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The Real Deal - New York Real Estate News |
Countrywide CEO Angelo Mozilo reflects on the 2008 crash Posted: 17 Jun 2018 03:35 PM PDT Ever wondered where the so-called villains of the 2008 crash ended up? The Wall Street Journal is doing a series of check-ins with leaders of major players at the onset of the Great Recession and Angelo Mozilo is undoubtedly one of them. The former head of Countrywide Financial Corp., who sold the company to Bank of America in a pre-crash fire sale, still disagrees with those that say that he, as the largest lender in […] |
Public housing is better off under private management: study Posted: 17 Jun 2018 02:43 PM PDT Developers who managed six public housing buildings put residents’ fears to rest about how private management would treat them, according to a report to be released tomorrow. The Wall Street Journal reviewed an advanced copy of the report, conducted by the Citizens Housing and Planning Council, and noted that in 2016, 80 percent of tenants in the privately-managed buildings rated the quality of housing as good or excellent, compared to 35 percent who did the […] |
Buckle up: There’s a new must-have for luxury hotels Posted: 17 Jun 2018 01:28 PM PDT Who wants to sit shotgun as luxury hotels and cars take off at break-neck speeds? Hotels that allows guests to drive themselves around a racetrack in luxury cars are becoming increasingly popular for car lovers, corporate retreats and those seeking something new and novel, according to Bloomberg. “Track driving in one of the world’s great equalizers,” said Maggie Smith, the owner of Connecticut resort, Winvian Farm, to Bloomberg. Smith’s hotel offers road-racing lessons on a […] |
Richest monarchy in the world assumes personal control of RE assets Posted: 17 Jun 2018 12:53 PM PDT Thailand’s king has put the monarchy’s diverse investment portfolio into his own name in a move that’s causing mixed feelings. Now that the royal house’s corporate and real estate assets are in King Maha Vajiralongkorn’s name, an estimated $30 billion holdings are now subject to tax, according to the Financial Times. The Crown Property Bureau, which had previously been the entity behind all royal investments, had been exempt from taxes and asserted in the past […] |
Larry Silverstein’s needed a new $32.6M pad to escape Midtown’s “old fogeys” Posted: 17 Jun 2018 11:42 AM PDT After 33 years, Larry Silverstein felt it was time for a change. He and his wife, Klara, moved out of their long-time home on Park Avenue for a penthouse at 30 Park Place in Lower Manhattan, according to the New York Times. The 2016 building was developed by Silverstein Properties and one of its crown jewels–the entire 81st floor of the 82-story building–now belongs to Silverstein himself for a cool $32.6 million. Why’d he do […] |
Michael Cohen’s in-laws list three apartments in Trump World Tower Posted: 17 Jun 2018 09:53 AM PDT Michael Cohen’s in-laws, Fima and Ania Shusterman, have put three apartments in Trump World Tower on the market for a cumulative $11.2 million. The Shustermans’ decision to sell the properties they acquired between 2003 and 2005 comes as Cohen, who is under investigation by federal authorities, has been embroiled in costly legal proceedings since the FBI raided his office in April and is currently looking to hire a criminal defense lawyer, according to Bloomberg. According […] |
Family feud over late designer Oleg Cassini’s fortune, properties lands widow in jail Posted: 17 Jun 2018 08:39 AM PDT Marianne Nestor is behind bars for a cause she believes in. The widow of Oleg Cassini, a fashion designer who dressed Jackie O among other starlettes, Nestor is in jail for not following court orders related to the protracted legal battle over his $55 million estate, according to the New York Post. Meanwhile, Cassini’s grandson, Alexandre Cassini Belmont, is trying to force the sale of a $15 million Gramercy townhouse, which Nestor calls her “primary residence” […] |
Bravo producer and host Andy Cohen goes on NIMBY trash crusade Posted: 17 Jun 2018 06:00 AM PDT Andy Cohen’s Instagram feed has been filled with trash lately, specifically the kind his neighbors at 21 and 19 Bank Street throw out. Cohen’s been giving his 2.5 million Instagram followers regular updates on the state of the overflowing trash bins, which other neighbors say are shared by the two properties, and complaining about the blight of the “junkyard” on his West Village neighborhood during dog walks, as the New York Post reports. In a […] |
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