The Real Deal - New York Real Estate News

There are fears of a great housing bubble in China

Posted: 19 Jul 2020 09:00 AM PDT

China’s efforts to beat back coronavirus led to widespread travel restrictions and shutdowns. But it appears to have been just a hiccup for the property boom in its biggest cities. Home prices continue to rise higher and units are flying off the shelves again. More money was invested last month in Chinese real estate than any other month recorded, according to the Wall Street Journal. One estimate found Shanghai apartment resales approached a record high

Jerry Wolkoff, prolific New York developer, dies at 83

Posted: 19 Jul 2020 06:30 AM PDT

Gerald “Jerry” Wolkoff, the brash and prolific New York developer, has died at 83. Wolkoff suffered a brief neurological illness and died Friday evening at his home in New York City. Long Island Business News first reported the news. Born on Nov. 8, 1936, the Brownsville-native began working at an early age, following his father’s death when Wolkoff was 11. In a 2018 interview with The Real Deal, he described how he and his two

These real estate developers are serious about helping Mother Nature

Posted: 19 Jul 2020 06:00 AM PDT

For some builders, minimizing environmental impact isn’t enough. Some developers are pushing the envelope further, designing buildings that can actually help the environment, according to the New York Times. Nonprofit organizations, educational institutions, and mission-driven developers pioneered the concept of “deep green” buildings and its spread to some commercial developers. Developers Stephen C. Grey & Associates and Hess Callahan Partners have opened two “deep green” projects in Seattle designed by architecture firm Weber Thompson. The