A report from the Wall Street Journal on New York. "Manhattan’s pulverized condominium market is opening the door for investors willing to buy individual apartments wholesale. Developers under financial strain are the most likely to entertain bulk deals, but in…
It's Friday desk clearing time for this blogger. "Stella Guan's offer on a 'beautiful' Santa Clarita house was accepted in August. She paid roughly $600,000 for the house. But after sleeping there for only a few nights, she had an…
It's Friday desk clearing time for this blogger. "A moratorium on evictions is forcing small landlords on Long Island to run up credit card balances, take out loans and default on their own bills. 'They keep extending the court date,…
A report from Auction.com. "The great promise of short sales and other distressed pre-foreclosure sales as a foreclosure alternative is most fully realized in a competitive and transparent online auction marketplace, according to the Auction.com Market Validation Program (MVP) for…
A report from the Real Deal on Florida. "The co-managing partner of a private equity firm sold his oceanfront condo in The Four Seasons Residences at the Surf Club at a loss, for $12.4 million. Property records show Thompson Dean…
It's Friday desk clearing time for this blogger. "Sidney Kimmel just sold his lavish Manhattan condo for about $20 million. Kimmel was original asking $39.5 million for the home in December 2018. Kimmel and his wife bought the apartment in…
A report from the Daily Mail. "Property sales in New York City plunged 46 percent in 2020 from the prior year's level, costing $1.6 billion in lost city and state tax revenue, according to the Real Estate Board of New…
It's Friday desk clearing time for this blogger. "Dwayne 'The Rock' Johnson, is ditching his multimillion-dollar equestrian estate on the outskirts of Atlanta and is poised to take a sizeable loss in the deal. The former wrestler turned actor has…
A report from Real Estate Weekly on New York. "The City’s largest organization of landlords of rent-regulated apartments is calling on the city to freeze this year’s property tax assessments. The city’s new tax assessment roll shows the value of…
A report from the Real Deal. "Quarters’ U.S. expansion appears to have ended in bankruptcy. Eight properties and two additional limited liability companies tied to the German co-living firm filed for Chapter 7 bankruptcy on Friday, according to court records.…