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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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Gloria Vanderbilt’s Beekman Place apartment lists for $1.1M

Those looking to live like a Vanderbilt may be interested in a new listing in Turtle Bay. Gloria Vanderbilt’s son, CNN anchor Anderson Cooper, is selling the apartment at 30 Beekman Place where his late mother lived for more than two decades, the New York Times reported. Listed by Ileen Schoenfeld and Aracely Moran of Brown Harris Stevens, the apartment is asking $1.125 million, plus $4,311 in monthly maintenance. Vanderbilt’s home comes with two bedrooms,

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Columbia Property Trusts reports first net loss of pandemic

For the first time since the onset of the pandemic, Columbia Property Trust reported a net quarterly loss. Revenue for the second quarter was $63.4 million — down 20 percent from a year ago and down 1.5 percent from the first quarter — and the firm lost about $6 million. The real estate investment trust’s normalized funds from operations per share was $0.32, down 20 percent from a year ago, and down 8.6 percent from

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Jersey City to provide up to $10K more rent relief per tenant

More rent relief is on the way for some Jersey City tenants and landlords, but with caveats. The mayor’s office and housing authority will provide up to $10,000 in rental assistance per household to low-income families in small-unit buildings. Qualifying families in owner-occupied buildings with fewer than five apartments will get priority, the mayor’s office announced last week. Participating landlords cannot evict the tenant or raise rent for a minimum of one year after receiving

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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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