The Real Deal - New York Real Estate News

The latest threat to US landlords? Cities are arming tenants with lawyers

Posted: 28 Dec 2019 09:00 AM PST

Half a dozen U.S. cities plan to provide tenants free legal counsel in eviction cases in an effort to reduce evictions and prevent homelessness. The programs are expected to be costly and challenging to implement, but advocates contend they will help keep people from becoming homeless and entering the shelter system, according to the Wall Street Journal. The cities include San Francisco, Cleveland, Philadelphia, Newark, and Santa Monica. All but San Francisco limit assistance to

American buyers are scooping up luxury homes in Paris

Posted: 28 Dec 2019 07:00 AM PST

International appetite for large, modern spreads in Paris is growing. The prices are, too. Americans make up a big chunk of buyers and they’re buying bigger than they have before, according to the Wall Street Journal. The growth in interest is pinned on economic instability in London, favorable dollar-to-euro exchange rates, and recent French tax cuts. American buyers want three- and four-bedroom apartments instead of the one- and two-bedroom apartments that have traditionally been popular

Bidding war set for 1,300 acres of prime real estate in South Philadelphia

Posted: 28 Dec 2019 06:00 AM PST

A bidding war is set for a former refinery in South Philadelphia, despite worrying environmental challenges at the 1,300-acre property. At least 15 parties have shown interest in buying all or part of the former Philadelphia Energy Solutions refinery, shuttered in June after an explosion set off a fire that ripped through the facility, according to the New York Times. The soil is contaminated from 150 years of refining and is currently under remediation, but