The Real Deal - New York Real Estate News

San Francisco’s largest homeless shelter poised to face legal battle

Posted: 04 May 2019 01:00 PM PDT

San Francisco city officials approved the city’s largest homeless shelter last week, but fervent opponents of the project say they aren’t giving up their fight to kill it. The Embarcadero Navigation Center is set to occupy a Port of San Francisco-owned parking lot near beneath the Bay Bridge in Rincon Hill, a wealthy area of the city along its eastern waterfront, according to SFist. Attorney Andrew Zacks, who leads the opposition to the shelter, claimed […]

Mark Zuckerberg makes privacy a priority – when he buys real estate

Posted: 04 May 2019 12:00 PM PDT

Mark Zuckerberg may be under fire for failing to protect the privacy of Facebook users, but he takes extraordinary measures to protect his own while expanding his personal portfolio of homes. The 34-year-old CEO of Facebook has tried to hide his property purchases through a limited liability company and a firm that manages investments for wealthy clients, and he also requires real estate agents who work for him to sign non-disclosure agreements, the Wall Street […]

Why locals in Singapore are buying more homes now than they have in the past decade

Posted: 04 May 2019 11:00 AM PDT

Domestic buyers accounted for the largest percentage of home purchases in Singapore in a decade, signaling local confidence in the future of the island nation. Singaporeans bought about 79 percent of the private apartments sold in the first quarter, the largest domestic share in Singapore since the first quarter of 2009, according to Bloomberg. Property consultants OrangeTee & Tie Pte. also reported that luxury units accounted for 69 percent of private apartments sold in January, […]

How shootings can turn building owners into legal targets

Posted: 04 May 2019 10:00 AM PDT

Owners and managers of commercial buildings are increasingly becoming legal targets after active-shooter incidents on their properties. As cases related to shootings on commercial properties are litigated, new research indicates juries may find landlords and owners at least partly responsible if they do not have a plan or have offered training on what to do if an active shooter event occurs, Bisnow reports. Between 2000 and 2017, 280 active shooter incidents occurred and 45 percent […]

How one town is moving to avoid to flooding

Posted: 04 May 2019 09:00 AM PDT

Plans to move a tiny, flood-prone community in Louisiana to higher ground may serve as a model for people forced to leave their homes due to worsening weather conditions. About 40 homeowners who live in Pecan Acres, a flood-prone subdivision in New Roads, Louisiana, plan to move their community in its entirety about two miles away to a site where the elevation is 10 feet higher, CNBC reported. It will be one of the first […]

The Seychelles to auction off estate at a discount after diplomat’s divorce

Posted: 04 May 2019 08:00 AM PDT

The consul general and tourism ambassador of the Seychelles, an Indian Ocean island nation known for its robust offshore financial services sector, is selling his 7.9-acre estate in North Castle. Seychelles’ government shelled out $2.2 million in 2016 for the property at 1503 Old Orchard Street on behalf of Consul General Justin Etzin back in 2016, the New York Post reported. But Etzin, no stranger to tabloid headlines, and his wife, Latvian model Lana Zakocela, recently divorced, and […]

This week in celeb real estate: Vince Vaughn’s former home lists, pedigreed Holmby Hills pad trades hands…and more

Posted: 04 May 2019 07:00 AM PDT

The parade of celebrity homes was a mostly short one this week. Apart from an $11 million sale in Holmby Hills, much of the activity happened in neighboring Southern California cities. A property rich in Hollywood history traded for $11 million this week, after first hitting the market for $17 million in 2015. A trust belonging to Margaret Black sold the Holmby Hills estate to an unknown buyer. The two-story, 8,750-square-foot property on 1.1 acres […]

Another step forward for David Beckham’s contested Florida stadium

Posted: 04 May 2019 06:00 AM PDT

A judge denied a motion to stop David Beckham and his partners from demolishing Lockhart Stadium in Fort Lauderdale and redeveloping it as a training facility and a temporary stadium for Inter Miami, their Major League Soccer team. The order by Broward Circuit Judge Raag Singhal late Friday paved the way for demolition of the city-owned Lockhart Stadium by Miami Beckham United LLC, the owner of Inter Miami. Starting in 2020, the soccer team plans […]