The Real Deal - New York Real Estate News

After 137 years, this landmark church finally got a building permit

Posted: 15 Jun 2019 01:00 PM PDT

The city of Barcelona has finally issued a building permit for La Sagrada Família, an architectural landmark in the Spanish city that has been under construction since 1882. The city licensed a committee to finish the construction of the Roman Catholic basilica and charge a fee of 4.6 million euros ($5.2 million), CNN reported. License fee proceeds will fund efforts to soften the local impact of the church’s global appeal: 4.5 million people a year […]

She will survive: Gloria Gaynor puts New Jersey home up for sale

Posted: 15 Jun 2019 12:00 PM PDT

Disco queen Gloria Gaynor is selling her New Jersey mansion for $1.4 million. The 69-year-old Newark native, known for hits like “I Will Survive,” is getting ready for an international tour. She told Realtor.com that she needs to unload her Somerset County home to be closer to New York City. “I love it, I really do. But I’m alone now, and it’s just gotten [to be] too much for me,” Gaynor said. Gaynor and her […]

You can stay in Tony Stark’s cabin in Georgia for just $335 a night

Posted: 15 Jun 2019 11:00 AM PDT

For about $335 a night, Marvel fans can make like Robert Downey Jr. and Gwyneth Paltrow and act like they’re in “Avengers: Endgame.” The lakeside cabin where Tony Stark is shown living with Pepper and his daughter in the film is now available for rental on AirBnB, according to Hypebeast. The three-bedroom, three-bathroom cabin is located in Fairburn, Georgia., about a 20-minute drive from Hartsfield-Jackson Atlanta International Airport. It can accommodate up to six guests, […]

London calling all luxury buyers: Wave of $25M home sales sweeps city

Posted: 15 Jun 2019 10:00 AM PDT

A wave of luxury home sales has swept across London, bringing the total number of deals above $25 million — £20 million — to a five-year high. In the last year, 38 homes in London have traded above that high-water mark, according to a report from Knight Frank as cited in Mansion Global. While London has always drawn the ultra-wealthy ready to drop tens of millions on lavish homes, its residential market has recently gained […]

A growing problem: Cannabis retailers want LA’s unlicensed pot shops shuttered

Posted: 15 Jun 2019 09:00 AM PDT

The legal cannabis industry is asking Los Angeles officials to crack down on illegal retailers in the city. The cannabis industry group, Southern California Coalition, sent a letter to the city, urging officials to raid illegal shops selling “tainted” products and confiscate products and cash, according to the Los Angeles Times. Currently, the city does not seize products or cash following raids. Illegal retailers present a serious threat to some legal brick-and-mortar pot purveyors. Unlicensed […]

NAR’s venture capital arm is now a blockchain investor

Posted: 15 Jun 2019 08:00 AM PDT

The National Association of Realtors is betting on the blockchain. NAR’s venture capital arm Second Century Ventures said it was investing in Propy, a San Francisco-based real estate transaction platform startup, according to Inman. The announcement is a substantial, considering NAR is the nation’s most powerful real estate trade organization, with 1.3 million members. Propy tracks deeds, documents and other details of real estate transactions through metadata on a blockchain, an immutable public ledger. Any […]

Starwood Capital spends big to acquire Sydney office complex

Posted: 15 Jun 2019 07:00 AM PDT

Barry Sternlicht’s Starwood Capital has purchased an office complex in northern Sydney for $303 million, in partnership with Australian firm Arrow Capital Partners. The complex was purchased from global asset manager BlackRock and Australia’s Centuria Property Funds, IPE Real Assets reported. The companies acquired the complex in 2016 for A$279 million. They decided to sell earlier than planned because of buyer interest. “These are A-plus buildings on a land-rich site,” Kurt Wilkinson, partner at Arrow […]

This week in celeb real estate: Trump leaves Beverly Hills, Dr. Dre buys in Pacific Palisades… and more

Posted: 15 Jun 2019 06:00 AM PDT

Actors, media moguls and even — indirectly — the president of the United States all made deals in Los Angeles this week. While Donald Trump’s L.A. portfolio is shrinking, Dr. Dre’s continues to grow. The Trump Organization parted with one of its last remaining properties in L.A., selling a 5,400-square-foot home on Canon Drive in Beverly Hills for $13.5 million, The Real Deal reported earlier this week. Indonesian media executive Hary Tanoesoedibjo was the buyer, […]

Tamir Sapir’s widow sells Trump Tower pad

Posted: 15 Jun 2019 04:00 AM PDT

Elena Sapir, the widow of the late real estate mogul Tamir Sapir, has found a buyer for her $6.5 million pad at Trump Tower. The three-bedroom condominium unit, located on the 58th floor of the Midtown condo tower, was asking $2,098 per square foot. An unknown buyer paid “very close” to the asking price, said listing broker Charlotte Van Doren of the Corcoran Group. Van Doren said her client had an accepted offer within 48 […]