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Month: August 2021

Manhattan parking condos hit market at up to $350K

The Lennox Hill garage has an open spot for $200,000 (Douglas Elliman, Getty) The seminal book on vehicle storage, by Donald Shoup, is titled “The High Cost of Free Parking.” That certainly does not apply to a new Centerpark project in ...

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  • 14 Aug
  • The Real Deal
  • Uncategorized
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“Barbie Penthouse,” where Barbara and Kenneth lived, hits market

Mattel founders Ruth and Elliot Handler and the “Barbie Penthouse” The “Barbie Penthouse” in L.A., where Mattel’s founders raised their kids Barbara and Kenneth, hit the market for $10 million. The 3,200-square-foot unit at Century ...

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  • 14 Aug
  • The Real Deal
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Home prices spike in 94% of US markets

The median price of an existing single-family home was at least 10 percent higher in the second quarter than a year ago. (iStock) The hot housing market is not a local phenomenon anywhere in the United States, as almost all major ...

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  • 13 Aug
  • The Real Deal
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Rocket Companies originates record home purchase mortgages despite industry headwinds

Rocket Companies CEO Jay Farner (Rocket Companies, iStock) Rocket Companies originated the most home purchase loans in its history in the second quarter, even as record-low interest rates cut into the lender’s profit. The company ...

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  • 13 Aug
  • The Real Deal
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Stephen Ross becomes king of West Palm offices

Stephen Ross and Esperanté Corporate Center For Stephen Ross, his latest bet on the West Palm Beach office market must feel like déjà vu. In the aftermath of the 9/11 terrorist attacks, when buyers canceled contracts, financing froze ...

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  • 13 Aug
  • The Real Deal
  • Uncategorized
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Zach Vella puts Amazon’s Ring HQ in Hawthorne up for sale

12515 Cerise Ave with Zach Vella (Getty, M-Rad Architecture) The Hawthorne headquarters of Amazon’s home security arm Ring is hitting the market. Developer Zach Vella is selling the 62,000-square-foot office property at 12515 Cerise ...

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  • 13 Aug
  • The Real Deal
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Divvy Homes hits $2B valuation on new fundraising round

Divvy Homes CEO Adena Hefets (Twitter) Proptech startup Divvy Homes scored another big round of fundraising, bringing the company’s valuation to $2 billion. The new round of funding essentially quadrupled the startup’s valuation. The ...

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  • 13 Aug
  • The Real Deal
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Lumber now piling up for manufacturers

The lumber roller coaster ride continues, with nearly half of manufacturers and dealers now claiming excess inventory after shortage earlier this year. (iStock) Call it a woodpile up. Lumber dealers are seeing inventory stack up just ...

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  • 13 Aug
  • The Real Deal
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Nile Niami unloads yet another massive spec mansion

1369 Londonderry Place and Niami (Compass via The Agency, Getty) Nile Niami, the swashbuckling but embattled spec home developer, has unloaded his amenity-filled 14,000-square-foot Hollywood Hills mansion as part of a broader property ...

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  • 13 Aug
  • The Real Deal
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Westchester condo complex dumps Trump name

10 City Place in White Plains and Donald Trump (Getty, Google Maps) Donald Trump has been dumped again, this time by condo owners at a complex in White Plains. The Trump Tower at City Center will be losing its name in the coming weeks, ...

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  • 12 Aug
  • The Real Deal
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