The Real Deal - New York Real Estate News

Oregon law blocking real estate “love letters” challenged in court

Posted: 20 Nov 2021 11:59 AM PST

An Oregon law that bans real estate agents from delivering personal notes from bidders to sellers is being challenged on First Amendment grounds. USA Today reported on Saturday that a lawsuit filed Friday afternoon by the Pacific Legal Foundation on behalf of Total Real Estate Group claims the state’s ban on so-called “love letters” violates buyers’ freedom of speech. “This censorship is based on mere speculation that sellers might sometimes rely on information in these

Investor asks $30M for 145-acre estate near Vail

Posted: 20 Nov 2021 11:00 AM PST

Century Bridge Capital co-founder Keith Tucker is looking to sell his estate outside Vail, Colorado, for $29.8 million. If sold near that asking price, it would be among the pricier deals to ever close in the area. Last year, a six-story mansion in Vail proper sold for $57.3 million, breaking the previous record of $28.7 million. Tucker’s property totals 145 acres and is about 30 minutes outside the ski community in the town of Edwards.

High Society comes out in support of billionaire’s glass penthouse

Posted: 20 Nov 2021 10:42 AM PST

It’s always fun when high-society players turn up at local city hearings — especially when they’re battling with the commoners (and some of the gentry) over who gets to change the face of a historic neighborhood. That’s what happened this week, as the New York Times columnist Ginia Bellafante noted, when, during a three-hour Landmarks Preservation Commission Zoom meeting, billionaire hedge-fund manager Bill Ackman made the case for replacing a pink stucco servants’ residence atop his

Dianne Feinstein finds buyer for Lake Tahoe compound after $10M price chop

Posted: 20 Nov 2021 08:30 AM PST

U.S. Senator Dianne Feinstein found a buyer for her waterfront compound in Lake Tahoe after slashing her asking price by $10 million. The compound went under contract in early November, three weeks after the price was cut to $36 million from $41 million, according to the New York Post. Feinstein and her husband Richard Blum, head of Blum Capital, listed the property last fall at $46 million, then dropped the price again in June. The

Landlords’ next amenity: Office building health care

Posted: 20 Nov 2021 08:06 AM PST

Is there a doctor in the house? For these midtown Manhattan office towers, the answer is yes, as a landlord there has brought in a health care provider to help manage the medical needs of employees heading back to the office during the course of the workday, Real Estate Weekly reports. SL Green has rented space at it 750 Third Avenue to Reside Health, a concierge medical service that will provide Covid testing, inoculations, physicals,

So much for that lull: bubble worries return for Canadian property

Posted: 20 Nov 2021 07:30 AM PST

Property bubble worries are back in Canada, where home sales posted their biggest jump since the summer in October. Sales jumped 8.6 percent from September, making it the second-busiest October on record, according to the Canadian Real Estate Association, according to Bloomberg. Prices climbed 2.7 percent in the month. “After a summer where it looked like housing markets might be calming down a bit, October’s numbers suggest we might be moving back towards what we

“Fourplexes everywhere”: San Francisco citywide upzoning advances

Posted: 20 Nov 2021 06:30 AM PST

After four hours of impassioned debate Thursday, the San Francisco Planning Commission unanimously approved legislation designed to increase density and keep the state from deciding the future of infill housing in the city. Months before the state passed its own infill initiative in September, Supervisor Rafael Mandelman had sponsored two pieces of legislation which, together, would allow up to four units on lots now zoned for one-, two- and three-family homes. About 60 percent of

Jill, Harry Karman sue Upper East Side neighbor over unfinished renovation

Posted: 20 Nov 2021 06:00 AM PST

Upper East Side couple Harry and Jill Kargman sued their neighbor over a years-long brownstone renovation that liken to Detroit four decades ago. Harry Karman, an advertising executive whose wife is an author and actress, filed suit in state court last week, according to Patch. The padlocked Lenox Hill property, surrounded by construction fencing, is “attracting homeless people, garbage, rodents, dirt and debris,” the suit said, and “is more reminiscent of Detroit circa the 1980s