Real Estate

Bon Jovi’s old condo sells at a $7.5M loss

The Real Deal 7/19 3:05A Kevin Rebong
The owner of a duplex condo that once belonged to Jon Bon Jovi just took a steep loss on the unit. Ivar Mitchell, a managing director at Andlinger and Company, sold the apartment at 583 Broadway for $26.5 million, according to New York City...

Perchwell strikes deal with Toll Brothers, marking first developer client

The Real Deal 7/19 2:00A Kerry Barger
Perchwell — the analytics and listings management firm that’s brought on brokerage clients like Sotheby’s International Realty and CORE — has struck its first developer deal. Toll Brothers City Living has signed on to use the startup’s platform...

Chinese investors want their money back.

The Real Deal 7/19 1:30A Kevin Rebong
UPDATED, Jun. 19, 12:18 p.m.: When eager Chinese citizens invested in the Times Square Edition Hotel through the EB-5 visa program roughly four years ago, they expected to secure green cards within five years. But the controversial program, which...

Village wants protections, not 'downzoning,' to accompany tech hub (Real Estate) 7/19 12:19A
To the editor: Facts be damned in Greg David s bid to discredit any perspective other than build baby build on development plans in New York City, even when they involve giving... To view the full story, click the title link.

Airbnb is financing a user's lawsuit against the city (Real Estate) 7/18 11:42A Bloomberg News
Airbnb Inc. is taking a page from the Peter Thiel playbook. The home-rental company is providing financial support for a lawsuit brought by one of its hosts against New York City, as the startup... To view the full story, click the title link.

Behind Airbnb’s latest tactic in City Council showdown

The Real Deal 7/18 8:00A Kevin Rebong
When the New York City Council votes today to force Airbnb to disclose information on every one of its New York City listings or face $25,000 fines for each, the $31 billion unicorn will take a heavy punch to the gut. But it s already found a new...

NYC real estate gave $733K to Cuomo in first half of 2018

The Real Deal 7/17 11:00A Kevin Rebong
Donors from New York City s real estate industry contributed more than $733,000 to the re-election campaign of Gov. Andrew Cuomo in the first half of 2018, an analysis of state contributions data by The Real Deal found. That s down from the more...

StreetEasy launches “My Agent” — with notable disclosures

The Real Deal 7/16 7:21A Kevin Rebong
StreetEasy is letting Premier Agents in New York City double down on the lucrative advertising program. The Zillow-owned portal is rolling out “My Agent,” an optional feature that lets buyers continue working with agents they’ve already contacted...

Soundview multifamily project receives third-biggest Bronx loan of 2018

The Real Deal 7/16 6:50A Kevin Rebong
Azimuth Development Group has landed about $107 million in financing from the city for a multifamily development in the Bronx, in what appears to be the third-largest loan the borough has seen so far this year. The developer is using the money...

Give life sciences space and watch it boom (Real Estate) 7/16 12:38A Mitchel W. SimplerNancy J. Kelle
With tech startups and the world s best scientific and medical-research universities, New York City has long been at the crossroads of technology, science and medicine. Workers in pharma,... To view the full story, click the title link.
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