The Real Deal - New York Real Estate News

That’s hot: Paris Hilton’s former playpen seeks $30K monthly

Posted: 17 Mar 2019 01:00 PM PDT

A Hollywood Hills home with as much glam as its former owner, Paris Hilton, has hit the market as a rental for $30,000 monthly. Though the socialite hasn’t lived in the home for more than a decade, its new owners have retained much of the charm that made the home an infamous playground for Hilton in the early 2000s. Spanning 2,707 square feet, the residence features a stripper pole, disco balls, an enormous signed portrait […]

Chicago resi broker will have a different kind of deal to close on “The Bachelorette”

Posted: 17 Mar 2019 12:00 PM PDT

A residential broker from Chicago will be one of the suitors vying for the affection of “The Bachelorette” on the next season of the reality TV show. Dustin Kendrick of @properties’s Goose Island office was revealed as one of the competitors who’ll be trying to win “Bachelorette” Hannah Brown’s affections during Season 15 of the show, which starts May 13, according to the Chicago Tribune. The first meeting between Kendrick and Brown aired during Tuesday’s […]

Crime scene for sale: Appraiser assesses dark side of famous properties

Posted: 17 Mar 2019 11:00 AM PDT

While Southern California is used to listings that push every connection to the rich and glamorous, L.A.-based appraiser Randall Bell’s work is high profile, but often deals more with the gory and infamous. He’s known for determining the loss of value at the most iconic crime scenes and disaster sites around the world, Rolling Stone reported. Instead of Frank Sinatra’s old vacation homes, Bell appraised the most “stigmatized” properties in recent history, like the site […]

Vancouver mansions are renting at bargain prices amid correction

Posted: 17 Mar 2019 10:00 AM PDT

Vancouver’s residential market has become so fraught that hundreds of the city’s multimillion-dollar mansions are renting at prices affordable to local students. Around 800 mansions in the city are listed for rent on Craigslist — and some are renting for under $1,000 per month per bedroom, according to CTV Vancouver. For example, a $7.23 million home with eight bedrooms is renting for $7,000 a month or around $875 per room. Many have saunas, pool tables […]

Why the Dubai developer behind the Burj Khalifa is launching a digital token

Posted: 17 Mar 2019 09:00 AM PDT

One of the largest developers in the United Arab Emirates plans to launch a loyalty program powered by blockchain technology. Dubai-based Emaar Properties, which developed the Burj Khalifa skyscraper, said an initial coin offering in Europe will be considered within a year of its internal launch of its blockchain platform and community token, Arabian Business reported. Lykke, a Swiss-based online marketplace, is building the platform, which is based on the Ethereum blockchain and the ERC20 […]

Chinese regulators crack down on real estate-backed loans from pawn shops

Posted: 17 Mar 2019 08:00 AM PDT

Over the past few years, China has increasingly relied on real estate-backed loans from pawn stores. Pawn shops in the country provided $43 billion worth of loans in 2017 while the number of these stores has doubled since 2010 to more than 8,500, Bloomberg reported. Crucially, more than half the loans in 2017 were backed by real estate. Borrowers for these loans are not required to disclose how the money will be used, according to […]

Frankfurt office complex hits the market amid bullish Brexit speculation

Posted: 17 Mar 2019 07:00 AM PDT

The owners are trying to sell an office complex in Frankfurt amid speculation that Brexit will boost the value of commercial property in the German financial capital. Norway’s sovereign wealth fund and Axa Investment Managers SA want about 550 million euros ($622 million) for the Die Welle office complex in Frankfurt’s business district, Bloomberg reported. Prices for nearby office properties have increased to record levels on speculation that Brexit, or the pending exit of the […]

Everlasting listing? Odd design to promote eternal life keeps Hamptons home on the market

Posted: 17 Mar 2019 06:00 AM PDT

Real estate is often a hot commodity in the Hamptons area of Long Island, New York. But an oddly designed house in East Hampton remains unsold even though it has been on the market since 2011. The 2,700-square-foot house is painted in 40 different colors and has windows located at floor level, power outlets tilted at 45-degree angles and a cement floor covered with little hills. The property, called Bioscleave House, is a testament to […]