The Real Deal - New York Real Estate News

UK student housing investors bet big amid pandemic

Posted: 04 Apr 2021 11:00 AM PDT

Investors betting big on the United Kingdom student housing market are hopeful the fall will mean back to school and back to business. Many university students plan to return to campus at summer’s end, which means more demand for nearby student housing. For the most part, investors don’t believe the pandemic will severely impact enrollment in the mid- to long-term, according to the Wall Street Journal. “University application rates can sometimes increase in a challenging

Thalía and Tommy Mottola flip Surf Club condo for $10M

Posted: 04 Apr 2021 09:00 AM PDT

Music producer Tommy Mottola, and his wife, Mexican singer and actress Thalía, flipped their Surfside condo for $10.4 million, $2.4 million more than their purchase price less than a year ago. Records show Mottola-led TNT Miami LLC sold unit S-307 at the Four Seasons Residences at The Surf Club to Richard Gold, a trustee of The South Fifth Residence Trust. Mottola is chairman of Mottola Media Group and former chairman and CEO of Sony Music

Jocelyn Wildenstein’s Trump World Tower condo sells but may need facelift

Posted: 04 Apr 2021 06:00 AM PDT

Jocelyn Wildenstein, a socialite known for her extensive plastic surgery, went from billionaire to bankrupt. Now, creditors have sold one of three condo units she combined into a single residence at Trump World Tower in Manhattan. The unit on the 51st floor of the Midtown East tower was sold for $2 million, according to the New York Post. It was stripped of its interior. Wildenstein had demolished several walls and combined the units into a