Another massive property outside LA lists for $75M

A 3,200-acre expanse in the hills of Santa Barbara County is hitting the market for $75 million. The property comes shovel-ready with plans for an 8,000-square-foot mansion designed by prolific Southern California architect Paul McLean, according to the Wall Street Journal. It also has permits for guest houses. It’s the second property of its kind to list in the area this week. The first was the 3,600-acre Black Mountain Ranch in nearby Ojai, home to

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The 10 priciest Hamptons sales this year

Home sellers’ usual strategy is to list in the spring, when buyers are most active. But Hamptons buyers could hardly be more active than they have been in recent months. Jonathan Miller, president of appraisal firm Miller Samuel, gave The Real Deal a rundown of the 10 most expensive South Fork deals to close to date in 2021. 1. 70 Further Lane | $60 million The most expensive sale to date in 2021 closed in

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Blackstone buys San Diego apartment complexes in $1B deal

Blackstone Group is planning to buy about 5,800 apartment units in San Diego for more than $1 billion. The New York-based private equity and investment firm has agreed to purchase 66 complexes across the city from the Conrad Prebys Foundation, according to the San Diego Union-Tribune. It also plans to make $100 million in improvements to the properties. With the deal, Blackstone will own 6,700 units in the Southern California city. It already owns $4.5

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Southampton home in exclusive enclave sells for $34.5M

An estate in an exclusive Southampton enclave has sold for $34.5 million in an off-market transaction. The 15,500-square-foot residence at 9 Olde Towne Lane hosts 10 bedrooms, 12 bathrooms and three half-baths. The four-acre estate was designed by John Kean of Kean Developments and is one of 10 parcels that make up the 47-acre private residential community Olde Towne. The house, built in 2015, was once listed by Corcoran, Douglas Elliman and Sotheby’s International Realty

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Disbarred Bellmore attorney accused of stealing escrow funds

The Nassau County District Attorney’s office has charged a disbarred Bellmore attorney with grand larceny, and accused him of stealing $372,500 in escrow funds from a client, according to Newsday. Gregg A. Luckman represented a client in the $7.4 million sale of a Manhattan apartment in June 2018. An Appellate Division committee disbarred him a month later amid an investigation of professional misconduct, including allegations of misappropriation of client funds and failure to safeguard escrow

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Simon says suburbia is hot, raises guidance for 2021

After a devastating year of mall closures and tenant bankruptcies, Simon Property Group raised its guidance, saying that people are returning to its retail centers. “We are encouraged with what we are seeing in terms of sales traffic,” said David Simon, CEO of Simon Property Group, during the company’s first-quarter earnings call. “Suburbia is hot, suburbia is the place to be and we just happen to have a lot of great, well-located suburban real estate.”

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More Trumps buy in South Florida: Eric, Lara paid $3M for Jupiter home

Eric and Lara Trump purchased a South Florida home in the same town as Donald Trump Jr. The Trump couple paid $3.2 million for a 7,715-square-foot house in Jupiter, property records show. The four-bedroom, five-bathroom home is in the Trump National Golf Club community. Their purchase closed in March and was first reported by Business Insider. The two-story house at 502 Bald Eagle Drive was built in 2004. Robert and Natalie Lucia sold the property.

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Mack-Cali Realty revamps Harborside office complex

After spending more than $100 million redeveloping its Harborside office complex in Jersey City, Mack-Cali Realty is looking to attract new tenants to the 4.3 million-square-foot campus. The highlight of the makeover is at Harborside 1, which got a new facade, a new lobby that provides access to an indoor retail section, and a terrace with views of Manhattan and the Hudson River, the New York Post reported. Ed Guiltinan, Mack-Cali’s senior vice president of

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Prolific architect Chicago Helmut Jahn dies at 81

Helmut Jahn, a world-renowned architect who designed some of Chicago’s most notable buildings, died Saturday from injuries suffered in a cycling accident in the suburb of Campton Hills, the Chicago Tribune reported. He was 81. The prolific architect designed many iconic — and sometimes controversial — structures in the Chicagoland area, including Accenture Tower in the West Loop, the 23-story addition to the Chicago Board of Trade and United Airlines Terminal 1 at O’Hare International

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Miami Heat’s Victor Oladipo buys non-waterfront Miami Beach spec home for $8M

Miami Heat player Victor Oladipo scored a Miami Beach spec home for $7.8 million, The Real Deal has learned. The deal marks a record for a non-waterfront home in Miami Beach. The previous record was $6.5 million for a nearby Hibiscus Island home in February as well as for a North Bay Road home in April. Oladipo, whose full name is Kehinde Babatunde Victor Oladipo, bought a 6,900-square-foot, seven-bedroom, seven-and-a-half bathroom house on South Hibiscus

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