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…
A report from Mansion Global on New York. "Of the 16 contracts signed on homes asking $4 million or more in the week ending Sunday, seven were for trophy homes with eight-digit price tags, according to a luxury market roundup…
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.…
A weekend topic starting with Bisnow New York. "New York City’s commercial property values are expected to fall substantially this year. A summary of the past year said that the real estate markets 'collapsed' after the coronavirus gripped the city,…
A weekend topic starting with Realtor.com. "You hear these terms thrown around all the time: Second home, investment property, vacation home, rental property. But is there any real difference among them? And does it even matter what you call it?…
It's Friday desk clearing time for this blogger. "Real estate developer Mohamed Hadid’s Bel-Air mega-mansion is on the market for $8.5 million. Once the property sells, the house will be destroyed with proceeds of the sale funding the demolition, which…
A report from Realtor.com on New York. "Nobody wants to buy notorious sex offender Jeffrey Epstein's real estate. The convicted criminal's grand, 28,000-square-foot townhouse in Manhattan's tony Upper East Side has undergone a $23 million price cut. 'In New York,…
A report from the Pittsburgh Business Journal in Pennsylvania. "New York-based King Penguin Opportunity Fund has defaulted on its $16.4 million mortgage for City Centre Tower, the biggest of three buys the firm made in downtown Pittsburgh. Martin Perry, a…
A report from the Capital Times in Wisconsin. "'I do believe landlords are preparing and I expect a huge increase once the moratorium is lifted,' said Laura Nachazel, a court manager in the Dane County Clerk of Courts office. 'I…