The Real Deal - New York Real Estate News

Feds order admitted arsonist to pay $123M

Posted: 24 Nov 2018 01:00 PM PST

The federal government is ordering a man to pay $122.6 million for setting fire to a furniture warehouse in Woodridge. The government this month filed a lien in that amount against Ruben Antonio Ochoa Cruz, who pleaded guilty to intentionally setting fire to the RoomPlace warehouse in a dispute with his boss over vacation time. The four-alarm blaze burned the 325,000-square-foot industrial building to the ground, destroying the inventory of furniture and equipment belonging to […]

Ritzy rentals: Guess where you’ll find the priciest Airbnbs

Posted: 24 Nov 2018 11:00 AM PST

The priciest Airbnbs aren’t in the country’s big coastal hubs. The top spot goes to a home in Red Rock Ranch, Missouri, Forbes reported. The property is sprawled across 80 acres and can accommodate around 16 guests — for $12,000 per night. Guests there also have access to a private chef and guns for target shooting. For comparison: that price tag, for one night, could pay for almost three years of rent on an average […]

How one REIT is trying to lure online brands into brick-and-mortar stores

Posted: 24 Nov 2018 09:00 AM PST

Macerich is trying out a new program in its malls to make it easier for e-commerce brands to open bricks-and-mortar stores. The $7 billion real estate investment trust – the country’s ninth-largest mall owner with some 51 million square feet of retail space – is cutting through the red tape of opening a store, Forbes reported. Instead of a traditional lease – where the tenant is in charge of things like hiring a broker, securing […]

Most Americans claim they live in the ‘burbs, including 18% of New Yorkers

Posted: 24 Nov 2018 07:30 AM PST

It turns out the U.S. is a majority-suburban country, according to the responses to a new question in HUD’s biannual housing survey. The results of the 2017 American Housing Survey (AHS), which included a “neighborhood description question” for the first time, found that 52 percent of respondents described their neighborhoods as suburban, just 27 percent described their neighborhood as urban and 21 percent as rural, according to City Lab. The survey marks the first time […]

Having a child in Italy could soon entitle you to free land

Posted: 24 Nov 2018 06:00 AM PST

First comes love, then comes marriage, next comes baby in the baby carriage and free land to boot from the Italian government—provided its your third child. The Italian government has proposed giving land to families who have a third child between 2019 and 2021 for a 20-year period, according to Forbes. The proposal is meant to encourage population growth and agricultural production. The territories would be located in state-owned areas of Southern Italy, a region […]