The Real Deal - New York Real Estate News

Canadian developer bets big on comeback of cities

Posted: 26 Dec 2020 09:00 AM PST

One major Canadian developer is making a big bet that urban centers will rebound after the pandemic. Oxford Properties Group, the real estate division of Ontario Municipal Employees Retirement System, is planning a $2 billion megadevelopment in midtown Toronto, according to Bloomberg. The developer wants to bring a mix of apartments, offices and retail to a 9.2-acre area that’s largely parking lots. The development, dubbed “Canada” Square,” would have five new skyscrapers totaling 3 million

Albany strikes deal on eviction and foreclosure bill

Posted: 26 Dec 2020 07:13 AM PST

New York lawmakers have reached a deal to limit evictions and some mortgage foreclosures for a few more months. The Emergency Eviction and Foreclosure Prevention Act — which was negotiated over days of conferences — would immediately freeze all evictions and foreclosures for small property owners for two months. The legislation will come up for a vote on Monday, and if passed, will be sent to Gov. Andrew Cuomo’s desk for approval. Cuomo had previously

Zac Efron looks to bid his neighbors farewell

Posted: 26 Dec 2020 06:00 AM PST

A year before Zac Efron appeared in the movie “Neighbors” as a mischievous, hard-partying fraternity president, the actor made a quieter entrance into the Los Feliz neighborhood, paying $4 million for a 5,600-square-foot home. Seven years later, Efron has listed the five-bedroom, five-bathroom property with sweet views of Downtown Los Angeles for $5.9 million, according to the Los Angeles Times. The home includes three stories of decks and balconies. Efron made improvements to the pool