A surge in homebuilders’ confidence this month for new home demand could indicate the housing market will contribute to a post-Covid economic recovery, according to new data from the National Association of Home Builders Builder confidence in the market for new, single-family homes jumped 14 points to 72 in July, according to the Housing Market
Real Estate
Canadian HGTV stars Jonathan and Drew Scott have been investing in real estate for well over two decades, beginning with a modest $200,000 cottage they bought directly out of high school. Property records now reveal the 42-year-old identical twins, whose elephantine “Property Brothers” home-improvement empire encompasses several TV shows, web series, and original music, have
A partial economic rebound tied to states reopening businesses as they deal with COVID-19 has fueled a surge within the housing industry, according to Fannie Mae. Data for May shows unexpected strength in the housing market, a trend that’s expected to continue into June and July, Fannie Mae said. May sales fell 9.7% over the
Nicole Kidman and Keith Urban have added a Manhattan pied-à-terre to their international real estate collection. The actress and country music singer’s main residence is their Nashville, Tenn., mansion, but the celebrity couple also has homes in Los Angeles and their native Australia. Now they are buying a two-bedroom apartment at 108 Leonard St. for
Veteran television writer, comedic actress, and talk show host Robin Thede has upgraded to a new home in Los Angeles, public records reveal. “The Rundown with Robin Thede” alum, whose stint on “The Nightly Show with Larry Wilmore” made her the first Black woman head writer for a late-night talk show, has settled in the
Even city dwellers with second homes are going stir-crazy with cabin fever, locked down in the Hamptons since March. Many are taking “crazy COVID money” — in the six and seven figures — from renters escaping NYC and heading to locations even farther afield. Like Maine. Enter Noah Gordon, co-owner of House Island, which was
For the first time since it was constructed in 1952, famed architect John Lautner’s so-called Harry and Pauline Williams Residence has officially hit the market with a $1.895 million price tag. Sited just below the iconic Hollywood sign in one of Tinseltown’s most celeb-popular neighborhoods, the modestly sized 1,600-square-foot villa has three bedrooms and two full
Whad’ya know: The rent was too damn high. Manhattan rents have dropped for the first time since 2010, according to a new study. The July 16 report from real-estate listings site StreetEasy, which analyzed property prices during the second quarter of 2020, attributed the first year-over-year decrease in 10 years to the lack of demand
In a deal that shows the continuing strength in certain parts of the net lease sector, 17 7-Eleven properties on 17.373 total acres sold to a private buyer for $71.5 million. Camille Renshaw, CEO and Founder of B+E, the brokerage firm that announced the sale-leaseback deal on Wednesday, July 15, couldn’t reveal the private fund
A 1928 French chateau-style estate on one of Hancock Park’s most prime corner lots has become available with a $13.5 million ask. Morrie and Gale Tobin, the regal home’s longtime owners, are not Hollywood celebrities, though they have a notable connection to one of the most fascinating and widely-publicized scandals to emerge in recent years.
While reopening plans have been put on hold for the foreseeable future, office owners are continuing to make plans to welcome employees back to work. The logistics are vast and include everything from creating touchless spaces; sanitizing common areas and addressing shared amenities. While social distancing makes shared building amenities challenging, amenities will remain an
Some 87.6 percent of apartment households made full or partial payments by July 13, according to the National Multifamily Housing Council—an uptick from the 77.4 percent of households who made full or partial rent payments by July 6. This has been a pattern for apartment rents since the pandemic began. Indeed, this trend has been a boon for apartment
The old adage that owners will sell a winner but hold onto a loser seems to be holding true amid the pandemic-fueled slowdown. And that tendency towards potential sellers keeping “losers” off the market seems to be affecting average commercial sales prices. That’s according to a new analysis from New York-based commercial real estate data firm Real Capital
Virtual Inspections have become necessary to move transactions and comply with regulations during the pandemic. While lenders have been flexible in using virtual inspections as part of the underwriting process, in-person inspections will likely be the preference in the future. However, the pandemic has given a guidebook to the possibility for virtual inspections, how they
SEATTLE—COVID-19 has accelerated e-commerce adoption, resulting in strong online sales for retailers such as Target, Walmart and Amazon. Although the newest of the three companies, Amazon’s head start in building out its pure online delivery platform sets it apart from its competition, likely translating into a long-term standing as the number one online platform, according
Developers are starting to include new health and safety regulations and flexibility into development plans for upcoming projects. This includes making financial adjustments to comply with new regulations and adapt to market uncertainty. This is particularly true for institutional developers, who are forging ahead on projects. “Developers are starting to make adjustments to their financial
The U.S. Congress has routinely reauthorized funding for surface transportation to repair and improve critical roads and bridges throughout the country and is scheduled to do so again within the next few months. Now, with a renewed charge to protect our most vulnerable communities so embattled by systemic racism, and a prolonged health crisis resulting
To state the obvious, small businesses are in peril from the pandemic. Millions of small businesses have been forced to close their doors since March and now, new figures from Goldman Sachs suggest that more closings are likely if Congress doesn’t act with further relief. It found that 84% of Payroll Protection Program recipients will
Privately-held real estate investment management firm Bridge Investment Group says it has put $1.3 billion into its Opportunity Zone strategy. Much of the capital has already been deployed to 26 assets in 17 US markets, the company said. “Bridge continues to see tremendous opportunity in these development projects which are expected to provide meaningful impact
A very grand Upper East Side apartment has just hit the market for $32.5 million. The sellers are shopping mall mogul David Simon and his wife Jackie. The couple first listed their stately fourth-floor pad at 625 Park Ave. for $39.5 million in 2016. (They bought it for $25 million in 2011 from financier David
Fox News political commentator Tucker Carlson has sold his handsome home in Washington, D.C.’s leafy and affluent Kent neighborhood for $3.95 million after he scooped up a $2.9 million home hidden down a private lane amid riotous tropical foliage on a tiny barrier island off Florida’s Gulf Coast. The frozen food heir turned paleoconservative firebrand
Maybe this time Ken Laub is serious. An over-the-top Upper East Side townhouse at 163 E. 64th St., casually known as the Versailles of Manhattan, is back on the market for $17.5 million. That’s half its peak 2007 asking price of $35 million. Laub — the seller, a longtime commercial real estate broker who made
Seth Rogen has lately been quite busy on the real estate front. Earlier this year, the prolific professional funnyman bought a cottage in his longtime neighborhood haunt of West Hollywood, and simultaneously put another nearby house up for sale. And his in-flux portfolio still contains a third WeHo-area bungalow, this one acquired way back in
New York property magnate Harry Macklowe has been skipping out on rent in the posh GM Building — a move that’s being seen as a slap in the face to his landlord and fellow real estate mogul Mort Zuckerman. Macklowe, 83, stopped paying the more than $200,000-a-month bill for Macklowe Properties’ headquarters in the iconic
Over the spring of 2016, late actor and sculptor Lyle Waggoner, still best known for his work on “The Carol Burnett Show”(1967-1974) and lesser known as a Playgirl magazine semi-nude centerfold, shelled out $3.95 million for a beachfront contemporary along sleepy Mandalay Beach in Oxnard, Calif. That property, listed with Gary Cuoco at RE/MAX Gold