The Real Deal - New York Real Estate News

Durst’s $2B Philly waterfront redevelopment project approved

Posted: 12 Sep 2020 11:00 AM PDT

The Durst Organization’s $2.2 billion riverfront redevelopment plan in Philadelphia has beaten out a competing proposal by the Philadelphia 76ers to build a new stadium. The Delaware River Waterfront Corporation approved Durst’s 12-tower project on the Penn’s Landing property, according to the Philadelphia Inquirer. The Durst redevelopment project includes a total 3.5 million square feet of new mixed-use space. The north site will include 1,800 residential units and 94,000 square feet of office space. It

Singapore’s housing market storms back

Posted: 12 Sep 2020 09:00 AM PDT

Singapore’s residential market rebounded in the second quarter, reversing a sharp downturn brought on by the pandemic. The recovery accelerated in June as new sales hit 998 units, nearly doubling the total from the month before, according to World Property Journal, citing data from real estate consulting firm Edmund Tie. The trend kept going into the third quarter, as July figures reached 1,080 home sales, the highest number since November 2019, according to the report.

Shaq lists Shaq-sized Orlando estate for $20M

Posted: 12 Sep 2020 06:00 AM PDT

NBA Hall of Famer Shaquille O’Neal has listed his Shaq-sized mansion outside Orlando for $19.5 million. It’s the second time the four-acre lakefront estate has been on the market since 2018, when O’Neal asked $28 million for the property, according to Variety. Later that year he cut the ask to $21.9 million. Shaq bought the then-23,000-square-foot mansion in 1993 during his rookie year in the NBA with the Orlando Magic. He expanded the Neo-colonial mansion