The Real Deal - New York Real Estate News

One of modernist architect Richard Neutra’s most famous homes is hitting the market in Palm Springs. The Kaufmann Desert House, located at 470 West Vista Chino in Palm Springs, has listed for $25 million, the Wall Street Journal reported. The home was built in 1946 for Edgar J. Kaufmann, the department store magnate who also happened to be a huge fan of modern architecture. (He also commissioned Frank Lloyd Wright’s Fallingwater.) Gerard Bisignano of Vista

Got an old Billy bookcase or Poang chair to get rid of? Good news: Ikea will take them back, no questions asked. The Swedish giant will begin a buy back program on November 24 to coincide with what is traditionally Black Friday in the U.S. retail market, Reuters reported. Customers who sell furniture back to the company will get a voucher to use in the future, with the value based on the condition of the

Rents are free-falling in the country’s most expensive market. The median monthly rate for a studio in San Francisco in September was $2,285 per month, Bloomberg reported, citing data from Realtor.com. That’s 31 percent lower than it was a year prior. In comparison, rents fell about 0.5 percent nationally. Median rents for one-bedroom units were down about a quarter year-over-year, while two-bedrooms dropped in price by 21 percent, according to Realtor.com. Santa Clara and San