The Real Deal - New York Real Estate News

Hong Kong security laws, that block dissent, also complicate RE investments for China’s elites

Posted: 16 Aug 2020 01:00 PM PDT

Individuals with family ties to some of the most powerful figures in China’s Community Party have tens of millions of dollars invested in Hong Kong, including some $51 million in high-end real estate. Now, new national strict security laws adopted in Hong Kong — with the backing of mainland China — may help those individuals financially, but could also complicate and hurt their investments there, according to a New York Times investigation. Those laws provide

Prince Harry and Meghan Markle are officially Santa Barbara residents

Posted: 16 Aug 2020 11:00 AM PDT

Prince Harry and Meghan Markle quietly moved to Santa Barbara in July, following their exit from the British royal family. The couple bought a home and has been living in the seaside community for the last six weeks, according to the New York Post. There are few details about the family’s new home, where they plan to raise their son Archie, but a spokesperson confirmed the move. “They have settled into the quiet privacy of

Blackstone and Brookfield are going mall shopping in India

Posted: 16 Aug 2020 09:00 AM PDT

Blackstone Group and Brookfield are shopping for retail opportunities overseas. The two real estate giants are among investors competing to buy up Indian retail assets struggling amid the coronavirus pandemic, according to Bloomberg. They are in talks to buy stakes in six Indian malls — including DB Mall in the city of Bhopal and Logix Mall outside New Delhi — with the purpose of establishing retail real estate investment trusts. Blackstone has also been in

As big as a mountain: 6-story Vail mansion sells for record price

Posted: 16 Aug 2020 06:00 AM PDT

The pandemic has not put a dent in the Colorado luxury market, in fact, it may have propelled more sales. And the latest is a new record. A biotech executive paid $57.3 million for a six-story Vail mansion — complete with two elevators — in the ski resort town. Kevin Ness, CEO of the biotech company Inscripta, bought the 15,000-square-foot home from a limited liability company tied to Mexican businessman Alejandro Rojas, according to the