The Real Deal - New York Real Estate News

Freshly renovated manse heads to the auction block with no reserve

Posted: 11 May 2019 01:00 PM PDT

A newly remodeled mansion on the eastern edge of Los Angeles County is hitting the auction block with no reserve. The 7,250-square-foot Mediterranean-style mansion sits in a gated community in the city of Diamond Bar and will go to the highest bidder at an auction on June 1, according to Mansion Global. It’s a no reserve auction, which means the seller isn’t setting a bottom-end threshold for bids In other words, it could sell at […]

Senate bill would expand Fair Housing Act to protect LGBTQ households

Posted: 11 May 2019 12:00 PM PDT

A new bill seeks to expand federal anti-discrimination protections to LGBTQ renters and homeowners. A bipartisan group of senators last month introduced the “Fair and Equal Housing Act of 2019,” which would add language to the federal Fair Housing Act banning discrimination in renting, or mortgage lending, based on sexual orientation or gender identity. As currently written, the federal law prohibits landlords and lenders from denying service on the basis of race, religion, national origin, […]

Europe’s development bank to remain in London, despite Brexit woes

Posted: 11 May 2019 11:00 AM PDT

Despite the uncertainty of Brexit, a major European bank is bucking the trend of other finance corporations and staying put in London. The European Bank for Reconstruction and Development will lease 365,000 square feet in a new office building in the Canary Wharf area of London, deciding against leaving the United Kingdom for other European cities, according to the Financial Times. The bank is moving from the historic financial district, City of London, to the […]

Owner of NYSE, MERS to acquire property database firm

Posted: 11 May 2019 10:00 AM PDT

Intercontinental Exchange (ICE), the company which owns the New York Stock Exchange, has a commanding role in stock markets worldwide. But now the Atlanta-based firm appears to be angling for a similar position in U.S. mortgage markets. ICE announced on May 1 that it would pay $335 million to acquire Simplifile, the nation’s largest e-recording network and provider of property record databases for county recorder offices. On the heels of ICE’s full acquisition of mortgage […]

“Sex and the City” actress Kristin Davis puts longtime home on the market

Posted: 11 May 2019 09:04 AM PDT

It may not be a penthouse on New York’s Upper East Side, but “Sex and the City” star Kristin Davis has put her real-life property on the market for sale. The actress has listed her Brentwood compound for $3.3 million, Mansion Global reported. Located on Jeffersonia Way, the property features a main house and back house. Combined, they include four bedrooms and three-and-a-half baths within about 4,000 square feet of living space. Amenities include an […]

This week in celeb real estate: 2 execs buy in Brentwood, Nixon’s “Western White House” gets price chop…and more

Posted: 11 May 2019 08:00 AM PDT

This week showed signs of a bright market despite the gloom. Celebrities spent big in Brentwood, while others sold their beachfront properties. In Orange County, the week wasn’t as pleasant. The seller of Richard Nixon’s former home dropped the asking price again on the so-called “Western White House.” Viet Dinh, Fox Corp.’s chief legal and policy officer, bought a home in Brentwood for $19.5 million. The former U.S. Assistant Attorney General and his wife, Jennifer […]

The priciest resi listings in LA right now

Posted: 11 May 2019 07:00 AM PDT

A year ago, Peter Morton made real estate history when he sold his Malibu home for $110 million — the most expensive single-family home sale in Los Angeles County ever. Since then, a number of homes have hit the market at higher prices than that, with sellers attempting to break the Morton record but, as of yet, none managing to top it. But not for a lack of trying. Many luxury brokers said the fourth […]

Chicago Mayor Emanuel leaves behind a city flush with development, but also mounting problems

Posted: 11 May 2019 06:00 AM PDT

Mayor Rahm Emanuel has a thing for construction cranes. The mayor was known to demand regular reports from the city’s buildings department on the running tally of cranes hoisted over the city’s construction sites, including where the number stacked up against rival cities like Seattle, according to a former City Hall staffer. Emanuel seized on cranes as “an economic indicator, highlighting thousands of new construction jobs, billions of dollars in private sector investments and a […]