Tag Archives: real estate

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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REVEALED: Trump Paid $1.4M Settlement In Class Action Suit Over Undocumented Labor At Trump Tower

The New York Times reports: In 1980, under pressure to begin construction on what would become his signature project, Donald J. Trump employed a crew of 200 undocumented Polish workers who worked in 12-hour shifts, without gloves, hard hats or masks, to demolish the Bonwit Teller building on Fifth Avenue, where the 58-story, golden-hued Trump Tower now stands. The workers …

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Forbes: Trump Lost $600 Million In Last Year

Forbes reports: A tough New York real estate market, a costly lawsuit and an expensive presidential campaign all contributed to the declining fortune of the 45th president. After months of digging through financial disclosures and public property records and conducting dozens of interviews, Forbes now estimates POTUS’ net worth at $3.1 billion, down from $3.7 billion a year ago. He …

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REPORT: Obamas Shop For Manhattan Apartment

The New York Post reports: Former President Barack Obama and first lady Michelle are eyeing an apartment in a historic building in Manhattan, multiple sources exclusively tell Page Six. The Obamas have been looking at 10 Gracie Square on the Upper East Side, situated between East End Avenue and East River Drive and near the mayor’s residence, Gracie Mansion, according …

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How Jared Kushner’s Company Exploited A Program Meant For The Poor To Build Another Luxury Complex

The Washington Post reports: Jared Kushner and his real estate partners wanted to take advantage of a federal program in 2015 that would save them millions of dollars as they built an opulent, 50-story residential tower in this city’s booming waterfront district, just across the Hudson River from Lower Manhattan. There was just one problem: The program was designed to …

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