Why South Africa’s construction industry is on shaky ground

A South Africa construction group is calling on the government to intervene following a series of recent episodes in which $1.8 billion worth of building projects have been disrupted by armed groups around the country. A letter from the South African Forum of Civil Engineering Contractors, a lobbying group, to the country’s finance minister, Tito… Read More Why South Africa’s construction industry is on shaky ground

Residents at “keyless” building are suing… to get their keys back

Residents at a Hell’s Kitchen apartment complex are suing their landlord over an app that controls their movement in and out of their building. The owners of the building at 517-525 West 45th Street installed a new electronic security system called Latch last year, replacing tenants’ keys to the building lobby with a smartphone app,… Read More Residents at “keyless” building are suing… to get their keys back

Why a “kink collective” is getting pushed out of Bed-Stuy

A kink collective plans to move out of Bedford-Stuyvesant following weeks of outcry spearheaded by one of the businesses’ neighbors. Charlotte Taillor moved her business into Bed-Stuy from a more expensive location in Crown Heights, and her neighbor Laurie Miller started to notice men coming and going from the house in January, according to the… Read More Why a “kink collective” is getting pushed out of Bed-Stuy

How a homeowner association dispute racked up $1M in legal fees

A satellite dish. A St. Francis statue in the garden. An incorrectly parked car. It started small, but disputes over a Kansas man’s alleged violations of his homeowner association’s rules has led to a complex legal battle that is now the most expensive of its kind. Owner Jim Hildenbrand, has been locked in conflict with… Read More How a homeowner association dispute racked up $1M in legal fees

Miami to see oversupply, high vacancies in CRE and multifamily by 2020: report

Between now and the end of next year, urban neighborhoods from Brickell to Midtown Miami will see the completion of several signature mixed-use projects. Yet, as a result, Miami’s urban core is going to experience an oversupply and high vacancy rates in the retail, multifamily and office markets, according to a recent CoStar report. The… Read More Miami to see oversupply, high vacancies in CRE and multifamily by 2020: report

Never say Never: Justin Bieber is now a Beverly Hills homeowner

One could say Justin Bieber has grown up from his “Baby” days. The pop star, who turned 25 this month, paid $8.5 million for a home in Beverly Hills, according to Yolanda’s Little Black Book. The purchase comes after Bieber recently married model Hailey Baldwin, and follows years of his shacking up in pricey rentals… Read More Never say Never: Justin Bieber is now a Beverly Hills homeowner

Halstead’s Barak Dunayer jumps to Jacky Teplitzky’s team at Elliman

Halstead Real Estate’s Barak Dunayer is taking his team to Douglas Elliman. Dunayer is partnering with the Jacky Teplitzky team at Elliman, the brokerage said in a statement. He’s joining along with his wife, Yael Dunayer, and team member, John Machamer. Last year, the Teplitzky team’s deals included a $26.5 million sale at Vornado Realty… Read More Halstead’s Barak Dunayer jumps to Jacky Teplitzky’s team at Elliman

“Selling a dream”: A wave of land listings marks shift in LA luxury resi market

Eri Kroh, a commercial real estate developer, didn’t know what he was about to get into when an agent took him “just to look at” a 30-acre plot of land in Bel Air 15 years ago. Initially eyed as a business opportunity, Kroh began envisioning the dirt, for which he paid $6 million, as the… Read More “Selling a dream”: A wave of land listings marks shift in LA luxury resi market

Steiner sells majority stake in DoBro rental tower to JPMorgan fund

Steiner NYC has sold a majority stake in the Hub, its 55-story Downtown Brooklyn rental tower. The sale of the stake coincided with a $330 million refinancing of the property at 333 Schermerhorn Street, one of the borough’s tallest residential buildings, according to the developer. “Simultaneous to our closing, we took some money off the… Read More Steiner sells majority stake in DoBro rental tower to JPMorgan fund