Residential Real Estate News

The Real Deal MiamiThe Real Deal Miami

Auto dealership builder buys parcels near I-95 in Palm Beach Gardens for $17M

The chief executive officer of a company that builds auto dealerships paid $17 million for three parcels just east of Interstate 95 in Palm Beach Gardens. Robert Rawe, CEO of AutoBuilders, plans to construct a pair of office buildings on the site and renovate a former Robb & Stuckey furniture store there, which spans 100,000 square feet. Rawe told the Palm Beach Post in a prepared statement that he will move the West Palm Beach ... [more]
Author: sffreelance
Posted: April 20, 2019, 8:00 pm

Developer finishes 10-story Coral Gables condo with 65% of the units under contract

The Astor Companies completed Merrick Manor, a 10-story building with 227 condominium units, the largest condo developments delivered in Coral Gables in nearly a decade. Astor received a temporary certificate of occupancy for the building at 301 Altara Avenue, a short walk from the outdoor shopping mall Shops at Merrick Park. The temporary certificate of occupancy will allow Astor to close sales of condos under contract and allow residents to move into Merrick Manor. More ... [more]
Author: sffreelance
Posted: April 20, 2019, 7:00 pm

Saudi princess puts Mulholland Estates abode on the market

An opportunity to live like royalty is now up for grabs for under $10 million. Princess Maha bint Mishari Abdulaziz Alsaud has listed her Asian-inspired mansion in the Mulholland Estates for sale, Variety reported. The 7,650-square-foot home — Alsaud’s part-time residence — has five bedrooms and seven bathrooms. There’s also a wood-paneled library, media room and wet bar. (Alsaud’s primary home is a 25-bedroom mansion in Riyadh.) Outside, manicured gardens and a swimming pool complete ... [more]
Author: Erin Hudson
Posted: April 20, 2019, 6:00 pm

A Titanic survivor’s estate is on the market for $1.8M

The former home of a woman saved from the Titanic is now on the market for $1.795 million. The property known as Overledge — at 159 River Road in Nyack — dates back to 1916, Inman reported. Margaret Welles Swift, of the Swift Meatpacking Company, built the home after the Titanic sank in April 1912. Welles Swift was among the first women to graduate from New York University Law and planned to build her perfect ... [more]
Author: Erin Hudson
Posted: April 20, 2019, 5:00 pm

Put a ring on it: Iconic Las Vegas chapel hits the market for $12M

One of the most famous churches in Las Vegas is on the market for $12 million. A Little White Chapel, the small venue on the Strip famous for its drive-through weddings, Elvis impersonators, and numerous celebrity weddings, is for sale for the first time in nearly 70 years, according to the New York Post. Its long-time owner Charlotte Richards told Fox 5 Vegas that it’s time “to slow down and let someone else” run the ... [more]
Author: Erin Hudson
Posted: April 20, 2019, 4:00 pm

Aby Rosen is no longer planning a hotel for the Chrysler Building

As the new owner of the Chrysler Building, Aby Rosen is weighing his options — and a hotel is no longer one of them. The RFR Holding head previously considered bringing in a hotel but has since nixed the idea, Bloomberg reported. Rosen reaffirmed his goal to bring back the Cloud Club, which operated as a speakeasy during prohibition and expand amenities available for the public — including restaurants and hair salons. Rosen noted that ... [more]
Author: Erin Hudson
Posted: April 20, 2019, 3:00 pm

Chicago’s first building code overhaul in 70 years could boost housing market: experts

The City Council’s recent move to update Chicago’s building code for the first time in 70 years could be a boon for the real estate industry, which long has pushed for changes to make development cheaper and easier. The new code adopts a lot of the standards in the 2018 International Building Code, which architects and designers are billing as a huge win for the industry. For one, architects will have to spend less time ... [more]
Author: Erin Hudson
Posted: April 20, 2019, 2:00 pm

This week in celeb real estate: Lindsey Buckingham in Brentwood and Adam Levine in Beverly Hills list their big-ticket homes… and more

In this week’s celebrity real estate, two big-name musicians have listed their equally big-ticket homes. Fleetwood Mac lead guitarist Lindsey Buckingham and Maroon 5 frontman Adam Levine are now sellers. Levine and his wife, Behati Prinsloo, led the way with their $47.5 million listing in Beverly Hills, bought just a little less than a year ago. Levine and Prinsloo’s asking price on their home is nearly $10 million more than what they paid for it ... [more]
Author: Erin Hudson
Posted: April 20, 2019, 1:00 pm

Zillow sues Compass for poaching execs, allegedly stealing trade secrets

Zillow Group slammed Compass with two lawsuits late Friday, alleging the SoftBank-backed brokerage hired three executives in violation of their non-competes as it staffed up its nascent tech hub in Seattle. The lawsuits also claim that Compass actively sought to obtain proprietary information from Zillow to avoid building its own technology. The suits — one filed in federal court and the other in Washington state court — also name Robert Chen, Zillow’s former head of ... [more]
Author: Danielle Balbi
Posted: April 20, 2019, 12:35 am

Real estate investors see safe harbor in New York, LA but wary of Chicago: survey

Amazon’s pull-back and Albany’s political tumult aren’t enough to keep international real estate investors from seeing New York City as the safest place in the world to park their money. A survey of about 200 real estate investors and investment managers from 24 countries identified New York as the “most stable and secure” city in the world to do business, and 39 percent said they want to “increase exposure there,” according to Crain’s. About 20 ... [more]
Author: Gregory Prosser
Posted: April 19, 2019, 9:00 pm