William Rudin, head of his family’s New York City property development empire, told CNBC on Thursday that the political pressure that led Amazon to withdraw its plans to build a Queens headquarters was borne out of a lack of understanding of the benefits. “Unfortunately, that message didn’t get out in the way it should have,”
Real Estate
Visualization for the new city of Cyclocroft, Colorado.B4Place Wealth guru Pete Adeney has teamed up with a Netherlands-based urban design consultancy to float the idea of a planned community in Colorado that would be car-free and bicycle-friendly. Situated between Longmont and Boulder, the new community – provisionally known as Cyclocroft – would be built in
Caren Maio, cofounder of Nestio.Nestio Caren Maio does not back down from a challenge. After years of battling New York City’s rental market, which she describes as “the Wild West,” she entered the science, math, engineering and technology (STEM) fields to cofound her online real estate company, Nestio. With a background in sales and publishing for
SoftBank’s Vision Fund has poured billions of dollars into real estate technology, from its massive stake in co-working space provider WeWork to the hundreds of millions of dollars in online platforms Opendoor and Compass. The Vision Fund’s latest big bet is in another corner of the real estate market: storage. SoftBank said Wednesday it led
Ten-X Commercial President, Maureen WatersDale Marek for Ten-X Commercial “I’m currently reading Subscribed by Tien Tzuo,” says New York-born Maureen Waters President of Ten-X Commercial. She believes the subscription economy will be part of the 10 year-old global proptech platform’s future. Ten-X manages almost $53 billion dollars of commercial real estate transactions according to its
Payless ShoeSource filed for bankruptcy protection on Monday, a day after it began winding down its 2,500 U.S. stores. The retailer, founded in 1956 in Topeka, Kansas, expects all stores to remain open until at least the end of March and the majority until May. That will keep many of its stores open through the
This Lakeside Container Cottage was designed by Christopher Bittner and is 720 sq. ft. in San Diego County CA. The exterior of the house is completely non-combustible because it is in a wildfire zone. Non-combustible exterior elements include dual pane-tempered exterior glass, Class A roofing materials, and fire sprinklers. Siding and soffit panels are cement
20 Hours Ago Ryan Serhant, real estate agent and managing director at NestSeekers International, started his career in Long Island City. He is well known as one of the real estate agents on Bravo’s “Million Dollar Listings New York.” Watch what he has to say about the Amazon HQ2 situation and how his clients are
The 2018 tax season is here! We are finally going to see the effects of the tax law change at the end of 2017. And as you can image, lots of questions are coming in already. One subject that has really caught my eye has been how to handle running an S-Corp as a sole
Seller Financing Pros and Cons(c) Can Stock Photo / Feverpitched The two letters cited in this article were received the same week. “I am about to buy a home and the seller is offering me a loan at an interest rate .5% lower than the bank’s rate. Should I take it?” An offer of seller
Alphabet’s Sidewalk Labs proposed taking a portion of Toronto property taxes, development fees and increased land value to build a smart city on the eastern waterfront, The Toronto Star reported. According to internal documents obtained by the Star, Sidewalks Labs plans to argue it is “entitled to … a share in the uptick in land
While you may be under the impression that when you check in to your favorite luxury hotel, it’s all about you the guest, in the vast majority cases it’s really about somebody else, namely the owner. Not to say that the staff isn’t there to please as many of your whims and wishes as possible,
Developers and speculators — who bought property on the promise of Amazon‘s planned New York City headquarters — are “freaking out,” now that the e-commerce giant pulled out of the deal due to local opposition, luxury real estate agent Ryan Serhant told CNBC on Friday. “Was I dumbfounded that New York politicians were going to
Real estate listings site StreetEasy released a report on the best places to live for single New Yorkers to celebrate Valentine’s Day.Getty Life is not easy for singles in New York City. Or, at least, it isn’t cheap. While compiling a report on the best areas to live in the five boroughs for those who are
New York is missing out on billions of dollars in investments now that Amazon has canceled plans to add corporate offices in the borough of Queens, Rep. Gregory Meeks, D-N.Y., told CNBC on Thursday. “I think it’s a sad day for New York,” the congressman said on “Closing Bell.” “This was a long-term investment in
Emily JohnsonCourtesy of Taylor Johnson Crisscrossing the grid, she connects Chicago. Emily Johnson is passionate about real estate. As president of Taylor Johnson, a public relations firm, Emily and her talented team serve the real estate industry exclusively. Among an inspiring cityscape of people and properties, they have a wellspring of real estate and related
Google’s massive footprint is only getting bigger in 2019. CEO Sundar Pichai said in a blog post on Wednesday that the company is building new data centers and offices and expanding several key locations across the U.S., spending $13 billion this year. Pichai outlined the plans, which include opening new data centers in Nevada, Ohio,
President Donald Trump’s early childhood home in the Jamaica Estates neighborhood in Queens. (Andrew Lichtenstein/Corbis via Getty Images)Getty You need a Congressional pass to visit The White House. You need a security pass to visit Trump Tower. For President Donald Trump’s childhood home, all you need is $2.9 million—preferably in cash. Family room with life-size
The idea that the Federal Reserve has created a bubble in stock prices by pausing its initially hawkish rate hike agenda sounds like “nonsense” to CNBC’s Jim Cramer. “I can’t stress this point enough: When people talk about a Fed-induced bubble, they mean the Fed should be out there tightening aggressively and laying waste to
Amazon has shown that it is “antithetical” to New York values, and the company should not be allowed to build its second headquarters in Queens until it changes its ways, City Councilman Jimmy Van Bramer told CNBC on Monday. Bramer, deputy leader of the 51-member council, said one reason he is against the HQ2 deal
This Cafe Integrated cooktop from GE Appliances has app-based technology that will provide guided cooking and temperature control. The stove comes with a smart stainless steel skillet that communicates with the app and the burner. This product will be available for order in October.Photo courtesy of GE Appliances With only an electric stove option at my current
An estate on Indian Creek Island sold for $50 million, making it the most expensive single-family home ever sold in the Miami area, according to people familiar with the deal. The property, at 3 Indian Creek Island Road, was not officially listed, but had sold in 2012 for $47 million. At the time, that marked
A new study by realtor.com finds that the vast majority of Generation Z values homeownership and sees it as a life goal. VHT Studios/Baird & Warner A large number of the Generation Z population might live with their parents now, but that doesn’t mean they don’t want to eventually own a home. Nearly 80% of the
Underground swimming pool in the bomb shelter houseRealtor.com The famous Las Vegas Underground House has been making news for years as one of the most bizarre properties in the world. Located 2 miles east of the center of the Las Vegas Strip, this outrageous 14,620 sq ft concrete & steel doomsday bunker was created to survive a nuclear
When 55places.com, an online resource for active adult communities in the U.S., identified the most affordable places to retire in 2019, one sun-drenched state — Florida — stood out by landing four of the top five spots, if not the No. 1 perch itself, which goes to the most populous city in a much chillier
More consumers now see the door to homeownership slowly squeaking open, but they still think it’s pretty pricey. The share of Americans who say it is a good time to buy a home increased four percentage points to 15 percent in January compared with December, according to a monthly survey from Fannie Mae. The share
The famed model sold the historic mansion for more than $17 million.Out East It only took nearly a decade, but Christie Brinkley has sold her historic Sag Harbor mansion. And though the price tag was lowered $8 million over the years, it still reportedly sold for more than $17 million, so it’s safe to assume the
Photo Taken In New York City, United States photo credit: GettyGetty A new law went into effect last month that seeks to hold landlords more accountable for asthma-inducing housing violations, like mice, rats, mold and more. Though the jury is still out on whether the Asthma-Free Housing Act will have an impact on the rising
Sears was granted a new lifeline on Thursday as its sale to Chairman Eddie Lampert, through an affiliate of his hedge fund ESL Investments, was approved by Judge Robert Drain. The approval guarantees that Sears will live on at least until Friday, when Lampert’s $5.2 billion deal to buy the company is expected to close.
Actor Stephen Dorff’s Malibu beach house is listed for nearly $8 million.Noel Kleinman courtesy of Compass If you had to pick actor Stephen Dorff out of a lineup, good luck. But you can pick up his beach house on Malibu’s La Costa Beach for a cool $7.98 million. Good luck there too. Stephen Dorff co-stars