All posts tagged: real estate

Mark Rothko’s Former NYC Townhouse Now for Sale, as Luxury Condominiums

Mark Rothko’s Former NYC Townhouse Now for Sale, as Luxury Condominiums

Published by Jenni Sidey

Mark Rothko and his first wife, Edith Sachar, put down roots in a small apartment within a Greek Revival townhouse in Manhattan’s East Village neighborhood in the 1930s. There, the late abstract expressionist—famously known for his color field technique—created the painting titled “Thru the Window,” inscribing the back with the building’s address, “313 E 6th,” along with his signature. The entire multifamily building sold for $45,000 in the 1970s to pioneering filmmaker Emile de Antonio, known for his documentaries on the Kennedy assassination and the Vietnam War. Later, artist Alfred Leslie used the garden level as his studio. After a fire destroyed the top floor of the prewar dwelling in 2022, the vacant and gutted structure hit the market the following year for the first time in over five decades. Michael Auriemma, the retired principal of an international consulting firm, came along and scooped it up soon after for nearly $3.7 million, undertaking an extensive, multimillion-dollar restoration and renovation that included new plumbing and electrical systems, a structural steel roof, and the rear facade. Related Articles …

Europe’s housing crisis: Is the EU plan up to the job? – Talking Europe

Europe’s housing crisis: Is the EU plan up to the job? – Talking Europe

Published by Sam Flores

To display this content from YouTube, you must enable advertisement tracking and audience measurement. Accept Manage my choices One of your browser extensions seems to be blocking the video player from loading. To watch this content, you may need to disable it on this site. Try again TALKING EUROPE © FRANCE 24 Issued on: 20/03/2026 – 15:50Modified: 20/03/2026 – 15:50 12:19 min From the show Reading time 1 min MEPs recently approved a key report on housing, with the stated aim of securing decent, sustainable and affordable housing. They are responding to an EU-wide crisis in which property prices jumped by 15.5 percent between 2021 and 2024, according to Eurostat. That has frozen out millions of people looking to get onto the property ladder. Rental prices have continued to go up as well. Housing is a competence of member states, but there has been a push to do more at the EU level. We debate just how much Brussels should get involved, and whether the solutions it is proposing are workable. Programme prepared by Perrine …

Two Literal Crypto Bros Built a Real Estate Empire. Then the Homes Started to Fall Apart

Two Literal Crypto Bros Built a Real Estate Empire. Then the Homes Started to Fall Apart

Published by skeptic

As they eyed further expansion in Detroit, the brothers worked with real estate professional Shawn Reed, who, according to court documents, started to identify and sometimes help renovate properties for RealT to tokenize. Unbeknownst to the Jacobsons, Reed had a checkered past; he had previously served prison time for conspiracy to commit bank fraud and once agreed that he could be described as a “slumlord.” He teed up deals that helped RealT to keep pace with the now-soaring demand for its tokens. I spoke with one investor, who posts on Telegram as TokNist, who said that when they first heard about RealT, they understood the proposition immediately. A French national living in Asia, TokNist (who asked to not be named out of fear of retaliation by other RealT investors) had wanted to buy real estate but couldn’t secure a loan. RealT offered a way to invest small sums without any bank involvement. “A lot of people are like me,” says TokNist. “They are not wealthy speculators. They are simple people who want a piece of …

Zillow Has Gone Wild—for AI

Zillow Has Gone Wild—for AI

Published by skeptic

This will not be a banner year for the real estate app Zillow. “We describe the home market as bouncing along the bottom,” CEO Jeremy Wacksman said in our conversation this week. Last year was dismal for the real estate market, and he expects things to improve only marginally in 2026. (If January’s historic drop in home sales is indicative, that even is overoptimistic.) “The way to think about it is that there were 4.1 million existing homes sold last year—a normal market is 5.5 to 6 million,” Wacksman says. He hastens to add that Zillow itself is doing better than the real estate industry overall. Still, its valuation is a quarter of its high-water mark in 2021. A few hours after we spoke, Wacksman announced that Zillow’s earnings had increased last quarter. Nonetheless, Zillow’s stock price fell nearly 5 percent the next day. Wacksman does see a bright spot—AI. Like every other company in the world, generative AI presents both an opportunity and a risk to Zillow’s business. Wacksman much prefers to dwell on …

Detroit Tenants Eye Ownership as Housing Commission Sells off Its Single-Family Homes

Detroit Tenants Eye Ownership as Housing Commission Sells off Its Single-Family Homes

Published by Sam Flores

Dozens of public housing tenants in Detroit are getting a once-in-a-lifetime shot at homeownership. But poverty and poor credit could still be stubborn barriers, even with financial support. The Detroit Housing Commission (DHC) is selling all 195 single-family homes in its portfolio and giving current residents priority to buy them. The agency is expected to announce the program Wednesday alongside a $1.2 million commitment from the Rocket Community Fund to support the first 10 home purchases. The money will grant buyers down payment assistance and up to $60,000 in repair work to be done by the DHC. “Our overall mission is to help families achieve stable homeownership that can lead to a more prosperous life,” said Beth Sorce, Rocket Community Fund’s senior director of housing stability. “Our investment with DHC is really about helping Detroit families achieve that dream of homeownership.” DHC Director Arthur Jemison said the program benefits both residents and the commission. It gives tenants a chance to buy homes at a discount and start building the generational wealth that’s remained out of …

Diddy, Luigi Mangione, and My Stint in the Alexander Brothers Jury Pool

Diddy, Luigi Mangione, and My Stint in the Alexander Brothers Jury Pool

Published by Sam Flores

In a Manhattan courtroom last week, I was made to explain myself to a federal judge, prosecutors, and defense lawyers for Sean “Diddy” Combs, Luigi Mangione, and Martin Shkreli. It was the first day of jury selection in the trial of the Alexander brothers, the high-flying real estate duo and a third sibling working in private security, on sex trafficking charges. One of the defendants had hired Marc Agnifilo and Teny Geragos, the sort of attorneys most likely to appear in the celebrity-adjacent press such as this magazine, and in some twist of fate, I had been called as a potential juror. After I was ushered into a sidebar conference—a huddle, inaudible to the gallery, of the lawyers on both sides, the judge, and in this instance, a journalist—I told Judge Valerie Caproni that I already knew the defense’s work: I had recently written about the cult of Agnifilo among Mangione’s supporters and the social media and legal offensive launched by Geragos on behalf of Combs. Surprised as I was to come face-to-face with this …

Gene Hackman’s Santa Fe Home Lists for .25 Million

Gene Hackman’s Santa Fe Home Lists for $6.25 Million

Published by José Betancourt

Gene Hackman’s longtime home in Santa Fe has quietly come onto the market, offering a rare look at the private world the actor built far from Hollywood. The 13,000-square-foot compound, listed for $6.25 million with Sotheby’s International Realty, sits on a hilltop in the gated Santa Fe Summit community, surrounded by piñon trees and open sky. From the property, the views stretch across the Jemez Mountains and north toward Colorado. Hackman and his wife, Betsy Arakawa, lived there for decades, making the house their primary retreat until their deaths last year. When Hackman purchased the property in the 1990s, it was a neglected 1950s structure in poor shape. Architect Stephen Samuelson once recalled that the house was “horrible,” though Hackman saw something worth saving. Drawn by Santa Fe’s light and isolation, he undertook an ambitious renovation alongside Samuelson and Harry Dapples of Studio Arquitectura, transforming the building into a sprawling, highly personal residence. Hackman pushed for openness and scale. Ceilings were raised, walls removed, and rooms allowed to flow into one another. He wanted a …

Europe needs ‘a huge wake-up call’ on the housing crisis, EU commissioner says – Talking Europe

Europe needs ‘a huge wake-up call’ on the housing crisis, EU commissioner says – Talking Europe

Published by Sam Flores

One of the most pressing issues in the EU is the housing crisis. Wages are not keeping up with the rising costs of accommodation, and paying the rent is a challenge for many – never mind trying to get on the property ladder. Meanwhile, homelessness has got worse. Our guest is the EU’s first housing commissioner, although his brief also covers energy – a key issue as the bloc tries to become more independent. Dan Jorgensen is a Danish Social Democrat, and in Denmark he was minister for climate and energy, and minister for development cooperation and global climate policy, before taking up the Energy and Housing portfolio for the EU in 2024. We start with the tensions over Greenland, and we ask Jorgensen if the EU has stood up for its interests forcefully enough. “I do think that the European Union has been quite strong in sending the message across the Atlantic to President Trump that we all stand behind Greenland,” Jorgensen replies. “The French president has also been very vocal, saying that the sovereignty …

Arizona Investors Bought up a Historic Detroit Neighborhood — Then Left It in Ruins

Arizona Investors Bought up a Historic Detroit Neighborhood — Then Left It in Ruins

Published by Sam Flores

A real estate gamble gone sideways has hollowed out more than a third of the apartment buildings in Palmer Park. Close to two dozen buildings in the neighborhood are practically abandoned, putting the viability of the neighborhood and its historic buildings at risk. Phoenix-based Urban Communities began buying multifamily buildings in the neighborhood near Detroit’s northern border in 2020. Today, all 21 buildings are either in receivership, foreclosed or highly distressed. Many are in dire physical condition. Listing photos and descriptions of the properties paint a grim picture. According to an inspection report of 361 Merton Road, the electrical wiring and much of the plumbing was stolen, several units sustained fire damage, the stairs weren’t secure, and paint and plaster were coming off the walls throughout the building. “Getting this building back to an occupiable condition will be a significant undertaking,” the report said. Not one of the properties elicited a single bid. Frank Simon, a court-appointed receiver tasked with marketing 14 of the buildings for sale, said he inherited a rough situation. “(The portfolio) …

Part of Centrepoint mall up for en bloc sale

Part of Centrepoint mall up for en bloc sale

Published by Sam Flores

The guide price translates to S$2,709 per square foot per plot ratio, after factoring in the land betterment charge of S$260 million for topping up the land tenure to a fresh 99-year lease. The property at 176A Orchard Road has 52 years remaining on its lease, a site area of approximately 44,700 sq ft and a gross floor area of 250,320 sq ft.  The site is currently zoned for commercial use under the 2025 Master Plan and has a gross plot ratio of 5.6 and a height control of up to 10 storeys. “Developers have been bidding aggressively for government land sale sites and some of these will be keen to buy a part of The Centrepoint,” said Jeremy Lake, managing director of Investment Sales and Capital Markets at Savills. Source link