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Month: August 2021

Jeff Bezos buys 5th unit at Manhattan condo tower

Jeff Bezos and 212 Fifth Avenue (Daniel Oberhaus/Flickr, Google Maps) Jeff Bezos built Amazon into a global behemoth over many years. He’s taking a much quicker approach to building his home above New York City. The founder and former ...

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  • 18 Aug
  • The Real Deal
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Judge overseeing Surfside collapse litigation chastises town over proposed downzoning

Judge Michael Hanzman and the site at 8777 Collins Avenue (Miami-Dade Circuit Court, Getty) The judge overseeing Surfside condo collapse litigation again implored the town to drop its proposed downzoning of the Champlain Towers South ...

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  • 18 Aug
  • The Real Deal
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Single-family rents spiked 7.5% in June, sharpest increase since 2005

Rents for single-family homes increased 7.5 percent year-over-year across the U.S. in June (iStock) Investors pouring big money into the single-family rental sector just received some welcome news. Rents for single-family homes ...

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  • 17 Aug
  • The Real Deal
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TRD’s YouTube channel: The place to watch all things real estate

The Real Deal‘s YouTube channel shares the same goal as our newsroom: To bring you the most interesting, newsy and insightful content on all things real estate. Here’s a sample of what you can expect if you subscribe: — A look at what ...

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  • 17 Aug
  • The Real Deal
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FTC probing Zillow’s ShowingTime acquisition after lawmakers raise red flags

Sen. Mike Lee, Zillow CEO Richard Barton and Rep. Ken Buck (Getty, JD Lasica via Flickr) The FTC is reviewing Zillow’s pending acquisition of ShowingTime amid concerns from lawmakers of anti-competitive practices and consolidation ...

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  • 17 Aug
  • The Real Deal
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Buying a San Francisco home takes an income of at least $350K a year

Homes are “affordable” for less than 20 percent of SF residents (iStock) If you want to buy a median-priced single-family home in San Francisco, San Mateo, Santa Clara or Marin counties, you’ll need an annual income of more than ...

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  • 17 Aug
  • The Real Deal
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LA, Boston lead office recovery as Chicago and SF lag: report

(iStock) The office leasing market is slowly climbing out of the pandemic-driven downturn that made working from home ubiquitous across the nation. The pace of recovery, however, varies widely in each city, according to a CBRE report ...

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  • 17 Aug
  • The Real Deal
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New student housing plan for downtown Berkeley site after controversial tower is scrapped

CA Ventures CEO Tom Scott and 2065 Kittredge Street in Berkeley (CA, Google Maps) A downtown Berkeley site that had been slated for a controversial mixed-use tower will instead be developed as student housing by Chicago-based CA ...

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  • 17 Aug
  • The Real Deal
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Demand sinks for second homes

Demand for second homes in July fell 20% but the market hasn’t dried up. (iStock) Interest in second homes appears to be slipping after what had been a pandemic-fueled buying frenzy. A new report from Redfin reveals that demand for ...

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  • 17 Aug
  • The Real Deal
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Construction tech startup Agora raises $33M in Series B

Agora CEO Maria Rioumine (Agora, iStock) After a year of big revenue and staff growth, construction tech startup Agora is getting a big influx of cash in a Series B funding round. The $33 million round was led by Tiger Global and ...

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  • 16 Aug
  • The Real Deal
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