The Real Deal - New York Real Estate News

Music man Michael Feinstein drops price an octave on Los Feliz mansion

Posted: 28 Apr 2019 01:00 PM PDT

Musician and entertainer Michael Feinstein has dropped the price several octaves on his Los Feliz mansion. Feinstein chopped the asking for his Tudor Revival estate to $18.9 million, according to the Los Angeles Times. He first listed the home a year ago at $26 million. The reduced price represents a 27% decline. Last January, Feinstein bought a larger estate in Pasadena. The 15,200-square-foot Los Feliz property is three stories, and includes six bedrooms and 6.5 […]

Sign of the times: Synagogue converted into micro apartments

Posted: 28 Apr 2019 12:00 PM PDT

Cedar Street Companies has packed its trademark “Flats” micro apartments into former boarding houses, abandoned offices and a historic piano factory. Now it can add a synagogue to the list. The Chicago-based firm debuted its newest rental complex in Uptown last month, opening 40 compact apartments inside a formerly vacant Jewish house of worship at 5029 North Kenmore Avenue, according to Forbes. The company aptly dubbed the redeveloped building “The Synagogue.” The building rents studio […]

Meet the building-wellness startup partly backed by Bill Gates and valued at $800M

Posted: 28 Apr 2019 11:00 AM PDT

Can a certification for buildings’ wellness become as widespread as the LEED certification of sustainable design? That is what former Goldman Sachs partner Paul Scialla is betting on as the founder of Delos, a New York City-based startup that is selling a “Well” certification that developers, employers and hotel operators can publicly display in their lobbies and promotional materials, Forbes reports. Features like treadmill desks, easy access to water or the proximity of desks to […]

Ultra luxe real estate prices in Miami could rise at the second-fastest rate in the world this year

Posted: 28 Apr 2019 10:00 AM PDT

Ultra luxury real estate prices could rise by 5 percent this year in metropolitan Miami, the second-fastest growth rate among 20 global cities, according to Knight Frank and Douglas Elliman. Knight Frank, a global real estate consultant, and brokerage firm Douglas Elliman forecast that prime property prices will rise 6 percent this year in four of the 20 global cities – Berlin, Capetown, Madrid and Paris – and will decline in five of the cities, […]

Centerbridge could make a splash with potential sale of Great Wolf water parks

Posted: 28 Apr 2019 09:00 AM PDT

Centerbridge Partners is reportedly exploring selling its Great Wolf Resorts water park chain. The Chicago-based firm began considering a sale after receiving an unsolicited takeover bid that could be worth more than $3 billion for the national chain, which includes a portfolio of 17 indoor water parks and two more in development in Scottsdale, Arizona and Manteca, California, according to Bloomberg. Great Wolf is set to generate more than $300 million in earnings before interest, […]

She’s a brick house: Historic 61-bedroom house in Oregon hits the market

Posted: 28 Apr 2019 08:00 AM PDT

A sprawling house listed for sale in Portland, Oregon, comes with 61 bedrooms and a local history lesson. The brick building spans a three-acre site, and in addition to all those bedrooms, it also has 19 private and 20 shared bathrooms, multiple dining rooms, a commercial-grade kitchen, private offices, religious spaces, courtyards, a gym and an auditorium, according to the New York Post. The asking price is $8.79 million. Known as Mann House, it is […]

Zillow offers new tool to create 3D home tours for all its listings

Posted: 28 Apr 2019 07:00 AM PDT

Coupling a three-dimensional home tour with a real estate listing is hardly new, but it could become more commonplace now that Zillow is offering an app to make the imagery free of charge. Seattle-based Zillow Group announced last week that it will enable the inclusion of 3D tours with all its listings, HousingWire reported. The announcement follows a successful test of the 3D-tour technology during a trial period. Zillow also introduced a new app that […]

Prince died three years ago, but the fight over his estate lives on

Posted: 28 Apr 2019 06:00 AM PDT

Sunday is the third anniversary of the death of recording artist Prince and the legal fight over his estate – including a 10,000-square-foot Caribbean villa – could continue for years to come. When Prince died at age 57 of an opioid overdose, he left behind an estate with an estimated value of $200 million that includes the villa and master tapes of his recordings, according to the New York Post. His heirs said in a […]