The Real Deal - New York Real Estate News

As winter nears and coronavirus infections spike in the U.S. and parts of Europe, some workers are heading for warmer, more remote climes. Those fortunate Europeans and Americans — but not ultra wealthy — are leaving cities like Paris, London and New York for locales around the Mediterranean, according to the Wall Street Journal. Besides the weather, some destinations have the added benefit of a lower cost of living. Jennifer Babin, whose employer is based

The South Korean government wants to convert empty hotels and office buildings into over 100,000 residential units over the next two years. The effort is meant to address concerns among residents about rising rents and supply shortages, according to CNBC. The government wants to create 114,000 units of one-person public housing through the program. “You all will be able to see hotels turning into affordable, high-quality, single-family homes,” said Kim Hyun-mee, minister of Land, Infrastructure

The Los Angeles house that stood in for Kris Jenner’s home on “Keeping Up With The Kardashians” is back on the market with a new, higher asking price. The 7,843-square-foot home first listed in June, asking $7.8 million; now, that ask is up to $8 million, according to the New York Post. The property has been on and off the market for the last decade. It last sold in late 2018 for $5.3 million, and