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The Real Deal NYC

Architecture’s final frontier: Here’s what houses on Mars might look like

The most Earth-like planet in the solar system, Mars has always looked like an obvious choice for future human colonization. But what would houses on Mars actually look like? A NASA-sponsored contest, called the 3D-Printed Habitat Challenge, seeks to answer that question. Launched in 2015, the contest’s third and final phase is set to wrap up next month. Though the premise is literally out of this world, technology developed for outer-space living often has more […]

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There’s a literal shadow sweeping through SoCal’s luxury resi market

A stark, dark style of home design is trending for both the interior and exterior of houses in Southern California. More homeowners are choosing to paint their houses black, the Los Angeles Times reported. Since 2017, the design firm Benjamin Moore Paints has seen almost a 30% jump in the usage of black for interior and exterior, their experts say. The appeals lies both in the ability for hues like “Midnight Oil” “Black Beauty,” and […]

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Saudi princess puts Mulholland Estates abode on the market

An opportunity to live like royalty is now up for grabs for under $10 million. Princess Maha bint Mishari Abdulaziz Alsaud has listed her Asian-inspired mansion in the Mulholland Estates for sale, Variety reported. The 7,650-square-foot home — Alsaud’s part-time residence — has five bedrooms and seven bathrooms. There’s also a wood-paneled library, media room and wet bar. (Alsaud’s primary home is a 25-bedroom mansion in Riyadh.) Outside, manicured gardens and a swimming pool complete […]

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A Titanic survivor’s estate is on the market for $1.8M

The former home of a woman saved from the Titanic is now on the market for $1.795 million. The property known as Overledge — at 159 River Road in Nyack — dates back to 1916, Inman reported. Margaret Welles Swift, of the Swift Meatpacking Company, built the home after the Titanic sank in April 1912. Welles Swift was among the first women to graduate from New York University Law and planned to build her perfect […]

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Put a ring on it: Iconic Las Vegas chapel hits the market for $12M

One of the most famous churches in Las Vegas is on the market for $12 million. A Little White Chapel, the small venue on the Strip famous for its drive-through weddings, Elvis impersonators, and numerous celebrity weddings, is for sale for the first time in nearly 70 years, according to the New York Post. Its long-time owner Charlotte Richards told Fox 5 Vegas that it’s time “to slow down and let someone else” run the […]

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Risky business: Marijuana dispensaries present high risk, high reward for landlords, brokers say

Landlords who rake in rents from medical marijuana dispensaries may put their commercial bank accounts and title insurance at risk, according to cannabis real estate experts. Meanwhile, cannabis retailers are baking early termination clauses into leases in the event municipalities deny permits to open dispensaries. Dan Deitz, manager of real estate acquisitions for GrowHealthy, a Florida medical marijuana company founded in 2014, said his firm retained SRS Realty Advisors, a commercial brokerage based in Orlando, […]

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Chicago’s first building code overhaul in 70 years could boost housing market: experts

The City Council’s recent move to update Chicago’s building code for the first time in 70 years could be a boon for the real estate industry, which long has pushed for changes to make development cheaper and easier. The new code adopts a lot of the standards in the 2018 International Building Code, which architects and designers are billing as a huge win for the industry. For one, architects will have to spend less time […]

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This week in celeb real estate: Lindsey Buckingham in Brentwood and Adam Levine in Beverly Hills list their big-ticket homes… and more

In this week’s celebrity real estate, two big-name musicians have listed their equally big-ticket homes. Fleetwood Mac lead guitarist Lindsey Buckingham and Maroon 5 frontman Adam Levine are now sellers. Levine and his wife, Behati Prinsloo, led the way with their $47.5 million listing in Beverly Hills, bought just a little less than a year ago. Levine and Prinsloo’s asking price on their home is nearly $10 million more than what they paid for it […]

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Zillow sues Compass for poaching execs, allegedly stealing trade secrets

Zillow Group slammed Compass with two lawsuits late Friday, alleging the SoftBank-backed brokerage hired three executives in violation of their non-competes as it staffed up its nascent tech hub in Seattle. The lawsuits also claim that Compass actively sought to obtain proprietary information from Zillow to avoid building its own technology. The suits — one filed in federal court and the other in Washington state court — also name Robert Chen, Zillow’s former head of […]

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Everywhere a sign: New home construction falls in March

Adding another sign that the housing market is slowing down, new home construction in the U.S. fell last month to its lowest level since May 2017, despite declining mortgage rates. The news could signal that homebuilders are having a difficult time constructing cost efficient homes amid rising supply and labor costs. In March, overall construction starts dropped 0.3 percent to a 1.139 million annualized rate, according to Bloomberg. This is down from a rate of […]

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