The Real Deal - New York Real Estate News

Court blocks Lake Tahoe resort expansion over environmental issues

Posted: 28 Aug 2021 11:00 AM PDT

A California appeals court blocked a long-planned expansion of Squaw Valley Ski Resort over environmental concerns. The development would have 850 residential units and hotel rooms on the resort’s parking lot, and would include a 90,000-square-foot entertainment center and water park. The three-judge panel granted parts of two appeals filed by Sierra Watch over developer and resort owner Alterra Mountain’s project, according to the Los Angeles Times. The decision reverses a lower court ruling from

Cash buyers snatch a third of US home sales

Posted: 28 Aug 2021 09:00 AM PDT

Single-family home in Buffalo or Detroit More and more homebuyers and investors are coming to the negotiating table and closing deals with cash in hand. A third of all U.S. single-family homes and condominiums sold in the second quarter were purchased with cash, up from 20.6 percent a year prior. It was the highest percentage since the first quarter of 2015, according to L.A. Biz. In a number of states and cities, cash accounted for

Basketball legend Bill Russell asks $2.6M for Seattle home

Posted: 28 Aug 2021 06:00 AM PDT

The Seattle Supersonics are long gone, but the house of its most famous coach is still around — and is now for sale. Basketball Hall of Famer Bill Russell has listed the modest Seattle spread for $2.6 million. The former NBA player and coach bought the property when he coached the Supersonics in the mid-1970s, according to the Los Angeles Times. The team later became the Oklahoma City Thunder. The property is outside the city