The Real Deal - New York Real Estate News

Brooklyn and Queens may be tired of playing second fiddle to Manhattan, but they do benefit from its spillover when office leasing on the island is hot. In 2021, it surely wasn’t. Not surprisingly, the story was similar in the outer boroughs. Using data provided by Newmark, The Real Deal ranked the 10 biggest Brooklyn and Queens office leases by square footage. The two most populous boroughs couldn’t escape the work-from-home drag: Only three of

Charge it! More money was borrowed to buy homes by Americans in 2021 than ever before. The Wall Street Journal is reporting that mortgage lenders handed out more than $1.6 trillion in loans in 2021, beating the record of $1.15 trillion set in 2005, and topping the $1.5 trillion lent in 2020. The paper says the boom is reflective of the flourishing housing market along with the uptick in prices during the last year, driven

A little more than a year after the bombing of a stretch of Second Avenue in Downtown Nashville by a man tangled up in conspiracy theories, the leadership there is hoping to transform the area into a G-rated paradise. The New York Times is reporting civic leaders there hope to counter the area’s boisterous districts — which can be as loud and crowded as Manhattan’s Times Square — with a walkable gateway to the nearby

A nearly $7 million townhouse in Murray Hill has been turned into a “members only” club by “squatters” hosting prostitution, poker games and after-hours parties, according to published reports. The New York Post says neighbors have been complaining about crowds, pot smoke and loud music emanating from the five-bedroom apartment in the East 36th Street building just off Park Avenue for more than a year. And a man who lives in the building’s other apartment

Former NHL goalie Patrick Dovigi punched another notch in his Aspen ski belt. Dovigi, a onetime Edmonton Oiler, bought a $44.5 million six-bedroom home on 3.5 acres, according to the Wall Street Journal. It’s a 10-minute walk from the one he purchased in June for a record $72.5 million. His new home has a pool, spa and – naturally – views of the slopes. The founder and CEO of Canada-based Green for Life Environmental ditched

Braemar Hotels & Resorts is buying a boutique hotel in Puerto Rico, where billionaire John Palson is seeking to sell the two hotels he bought in 2014. The Dallas-based hotel real estate investment trust is paying $186.6 million, or $1.9 million for each of the 96 rooms at the Dorado Beach hotel, according to the Dallas Morning News. The deal includes the management of the 14 luxury residential units next door, and is set to

For all of Mark Zuckerberg’s talk about the metaverse, he’s got a thing about real-world property too. Zuckerberg and wife, Priscilla Chan, paid $17 million last month for 110 acres of agricultural land on Kauai, bringing their total Hawaii property holdings to more than 1,400 acres, the Honolulu Star-Advertiser reported. It includes most of the 131-year-old Ka Loko Reservoir, which unleashed a deadly flood after bursting in 2006, the Star-Advertiser said. The purchase gives the