The Real Deal - New York Real Estate News

Facing assault charges, developer sells Miami home, lists Cali properties

Posted: 19 Sep 2021 09:00 AM PDT

Developer Bill Hutchinson has sold a Miami mansion and has listed two other properties as he faces sexual assault charges. Hutchinson sold the Miami property for $10 million, according to the New York Post. The 2009-built home first hit the market last fall asking $8.2 million. He purchased the home in 2016 for $5.6 million. The mansion totals 12,000 square feet with six bedrooms and seven bathrooms. It was featured on the reality TV show

Investors sell off Chinese real estate stocks

Posted: 19 Sep 2021 06:00 AM PDT

Investors continued to sell off shares in China’s real estate companies, wary of Beijing’s ongoing effort to stabilize the sector. The Hong Kong Stock Exchange’s property index, which tracks 52 real estate companies, fell 4.9 percent on Thursday to close at its lowest level since 2017, according to the Wall Street Journal. The Chinese government began watching the property sector more closely last year as concerns mounted over some developers’ heavy debt load. China Evergrande

Robert Durst convicted of murder

Posted: 19 Sep 2021 05:39 AM PDT

Justice has finally caught up with Robert Durst. The notorious heir to the Durst real estate fortune was convicted of murder Friday by a Los Angeles jury for the execution-style shooting of his friend Susan Berman in 2000. It was one of three confirmed or suspected homicides for which the 78-year-old had long escaped responsibility. Prosecutors argued that Durst shot Berman point-blank in the back of the head because she was planning to tell police