The Real Deal - New York Real Estate News

Steve Harvey is the new owner of a sprawling estate outside Atlanta once owned by his friend, actor and producer Tyler Perry. The comedian and TV host paid $15 million for the 17-acre property, according to TMZ. The main house is nearly 35,000 square feet with seven bedrooms and a slew of amenities. The most extravagant might be the underground ballroom. There’s also a wine cellar, gym, theater and an indoor resistance pool. The grounds

Cleveland has been one of the most profitable places to flip single-family homes as rentals in recent years. The coronavirus pandemic is likely to make it even more attractive to investors, according to the Wall Street Journal. Economic uncertainty brought on by the pandemic means it is riskier than it’s been in years to take out a mortgage. Banks tightened mortgage lending standards. Concerns about the concentrated nature of urban living appears to be fueling

Vatican officials last week arrested a man who appears to be at the center of a U.K. real estate scandal that has been a thorn in the side of the Holy See for two years. Vatican police arrested Italian businessman Gianluigi Torzi for what they called “extortion, embezzlement, aggravated fraud, and self laundering.” While Vatican officials have suggested that any misconduct related to the property sale was limited to now-suspended lower-tier Church officials, documents now