The Real Deal - New York Real Estate News

“Schitt’s Creek” hotel hits market after Primetime Emmy sweep

Posted: 04 Oct 2020 11:00 AM PDT

The Ontario, Canada, motel that appears on the hit television series “Schitt’s Creek” is going on the market. Owner Jesse Tipping said the modest lodge in Orangeville — notable for more than just its role in the series — will be up for sale in October, according to the New York Post. Tipping said it would have been on the market already if not for the coronavirus pandemic. The property appeared as the Rosebud Motel

These global cities are at biggest risk of a housing bubble

Posted: 04 Oct 2020 09:00 AM PDT

A report from UBS finds that housing markets in 18 of 25 major cities around the globe are overvalued and seven of them are bloated enough to be considered a bubble risk. All but two of the potential bubbles are in Europe, with Munich rated the riskiest, followed by Frankfurt, Toronto, Hong Kong, Paris, Amsterdam and Zurich. The risk of a bubble in four of those seven cities has either remained the same or decreased

World’s priciest skyscraper hasn’t escaped Hong Kong’s downturn

Posted: 04 Oct 2020 06:00 AM PDT

The economic downturn in Hong Kong has turned the world’s most expensive skyscraper into a headache for its owners. In 2017, a group of buyers paid $5.2 billion for Li Ka-shing’s 75 percent stake in The Center, Hong Kong’s fifth-tallest tower. While the consortium was initially able to flip floors for quick profits, it has struggled to close deals since mid-2019, when protests against mainland China started in the territory, according to Bloomberg. Now, about