The Real Deal - New York Real Estate News

There isn’t much known about the man behind the rumored $262 million purchase of a 45-room mansion overlooking Hyde Park in London, other than he loves shattering real estate records. In fact, there’s more public information about Cheung Chung Kiu’s real estate dealings than just about any other part of his life, according to Bloomberg. He set a new price record in Hong Kong in 2015 when he purchased a property on the Peak for

A Kansas developer has a concept for below-market-rate housing in San Francisco, but it isn’t exactly pretty. Helsey Holdings wants to build two apartment buildings with 200-square-foot micro-apartments asking $2,000-per-month and 88 basement “sleeping pods” starting at around $1,000-per-month, according to Fast Company. For context, a one-bedroom unit in San Francisco costs on average about $3,700-per-month. Helsey’s Chris Elsey said the concept was borne from a goal to build the most affordable market-rate building possible

A misstep on Instagram has cost one of the U.K.’s most successful agents his position at Knight Frank. Daniel Daggers resigned in November and will leave Knight Frank by February after 12 years with the firm, according to Financial Times. Daggers was a partner in the company’s super-prime division, selling properties worth at least £10 million. Daggers shared a photo of a client’s London home with his 30,000 Instagram followers without the permission of the

Earlier this month, Microsoft promised to go carbon negative by 2030. It’s the first major tech company to publicly make such a pledge, setting the bar for other industry giants. Microsoft president Brad Smith earlier this month outlined a plan “to reduce and ultimately remove Microsoft’s carbon footprint” by 2050. By 2025 the company claims it will use 100 percent renewable energy and by the end of the decade will remove more carbon from the