Peter Thiel Home

Peter Thiel, a billionaire co-founder of PayPal and a partner at Founders Fund, is apparently moving out of his mansion in San Francisco s Marina District.

The billionaire venture capitalist has listed the massive two-in-one property for $9.25 million.

It has some pretty extravagant features, including a penthouse lounge, elevator, and panoramic views of both the Golden Gate Bridge and the Palace of Fine Arts.

Thiel also reportedly owns property in Los Angeles and on the Hawaiian island of Maui. Justin Fichelson of Climb Real Estate has the listing.

The home is situated上海贵族宝贝交流区 上海贵族宝贝论坛 behind a large gate at the end of a private path.

It s just across the street from the Palace of 上海龙凤论坛 新上海贵族宝贝论坛Fine Arts, which you 上海贵族宝贝 上海千花网龙凤论坛can spot from various points in the home.

Golden Gate Bridge views are another major selling point.

With a to上海千花网 爱上海同城对对碰tal of 7,000 square feet of living space, this property is massive. It actually used to be made up of two separate houses, which were combined into one by Remick Architects and Master Builders.

Every inch of living space seems to be taking advantage of the home s ideal location.

Even this bathroom has a direct view of the outdoors.

The decor is somewhat muted, but stylish.

The kitchen is expansive and can be accessed by a separate set of stairs.

The dining room is set up for more formal occasions.

This library and work space has its own set of wide windows.

In total, the home has five bedrooms, six bathrooms, and one half-bath.

This bedroom has an attached sitting area wit[……]

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Manhattan Luxury Rentals

With supply and concessions on the rise, owners struggle to fin上海夜网论坛 上海夜网d renters for luxury apartments Owners are taking deep price cuts at the toniest addresses in the city

40th floor unit at One57, previously rented for $13,000/month

Even wit爱上海龙凤419桑拿 上海龙凤论坛sh1fh steep price cuts and a slew of concessions, owners are struggling to secure renters for their luxury apartments.

Developers are increasingly offering free rent — in some cases three months worth — and it s becoming difficult for individual owners to compete, the Wall Street Journal reported. Supply is also high: Currently, 1,100 apartments (mostly in Manhattan) are listed for $10,000 a month or more. A recent Douglas Elliman report noted that just under 24 percent of Manhattan leases signed in October had some type of concession.

“The 新上海贵族宝贝论坛 上海贵族宝贝交流区market has changed completely,” Sherri Shang, a Douglas Elliman Broker, told the Wall Street Journal. “I never expected three years later that even with a Central Park View, that it would be so hard to rent out now.”

Shang is struggling to find a tenant for a 40th-floor condo at One57, a Midtown  luxury supertall developed by Extell Development Company. The apartment has previously commanded $13,000 a month, but Shang now c爱上海同城对对碰 爱上海同城论坛an t seem to find a tenant willing to pay even $10,000. She s not alone. At an apartment at Trump Tower, asking rent for a two-bedroom apartment dropped from $25,000 in 2013 to $18,000 阿拉爱上海同城 爱上海龙凤419桑拿in October.

According to appraiser Jonathan Miller, about 20 percent[……]

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Best Neighborhoods In America

Eliot, Oregon

Move over, New York and San Francisco. Real estate company Redfin recently released its list of the hottest neighborhoods of 2017, and locales in city-adjacent towns such as Oakland, California, and Bellevue, Washington, dominated over their urban counterparts.

The ranking looked at neighborhoods that experts expect to become up-and-coming hotspots, and highlights a growing trend: Homebuyers want the amenities of both suburban and city life. They re looking for big, renovated houses minus the price tag a place in the heart of a major city would bring.

While many of 2017 s hottest neighborhoods come with longer commutes, Redfin agents say they offer homebuyers the best balance of everything: quick access to public transit, trendy shopping and dining options, plus larger move-in ready homes with charm and price tags that are a little easier to bear, the report states.

To predict what will be the hottest neighborhoods of 2017, Redfin measured neighborhood growth by analyzing the number of pageviews from visitors to and the number of homes favorited by users on the site. Redfin also consulted local agents to confirm which areas are heating up in popularity.

From turn-of-the-century homes outside New Orleans to Silicon Valley-adjacent pads in Sunnyvale, California, read on to see the hottest neighborhoods for 2017.
10. Tremé — New Orleans

Median sale price: $199,200

Median number of days on the market: 261

Average sale-to-list percentage: 89.3%

Redfin agent Caren M[……]

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NYC Housing Preservation and Development

City housing agency banking on shaky federal funds Nearly $4M in limbo as White House weighs housing cuts

Bill de Blasio and Maria Torres-Springer (Credit: Getty Images and Twitter)

The city’s housing agency has found itself in quite a predicament by banking on federal funds that it’s in danger of losing.

The Department上海千花网交友 上海千花网论坛 of Housing Preservation and Development has said it expects to save $3.7 million through 2021 thanks to community development block grants from the federal government. But that’s the same pot of money that s in danger of being cut by President Trump.

There are proposed huge cuts to the Department of Housing and Urban Development. That absolute elimination of the community develo新上海贵族宝贝论坛 上海贵族宝贝交流区pment block grant program would mean a lot of things, It would mean less money for senior citizens, less money for senior centers, cuts to home repair for seniors,” Mayor Bill de Blasio said at a City Hall press conference, Politico reported. Without the grants, the mayor said t上海贵族宝贝论坛 上海贵族宝贝he city won’t be able to protect tenants who lose heat or hot water上海夜网论坛 上海夜网 or need other emergency repairs.

In March, Trump proposed cutting the federal housing agency’s budget by $6.2 billion and eliminating community上海贵族宝贝交流区 上海贵族宝贝论坛 block grants entirely.

NYC housing commissioner Maria Torres-Springer said 86 percent of her budget comes from federal funds. The agency can save $1.3 million during the rest of this fiscal year, and $1.6 million each fiscal year through 2021. [Politico] E.B. Solomo[……]

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Related’s Chicago site The 78 to be location of new public

Related Midwest is donating land to jumpstart a mixed-use development in downtown Chicago. On Thursday, Illinois Gov. Bruce Rauner and University of Illinois System President Tim Killeen unveiled plans for the $1.2 billion interdisciplinary public-private research and innovation center known as the Disco新爱上海同城对对碰论坛 上海同城对对碰交友社区very Partners Institute (DPI) at The 7新爱上海同城对对碰论坛 上海同城对对碰交友社区8, Curbed Chicago reported. The new facility will be developed on a donated portion of the 62-acre site on the Chicago River. The 78 is planned in partnership wit爱上海同城 爱上海h architecture firm SOM and will have a mix of residential, commercial, institutional, cultural and爱上海同城论坛 爱上海同城 recr上海贵族宝贝论坛 上海贵族宝贝eational uses, including 40 percent green and open space and a half-mile of developed riverfront that will expand the city’s existing Riverwalk. [Curbed Chicago]

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Luxury Residential Market

Luxury resi market records best week since late June: Olshan 28 luxe contracts signed at $4M or above

One Riverside Park and 141-143 East 63rd Street

The luxury residential marke上海龙凤论坛sh1f 上海龙凤论坛t notched 28 contracts at $4 million and above last week, the best total since the third week in June when there were 29 contracts signed, according to Olshan Realty’s luxury market report.

Extell D上海龙凤论坛 新上海贵族宝贝论坛evelopment’s One Riverside Park recorded the priciest contract: a six-bed, 6,168-square阿爱上海同城 阿拉爱上海同城-foot condo with an asking price of $上海千花网龙凤论坛 上海千花社区16.5 million.

The unit, the last full-floor residence at Extell’s Upper West Side development, was last listed at a nearly 17 percent discount to the $19.8 million it was asking when it hit the market in 2014.

Musician Michael Feinstein’s brownstone at 141-143 East 63rd Street went into contract at $15.9 million, a discount of more than 10 percent to the $17.9 million it had been asking when it first hit the market in 2013.

The home is actually two brownstones that Feinstein and his spouse, Terrence Flannery, bought for a combined $6.9 million.

The average median asking price for luxury homes was $8.57 million for the week, with an average discount from original ask to f阿拉爱上海同城 爱上海龙凤419桑拿inal list of 11 percent. Luxury homes spent an average of 518 days on the market. [Olshan] – Rich Bockmann

Tags: NYC Luxury Market, olshan realty, one riverside park, upper east side
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Mel Gibson

Westchester Fairfield Cheat Sheet: Plans for regional MLS unveiled, CT legislators propose competitive bidding bill for casino development more

Clockwise from top left: Bridgeport s legislators proposed a bill that could help MGM s waterfront project, Steven Cid joined Houlihan Lawrence Commercial Group, Stephen Westerberg was named a first vice president of investments at Marcus Millichap, Port Chester cleared the way for four developments including 546 Locust St., and the Greenwich estate Mel Gibson called Wayne Manor is on the m上海夜网论坛 上海夜网arket for $22.5 million.

Westchester and Long Island brokers to partner on regional listing service
The Hudson Gateway Association of Realtors and the Long Island Board of Realtors are exploring a partnership in a metro area multiple listings service. Although sources say the talks are preliminary, the two groups, which have a combined 36,000 agents, say they plan to combine their listing systems and hope to eventually cover the entire New York area, including New York City. The Long Island group s MLS currently has around 21,000 listings, and the Westchester group has 13,000. Richard Haggerty, HGAR’s CEO, said the planned MLS will be offering a different type of service from the Real Estate Board of New York, which syndicated its residential listings service this summer. [TRD]

With MGM s Bridgeport casino in play, CT legislators propose competitive bidding bill
A bill proposed by legislators who represent Bridgeport, where MGM has proposed a mas[……]

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Bronx Real Estate Investment

Investor interest in the Bronx gets further boost as borough logs more residential sales and rental jumps

414 Gerard Avenue

The Bronx may be the cheapest residential market in上海夜网 阿爱上海同城 New York, but on the investment front, it’s still got runway.

And, the latest market report for the borough reinforces why real estate players have had a strong appetite for investment and development there for the past several years.

In 2017’s fourth quarter, average residential prices in the Bronx breached their pre-recession peak for the first time, hitting a record of $515,000, according to a report the Real Estate Board of New York released last month. The previous peak was $507,000 in 2006.

The Bronx also saw the largest increase in residential sales volume among the five boroughs — jumping 17 percent, to $455 million, year-over-year.

Although dollar volumes are far higher in every other borough — Manhattan, Brooklyn and Queens, for example, saw $4.8 billion in sales, $2.4 billion and $2.3 billion, respectively, for the quarter — none of them experienced the same kind of growth. Manhattan saw sales volume drop 12 percent, while Brooklyn saw a 4 percent jump and Queens increased by about 12 percent, according to the REBNY numbers.

Meanwhile, rents have also increased at a faster clip in the Bronx than they have elsewhere in the city, and investment sales have picked up.

In addition, as The Real Deal and others have incessantly reported, rental developments — both subsidized and market rate — are[……]

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Tower 56 NYC

Pearlmark refis Tower 56 with $125阿爱上海同城 阿拉爱上海同城M Blackstone loan Chicago-based private equity firm bought the boutique property a decade ago from Harry Macklowe

Blackstone s Kathleen McCarthy, Tower 56 at 126 East 56th Street, and Pearlmark’s Stephen Quazzo (Credit: Blackstone via Youtube, LoopNet, and Urban Land Institute)

Pearlmark Real Estate Partners landed a $125 million loan from the Blackstone Group to refinance its boutique Tower 56 office building in the Plaza District.

Chicago-based Pearlmark, headed by CEO Stephen Quazzo, started searching for new debt in the spring to refinance the 33-st爱上海同城对对碰 爱上海同城论坛ory office tower it bought from Harry Macklowe’s 上海千花网论坛 上海千花网Macklowe Properties for $158 million in 2008.

The 187,000-square-foot property between Park and Lexington avenues at 126 East 56th Street was part of the $7 billion former Equity Office portfolio Macklowe sold off when the credit markets collapsed a decade ago amid the global financial crisis.

Real estate private equity firm Pearlmark has since spent $30 million to update the building, including a full renovation of the lobby and an upgrade to the building’s mechanical system.

The Blackstone loan comes with a five-year term and a commitment that allows Pe上海龙凤论坛sh1f 上海龙凤论坛arlmark to draw future funding for leasing costs, a source with knowledge of the loan told The Real Deal.

The financing replaces a $92.5 million loan that Pearlmark got from Canadian bank CIBC in 2013, property records show.

Representatives for Pearlmark and Blackstone[……]

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