The Real Deal - New York Real Estate News

High-end retailers closing stores in Russia, pausing sales

Posted: 05 Mar 2022 09:25 AM PST

Upscale retailers are closing their stores in Russia in response to its invasion of neighboring Ukraine. The New York Times is reporting that about 120 stores in Russia controlled by luxury giant LVMH, including Moët, Hennessy, Louis Vuitton and Hermès will temporarily be closed starting on Sunday due to what a company spokesman called “current circumstances in the region.” The spokesperson noted to the newspaper that the company’s 3,500 employees in the country will still

Idaho realtor heads for trial in $82-million Ponzi scheme that tapped Christians

Posted: 05 Mar 2022 09:00 AM PST

An Idaho real estate agent stands accused of running an $82 million Ponzi scheme that preyed on devout Christian families, promising returns from Arizona property as high as 25 percent. A trial date will be set April 14 for Bradley R. Heinrichs, 41, after he pleaded not guilty to four felony counts of fraudulent schemes and artifices, illegal control of an enterprise, theft and conspiracy, the Idaho Statesman reported. He was indicted a year ago.

California mansion featured in “Scarface” hits market for $40M

Posted: 05 Mar 2022 08:31 AM PST

Say hello to my little mansion! The mansion featured in the movie “Scarface” where Al Pacino’s title charter snorted mountains of cocaine before being killed by assassins is hitting the market for $39.995 million, the Wall Street Journal is reporting. Known as “El Fureidis,” or “Little Paradise,” the outside of the Mediterranean-style mansion on about 10 acres in Montecito was featured in the 1983 film — but the inside, where Pacino’s character, Tony Montana, famously

Gamblers flock to virtual casinos in metaverse app

Posted: 05 Mar 2022 06:00 AM PST

Metaverse tourists are now sending their gambling selves into virtual poker rooms to lay down bets for crypto wealth. In Decentraland, a virtual space accessible via a web browser, visitors can choose an avatar to visit a wide variety of destinations, Bloomberg reported. But the hippest virtual hangout is the ICE Poker casino. Inside, hundreds of cartoonish people dressed in streetwear and sunglasses hover near poker tables for the sounds of a winning hand —