The Real Deal - New York Real Estate News

The Queen needs Buckingham Palace manager, Bruce Willis sells Turks & Caicos compound: Global property

Posted: 04 Aug 2019 01:00 PM PDT

Every week, The Real Deal rounds up the biggest real estate news from around the globe. Europe Commercial real estate values in the European Union are just too damn high. At least according to European Systemic Risk Board, which warned about potential overvaluation. The problem is the European Central Bank’s monetary stimulus strategy has provoked investors to bum-rush commercial real estate in search of big yield, driving prices higher and higher. And now, the bank […]

Where do NYC’s real estate bigwigs tee off?

Posted: 04 Aug 2019 11:00 AM PDT

Anyone who’s tried to do business with a serious golfer on a summer Friday — or Monday, for that matter — may be on a fool’s errand. With an abundance of storied golf clubs in the metropolitan area, the same is true of real estate’s biggest players. Built on hundreds of acres of rolling hills in Westchester, New Jersey and the Hamptons, golf in the tri-state area is unquestionably a real estate story — sharing […]

Hot listing: Florida house hits market with a photo of the place on fire

Posted: 04 Aug 2019 09:00 AM PDT

A listing for a house in St. Petersburg, Florida, shows a photograph of the property engulfed in fire and smoke. The asking price is $99,000. But this tear-down is probably a better deal than the fiery photo suggests. The listing acknowledges the 1,280-square-foot house was “heavily damaged in a fire” but notes that its 6,037-square-foot lot is in “a very popular area.” The city government issued an order to demolish the house, which was built in […]