The Real Deal - New York Real Estate News

Chappelle helps kill “half-baked” Ohio affordable housing project

Posted: 13 Feb 2022 11:30 AM PST

It’s rare that an affordable housing project brings an Emmy- and Grammy-winning satirist out of the woodwork — save one in an Ohio town of fewer than 4,000. Comedian Dave Chappelle spoke out against a project with an affordable component in his town of Yellow Springs, Ohio, according to the Dayton Daily News and multiple other outlets. The city council ultimately approved the project by developer Oberer Homes — without the affordable component. Chappelle, whose

Stamford’s biggest developer under fire after partial building failures

Posted: 13 Feb 2022 11:00 AM PST

A pool patio collapsed into a high-rise garage. A sinking foundation forced residents to flee. An uncovered outdoor pool froze and cracked. Building & Land Technology, the largest developer in Stamford, Connecticut is under fire as residents warn of safety issues, the CT Examiner reported. City officials plan to discuss the failures in a land-use committee meeting this month. Mayor Caroline Simmons ordered city engineers to contract with an outside firm for an independent investigation.

Jon Bon Jovi looks to get $22M for Greenwich Village condo

Posted: 13 Feb 2022 10:25 AM PST

Wanted, dead or alive: a buyer of a Greenwich Village condo who’s willing to pay upwards of $22 million for the privilege of living in a home owned by rocker Jon Bon Jovi. According to the Wall Street Journal, the 59-year-old “You Give Love a Bad Name” singer, who also has homes in the Hamptons, Palm Beach, and, of course, Middletown, New Jersey, has listed the four-bedroom condo on Greenwich Lane just a few years

Connecticut co-housing plan goes kaput

Posted: 13 Feb 2022 08:48 AM PST

They probably should have stuck with the pros. The New York Times is reporting some of those who bought into a plan to turn an old farm in Bethany, Connecticut just outside of New Haven into a utopia where residents live and grow crops together are out more than $100,000 each after plans to create the state’s first co-housing community went bust. The plan, the seeds of which were planted more than a decade ago,

Zillow reports $880M loss on failed home-flipping business

Posted: 13 Feb 2022 07:20 AM PST

Listings giant Zillow lost more than $880 million on its failed home-flipping business in 2021, the company reported late last week. According to the Wall Street Journal, the otherwise profitable home-listing and real estate advertising company ended up losing nearly $530 million overall, with the bulk of the losses coming from its since shut-down Zillow Offers, which was responsible for the majority of Zillow’s income — $6 billion of ithe $8.1 billion it generated — but