The Real Deal New York

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  • High commission costs, competitive recruiting led to Town’s downfall: Heiberger

    By Rich Bockmann | April 21, 2018 08:42PM
    Town CEO Andrew Heiberger said it was the cost of commissions and competitive recruiting climate that led to the decision to shutter the brokerage’s resales and leasing divisions last...
  • Is Germany heading toward a housing bubble?

    April 21, 2018 02:00PM
    German home prices have climbed by about 60 percent since 2010, and the unprecedented rate of growth is stoking concerns of a housing bubble. Berlin, for example, recently came in atop a list compiled by Knight Frank in the fourth quarter of last year...
  • How do you say “second home” in Italian?

    April 21, 2018 01:00PM
    Americans are increasingly looking overseas toward Italy when it comes to buying a second home. U.S. buyers made up 11.3 percent of foreigners who inquired about buying high-end homes...
  • Chinese investment in U.S. senior housing grinds to near halt

    April 21, 2018 12:00PM
    Chinese investment in senior housing in the United States has slowed to a trickle following a $1 billion-plus buying spree over the past few years. Chinese investors haven’t made...
  • NYC’s middle class grows further apart

    April 21, 2018 11:00AM
    The rich get richer and the poor get poorer, so the saying goes. And in New York City, the upper middle class gets more upper and the lower middle...
  • Toronto developers pulling out of pre-sold condo projects

    April 21, 2018 10:00AM
    Toronto’s condominium developers are pulling the plug on projects with significant numbers of pre-sales as construction costs climb and home values continue to rise. Developers in Canada’s largest city...
  • Wellness is the newest luxury amenity

    April 21, 2018 09:00AM
    Home buying is often an emotional decision, and now it’s increasingly becoming a mindful one. Developers are tapping into the market for wellness real estate by including amenities like open-air yoga studios, medicinal gardens with calming herbs and meditation courtyards, the Wall Street Journal...
  • Listings in limbo: What’s to come for Town agents’ millions in exclusives?

    By E.B. Solomont and David Jeans | April 20, 2018 06:13PM
    Around midday on Friday, a van branded “Town Residential” pulled up to 26 Astor Place. The driver got out, unloaded bubble wrap and cardboard boxes from Home Depot, and...
  • What they’re reading now

    April 20, 2018 05:30PM
    From the April issue: Jordan Sachs CEO and Co-founder, Bold New York What are you currently reading or what have you finished most recently? “The Devil in the White City: Murder, Magic, and Madness at...