Ranking New York’s most active developers – Robert Khodadadian

New York City sprang back to life in the spring of 2021, and its busiest builders were no exception. In the past year, the city’s 20 most active developers filed plans to build nearly 16 million square feet of projects across the five boroughs. Now, they face a whole new set of headwinds entering the …

Landlords bitten by program intended to feed them – Robert Khodadadian

When New York’s rent relief program launched early last summer, landlords saw a light at the end of the tunnel. For owners June and Lance Margolin, it had been eight months since they’d received a payment from the tenant renting an apartment in their Long Island home. The program, flush with $2.4 billion, promised to …

Brooklyn DA charges scaffolding company in 2019 incident – Robert Khodadadian

A scaffolding firm and one of its foremen are facing charges three years after a construction incident that left a young woman with brain injuries. The Brooklyn District Attorney charged Silvercup Scaffolding and foreman Zeke Fagan with misdemeanor reckless endangerment and criminal mischief, The City reported. Both defendants are due back in court next month. …

Boutique brokerage LG Fairmont joins Compass – Robert Khodadadian

A boutique brokerage joined Compass last month, bringing its 60-person team to the brokerage giant. LG Fairmont is changing its name to LGF at Compass and will hand over a cut of its commissions to Compass, which will provide support staff and technology platforms, ancillary services the firm struggled to build out independently. The brokerage …

Fight over Isaac Hager’s Tillary Hotel getting ugly – Robert Khodadadian

Isaac Hager’s Cornell Realty is desperately seeking to keep the Tillary Hotel out of its lenders’ hands. Hager put the Downtown Brooklyn hotel along with a Williamsburg hotel site into bankruptcy in 2020 to halt a foreclosure by its mezzanine lender, Eli Tabak’s Bluestone Group. But now it’s worried about its senior lender, Ohana Real …

TRD’s July issue is live for subscribers! – Robert Khodadadian

The Real Deal’s July 2022 issue is live for subscribers and slated to hit your doorstep soon. This month, we have a plethora of profiles perfect for beach reading — six of them, to be exact. The TRD profile may be the pièce de résistance of our coverage, in terms of garnering both awards and …

Happy glamper: Tented Airbnb only miles from Hawaii volcano – Robert Khodadadian

An opportunity to camp under the Hawaiian stars is available on Airbnb for $70 a night. Try not to worry about the volcano a dozen miles away. The glamping tent in the village of Mountain View is available on both Airbnb and Glamping Hub, CNBC reported . The Airbnb is hosted by 28-year-old Kehau Hall, …

Missile silo converted into apocalypse-ready home asking $550K – Robert Khodadadian

A converted missile silo is now an apocalypse-ready home. The underground bunker at 1200 Silo Lane in York, Nebraska once housed intercontinental ballistic missiles and was built to survive a nuclear attack, the New York Post reported. The mostly unfinished home, sitting on more than six acres, is asking $550,000. Built by the Army Corp …

Don’t be cruel: Elvis childhood home back on auction block – Robert Khodadadian

It’s now or never for the lucky bidder who wants one of Elvis Presley’s childhood homes. Then again, that was the timing two years ago. The three-bedroom Mississippi home is up for auction two years after the pandemic scuttled a planned sale, the New York Post reported. Run by Rockhurst Auction, it will take place …

Waterfront developments may be key to protecting Boston’s coast – Robert Khodadadian

Could Boston’s waterfront real estate projects be key to protecting the city’s coast? Developments along the Mystic River, Fort Point Channel and Dorchester Bay have scored city and state approval by using designs that help them cope with rising sea levels and storm surges that are expected to become a more severe threat, the Boston …

Private Alaskan island that expands at low tide to ask $20M – Robert Khodadadian

A private island in Alaska that adds 12 acres at low tide will hit the market with an asking price of $20 million. The property in the Kenai Peninsula Borough in the state’s southwest is about 44 acres and expands to 56 acres, the Wall Street Journal reported. While Alaska has a number of private …

Hong Kong’s priciest 2022 home fetches $111M – Robert Khodadadian

Of all that’s changed in Hong Kong in the quarter-century since China took over, home prices remain rock solid. Case in point: A six-bedroom mansion in Shouson Hill just sold for $111 million, a 2022 record, Bloomberg reported, citing a statement from co-developers Emperor International Holdings Ltd., C C Land, Mingfa Group and CSI Properties. …