The Real Deal - New York Real Estate News

Aspen home with oxygen-pumping system hits market for $49M

Posted: 12 Jul 2020 11:00 AM PDT

Got $49 million to spare, love Aspen, but sick of all that altitude sickness? There’s a solution for you. A custom-built, 15,000-square-foot mansion in the chic Colorado ski town has hit the market for $49 million and it’s got quite a suite of luxe amenities, according to the Wall Street Journal. That includes a system that pumps oxygen into the master bedroom so occupants can literally breathe a little easier at high altitude. The home

Foreign firms are vacating Hong Kong offices like never before

Posted: 12 Jul 2020 09:00 AM PDT

Foreign companies are vacating Hong Kong offices at a blistering pace. Multinational companies vacated 61 percent of the 577,000 square feet of office space that was vacated in the second quarter, according to Bloomberg. That’s compared to a 47 percent share of surrenders in the first quarter. Total surrenders jumped 55 percent from the first quarter to the second quarter. Total availability — vacant space combined with space that will become available within 12 months

Lisbon might have solved its Airbnb problem

Posted: 12 Jul 2020 06:00 AM PDT

The city of Lisbon launched a program this spring to get vacant short-term rental units back onto the long-term rental market, and landlords appear to be taking them up on it. The Portuguese capital is encouraging landlords to rent long-term by essentially taking on all of the risk of being a landlord for them, according to Bloomberg. If a landlord is approved for the Renda Segura, the city rents the unit themselves. Landlords apply to