Tri-State Real Estate News - The Real Deal

Massive Adirondack estate reduces price to $125M

TRD Staff — Tue, 13 May 2025 17:00:00 +0000

More than double the size of Manhattan, upstate estate Whitney Park is whipping up a frenzy after hitting the market once again, though few will be wealthy enough to purchase the property. The 36,500-acre property — not a typo — outside of Long Lake in the Adirondack Mountains is for $125 million, or $3,425 per […]

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

Southampton home trades for $23M

Jake Indursky — Thu, 08 May 2025 19:00:00 +0000

An ultra-modern Southampton home has found a buyer after years on the market. The 11,000-square-foot manse at 951 Flying Point Road closed for $22.5 million, according to Bespoke president and co-founder Cody Vichinsky, who had the listing. The home, which sits on nearly three acres of land, had a last asking price of $30 million […]

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

Bain Capital buys $200M NJ warehouse portfolio

Rich Bockmann — Thu, 08 May 2025 14:32:03 +0000

Bain Capital is expanding its reach into New Jersey’s warehouse sector with a $200 million deal for a portfolio of nearly a dozen properties. The Boston-based private equity firm teamed up with Oliver Street Capital to purchase 11 light industrial buildings for $208 million, the companies told The Real Deal. They did not disclose the […]

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Customers sue proptech startup Welcome Homes over botched new builds

TRD Staff — Wed, 07 May 2025 15:28:10 +0000

Despite its name, customers allege a proptech construction startup has been anything but welcoming. Plaintiffs filed three lawsuits against Welcome Homes, a tech-based home construction company founded by DigitalOcean founders Alec Hartman and Ben Uretsky, as well as Alec’s brother Marc, the New York Post reported. The company was launched in 2020, letting buyers choose […]

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

Riverhead zoning leaves cannabis dispensaries strung out

TRD Staff — Mon, 05 May 2025 19:33:08 +0000

The dreams of prospective cannabis retailers in North Fork’s Riverhead are in danger of going up in smoke. A number of disputes and controversies are lighting up discussion around marijuana distributors in the town, Newsday reported. Zoning is at the heart of several of these disputes. Tink & E. Co filed a lawsuit against the […]

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

Amazon in contract to buy portion of Long Island’s Sunrise Mall

TRD Staff — Fri, 02 May 2025 17:10:13 +0000

Amazon is on a New York buying spree. The e-commerce giant is moving ahead with plans to buy a 26.7-acre portion of the 77-acre Sunrise Mall property in Massapequa to build an operations facility, Newsday reported. It’s not a done deal, but the struggling mall’s owner, Sunrise Mall Holdings LLC, got approval from the Nassau […]

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

Harry Macklowe asks for mercy from East Hampton authorities

TRD Staff — Thu, 01 May 2025 16:37:04 +0000

Harry Macklowe is looking to work with local authorities to resolve the obstacles in his attempts to sell his East Hampton home. The billionaire developer submitted an application to be reviewed by the village’s zoning board of appeals regarding the status of 64 West End Avenue, according to the East Hampton Star. Should the village […]

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Heatherwood lands $156M loan for LI multifamily project

TRD Staff — Thu, 01 May 2025 14:43:57 +0000

Heatherwood is moving full steam ahead on a West Hempstead project, despite being locked in a legal battle with the town over a separate development a stone’s throw away. The multifamily developer scored a $156.3 million construction loan from Bank OZK for a 428-unit, transit-oriented project at 111 Hempstead Turnpike, the Commercial Observer reported. It […]

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

New Jersey sues RealPage, landlords over rent inflation scheme

Jake Indursky — Thu, 24 Apr 2025 16:45:05 +0000

Federal prosecutors’ fight against RealPage has arrived in New Jersey. The Garden State sued RealPage and 10 landlords for allegedly colluding to illegally raise rents, according to the New Jersey Attorney General’s office. Prosecutors alleged the landlords, which include AvalonBay and Greystar, worked with the algorithmic rent-pricing software company to coordinate pricing and avoid competition. […]

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

Las Vegas Sands folds Long Island casino bid

TRD Staff — Thu, 24 Apr 2025 15:39:51 +0000

Las Vegas Sands’ bid to convert the Nassau Coliseum on Long Island into a $6 billion gambling den has crapped out. The Nevada-based casino shredded its plans to build a casino on the site of the Nassau Veterans Memorial Coliseum at 1255 Hempstead Turnpike, in Uniondale, Newsday reported. The casino giant decided to walk away […]

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