Tag Archives: real estate

NEW ORLEANS: Multiple Injuries In Canal Street Hotel Construction Collapse, At Least One Man Dead [VIDEO]

The New Orleans Times-Picayune reports: One person is dead and three are still missing after part of the Hard Rock hotel under construction in downtown New Orleans collapsed Saturday morning with what witnesses described as a rumble and giant cloud of dust. Multiple injuries have been reported, authorities said. One worker said about 45 people were working inside the building. …

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California Lawmakers Approve Statewide Rent Cap Bill

The New York Times reports: California lawmakers approved a statewide rent cap on Wednesday covering millions of tenants, the biggest step yet in a surge of initiatives to address an affordable-housing crunch nationwide. The bill limits annual rent increases to 5 percent after inflation and offers new barriers to eviction, providing a bit of housing security in a state with …

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Home Prices Grew 4X Faster Than Income Since 1960

From the real estate site Clever: To understand how expensive the American Dream has become — and whether it is still achievable today — we gathered Census data from 1960 to 2017 on home prices, rents, and household income. After adjusting for inflation over time, the future of the American Dream seems rather gloomy: Median home prices increased 121% nationwide …

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Manhattan Trump Tower Units Now Selling At A Loss

Bloomberg reports: Trump Tower, once the crown jewel in Donald Trump’s property empire, now ranks as one of the least desirable luxury properties in Manhattan. The 36-year-old building has been turned into a fortress since Trump won the presidency, ringed with concrete barriers and the two main entrances partially blocked off. It hasn’t been substantially updated in years. And Trump’s …

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Neverland Ranch Back On Market At 70% Discount

The New York Post reports: Michael Jackson’s sprawling Neverland Ranch has been put back on the market just days before “Leaving Neverland,” the documentary which details sexual abuse allegations against the late King of Pop, is set to air on HBO on Sunday night. Originally listed in 2015 for $100 million, the palatial 2,698 acre estate now known as Sycamore …

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Another Trump Building To Rip Down His Toxic Name

The Washington Post reports: For the second time in four months, the name “Trump Place” will come down from a New York building’s facade after condo owners at 120 Riverside Blvd. voted to have the name removed. The building’s condominium board announced the decision Thursday, according to an email to building owners. The email said that, after a vote of …

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Trump’s First Manhattan Hotel To Be Torn Down

The Associated Press reports: The building that helped Donald Trump make a name for himself in his first big deal in Manhattan is being sold to developers who plan to tear it down. Developer TF Cornerstone said Thursday that it and a group managing billionaire Michael Dell’s money have agreed to buy the Grand Hyatt New York next to Grand …

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Manhattan Penthouse Sells For US Record $238 Million

The Wall Street Journal reports: Billionaire Ken Griffin, who is becoming almost as known for his prodigious purchases as he is for his investment acumen, has closed on a New York penthouse for roughly $238 million. The deal sets a record for the highest-priced home ever sold in the U.S. The purchase is the latest in a string of record-breaking …

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Forbes: Trump Sold $35 Million In Real Estate Last Year

Forbes reports: Donald Trump sold an estimated $35 million worth of real estate while serving in the White House last year, according to a Forbes analysis of local property records and federal filings.  Although the president delegated day-to-day management of his assets to his sons Eric and Don Jr. upon taking office, he maintained ownership of his business, which continued …

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Google To Spend $1B On New West Village Campus

Talking Points Memo reports: Google today is announcing plans to invest over $1 billion in capital improvements to create a new 1.7-million-square-foot campus in Lower Manhattan, dubbed “Google Hudson Square.” As part of the New York City expansion, Google and Alphabet Chief Financial Officer Ruth Porat said in a blog post out this morning that the company “will have the …

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Another NYC Building Rips Down Its “Trump” Name

TIME Magazine reports: Residents of Trump Place on the Upper West Side of Manhattan have joined three other buildings in the neighborhood in stripping the president’s brassy five-letter name from their 46-story building in another sign that the brand is losing some of its appeal. In May, a judge ruled that the Trump Organization was wrong in asserting a contract …

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New York City Council Moves To Rein In Airbnb Hosts

Bloomberg reports: Last week, Airbnb Inc. was dealt one of its biggest blows in the company’s 10-year history. New York City council members voted to require the home-rental company to hand over the names and addresses of its hosts in the city. The officials have said they need the information to police Airbnb hosts that operate illegally and drive up …

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STUDY: San Francisco Rents Now World’s Highest

NBC News reports: Let’s face it, San Francisco is expensive. To make matters worse, a new study has now ranked the city No. 1 in the world with the highest rent and the list also includes three more Bay Area cities in the top ten: San Jose, Oakland and Berkeley. According to a study released by financial advice site Walletwyse, …

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Madonna Ordered To Stop “Harassing” Neighbors

The New York Daily News reports: A Manhattan judge has told Madonna to take a bow from her suing her co-op board. The pop star can no longer seek documents from her Central Park West co-op board explaining why they changed the rules to bar her kids from using her posh $7.3 million pad, a state supreme court judge ruled …

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Trump Org Loses Name Battle With Condo Owners

The New York Times reports: Over the opposition of lawyers for a company owned by President Donald J. Trump, State Supreme Court Judge Eileen Bransten ruled Thursday that a condominium on the Upper West Side could remove the bronze letters spelling out his name from its 46-story building. The ruling opens the door for the 377 condo owners at 200 …

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MANHATTAN: Trump Organization Demands Names Of Condo Owners Who Want His Name Off Their Building

The Washington Post reports: The condo board at a Manhattan high-rise called “Trump Place” will be in court on Thursday morning, asking a judge’s permission to take that name down off the building’s facade. Last year the board at 200 Riverside began to consider taking down its own signs — after some residents complained that the Trump name might reduce …

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Hannity’s Real Estate Dealer Was Imprisoned For Fraud

The Guardian reports: Sean Hannity’s real estate venture bought houses through a property dealer who was involved in a criminal conspiracy to fraudulently obtain foreclosed homes, according to records reviewed by the Guardian. In 2012, a shell company linked to the Fox News host bought 11 homes in Georgia that had been purchased by the dealer, Jeff Brock, following foreclosures. …

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NYC Probes Kushner’s False Real Estate Filings

The Associated Press reports: New York City’s buildings regulator launched investigations at more than a dozen Kushner Cos. properties Wednesday following an Associated Press report that the real estate developer routinely filed false paperwork claiming it had zero rent-regulated tenants in its buildings across the city. The Department of Buildings is investigating possible “illegal activity” involving applications that sought permission …

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COURT: Kushner Firms Must Disclose Ownership Deal

Politico reports: A federal judge has rejected a bid by companies connected to President Donald Trump’s son-in-law and senior adviser Jared Kushner to keep secret details in a pending lawsuit claiming that Maryland apartment complexes owned or managed by Kushner’s companies collected illegal fees from tenants. Two Kushner-linked firms caught up in the suit wanted to file details on their …

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Manhattan Trump Building Battles To Rip Down Name

The New York Times reports: Must a New York City condominium forever bear the name T-R-U-M-P in large, brasslike letters? Or can it choose to take them down in favor, perhaps, of what a majority of residents believe is a more dignified name, 200 Riverside Boulevard, its simple street address? That is the question before a State Supreme Court judge …

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