Real Estate

Gala Asher sells spec home in La Quinta for a record $31M

The Real Deal 6/9 10:45A Steven Dilakian
Developer Gala Asher has sold a 15,900-square-foot spec home in the desert city of La Quinta for $31.8 million, a record price for the lower Coachella Valley. Chicago-based billionaire businessman Richard Chaifetz bought the six-bedroom,...

Return-to-office marks return to higher revenue for Rent the Runway (Real Estate) 6/8 10:08A Cara Eisenpress
As office employees flock back to consistent in-person work, they are digging their blazers out from their closets and clicking “buy” or “subscribe” on new dresses, blouses and heels.   To look office-appropriate, women are renting workwear from...

Oil scions sell Palm Beach mansion for $17M

The Real Deal 6/7 11:30A Kevin Cifuentes
Henry Flagler is long gone, but Palm Beach is still an island of oil money. The heirs of the family that once helmed Plymouth Oil Company sold their late parents’ Palm Beach mansion to a pair of retail executives turned island real estate...

“Held hostage” by “price-fixing,” owners sue their co-op

The Real Deal 6/7 11:14A Kevin Rebong
Two residents allege they’re being “held hostage” in their Lower East Side co-op by a “price fixing” scheme. Eleanor Stromberg and Douglas Price, 22-year residents of 577 Grand Street, twice had sales of their unit fall through. Now they have filed...

Kamini Lane reconfigures Coldwell Banker with regional presidents

The Real Deal 6/5 3:48P Kevin Rebong
After a few months as head of Coldwell Banker Realty, CEO Kamini Lane has promoted a number of new executives who will helm new streamlined regions in a national reorganization of the brokerage, TRD has learned. The revamp involves “the...

Shaun Donovan named CEO of major housing nonprofit

The Real Deal 6/5 12:18P Steven Dilakian
Shaun Donovan, a former Obama and Bloomberg administration senior official and New York City mayoral candidate, will be the next CEO and president of Enterprise Community Partners. The nonprofit, one of the nation’s largest affordable housing...

Hamptons, North Fork markets heat up

The Real Deal 6/2 12:33P Kevin Cifuentes
The residential market on Long Island’s East End bounced back last month after a sluggish April. New signed contracts grew in both the Hamptons and the North Fork, following similar gains in Manhattan and Brooklyn, according to Miller Samuel’s...

Rupert Murdoch Closes on a Central Park Co-op (Real Estate) 6/1 11:01P Vivian Marino
The $35.2 million purchase on Central Park South was among New York City’s largest sales in May. The biggest was a townhouse that sold for $41 million on the Upper East Side.

Jonathan Rose begins Hunter’s Point Shipyard project

The Real Deal 5/31 11:15A Kevin Cifuentes
Construction has begun on two affordable housing apartment buildings with a combined 112 units in the Hunter’s Point Shipyard development. The master developer of the southeastern San Francisco neighborhood, built on the site of a former Navy...
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