Tag Archives: real estate

San Francisco’s Millennium Tower Is Literally Sinking

If it tilts any further, the elevators will become unusable. Today the New York Times picks up the story that has riveted San Francisco for months: The developers of the luxurious Millennium Tower laid out the risks and potential defects of the 58-story building in minute detail when its apartments went on sale seven years ago. The color and texture …

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TESTIMONY: Trump University Was A Scam

Not that we didn’t know this. From the New York Times: In blunt testimony revealed on Tuesday, former managers of Trump University, the for-profit school started by Donald J. Trump, portray it as an unscrupulous business that relied on high-pressure sales tactics, employed unqualified instructors, made deceptive claims and exploited vulnerable students willing to pay tens of thousands for Mr. …

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NEW YORK: AG Eric Schneiderman Says He Was Tricked About $116M Sale Of AIDS Hospice To Developer

From the New York Daily News: Attorney General Eric Schneiderman’s office says it was misled about the sale of the Rivington House Lower East Side AIDS care facility to a condo developer. State law requires court approval — with recommendations from the Attorney General’s Office and state Health Department — whenever a not-for-profit facility like Rivington House is converted into …

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MIAMI: Homocon Blogger Matt Drudge Gifts $700,000 House To Man He’s Lived With For 11 Years

From the Miami Herald: Internet aggregator Matt Drudge sure has become a generous man after 20 years as the left’s whipping boy and the conservative right’s digital voice. Drudge last week gave away half of his real estate holdings in the far south Miami suburb of Redland. Miami-Dade County property records show longtime area dweller Drudge, 49, gifted a 4,600-square-foot …

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New Record For Manhattan Apartment Prices

This news shocks no one. Via the New York Times: In Manhattan real estate, 2015 was a year for the record books, with the median price for co-ops and condos hitting a new high of $1.15 million in the final months of the year, according to reports by major real estate firms that will be released Tuesday. Strong overall sales …

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Sarah Palin Lists Her Arizona Mansion For $2.5 Million

Sarah Palin is selling her sprawling 8000-sf Arizona mansion with a listed price of $2.5 million – nearly a million more than she paid for it four years ago. The Los Angeles Times has the details: The main house is a blend of Santa Barbara, Tuscan and Spanish styles. High ceilings, chandeliers and wrought-iron railings are among interior details. A …

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Mecca To Get World’s Biggest Hotel

Via the Guardian: Four helipads will cluster around one of the largest domes in the world, like sideplates awaiting the unveiling of a momentous main course, which will be jacked up 45 storeys into the sky above the deserts of Mecca. It is the crowning feature of the holy city’s crowning glory, the superlative summit of what will be the …

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Comcast Replaces G.E. Sign On 30 Rock

A friend of mine took this photo today from his office across from 30 Rock. If you look closely you’ll see the nearly-installed Comcast name. Last June the New York Times reported on the sign change: Comcast, which last year bought General Electric’s remaining 49 percent stake in NBCUniversal, applied for a “certificate of appropriateness” from the city’s Landmarks Preservation …

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Facebook Moves Into New Office Building With Nine-Acre Park On Its Roof

From Mark Zuckerberg’s Facebook page: Today we moved into our new Facebook building in Menlo Park, California. Our goal was to create the perfect engineering space for our teams to work together. We wanted our space to create the same sense of community and connection among our teams that we try to enable with our services across the world. To …

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Matt Drudge Buys $2M Arizona Mansion

Via Gossip Extra: Internet arsonist Matt Drudge, who owns a sprawling property on the edge of The Everglades near Miami, just plunked down $1.9 million cash for a bunker-like house in the Arizona desert near Phoenix. With the purchase the web aggregator, 48, will be living part-time in the jurisdiction of civil rights-busting Sheriff Joe Arpaio, a favorite on his …

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New York City Issues Multiple Violations Over Sign At Harlem Hate Church

Via DNA Info: A city-issued violation could force the controversial Atlah Worldwide Church to take down its controversial sign — which often displays homophobic and racist messages — after multiple failed attempts by critics who tried to pressure the church to put a stop to what they called hate speech. The church on 123rd Street and Lenox Avenue — which …

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MAP: Salary Needed To Buy A Home

From the Washington Post: Here’s definitive proof that San Francisco’s real estate market is insane. HSH.com, a mortgage research site, has estimated how much salary you need to earn to afford the principal, interest, taxes and insurance payments on a median-priced home in 27 metro areas. On a national scale, a buyer who puts 20 percent down would need to …

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NEWARK: City Stresses That Real Estate Sale Is Open To Same-Sex Couples

A curious press release from the city of Newark: Newark, NJ – Mayor Ras J. Baraka, the Newark Municipal Council, and Deputy Mayor for Economic Development Baye Adofo-Wilson announced today that the City of Newark will sell municipally-owned vacant lots city-wide for $1,000 each to couples seeking to construct homes on them, in a “Valentine’s Land Sale Day.” The sale …

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Schock’s Worst Week Gets Worser

From Blue Nation Review: The month before the 2012 elections, Congressman Schock sold his house to a major Republican donor who was also one of his campaign supporters for a price that appears to far exceed the market value at the time. Ali Bahaj – then a Vice President at Caterpillar – and his wife Gloria have donated more than $45,000 …

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Architectural Digest Profiles Harlem Home Of Neil Patrick Harris & David Burtka

Via the Huffington Post: Neil Patrick Harris and David Burtka are giving Architectural Digest readers some major real estate envy, showing off their five-story Manhattan townhouse in the magazine’s March issue. The couple, who tied the knot in Italy last September, told the magazine that they began searching for a New York abode once Harris’ stint on “How I Met …

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Fire Island Business District Auctions To Manhattan Hotelier Ian Reisner For $10M

Via the New York Times: A strip of commercial real estate along the harbor in Fire Island Pines sold for $10.1 million at auction on Thursday to developers with plans to continue the revival of a former mecca for closeted gay men. The sale price was well below the $25 million the previous owners sought when they placed it on …

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NEW YORK: Dem Assembly Speaker To Be Arrested On Corruption Charges

Federal authorities are expected to arrest Democratic New York Assembly Speaker Sheldon Silver today on charges of corruption.Via the New York Times: The investigation that led to the expected charges against Mr. Silver, a Democrat from the Lower East Side of Manhattan who has served as speaker for more than two decades, began after Gov. Andrew M. Cuomo in March …

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$100M Condo Sale Sets NYC Record

Via the New York Daily News: It’s the crown jewel of ‘Billionaires’ Row.’ A palatial apartment on 57th St. has broken the record for the most expensive apartment ever sold in Manhattan. A mystery buyer dropped a staggering $100.47 million on the penthouse apartment, which occupies the entire 89th and 90th floors of One57, the high-end apartment tower overlooking Central …

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NYC Apartment Rents For $500K/Month

It’s a new record. Via the New York Observer: A full-floor rental of New York’s Pierre Hotel that was listed for $500,000 a month has found a tenant, according to the listing agents. To boot, the same renter has also reserved a separate $150,000-a-month suite for guests. Jonathan Miller, president of appraisal firm Miller Samuel, said the $500,000-a-month listing sets …

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