The Real Deal - New York Real Estate News

This European city has the world’s fastest rising home price

Posted: 18 Jan 2020 11:00 AM PST

In the elegant Hungarian capital of Budapest, it’s good news for home sellers and not so good news for buyers. No other city in the world saw prices climb higher than in Budapest in the third quarter of 2019. The price of a home rose 24 percent year-over-year, according to a Knight Frank study cited by Mansion Global. It wasn’t a fluke for the city of 1.7 million — it topped Knight Frank’s list of

CBRE to open first Northeast co-working location in Philadelphia

Posted: 18 Jan 2020 09:00 AM PST

It’s time to share a conference room in the City of Brotherly Love. CBRE’s first co-working location in the Northeast is set to open by the end of the year in Philadelphia. The 50,000-square-foot location at Shorenstein Properties’ 1818 Market building is under CBRE’s Hana brand that the commercial giant launched last year, according to the Philadelphia Inquirer. CBRE has opened two Hana locations — in London and Dallas — and plans to open two

Masa Son, the crown prince of Dubai and Tony Blair walk into a bar and decide to build a $34B city in Asia

Posted: 18 Jan 2020 06:00 AM PST

How much would it cost to build a brand new, 445,000-acre capital city from scratch in the 21st century? Indonesia figures about $34 billion, and the world’s fourth-most populous nation has tapped a strange collection of people to execute the plans. The massive development project will be led by Crown Prince Sheikh Mohammed bin Zayed Al Nahyan of Abu Dhabi, according to the Associated Press. Following a two-day meeting with President Joko Widodo, the crown