The newest entrant to the co-living game is… New York City?

To address the growing housing crisis, Mayor Bill de Blasio’s administration in the last five years has encouraged the construction of micro-units and tiny houses, and even pushed for private developers to build on public housing land. Now you can add co-living to the list. New York City’s Department of Housing Preservation and Development is slated to announce a pilot program that will let developers access public funding for more affordable co-living projects. The program […]

source https://therealdeal.com/2018/11/01/the-newest-entrant-to-the-co-living-game-is-new-york-city/

Diddy’s scrapped UES megamansion is back on the market

The Upper East Side building that was once slated to be a megamansion for rapper and producer Diddy is back on the market. Yet again. The property at 807 Park Avenue is listed for $29 million, down from $31 million in August, the New York Post reported. It was listed for $39 million last year. Stribling’s Alexa Lambert, Timothy Desmond, Linda Melnick and Marc Achilles have the listing. The building is for sale after Diddy scrapped […]

source https://therealdeal.com/2018/11/01/diddys-scrapped-ues-megamansion-is-back-on-the-market/

Wendy Maitland launches her own brokerage after leaving BHS

Wendy Maitland is starting her own brokerage business. The broker launched a new residential and commercial real estate firm after being pushed out at Brown Harris Stevens in September. Maitland’s company will also offer high-end auctions through a partnership with Misha Haghani’s Paramount Realty USA, the New York Post reported. “Like a Basquiat or a Picasso, or a piece of rare jewelry, some real estate simply deserves to be sold by auction,” Maitland told the […]

source https://therealdeal.com/2018/11/01/wendy-maitland-launches-her-own-brokerage-after-leaving-bhs/

Coastal homes, once prized, now losing cache among buyers amid flood concerns

Growing concern over flooding and climate change are making once highly sought-after coastal homes nationwide less attractive to buyers. An analysis of pricing in coastal areas around the country by Realtor.com and the Wall Street Journal found that homes with high flooding risks have appreciated slower than homes farther inland. The analysis tracked homes over the last few years, and found the slowing prices was greater along the Eastern seaboard, in states like Florida, North […]

source https://therealdeal.com/miami/2018/10/31/coastal-homes-once-prized-now-losing-cache-among-buyers-amid-flood-concerns/#new_tab

These top resi brokers want to change how the industry does business — with a new advocacy group

Last September, five of New York’s top brokers met to brainstorm a new idea. Collectively, the agents and their teams — from Compass, Douglas Elliman and Sotheby’s International Realty — had closed more than $1 billion in sales in 2016. But despite their individual successes, they felt the industry was lacking consistent standards and proper transparency: Why don’t brokers do a better job of sharing data? Why is measuring square footage still not standardized? By […]

source https://therealdeal.com/2018/11/01/these-top-resi-brokers-want-to-change-how-the-industry-does-business-with-a-new-advocacy-group/

Ranking the hottest hoods in L.A.

Having welcomed a wealth of investment over the last several years, Los Angeles continues to enjoy a development boom, with investors sniffing out every corner of the county in search of the next big opportunity. Using data from the Los Angeles County property appraiser, The Real Deal analyzed historical residential and commercial property values to find out which enclaves have seen the steepest recent growth relative to how fast property values had increased in each […]

source https://therealdeal.com/la/issues_articles/ranking-the-hottest-hoods-in-l-a/#new_tab

Corcoran is going the franchise route. Here’s what it’s up against.

Four decades after Barbara Corcoran launched her eponymous brokerage, the firm is again banking on the Corcoran name. Last week, parent company Realogy Holdings said it plans to franchise the Corcoran brand in “global mega-cities” and leisure markets in a bid to attract independent firms and boost its overall market share. But the New York-based firm will be competing with some of the largest franchises in the business — including Keller Williams and Berkshire Hathaway, […]

source https://therealdeal.com/2018/11/01/corcoran-is-going-the-franchise-route-heres-what-its-up-against/