The Real Deal - New York Real Estate News

UK orders buyer of London properties worth $100M to explain source of their money

Posted: 02 Jun 2019 01:00 PM PDT

The United Kingdom is asking the unnamed buyer of three London homes valued at $101 million to explain where their money’s coming from. Armed with the country’s new anti-money laundering rules, which became law last year, a U.K. court was able to freeze the ownership of the homes and compel the buyer, a series of offshore companies, to allow investigators verify the source of the funds via an unexplained wealth order (UWO), Bloomberg reported. This […]

The “original Hollywood” was in this Jersey town?

Posted: 02 Jun 2019 12:00 PM PDT

Fort Lee, New Jersey isn’t known for its style and grace on the silver screen, but a new film center hopes to set the record straight. The town across the Hudson River was the site of the “original Hollywood” back in the early 20th century, according to the New York Post. Universal Pictures, Fox and Paramount all launched their studios there in the 1910s at the height of the silent film industry. Famous stars at […]

This Toronto condo will be developed by an all-female team

Posted: 02 Jun 2019 11:00 AM PDT

A new condo in Toronto is being developed by a team comprising only of women. Developers Taya Cook and Sherry Larjani have spent the last several months securing a team to work on their new condominium project, Reina, and everyone involved are women, reports Real Estate News Exchange (RENX) . That includes engineers, urban planners, construction managers and architects. The project will be the first in Canada developed by an all-female team. Cook and Larjani […]

Man posing as a real estate agent arrested in gem heist

Posted: 02 Jun 2019 10:00 AM PDT

A faux real estate agent robbed a Toronto-area couple blind during a recent open house. A 29-year-old man, who posed as a real estate agent, took more than $30,000 worth of jewelry from an upstairs bedroom during the couple’s showing of their house to agents, according to Inman. The house was located in Oakville, a town about an hour outside of Toronto that is among the wealthiest enclaves in Canada. Police arrested and charged the […]

Next stop for Keller Williams? Morocco

Posted: 02 Jun 2019 09:00 AM PDT

Keller Williams Worldwide is expanding to Morocco. The firm, which is the international brand of Keller Williams, claims to see tremendous opportunity in Morocco, noting in their initial release that Quantum Global ranked the country as the most attractive investment market in Africa, reports Inman. Egyptian billionaire Youssef Mansour will lead KW’s new master franchise in the country, which will begin with a new regional office in Casablanca, before expanding into the cities of Tangier, […]

Lena Dunham is officially done with Brooklyn

Posted: 02 Jun 2019 08:00 AM PDT

Lena Dunham’s moved on from her Brooklyn life — and it seems like she’s taking a loss to get closure. The actress, who popularized the borough through her HBO hit series “Girls,” first listed her Williamsburg condo at 60 Broadway last July with Brown Harris Stevens asking $3 million. After taking it on and off the market, she relisted the property in May with Compass’ Erez Rose — and a $350,000 price chop. Now the […]

Lender SoFi could put its name on Inglewood’s $5B NFL stadium

Posted: 02 Jun 2019 07:00 AM PDT

SoFi Stadium? SoFi Los Angeles Stadium? SoFi Hollywood Park? The future home of the Los Angeles Charger and Los Angeles Rams in Inglewood may be getting a new name. San Francisco-based lender SoFi is reportedly in talks to put its name on the $5 billion Los Angeles Stadium at Hollywood Park, according to Fox Business. The deal could see SoFi pay around $20 million a year for the next decade for the sponsorship. Sources told […]

Two years after Grenfell Tower fire, hundreds of buildings await safety upgrades

Posted: 02 Jun 2019 06:00 AM PDT

Two years after the Grenfell Tower fire killed 72 people in London, hundreds of English buildings remain vulnerable to the same type of tragedy, including some 16,000 private apartments. Inspectors in 2017 found 433 buildings that were built with the same kind highly flammable steel cladding as Grenfell, and ordered the material removed. But as of this April, only about 100 of the buildings had been fixed, according to the New York Times. Prime Minister […]