Former Rockets owner Leslie Alexander sells a property in Houston
In Houston, longtime Rockets owner Leslie Alexander has sold a quarter-acre plot of land with a patio and swimming pool for $1.34 million. …
Downtown Brooklyn condo was borough’s priciest contract last week
A condo in Downtown Brooklyn was the priciest residential deal to go into contract in the borough last week. The four-bedroom unit at 11 Hoyt Street went for $5.6 million. It spans 3,277 square feet. Overall,…
No house flippers allowed: East NY residents push for ban
East New York residents and community leaders are pushing to ban house flippers from their neighborhood, trying to end the speculative investment play that has grown in popularity and led to rising prices. The New York…
WeWork likely to sell Managed by Q to rival company Eden
Talks for WeWork to sell back the startup Managed by Q to its co-founder have fallen through, and WeWork is now more likely to sell the firm to a competitor. Managed by Q co-founder Dan Teran…
Gene Autry’s widow sells Riverside County horse ranch for $550,000
Former Angels owner Jackie Autry just sold her 88-acre horse ranch in the rural community of Anza for $550,000. …
J. Christopher Flowers nears deal for $50M UES co-op
Financier J. Christopher Flowers is in contract to buy an apartment for about $50 million on Manhattan’s Upper East Side. The apartment spans about 7,500 square feet and occupies an entire floor of the co-op building,…
Fortress buys debt on troubled 125 Greenwich
A SoftBank-owned investment firm has purchased the defaulted mortgage on the troubled luxury condo tower 125 Greenwich Street. Fortress Investment Group bought the mortgage for about $230 million from the investment firm BH3, according to the…
Pols shunning real estate donations welcome casino giant’s cash
A quiet push for casinos in New York City is intensifying ahead of a highly anticipated gambling-market report and a deadline to close a yawning state budget deficit. The state has a casino-license moratorium — imposed…
$2.4 Million Homes in California
A Spanish-style house in Los Angeles, a Modernist landmark in Palm Springs and a renovated 1923 home in San Francisco….
Vacant Hospitals Help Address Ills Of Limited Affordable Senior Housing
Hospitals are increasingly being turned into apartments, but in the Chicago area, two older hospitals are being transformed into affordable housing for those needing it most, low-income seniors. …
WeWork taps oil exec as new CFO
WeWork has named Kimberly Ross as its new chief financial officer, the company announced on Monday. Ross, most recently vice president and CFO at Baker Hughes, will start at WeWork on March 16. She previously held…
Creating A Positive Real Estate Development Customer Experience In The Social Media Age
The current digitally driven business and economic landscape offers an open channel to prospects and improved ROI for real estate developers seeking capital. …
How A Real Estate Agent Can Change The World
How are you going to change your business so you can change the world today? …
Everything You Need To Know About Automated Valuation Models (AVMs) In Real Estate
Appraisers, investors and lenders can leverage AVMs to get a more accurate value for their property of interest. …
Hines CEO talks coronavirus, Opportunity Zones and WeWork
Coronavirus and its impact on the real estate industry were top of mind at the University of Miami’s Real Estate Impact Conference. During a session on development opportunities with Hines executives, Hines President and CEO Jeff…
What You Should Know If You’re Considering Investing In Mobile Home Parks
Mobile home parks (a.k.a. manufactured housing communities) have become a darling of private equity over the past few years. …
Three Things To Know Before Investing In Opportunity Zones
Investors can look to opportunity zones for a promising way to advance communities forward while also boosting return on investments. …
Bronx multifamily deal leads New York’s mid-market investment sales
There were a pair of deals last week for New York’s mid-market buildings: one for a multifamily building in the Bronx and one for a townhouse in Manhattan. Here are the details: 1. A Yonkers-based LLC…
Recent Drop In Mortgage Rates Might Not Be The Last, Experts Say
Mortgage rates averaged 3.45% last week, but by Friday? They had dropped even more. And according to experts, the decline probably isn’t over just yet. …
The Most Expensive Countries To Live In 2020: Europeans At The Top With Switzerland First
Nine countries in Europe have made it to the list of the 20 most expensive in the world to live in. …
