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Month: May 2021

8-sided San Fran house hits market for $1M a side

1067 Green Street (Janet Feinberg Schindler) A rare 1850s-era octagon house in San Francisco is hitting the market for $8.6 million. The eight-sided property’s history comes packed with about as many chapters. The roughly ...

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  • 23 May
  • The Real Deal
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Tom Cruise’s 320-acre Colorado estate sells at near asking

Tom Cruise and his 320-acre estate (Getty, LIV Sotheby’s Realty) It’s a very good time to be selling mountain property as two massive estates with A-list Hollywood pedigree both sold, and both at near asking prices. Less than a week ...

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  • 23 May
  • The Real Deal
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“Webster” mansion in Chicago fetches $5.3M after 2 years on market

1432 North State Parkway in the Gold Coast area (Realtor) A 140-year-old Chicago home that appeared in the 1980s sitcom “Webster” has sold to developer Jerald Lasky for $5.26 million. The Victorian-style home at 1432 North State ...

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  • 22 May
  • The Real Deal
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UK’s Black families gain zero wealth through property ownership

The median accumulation of wealth through homeownership for a Black family over the last 10 years is zero. (iStock) Black families in the United Kingdom have struggled to build wealth through property ownership compared to Brits of ...

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  • 22 May
  • The Real Deal
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New home prices in China spike again, defying government

Wuhan saw 1 percent growth in new home housing prices from March to April. (Getty) New home prices in many of China’s cities climbed at their fastest rate in eight months in April, despite government efforts to curb speculation. Sale ...

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  • 22 May
  • The Real Deal
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Institutional buyers are flooding single-family market

(iStock) Institutional buyers are in spending mode. Investors dropped a record $77 billion on homes in the past six months, according to Business Insider, citing a Redfin report. That compares to the $55 billion spent on homes in the ...

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  • 21 May
  • The Real Deal
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Hamptons reels from influx of year-round visitors

Citarella Southampton In the Hamptons, summer vacationers and year-round residents endure something of a symbiotic relationship. The hedge funders, Hollywood types, old-money scions and rock stars who proliferate from Memorial Day to ...

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  • 21 May
  • The Real Deal
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Existing home sales decline another 2.7 percent in April

(Getty) Nationwide home sales slowed again in April as prices continued climbing amid scarce inventory. Existing home sales dropped 2.7 percent in April to a seasonally adjusted rate of 5.85 million, down from 6.01 million in March, ...

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  • 21 May
  • The Real Deal
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Procore raises $635M in long-awaited IPO

Procore CEO Tooey Courtemanche (Linkedin, SEC) Construction software company Procore raised $634.5 million in its long-awaited initial public offering, debuting on the New York Stock Exchange on Thursday. The company initially marketed ...

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  • 21 May
  • The Real Deal
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Is e-commerce king? Retailers reflect on pandemic changes during earnings calls

Many people are excited for shoppers to return, but many have switched to e-commerce. (Getty) Amid rising vaccination numbers and lifting of Covid-related capacity restrictions nationwide, landlords are eager to see shoppers return to ...

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  • 21 May
  • The Real Deal
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