Michigan coach Jim Harbaugh lists Bay Area estate for $12M

Former San Francisco 49ers head coach and Bay Area local Jim Harbaugh looks to sell his estate in the tony community of Atherton. Harbaugh, the head football coach at the University of Michigan, is asking $13 million for the 1.3-acre property, more than twice the $6.3 million he paid for it in 2012, according to the Los Angeles Times. The property includes an 8,500-square-foot home and a guest house with five bedrooms and eight bathrooms

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Met Museum among art institutions to get “green” funding

The Metropolitan Museum of Art in Manhattan dates back to 1880. The Museum of Fine Arts, Boston was built a decade before that. Both iconic and massive institutions hold some of the most important artworks in the world, but they don’t exactly hold their own when it comes to energy efficiency. Now, they are among 79 art institutions across the country that have received $5.1 million total from the Helen Frankenthaler Foundation to help upgrade

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China’s 2nd largest property developer is in big trouble

The hits keep coming for Evergrande Group, China’s second-largest property developer. The company’s stock price has dropped more than 70 percent in the last year, its bonds are at record lows, it is in deep debt and on Monday, S&P Global Rating cut its credit rating two notches, according to Bloomberg. A day after that, the firm’s stock price sank 13 percent after it announced it would not pay out a special dividend. Evergrande is

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Floor & Decor moving into site of shuttered Target in Commack

Target has a history of taking over abandoned locations left behind by other retailers. This time, however, another chain is moving into the site where a Target once stood. Hard-surface flooring retailer Floor & Decor is opening up its second Long Island location at 4 Henry Street in Commack, Newsday reported. The new location includes a 95,000-square-foot warehouse store and a design center. The store is expected to employ 50 people, both part-time and full-time.

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Treasury Department must give Trump’s tax returns to Congress: DOJ

The Department of Justice has ruled that the Treasury Department must surrender former president Donald Trump’s tax returns to congressional investigators. The House Ways and Means Committee requested returns from Trump’s taxes dating back to the years before his presidency. The Trump administration was unwilling to hand over the taxes, so the committee sued for them, according to the New York Times. The committee asked for the documents as part of a review of the

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Some say foreign buyers are back, but evidence is anecdotal

Signs abound that foreign home buyers are returning to the New York City market. Data to verify what some real estate agents are saying are scant, though. The pandemic made it unrealistic for international buyers to purchase real estate in the United States, given the travel restrictions and uncertainty about how high-end markets such as Manhattan would fare post-Covid. Some realtors are seeing a rebound in international interest, however, according to the New York Post.

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Robert Durst “too sick to continue” murder trial, defense claims

Robert Durst’s lead attorney wants the real estate scion’s murder trial to be stopped, claiming he is “too sick to continue.” Dick DeGuerin made another request for a mistrial to Los Angeles County Superior Court Judge Mark Windham on Thursday, according to the Los Angeles Daily News. The trial restarted with opening statements on May 18. Durst is on trial for the 2000 killing of friend Susan Berman at her home in Benedict Canyon. The

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Susan Rice to co-chair home appraisal inequity task force

Susan Rice is taking up the mantle of fighting housing inequity, serving as co-chair for a task force studying inequity in home appraisals. The former U.N. ambassador and Obama administration national security advisor will lead the new interagency task force along with HUD Secretary Marcia Fudge, HousingWire reported Thursday. The Property Appraisal and Valuation Equity task force, which will also include the secretaries of Agriculture, Labor, Education and Veterans Affairs, is expected to deliver a

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Tenant advocates frustrated with Biden’s eviction response

As President Joe Biden scrambles to save the federal eviction moratorium, some tenant advocates are expressing frustration that he waited until the 11th hour. The eviction moratorium is set to expire Saturday, which could leave millions of Americans in danger of being kicked out of their homes. Rep. Alexandria Ocasio-Cortez is among those lashing out at Biden, according to Bloomberg News. Ocasio-Cortez said the situation could have been avoided with “more forthright leadership from the

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Atlas plans 401-room hotel at 711 Seventh Avenue

Atlas Hospitality is diving into the pool of uncertainty that is New York City’s hotel industry, planning a 401-key establishment in the heart of Midtown. The hospitality firm filed plans with the Department of Buildings for a hotel at 711 Seventh Avenue. The approximately 140,000-square-foot hotel will be 32 stories and 343 feet tall, Crain’s reported. Prolific hotel architect Gene Kaufman is the designer of the building, which has no brand yet. The goal for

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