National Cheat Sheet: Flooding threats hurting coastal home prices, CBRE gets into coworking … & more

Concerns over flooding and climate change hurting pricing of coastal homes Homes in coastal areas with high flooding risks have appreciated slower than inland homes, an analysis of pricing in coastal areas around the country by and the Wall Street Journal found. The analysis found concern over flooding and climate change are making once[…]

Westchester & Fairfield Cheat Sheet: RXR scores $103M for Atlantic Station in Stamford … & more

RXR scores $103M in refinancing for Stamford’s Atlantic Station Insurance and financial services holding company Ullico is providing a $103 million loan to RXR Realty’s Atlantic Station residential development in Stamford, according to the Commercial Observer. The fixed-rate loan refinances existing construction debt on the property. Atlantic Station’s first phase, a 26-story glass tower with[…]

National Cheat Sheet: Real estate industry braces for steel tariffs, Uber founder takes the reins of a real estate startup … & more

Real estate industry braces for tariffs as steel prices climb President Trump’s tariffs on steel and aluminum imports are already having an impact on the commercial real estate industry, as steel prices have climbed around 10 percent nationwide. Some projects are including a “steel tariff contingency” in their budgets, according to Paul Rohrer, a real[…]

Westchester & Fairfield Cheat Sheet: Residents of Stamford’s Trump building debate its name, White Plains developer sued for $17M over alleged fraud scheme … & more

Residents of Stamford’s Trump building debate its name Residents of the Trump Parc Stamford, the city’s tallest tower, are debating whether or not to keep the Trump name on their building, the Hartford Courant reported. Some residents have complained about the management of the building, while others said they do not like the building being[…]

Hamptons Cheat Sheet: Gurney’s in talks to buy Montauk yacht club, developer Joe Farrell lists his Bridgehampton “Sandcastle” for $50M, … & more

Gurney’s in talks to buy Montauk yacht club The owners of Gurney’s Montauk Resort and Seawater Spa are in talks to buy the Montauk Yacht Club & Marina, the New York Post reports. New Jersey-based developer George Filopoulos bought Gurney’s in 2013 and bought the neighboring Panoramic View in 2016 with partner Lloyd Goldman. Owned[…]

Long Island Cheat Sheet: Douglas Elliman ranks as top resi brokerage in LI, three Smithtown sites move toward redevelopment … & more

Douglas Elliman leads all residential brokerages on Long Island With $4.24 billion in sales in 2017, Douglas Elliman remains the largest residential brokerage on Long Island, even as cutthroat competition for top agents brings new challengers to the market. Daniel Gale Sotheby’s International Realty and its $2.54 billion in sales placed second on The Real[…]

National Cheat Sheet: The West Coast dominates US crane count, Zillow’s market cap passes $10B … & more

Seattle leads US crane count, as Western states dominate construction activity, survey says There were a record number of construction cranes working in America in January, according to Rider Levett Bucknall’s biennial “Crane Index.” With 45 cranes in action, Seattle had the most activity, followed by Los Angeles, Chicago and Denver, with each having 36[…]

Westchester & Fairfield Cheat Sheet: Rockefeller estate in Mount Pleasant sells for $33M, home rentals on the rise in Greenwich … & more

Rockefeller estate in Mount Pleasant sells for $33M, 50% above ask David Rockefeller’s Hudson Pines estate in the Mount Pleasant hamlet of Pocantico Hills sold for $33 million, which was 50 percent more than the $22 million listing price. The former chairman and CEO of Chase Manhattan Corporation lived on the 75-acre estate until his[…]

Hamptons Cheat Sheet: Matt Lauer slashes $2.15M from Sag Harbor estate’s price, renovations underway at East Hampton’s Grey Gardens … & more

Matt Lauer slashes asking price of Sag Harbor estate  Disgraced former NBC anchor Matt Lauer has cut the price of his Sag Harbor estate for the third time since listing it more than a year ago. The former Today show host recently chopped another $2.15 million off the asking price, with the 25-acre Deerfield Road[…]

Long Island Cheat Sheet: Tritec Real Estate ranked as the area’s top developer, Versailles-inspired mansion in Old Brookeville listed at $60M … & more

Tritec Real Estate is the busiest developer on Long Island With 477,300 square feet of multifamily space currently under construction in its Ronkonoma Hub project, Tritec Real Estate ranked as the area’s top developer, according to The Real Deal’s analysis of construction data compiled by CoStar. RXR Realty and The Beechwood Organization ranked second and[…]