Blockchain real estate investing just got a $28M boost

Blockchain technology startup Harbor raised $28 million in a new funding round led by Founders Fund, the company announced Tuesday. Harbor plans to build a blockchain-based platform that is compliant with U.S. laws and allows users to issue crypto-securities backed by real assets, including real estate, company shares and works of art. Andreessen Horowitz, Pantera[…]

Brookfield lands $1.15B refi for 5 Manhattan West

  Brookfield Property Partners refinanced its office building 5 Manhattan West with a $1.15 billion loan from Landesbank Baden-Wurttemberg. The new mortgage from the German state bank replaces a $570 million loan from Wells Fargo, according to property records cited by the Commercial Observer. Brookfield recently completed a $350 million redevelopment of the 2.2 million-square-foot[…]

Here’s what Zuckerberg had to say about alleged housing ad discrimination

Facebook’s CEO Mark Zuckerberg was grilled over alleged housing ad discrimination on the company’s social network during his Senate testimony Tuesday, and suggested the problem could be solved through artificial intelligence. “We’ve removed the ability to exclude ethnic groups and other sensitive categories from ad targeting,” he said, according to Inman. “That just isn’t a[…]

Cary Tamarkin lands $72M refi for Chelsea condos

Architect-developer Cary Tamarkin has refinanced his under-construction condo project 550 West 29th Street with a $72 million loan from Madison Realty Capital. The senior mortgage replaces a $68 million financing package from Bank of the Ozarks and RCG Longview. Madison’s principal Josh Zegen said the new loan closed within seven days. Tamarkin is currently finishing[…]

AmBase, former investor in 111 West 57th Street, could face ruin

Less than a year after AmBase Corporation lost its stake in the supertall condominium project 111 West 57th Street, the Connecticut-based holding company may be going under. In its latest annual report filed Friday, the company said revenues and cash reserves “may not be sufficient to cover operating cash needs through the 12-month period from[…]

Sotheby’s wants to replace home staging with augmented reality app

The elaborate staging of an apartment is a staple of the brokerage business. Now Sotheby’s International Realty is hoping to replace actual furniture with a smartphone app. The augmented-reality app, dubbed “Curate by Sotheby’s International Realty,” allows users to look at an empty apartment through their phone’s camera and throw in different virtual furniture sets[…]