The Real Deal - New York Real Estate News

US industrial market hit records across several metrics in Q3

Posted: 09 Oct 2021 11:00 AM PDT

It was a record third quarter for the U.S. industrial market by just about every key metric. Vacancy fell to an all-time low of 4.1 percent on the back of a record 140 million square feet of net absorption, according to the Business Journals. Average rents reached an all-time high of $7.18 per square foot. Developers are also setting records: The 521.4 million square feet of space under construction in the quarter was the most

New York Mayor Bill de Blasio starts renovation work on Park Slope home

Posted: 09 Oct 2021 09:00 AM PDT

Outgoing New York City mayor Bill de Blasio and first lady Chirlane McCray are fixing up their post-Gracie Mansion digs. The couple’s three-story Park Slope home is getting an addition across the two bottom floors and a total renovation inside and out, according to the New York Post. They’re set to leave the mayoral mansion at the end of de Blasio’s term at the end of the year. His administration is making a push to

Vice President Kamala Harris sells DC condo for $1.9M

Posted: 09 Oct 2021 06:00 AM PDT

Vice President Kamala Harris has sold her Washington, D.C., condominium for just under asking price. But it took a minute. Harris sold her two-bedroom unit at developer Eastbanc’s Westlight complex in the West End for $1.85 million, just below the $2 million April listing, according to the Wall Street Journal. She paid $1.78 million for the property in 2017 — the same year she was sworn in as a U.S. senator for California. The condo