The Real Deal - New York Real Estate News

Coronavirus spread to Middle East hits UAE’s biggest developer

Posted: 29 Feb 2020 11:00 AM PST

The real estate industry is starting to feel the impact from the growing coronavirus threat, and Dubai’s biggest developer is no different. Shares in Emaar Properties PJSC — builder of the world’s tallest tower, the Burj Khalifa — fell 10 percent this week after 230 cases of the virus were confirmed in the Middle East, according to Bloomberg. The company’s subsidiaries have also taken hits. The virus’ spread, or rather the measures to contain the

Kanye West is the real estate king of Cody, Wyoming

Posted: 29 Feb 2020 09:00 AM PST

Kanye West and his family have spent a lot of the last year and a half in a rather unlikely place for super celebrities: Cody, Wyoming. What have they been up to? Locals say they’re more or less fitting right in, as much as a celebrities of their caliber could, according to the New York Times. West frequents the local McDonald’s and the Cody Steakhouse. He and wife Kim Kardashian West shop at the stores

The gender wealth gap extends to real estate: Yale study

Posted: 29 Feb 2020 06:00 AM PST

The wealth gap between men and women appears to extend beyond wages – it’s in the real estate space. Single women who buy real estate see 1.5 percent lower annual returns on their investment compared to their male counterparts, according to a recently published Yale study. The researchers analyzed U.S. transactions from 1991 to 2017. The disparity comes down to purchase and sale prices. Single women pay about 2 percent more than single men when