Real Estate

Uptown Madison Avenue, the city’s premier luxury shopping corridor, faces momentous change on the gilded blocks where East Midtown meets the Upper East Side. Two large office retail buildings are being  demolished for new, mixed-use projects about which little is known. Meanwhile, wealthy fashionistas and even wealthier real estate investors wonder what’s to become of
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Twenty-eight years too early is how developer Stephen Ross describes his firm’s arrival in West Palm Beach, the Florida city he’s now helping transform with a trio of new office towers, ultra-luxury condos, and soon, a university.  West Palm Beach Mayor Keith A. James and leading real estate developer Stephen M. Ross at the April groundbreaking
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Even for Hollywood royalty like Jennifer Lopez and Ben Affleck, the taxman cometh — and he’s not playing around. While their glitzy split is making headlines, what’s flying under the radar is the jaw-dropping tax bill that comes with their soon-to-be former Beverly Hills mansion. The sprawling 38,000-square-foot estate, now listed on Zillow for a
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Rapper-songwriter, chef and TV presenter Action Bronson — who lost 130 pounds after vowing to get healthy during the pandemic — toured an 11th-floor unit at the Huron on the Greenpoint waterfront in Brooklyn recently.  The family-sized, 1,626-square-foot corner condo is on the market for $3.25 million. Common charges are an additional $2,334 a month.
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Yeshiva University plans to establish a new, state-of-the-art health sciences campus inside Herald Center, sources told Realty Check. What insiders described as a 32-year leasehold condominium purchase restores the mixed-use property across from Macy’s to 100% fully occupied. Sources said YU will have 160,000 square feet on Herald Center’s floors 5-9 as well as parts
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The Massachusetts mansion, where an entrepreneur father murdered his wife and teenage daughter before turning the gun on himself, hit the market this week and was billed as the “perfect home for entertaining.” Rakesh Kamal, 57, fatally shot his 54-year-old wife, Teena, and 18-year-old Arianna during the horrific murder-suicide inside the sprawling Dover home on
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Changes from a landmark settlement affecting broker commissions from America’s largest real estate trade association take effect this weekend, potentially creating a more complex and uncertain buying process for consumers, according to industry experts. The changes made under the National Association of Realtors’ (NAR) $418 million settlement, announced in March, “adds more uncertainty and unknowns to an
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The cold never bothered them anyway. Homebuyers are grabbing their winter gear and flocking to far-flung Maine — where they’ve managed to drive up the median home price a bone-chilling 78.5% in just five short years, a new report reveals. According to freshly published findings from industry news site Pro Tool Reviews, The Pine Tree State
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New York City’s most expensive neighborhood just got even pricier. That’s according to a new study from real-estate data portal PropertyShark, which has crowned Hudson Yards on Manhattan’s far west side for the top spot with a median home sale price of $7.5 million. For nearly five years, this district — known for its shops,
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While some older buildings atrophy, others thrive. Two new deals totaling 104,000 square feet have brought George Comfort & Sons’ 960,000 square-foot 498 Seventh Ave. to 95% occupied. Public technology firm PubMatic, Inc., signed a 60,000 square-foot direct lease. The company, which was a subtenant will roughly double its space in the first quarter of 2025.
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The housing market has been decidedly stuck of late. Sellers with low mortgage rates are holding on to their homes, leaving buyers with scant listings to choose from. And buyers who do find a house face substantial economic challenges as median home prices and mortgage rates remain high. With sellers and buyers at an impasse, misconceptions and outright
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Prominent Big Apple developer Michael Shvo was slapped with a lawsuit by a disgruntled couple who plunked down $6.1 million for a pad at the Mandarin Oriental Fifth Avenue, claiming the luxury building is riddled with problems — including an “algae-infested” rooftop pool. John Goodman and his wife, Diane Johnson, alleged that the building developed
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The Jersey Shore house known for serenading beachgoers with the sweet sounds of Frank Sinatra music has finally been sold. Located on the boardwalk of Point Pleasant Beach, the not-so-humble 8 bedroom 4,000-square-foot abode was built in 1987 for the late Sony Music exec and Ol’ Blue Eyes fan Paul R. Smith, who would play Sinatra
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