The Real Deal - New York Real Estate News

Air Force vet unknowingly buys home where his ancestors were enslaved

Posted: 23 Jan 2022 12:02 PM PST

An Air Force veteran who left his hometown at the age of 18 now owns the former plantation in his birthplace where relatives — including his great-grandmother — were kept as slaves. The Washington Post is reporting that two years ago Frederick Miller purchased the building and property he admired from the window of a bus on his way to school every day as a child without knowing that his family’s history was attached to

Wildfire near Big Sur sends hundreds fleeing

Posted: 23 Jan 2022 11:00 AM PST

What started as a brush fire on Friday night has grown into a 1,500-acre conflagration forcing the evacuation of more than 500 residents and the closure of a portion of historic State Highway One near Big Sur, California. The New York Times is reporting that the blaze, confusingly named the “Colorado Fire,” quickly spread through the mountainous coastal region thanks to intense, gusty winds of up to 50 miles per hour blowing through what’s known

Sitex Group pays $30M for Greenpoint industrial property

Posted: 23 Jan 2022 10:00 AM PST

Sitex Group snapped up 98,000 additional square feet of industrial property in Brooklyn earlier this month for $30 million. According to the Commercial Observer, the New Jersey-based investor has taken hold of 360 Kingsland Avenue via an off-market transaction brokered by TerraCRG partners Dan Marks and Daniel Lebor on Jan. 14. The Greenpoint property, near Newtown Creek and a short distance from the Brooklyn-Queens Expressway, was bought from a family-owned fuel and transportation business that

Intel investment in new Ohio chip plant could reach $100B

Posted: 23 Jan 2022 09:00 AM PST

It’ll be a macro microchip plant. Semiconductor maker Intel announced this week that it could invest up to $100 billion to build what could become the world’s largest chip factory in an attempt to put an end to the global shortage in semiconductors — and take back Intel’s title as the top chip manufacturer, which it lost to Samsung in 2021. The new plant, announced on Friday during a White House event with members of

Et tu, Caravaggio? Roman home asking $534M gets zero bids at auction

Posted: 23 Jan 2022 08:00 AM PST

Not even an original Caravaggio fresco could help sell the world’s most expensive home. The ask: $534 million. The 16th-century Roman villa didn’t draw a single bid at a Jan. 18 auction, according to Mansion Global. The Italian government set April 7 as the date for a new auction for the 30,000-square-foot house. The new price: $427.4 million. If it sells after that price chop of more than $100 million, it would still top the

“Full House” producer selling LA mansion on site of Manson murders

Posted: 23 Jan 2022 07:00 AM PST

The listing for 10066 Cielo Drive in Benedict Canyon trumpets the “unparalleled luxury” of the home and its 3.6 surrounding acres. The ask, according to KTLA5: $85 million. It hides a hard truth. The home, owned by “Full House” TV producer Jeff Franklin, was built on the site of the Manson Family murders in 1969. Pregnant actress Sharon Tate was stabbed 16 times and died, her blood smeared across a door to spell “pig.” Three

Hong Kong businesses struggle with fallout of city’s zero-Covid policy, supply chain woes

Posted: 23 Jan 2022 06:00 AM PST

Hong Kong businesses that clung to life throughout the pandemic face the end of the line as they struggle with rising operating costs, supply chain chaos and the city’s “zero-Covid” policy. In the days after the city circulated its latest virus measures this month, several shops, bars and eateries said they would close, the New York Times reported. The spread of the Omicron variant led Hong Kong to reinstitute a virus policy that it shares