Real Estate

Recent Commercial Real Estate Transactions

<b>RECENT SALE</b><p>$10.7 <b>MILLION</b><p>16 East 82nd Street (between Fifth and Madison Avenues)<p>Manhattan<p>An overseas investor has bought this 25-foot-wide, 9,468-square-foot five-story townhouse built in the Queen Anne style by Edward Kilpatrick in 1888. Its four free-market apartments are vacant, while the other …

Business

Ivanka Trump Drops Rent at Manhattan Apartment by 30% Since Election

The asking price to rent a Manhattan apartment owned by Ivanka Trump has dropped by 30 percent since her father was elected president.<p>The …

Business

Who Draws Up the Purchase Agreement for a Home That Is For Sale by Owner?

The seller's agent is typically the person who draws up a purchase agreement, but what happens if the home is for sale by owner (FSBO) and the seller …

Personal Finance

Home not selling? Here's 10 ways you're turning off prospective buyers

Economists have called 2017 a seller’s market. Still, that hasn’t stopped thousands of houses from sitting unsold for months, without so much as a whisper of an offer.<p>While the biggest mistake sellers make is overpricing, there are dozens of other off-putting things they can be guilty of. A seller …

Home Staging

Real estate: High home prices may be hitting their limit

There is so much demand for housing and so few homes for sale that prices have nowhere to go but up — unless, of course, they get so high that potential buyers have no choice but to back away. That may be what is happening now.<p>After hitting a peak in March of this year, price gains month-to-month …

Business

L.A.-area home prices climb again, slightly faster than the nationwide rise

Home prices kept climbing in California’s major urban areas in July, said a key real estate index released Tuesday.<p>Prices in Los Angeles and Orange counties were up 6.1% compared with a year earlier, according to the S&P CoreLogic Case-Shiller Indices. That’s a steeper increase than nationwide …

House Prices

Jersey City’s ‘ultra luxury’ Park and Shore condos launch sales from $695K

It’s the first condo development to launch sales in Newport in nearly a decade<p>The first condo development in the Jersey City neighborhood of Newport in almost a decade has launched sales. The 429 condos of Park and Shore bring New York City-priced apartments to a place long held onto as a respite …

Jersey City

100 acres of undeveloped land above Beverly Hills now up for sale

Asking price? $250 million<p>Here’s a real estate opportunity you don’t see every day. A total of 97 acres of undeveloped land within the 90210 zip code is looking for a buyer—and it comes with plans for an enormous megamansion that, if built, would be among the largest residences in Los Angeles.<p>How …

Los Angeles

Analysis: Economist warns that housing markets buyers face increasing troubles

From a broad view, the U.S. housing market looks very healthy. Demand is high, employment and wages are growing, and mortgage rates are low.<p>But the nation's housing market is assuredly unhealthy; in fact, it is increasingly mismatched with today's buyers. While the big numbers don't lie, they don't …

Business

Home Prices in 20 U.S. Cities Increase More Than Forecast

Home prices in 20 U.S. cities climbed more than forecast in July, reflects solid demand against a backdrop of modest listings of properties, figures …

Business

Sorry to burst your bubble, but owning a home won’t fund your retirement

A disturbing number of people are building their retirement plans on a weak foundation – their homes.<p>Years of strong price gains in some cities have convinced some people that real estate is the best vehicle for building wealth, ahead of stocks, bonds and funds. Perhaps inevitably, there's now a …

Retirement

Alec Baldwin expands his Manhattan real estate empire

When Emmy Award-winning actor Alec Baldwin isn’t busy spoofing President Donald Trump on Saturday Night Live, he returns to his other obsession: real …

Alec Baldwin

Home Prices Rose Again In July With The Pacific Northwest Seeing The Biggest Gains

Home prices continue to climb higher across the United States.<p>The latest S&P/Case-Shiller U.S. National Home Price Index shows a 5.9% annual gain for July. The rise beat economists’ expectations and was higher than June’s 5.8% bump.<p>“While home prices continue to rise, other housing indicators may …

Business

The Full Employment Enigma, Housing Version

For the second consecutive month, the Census Bureau estimates that sales of newly constructed homes fell year over year as well as month over month. …

Business

Actor Jim Belushi Lists Los Angeles Villa for $38.5 Million

Actor Jim Belushi is listing his Italian-style villa in Los Angeles for $38.5 million.<p>Last year Mr. Belushi said he asked real-estate agent David Offer of Berkshire Hathaway HomeServices in Brentwood to “whisper list” the property for $42 million. Mr. Offer said he tried to generate interest via …

Los Angeles

Jon Bon Jovi Just Bought This $19M Greenwich Village Apartment. Take a Look Inside

The rock star now has his own 44-square-foot private terrace<p>Jon Bon Jovi just purchased a luxurious $18.84 million apartment in New York City's …

Greenwich Village

After 4 Years on the Market, 'Money Pit' Mansion Still Looking for Bold Buyer

The 1986 film "The Money Pit" still serves as a cautionary tale about the dangers of buying a dirt-cheap, dilapidated fixer-upper. While the movie …

Business

$742,000 is the new median home price in Bay Area: Here's what that buys you

The Bay Area's notoriously high home prices continue to soar.<p>The median price paid for a Bay Area home in August was $742,00o, up 11.6 percent from $665,000 in August 2016, real estate information service CoreLogic said Friday in its monthly market report.<p>This marks the biggest year-over-year gain …

San Mateo County

Sales of new US homes fell 3.4 percent in August

WASHINGTON (AP) — Sales of new U.S. homes slumped 3.4 percent in August, the second straight monthly decline.<p>The Commerce Department said Tuesday that sales dropped to a seasonally adjusted annual rate of 560,000. This followed a 5.5 percent decline in July. Still, sales gains earlier this year …

Business

Too many homebuyers and not enough homes

Across the Charles River from Boston is Cambridge, one of those places where people can't seem to buy enough real estate. No matter what size or …

FEMA

Cindy Crawford Buys $11.6 Million Mansion in One of the World's Most Luxurious Neighborhoods

The supermodel and her hubby are moving into this picture perfect home.<p>Cindy Crawford and her husband Rande Gerber just bought a five-bedroom, six-bathroom home in the luxurious Trousdale section of Beverly Hills, California, where stars including Jane Fonda, Elvis Presley and Courtney Cox have all …

Cindy Crawford

‘Fixer Upper’ To End After Fifth Season On HGTV | Deadline

HGTV’s highest-rated series <i>Fixer Upper</i> will wrap after its fifth season.<p>The show’s stars Joanna and Chip Gaines confirmed Tuesday on their …

TV

For the Creative Director of Shinola, a Place to Unplug

Daniel Caudill and Tyler Rink were visiting friends in Northport, Mich., when their hosts took them to see a piece of land they planned to sell. The group meandered past cherry and apple orchards before arriving at a windswept, forested cliff, from which they could see the crashing azure waters of …

Houses

Apartment Vacancies Hit Five-Year High

The apartment market in the U.S. remained sluggish in the third quarter as the vacancy rate climbed to its highest level in five years.<p>In all, apartment vacancy rates increased in 50 of 79 metropolitan areas, with many major cities experiencing high levels of construction that outstripped demand, …

Markets

Curbed Comparisons: What $999K buys you around LA

A swanky Marina del Rey condo or a traditional three-bedroom in Glendale?<p><i>Welcome to</i> <i>Curbed Comparisons</i><i>, where we explore what you can rent or buy for a certain dollar amount in various LA 'hoods. We've found five homes and condos within $10,000 of today’s price: $1 million.</i><p>↑ This two-bedroom condo …

Los Angeles

Historic Georgia Quail-Hunting Estate Seeks $25 Million

A Georgia quail-hunting estate that has been owned by the descendants of one of the founders of Western Union for well over a century is seeking $25 million.<p>Called Millpond Plantation, the property is on the National Register of Historic Places. It covers 3,267 acres in Thomasville and includes a …

Should You Rent or Buy a Home?

Rental property is more popular than ever. Is it the right fit for you?<p>Homeownership was once the cornerstone of the American Dream, but times are …

Home

Sad That ‘Fixer Upper’ Is Ending? Here’s How You Can Rent a Home From the Show

Chip and Joanna Gaines of HGTV's <i>Fixer Upper</i> announced Tuesday that their show would end after the upcoming fifth season. But <i>Fixer Upper</i> fans can …

Houses

U.S. home prices jumped in July even as sales level off

WASHINGTON — U.S. home prices climbed steadily in July even as sales slowed, evidence that a supply shortage of houses for sale is distorting the real estate market.<p>The Standard & Poor's CoreLogic Case-Shiller national home price index rose 5.9% in July from a year earlier, slightly faster than …

Business

Independence Realty closes four property purchases

The acquisition of these four apartment communities totaling 917 units is part of a previously-announced nine-property portfolio purchase.<p>IRT expects …

Business