The Real Deal - New York Real Estate News

This is the world’s “money-laundering paradise”

Posted: 02 Feb 2019 01:00 PM PST

Everything’s bigger in Dubai. Home to the world’s tallest building since 2010, the emirate’s real estate industry could also be one of the world’s largest money laundromats. Transparency International, the anti-corruption group behind the annual Corruption Perceptions Index (CPI), has now joined the chorus of voices decrying the city-state’s weak regulations and lax enforcement, according to Forbes. With the release of its latest CPI results, Transparency International singled out Dubai for special attention in its […]

Atlanta hotels expect to score big time during Super Bowl LIII

Posted: 02 Feb 2019 12:00 PM PST

The biggest winner of Super Bowl LIII might be Atlanta hotel owners. Hotels in the city are tripling room rates as they prepare for more than 70,000 fans to arrive for Sunday’s matchup between the Los Angeles Rams and the New England Patriots, according to the Wall Street Journal. Atlanta’s hotel rates in early February generally average $90 per night, but the average rate this weekend is expected to be about $271. And that doesn’t […]

This pastel-pink villa is one of Monaco’s most expensive listings

Posted: 02 Feb 2019 11:00 AM PST

It’s a candy-pink piece of Monte Carlo’s glittering history. The house once owned by François Blanc, known as the “magician of Monte Carlo,” is on the market for $125 million. Spanning more than 8,000 square feet, the property has six bedrooms, landscaped terraces, a wine cellar and a 72-foot swimming pool. It was renovated by its current owners, an anonymous Eastern European couple, in 2008, according to the Wall Street Journal. The property is one […]

Chinese developers look to international bond market amid default troubles

Posted: 02 Feb 2019 10:00 AM PST

Chinese developers are increasingly seeking to raise money on the international bond market, even as default rates skyrocket. Fourteen top developers in China have issued offshore bonds worth about $8.6 billion as of January 2019, more than double the amount from the same time last year, the South China Morning Post reported. Some Chinese developers have struggled amid a slowing housing market in Hong Kong and in mainland China. In one case, Zhejiang-based developer Jiayuan […]

JLL Spark leads $5.2M funding round for British office booking platform

Posted: 02 Feb 2019 09:00 AM PST

Seven months after JLL’s venture capital arm launched a $100 million fund to invest in proptech startups, the firm is betting the explosive growth of coworking won’t ebb anytime soon. JLL Spark led a $5.2 million Series A funding round for Hubble, a London-based tech platform that matches office users with coworking tenants like WeWork and IWG, the firm announced. Now with $8.4 million total funding (6.4 million pounds) under its belt and access to […]

Ellen DeGeneres spends $27M on another SoCal mansion

Posted: 02 Feb 2019 08:00 AM PST

January hasn’t even ended yet and Ellen DeGeneres has already bought her first high-priced pad of 2019. The talk show host slash residential real estate buyer and seller spent $27 million on a Bali-inspired mansion in Montecito, according to Yolanda’s Little Black Book. Records show the deal closed Jan. 23. The property, on Santa Barbara’s Valley Road, includes an 8,000-square-foot main house and expansive backyard. There are five bedrooms, 10 bathrooms, two offices, a guesthouse, […]

Bruce Willis lists countryside estate in New York for $13M

Posted: 02 Feb 2019 07:00 AM PST

“Die Hard” actor Bruce Willis is looking to sell his countryside home in Bedford, New York to move to the West Coast. A year after selling his Central Park West apartment for $17 million, Willis listed his 22.6-acre estate for just under $13 million. The main nearly 9,000-square-foot house has five bedrooms, and in all the estate includes 12 bedrooms, according to Town & Country. The property, which overlooks the Croton Reservoir, includes four houses, […]

FAANG firms are scooping up the biggest offices left in LA. Is it too good to be true?

Posted: 02 Feb 2019 06:00 AM PST

Over the past handful of months, the tech titans of Silicon Valley have launched an all-out blitz on commercial space in Los Angeles. In October, Hudson Pacific Properties signed a deal with Netflix for the streaming giant to take the entire 13-story Epic building in Hollywood while it was still under construction. A month later, Kilroy Realty leased the entire office component of its nearby Academy on Vine project to Netflix, while it too was […]