PDT

The average home in America will sell for $9,046 more and spend seven fewer days on the market if it holds an open house in its first week, according to new data. A recent Redfin analysis of homes listed in 2018 found that homes with open houses tend to sell for more in nearly all cities, but don’t get too excited just yet: a major caveat is that the correlation between open houses and higher […]

Pier 1 Imports could close up to 15% of its stores in coming year

Posted: 27 Apr 2019 10:00 AM PDT

Add Pier 1 Imports to the list of retailers struggling to adapt to the rise of e-commerce. After posting a dramatic drop in sales in the fourth quarter, the home goods giant said it might close as many as 45 stores in the coming year, according to BisNow. Pier 1 reported comp-store sales in its final quarter as down nearly 14% year-over-year. The company has already closed 30 locations due to dwindling sales, and will […]

How smoking bans are affecting the resi market

Posted: 27 Apr 2019 09:00 AM PDT

Last summer, all of the city’s multifamily properties were required by law to create smoking policies for their buildings. But added restrictions haven’t hindered sales in an already-slow market. Buildings that have put in place smoke-free policies have either seen a boost in interest or no change, according to Forbes. The rules can be enforced once they’re added to a building’s property lease and bylaws. The report comes as New Yorkers have already adapted to […]

A piece of J.P. Morgan, Jr.’s country home is on the market

Posted: 27 Apr 2019 08:00 AM PDT

For about £5 million — or roughly $6.5 million — you too can live like a banking mogul. Actually, more like in the former mansion of a banking mogul. One of seven apartments within the country home of J.P. Morgan, Jr. is on the market in Hertfordshire, England, Barron’s reported. Developers carved up the mansion, which sits outside London, into the units more than 10 years ago. The American banker bought the property in 1910. […]

SNL’s Pete Davidson now lives in a $1.3M house with his mom

Posted: 27 Apr 2019 07:00 AM PDT

Living with your parents isn’t just for the unemployed anymore. “Saturday Night Live” star Pete Davidson recently moved back home with his mom after breaking off his engagement with singer Ariana Grande, according to the New York Post. He and his mom bought the Staten Island home for $1.3 million, and it includes four bedrooms and four bathrooms. The home also features a custom kitchen and a private master wing. Davidson lived with Grande prior […]

Groupon co-founder’s new home has 15-car garage, casino room

Posted: 27 Apr 2019 06:00 AM PDT

Groupon co-founder Brad Keywell shouldn’t ever have trouble finding parking near his new home in the West Loop. Keywell recently paid $5.1 million for a 15,000-square-foot loft at 1140 West Monroe Street that includes a 15-car garage, Cook County property records show. The home, which sold to Keywell on April 10, is a two-story residence in a former industrial building that has an “outrageous” party room with a casino, a bar, four bedrooms and a […]