Hamptons Cheat Sheet: Waterfront Southampton compound’s price slashed to $29.9M … & more

Waterfront Southampton compound hacks pricetag down to $29.9M The historic Normandy House, which has been on and off the market since 2016 — when it was listed for $65 million — has again reduced its ask. Recently priced at $32.5 million, the home’s price has been cut down to $29.9 million, Curbed reported. The 8,000-square-foot[…]

Florida Sen. Rubio wants to thwart real estate-targeted money laundering

Florida Republican Sen. Marco Rubio is seeking more transparency of shell companies’ purchases of U.S. real estate in an attempt to thwart money laundering. Rubio is proposing an amendment in an unrelated spending bill that would require shell companies across the country to disclose their owners for real estate purchases of more than $300,000 or[…]

Moshe Braver lands $110M refi for massive Bushwick project

Moshe Braver’s Bushwick Realty Holdings landed a $110 million mortgage to refinance its 200-plus apartment project in Bushwick. Benefit Street Partners Realty Trust is the lender. Eastern Union’s Ira Zlotowitz and Meir Kessner brokered the deal. As part of the development, Braver has so far completed three six-story buildings at 869-871 Bushwick Avenue in 2015.[…]