The Real Deal | New York Real Estate News

Delshah’s distressed debt strategy hits a road bump as court dismisses two foreclosure suits

From left: Jack Terzi, Michael Shah and 31 East 28th Street (Credit: Google Maps)

Hyatt is doubling down on boutique "lifestyle hotels"

Gwyneth Paltrow's got some real estate advice: Buy a village in Spain for less than a NYC condo

Property Markets Group's Kevin Maloney (left) and JDS Development's Michael Stern with an interior rendering of 111 West 57th Street (Credit: Getty Images)

$58M penthouse at 111 West 57th goes into contract

This Bel Air megamansion is on the market — for $1.5M a month

Most Recent

Las Vegas bets on Elon Musk to create underground transit system for its convention center

May 26, 2019 04:00PM

TRD NATIONAL

Billionaire Elon Musk finally may build a commercial tunnel if his Boring Co. completes an underground transit system for...
Party politics: Huge event-ready house in D.C. area is headed for auction

May 26, 2019 03:00PM

TRD NATIONAL

A mammoth house made for lobbyist-level entertaining in the Washington, D.C., area is headed for auction. A live on-site...
In the shadow of Silicon Valley’s tech boom, thousands of Bay Area residents live in RVs

May 26, 2019 02:00PM

TRD NATIONAL

The tech boom in Silicon Valley has made housing too expensive for thousands of people in San Francisco and...
Pot-related development is primed to take off in Illinois. So where are the investors?

By Joe Ward | May 26, 2019 01:00PM

TRD CHICAGO

Marijuana-related industrial market is primed to take off in Illinois, if only capital investors and lenders would get on...
Privately-funded space race sparks economic liftoff for this Florida town

May 26, 2019 12:00PM

TRD NATIONAL

As billionaires Jeff Bezos and Elon Musk compete in launching rockets to outer space, they are fueling a revival...
How Opendoor founder Eric Wu got started in real estate

May 26, 2019 11:00AM

TRD NATIONAL

Eric Wu, founder of the real estate start-up Opendoor that lets users buy and sell their homes online, first...
Creator of ‘CSI’ puts a twist on his Malibu listing, upping the asking price

May 26, 2019 10:00AM

TRD LOS ANGELES

Usually, a prospective seller will discount their home if it sits on the market for a year. Not television...
Stephen Ross says criticism of Hudson Yards reflects anti-business sentiment in NYC

May 26, 2019 09:00AM

Stephen Ross said critics of his mixed-use Hudson Yards development in Manhattan are sending the same anti-business message that encouraged Amazon to drop its plan to open a major...
Why rich Brazilians are scooping up property in Portugal

May 25, 2019 04:00PM

TRD NATIONAL

Brazilian multimillionaire Ricardo Bellino lived more than 10 years in Miami before relocating to Portugal, which has emerged as...

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Chicago activist lambasted greedy developers for years. What happens now that he’s in charge?

By Alex Nitkin | May 25, 2019 03:00PM

TRD CHICAGO

About three dozen Chicago real estate bigwigs and other business leaders gathered at the Soho House in Fulton Market last month to talk about the political vise that seemed...

Former home of hitman, Capone associate “Machine Gun” McGurn hits market

May 25, 2019 02:00PM

TRD NATIONAL

The one-time home of notorious Chicago mobster “Machine Gun” Jack McGurn, an alleged mastermind of the 1929 St. Valentine’s...
Maryland pension cuts REITs out of portfolio

May 25, 2019 01:00PM

TRD NATIONAL

Managers of the $52.7-billion fund announced last year that they would review its strategy regarding allocations to two REITs...

This Bel Air megamansion is on the market — for $1.5M a month

May 25, 2019 12:00PM

TRD LOS ANGELES

Amid a widespread decline in Los Angeles’ high-end residential housing market, a celebrity surgeon-turned-spec developer is ready to sell his massive Bel Air mansion project at a big price...
Gwyneth Paltrow’s got some real estate advice: Buy a village in Spain for less than a NYC condo

May 25, 2019 11:26AM

TRD NATIONAL

Entire villages are hitting the market in Spain and actress-turned-wellness guru Gwyneth Paltrow wants you to buy one. Prices...

Erasing history? Frank Lloyd Wright-designed home staring down demolition

May 25, 2019 10:00AM

TRD CHICAGO

A suburban cottage designed by Frank Lloyd Wright may be nearing a date with the wrecking ball. Weeks after the Sherman Booth Cottage sold to an unknown buyer for...
Hyatt is doubling down on boutique “lifestyle hotels”

May 25, 2019 09:30AM

TRD NATIONAL

The days of one-brand hotel chains are fast disappearing, as the hospitality conglomerates double down on lifestyle and boutique...
Mark your calendars: These are NYC’s top real estate events next week

May 24, 2019 05:00PM

Next week brings another group of real estate events! On May 29, ULI New York is holding an event on Population Trends and How They Impact The Way We...
An inside look at the Hamptons’ new hotspots this summer

By Edward Williams | May 24, 2019 04:00PM

TRD ISSUE

When weekenders descend on the Hamptons at the end of May, they will no doubt notice lots of new...
Delshah’s distressed debt strategy hits a road bump as court dismisses two foreclosure suits

By Kevin Sun | May 24, 2019 03:30PM

You win some, you lose some. Michael Shah’s Delshah Capital, which made a series of distressed-debt plays in the summer of 2017, saw two of them fall through this...
Across the US, new home sales keep falling

May 24, 2019 03:00PM

TRD NATIONAL

Sales of new homes nationwide dropped in April by their largest monthly percentage this year, with the results coming amid rising inventory and prices. Sales for those homes dropped 6.9 percent last month to...

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