Residential Real Estate News - The Real Deal

South Florida’s top deals: The biggest resi sale was a $14M Boca Raton home

Mary Diduch — Fri, 23 May 2025 00:17:30 +0000

🏆Residential: In South Florida, the top residential deal recorded Thursday was in Boca Raton. A trust tied to Gary Kain, executive chair of AGNC Investment Corp.’s board of directors parted with 499 South Maya Palm Drive for $14.2 million; the seller put it up for sale in January for just under $15 million. The buyer […]

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Resi occupancy soars above pre-pandemic levels in Downtown LA

TRD Staff — Thu, 22 May 2025 23:05:09 +0000

As offices empty out in Downtown Los Angeles, renters have filled up Downtown apartments and put upward pressure on rents. Multifamily occupancy rose to 90.8 percent in the first quarter ending in March, from 90.1 percent a year earlier and up from 84.7 percent in 2019, Bisnow reported, citing figures from the DTLA Alliance. Average […]

This article originally appeared on The Real Deal. Click here to read the full story.

These are the Manhattan brokerages with the most Instagram followers

Mary Diduch — Thu, 22 May 2025 22:09:35 +0000

The residential brokerages in Manhattan with the most followers on Instagram – ever more crucial to reaching clients and getting the word out about sales and rentals these days – are, perhaps unsurprisingly, linked to two reality stars. Serhant, founded by star broker Ryan Serhant of Bravo and Netflix fame, takes the top spot, with […]

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Silicon Valley pol wants state to insure multifamily loans as spur for resi development

TRD Staff — Thu, 22 May 2025 22:07:43 +0000

A new bill in the California State Senate could make it easier for developers to move forward on multifamily projects across the state. Sen. Dave Cortese, who represents San Jose, recently filed SB 750, which would allow the state to use its credit to insure construction and permanent loans for multifamily housing. The proposed legislation […]

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Construction doesn’t scare off buyer of $32M Bel-Air manse

Kari Hamanaka — Thu, 22 May 2025 20:46:35 +0000

Unfinished construction didn’t deter a buyer from going into contract on a $31.5 million Bel-Air estate that’s expected to be valued for millions more once work is completed. The property at 1341 Linda Flora Drive marked last week’s top home in Los Angeles County to go into contract based on asking price, according to the […]

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Highland Park penthouses break suburban price record

TRD Staff — Thu, 22 May 2025 20:30:00 +0000

Highland Park just set a new high for suburban condo sales. Two penthouses at the newly built Park Sheridan Residences sold for $3.7 million each this week, about $822 per square foot, marking the most expensive condo transactions ever recorded in Chicago’s suburbs, Crain’s reported. The fourth-floor units, at 1950 Sheridan Road, each span about […]

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Lego billionaire drops $26M on Wellington equestrian estate

Kate Hinsche — Thu, 22 May 2025 20:30:00 +0000

Billionaire Thomas Kirk Kristiansen, whose great-grandfather Ole Kirk Kristiansen founded the toymaker Lego, bought an equestrian estate in Wellington for $25.5 million. It marks the most expensive sale in the horse-centric enclave so far this year. Records show Thomas Kirk Kristiansen bought the 14.2-acre compound at 3585 Olde Hampton Drive from Shady Grove Road Commercial […]

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Engel & Völkers stages revenue stream with pre-listing renovations

TRD Staff — Thu, 22 May 2025 20:15:00 +0000

A luxury brokerage is staging a revenue stream with pre-listing makeovers. Engel & Völkers Atlanta is partnering with Maryland-based contractor Curbio to offer home improvement services to clients ahead of listing, the Atlanta Business Chronicle reported. The brokerage is the latest to join “Powered by Curbio” and is launching a new service tier for the […]

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Damavandi’s Santa Monica resi plan gains weight

TRD Staff — Thu, 22 May 2025 19:30:00 +0000

Damavandi Capital is going bigger than originally planned for its latest multifamily development in Santa Monica. The West Hollywood-based firm, formerly known as Dylan Investment Properties, has filed revised plans to boost the size of its apartment building by nearly 50 percent at 1320 Pico Boulevard, west of Santa Monica College, Urbanize Los Angeles reported. […]

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Slim supply of new condos has first-time buyers ‘driving to qualify’ in Denver exurbs

TRD Staff — Thu, 22 May 2025 17:53:28 +0000

A lack of new condos in Denver is forcing first-time buyers to “drive to qualify” in the exurbs. Younger buyers are struggling to overcome the exorbitant maintenance costs and association fees linked to decades-old condos in greater Denver, The Denver Post reported. The high barrier to entry is forcing them to look outside the city […]

This article originally appeared on The Real Deal. Click here to read the full story.