At the Benson, a 210-foot, limestone-clad tower on the Upper East Side completed last year by the developer Naftali Group, there were 15 units, ranging from $12.75 million for a 1,770-square-foot three-bedroom to $35 million for a more than 6,600-square-foot penthouse, according to the developer. The building is sold out, […]
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By Seattle Times business reporter A New York-based real estate firm with a significant presence in Seattle is cutting jobs as the housing market cools. The brokerage Compass is laying off 84 Washington employees, plus another 187 remote workers spread across the country, according to the company and a notice […]
You might know Cristy Lee from her car expertise on the “Garage Squad,” “All Girls Garage,” and “Celebrity IOU: Joyride.” But lately, she’s broadened her skills to work on houses. On the new HGTV show “Steal This House,” Lee takes prospective homeowners—who’ve had no luck in house hunting—on a search […]
Chinese investors are shedding billions of dollars worth of American assets as once-valuable properties become financially distressed. Since the start of 2019, Chinese companies have sold $23.6B of commercial properties in the U.S., according to data from MSCI Real Assets reported by The Wall Street Journal. This represents a stark reversal […]
(Photo Illustration by The Real Deal with Getty Images and Americasroof at English Wikipedia, CC BY-SA 3.0 – via Wikimedia Commons) The turmoil in China’s real estate market is reaching the United States by way of foreign firms based in the global power retreating from commercial real estate. Chinese firms […]
Queen Elizabeth (Photo Illustration by Steven Dilakian for The Real Deal with Getty Images) Long live the Queen — or at least her real estate holdings. Queen Elizabeth, Britain’s longest-reigning monarch, died Sept. 8 at the age of 96 at Balmoral Castle in Scotland, one of several royal residences spread […]
A Black family is suing two real estate brokerages and a real estate agent after the agent refused to sell a unit to them in a new Katy condominium building, according to a federal lawsuit filed Friday in Houston. In a recording, an agent can be heard saying she cannot […]
CNBC’s Jim Cramer on Wednesday offered investors a list of five real estate investment trusts they should consider adding to their portfolios. “While most retail stocks are horrible right now … the companies that own the best retail real estate are doing just fine,” he said. Here is his list […]
If you own a home or have been interested in buying one, you are aware of the sizeable U.S. residential real estate downturn. Sales numbers are dropping to their lowest rates since 2020, but interest rates continue to rise to around 5.6%. This scenario doesn’t mean investors should look to […]
There’s a term for spending tortured hours browsing Zillow, fantasizing about houses you can never afford in places remotely distant from your own tax bracket: real estate porn. The masturbatory practice has only gotten more popular in the last few years, as the economy crashed and people fled (even if […]
Welcome back to the Real Estate newsletter. My coverage typically takes you inside of L.A.’s finest properties, but this week, we’re taking a trip beneath them. Do you know what lies below your home? Kyle Tourje probably does. He’s a structural assessor with Alpha Structural, and he spends his career […]
Americans are becoming increasingly pessimistic about the US real estate market. Sellers are holding out amid stalled prices, while mortgage rates have put many buyers’ plans on pause. The Fannie Mae Home Purchase Sentiment Index fell for the six consecutive month in August. Loading Something is loading. The real estate […]