The Real Deal - New York Real Estate News

Trophy office towers could become a thing of the past in London

Posted: 30 May 2020 11:00 AM PDT

Some London developers could find themselves building office space for tenants that don’t exist, if they already aren’t. The economic downturn brought on by the pandemic is also likely to mean at least a temporary end to the type of monumental office projects born from the optimism of the last several years, according to the Financial Times. Number 22 Bishopsgate, a 62-story Class A tower that will be the tallest office block in the city

Lesser-known Apple co-founder re-lists 14,000-acre California ranch

Posted: 30 May 2020 09:00 AM PDT

A sprawling central California ranch owned by an Apple co-founder is on the market for $37.5 million. Neither Steve Jobs nor his programming whiz partner Steve Wozniak ever owned this 14,000-acre property — it is owned by Apple’s second CEO and first big investor, Mike Markkula, according to Business Insider. The now-76-year-old Markkulla and his wife bought the property in 1982 for $8 million. Five years earlier, the already-wealthy investor cut a $250,000 check to

Mass timber project in Cleveland could be nation’s tallest

Posted: 30 May 2020 06:00 AM PDT

What will be the country’s tallest wood building is headed skyward in Cleveland. Harbor Bay Real Estate Advisors is building the 298-unit, nine-story building dubbed Intro with mass timber throughout much of it, including load-bearing sections. The firm closed $144 million in financing in March and construction has now started, according to the Wall Street Journal. Intro is one of a handful of mid- and high-rise mass timber projects proposed or under construction in the