The Real Deal - New York Real Estate News

Some 40 million US homes at risk from extreme 2022 weather

Posted: 25 Jun 2022 12:00 PM PDT

A more extreme hurricane season than normal could inflict trillions of dollars of reconstruction cost on some 40 million U.S. homes, mostly in New York, Miami and the Gulf Coast. As many as 21 named storms, including 10 hurricanes, could hit the nation this year, property analytics firm CoreLogic said in its annual report, citing a forecast for the June-November hurricane season from the National Oceanic and Atmospheric Administration. The report analyzed hurricane, storm surge

Mammoth Maui cattle ranch hits market for $75M

Posted: 25 Jun 2022 11:11 AM PDT

Talk about surf and turf! A 3,600-acre cattle ranch on the shores of Maui is hitting the market for $75 million — making it the largest piece of land for sale in the tropical state. The Wall Street Journal is reporting that the property, known as Hana Ranch, is on the island’s eastern coast and is adjacent to nearly 100 acres of undeveloped land owned by media mogul Oprah Winfrey. A working ranch with more

Life Time Group to manage 120,000 square feet of amenities at Brooklyn’s +1,000-foot tower

Posted: 25 Jun 2022 10:00 AM PDT

New York City’s tallest building outside Manhattan will have plenty of space to work out — and stretch out. The New York Post is reporting the more than 1,000-foot-tall Brooklyn Tower that has recently began selling units has leased its more than two football fields worth of amenities space to Life Time Group Holdings, which will manage the pools, gyms and co-working spaces in the building. Long Island’s (yes, Brooklyn is located there) tallest tower,

City dwellers who fled during pandemic didn’t move far away

Posted: 25 Jun 2022 09:00 AM PDT

Remember those pandemic-era tales of people fleeing cities to work at home in more agreeable surroundings? Turns out, they didn’t go far. While a full return to office remains a distant prospect in cities like Chicago, New York and San Francisco, workers who left highly populated areas either stayed close to the city or just moved to another neighborhood, according to foot traffic analytics firm Placer.ai. “Many assumed that there would be mass exoduses from

Moody’s chief economist says housing correction — but not crash — is on the way

Posted: 25 Jun 2022 08:05 AM PDT

Much higher mortgage rates will lead to lower housing prices in “juiced” markets such as Phoenix and Tucson in Arizona, the Carolinas, northeast Florida, and Boise, Idaho, but won’t end up crashing prices overall, a top economist predicted this week. Bloomberg is reporting that Mark Zandi, chief economist at Moody’s, made the prognosis during a housing policy summit in Washington, D.C. where he said a lack of mortgage defaults and distressed sales would keep prices