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The Real Deal NYC

LA-inspired Dubai megamansion hits the market for $33M

A modern-style mansion on Dubai’s manmade archipelago, Palm Jumeirah, is on the market for just under $33 million. The 14,000-square-foot home was built by clothing industry businessman Michael Alibhai, who told the Wall Street Journal he “wanted to blow people minds when they visit me.” He bought the property for an undisclosed sum in 2011 and spent six years designing and building the home, taking aesthetic notes from the modern-inspired mega-mansions mansions of Beverly Hills

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A 36,000-acre property in upstate New York lists at $180M

Some 36,000 picturesque acres are going up for sale in New York’s Adirondack Mountains for the first time in over a century. The huge swath of pristine land is called Whitney Park after the prominent Northeast family that’s owned it since the 1890s. The asking price is $180 million, or roughly $5,000 per acre. The property is hitting the market after its longtime owner, Marylou Whitney, died last year at the age of 93. Whitney

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Former oil exec lists off-the-grid Maui estate for $7M

Looking to get real far off the grid? How about a 39-acre solar-powered estate on Maui mountainside? The couple that built out the estate over the last decade put it on the market for $7 million, according to Bloomberg. Linda and John Stobart, the latter a former executive at BHP Billiton Petroleum, set out to build a compound that is “completely off the grid” when they bought the property in 2010. Linda said she’s aware

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J-Lo and A-Rod list Malibu beach house for $8M

Baseball star Alex Rodriguez and entertainer Jennifer Lopez are looking to shed a Malibu beach house they bought less than two years ago. The couple is asking $8 million for the three-story property on Malibu Road, according to the Los Angeles Times. They paid former owner and actor Jeremy Piven $6.6 million for what Lopez last year called “a little fixer-upper next to the water.” The couple renovated the property last year with the help

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Hong Kong developer pitches ground-up city in Ireland for HK expats

A Hong Kong developer redrew a pitch to build a city from scratch in Ireland after what appeared to be a lukewarm reception. Victoria Harbour Group founder Ivan Ko is now looking for a roughly 20-square-mile site outside Dublin to build a city from the ground up dubbed Nextpolis that would host 50,000 Hong Kong emigrants. He first pitched a 193-square-mile project around December as an autonomous city in the vein of Hong Kong itself,

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Protesters revisit Steven Roth, Stephen Ross and other NY billionaires

Real estate titans Steven Roth and Stephen Ross were visited by around 200 demonstrators at their Hamptons estates Thursday, according to Business Insider. The protesters demanded Gov. Andrew Cuomo raise taxes on the East End’s ultra-wealthy inhabitants — and others across the state — instead of cutting services to close the state’s enormous budget deficit. It’s at least the second such demonstration this month over cuts to the state budget that are inevitable absent a

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Landlords slow to embrace Lisbon’s rent guarantee program

Portugal’s capital Lisbon is a few months into a program meant to bring units in the city off the short-term rental market and into its affordable housing stock. Landlords so far have been slow to embrace it, but that could change if the coronavirus pandemic continues to hammer tourism in the city, according to Bloomberg. The city’s Safe Rent program requires landlords to commit to long-term affordable renting for at least five years. Lisbon’s government

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Maison Kayser may bid New York adieu

Maison Kayser’s last tweet, dated June 15, says the French bakery chain is “woven into the fabric of diverse communities around the world.” But the threads have come loose in New York City, where its 16 locations have been closed since March. And now the business may be unwinding its presence here, Commercial Observer reported. One of its landlords, in talks with the chain about getting out of its space, told the publication that Maison

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Vishaan Chakrabarti on a Manhattan real estate market without private cars

Vishaan Chakrabarti has a message for real estate developers: Think outside your own black car. The founder of Practice for Architecture and Urbanism and the dean of the UC Berkeley College of Environmental Design joined TRD‘s Hiten Samtani to discuss his proposal for a Manhattan in which private cars would be banned. Instead, all the land devoted to the private car — four Central Parks worth, by his estimate — could be used for better

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Tourist-trap eatery serves landlord a $72K bill

In late July, Sterling Landlord Corp posted a notice on the front door of Ellen’s Stardust Diner, a Times Square tourist destination known for its singing waiters. The message was bleak: Ellen’s owed $618,000 in rent and if it did not pay by Aug. 7, the location at 1650 Broadway would be shut down. But Ellen’s had no plans to pay. Instead, it sued its landlord in New York’s Supreme Court Thursday, disputing the debt

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