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 Real Deal on New York. "In February, billionaire Ken Griffin purchased Calvin Klein’s seven-acre Southampton home for $84 million — the year’s most expensive deal in the Hamptons. Now, the mansion next door has been put…
It's Friday desk clearing time for this blogger. "The city’s for sale, but who’s laying down millions and buying in? Michael Nierenberg and his wife bought a three-level Greenwich Village penthouse for less than half the seller’s initial ask of…
A report from the Real Deal. "Big money will be deployed into cash-deprived real estate funds. 'We are seeing some investors that are pretty distressed, but if we compare it to previous crises it doesn’t seem to be as widespread,'…
A report from Reuters on New York. "Clarence Hamer doesn’t expect to hang on to his house much longer. His downstairs tenant owes him nearly $50,000 in back rent on the four-bedroom duplex he owns in Brownsville, Brooklyn. Without those…
A report from Bisnow on Illinois. "High property taxes are a hot-button issue across the state, with many commercial owners already crying foul. 'When I used to give presentations on the state budget situation, I’d joke that we should make…
A report from the Wall Street Journal. "U.S. employees started heading back to the office in greater numbers after Labor Day but that pace is stalling now. The low level of employees at their desks is intensifying the pain for…
A report from Kelowna Now in Canada. "Canada's most expensive rental markets in Toronto and Vancouver continue to report a downward trajectory in prices. Toronto's one and two-bedroom prices are down 10% and 12%, respectively, since this time last year.…
A report from the Globe and Mail in Canada. "In downtown Vancouver, the condo market has softened considerably, with prices coming down as more units come onto the market. Vancouver realtor Ian Watt is seeing many of those downtown condo…
It's Friday desk clearing time for this blogger. "The Chicago City Council enacted the COVID-19 Eviction Protection ordinance in June. After selling two single-family homes to financially maintain his remaining portfolio, Derrick Rowe, a landlord on the South Side, now…