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This week in celeb real estate: Tinder co-founder eyes breakup with Montecito home, Beck’s former home lists for sale… and more

Aside from one $16 million sale in the South Bay, celebrities looked outside L.A. for their real estate fix this week. Two multi-million-dollar listings came up in Montecito, a celebrity enclave in Santa Barbara known to attract A-listers like Ellen DeGeneres and Oprah Winfrey. In Montecito, Tinder co-founder Sean Rad is looking to part ways with a ranch home he picked up from Ellen DeGeneres last year. The scenic six-acre compound is on the market …

What Do You Need to Know About Rent Back Agreements?

Rent Back Agreements can be advantageous to both buyers and sellers providing they are utilized judiciously. Ever hear of rent back agreements? So what are they, and what are the advantages and disadvantages associated with this kind of real estate transaction? Rent Back Agreements Defined Wikpedia defines rent back agreements as “a form of property transaction involving the expeditious sale of an owner occupier’s residence to a landlord or property company and renting it back from the new owner.” They are also known as post-settlement occupancy agreements. This kind of transaction allows a home seller to buy himself extra time to stay in the home after closing. …

Central Park Tower’s first public listings are coming soon

Get a glimpse inside what will be Manhattan’s tallest residential building Extell’s massive supertall at 217 West 57th Street, aka Central Park Tower, launched sales last year, but you wouldn’t know it from looking at StreetEasy. As is par for the course with überpricey Billionaires’ Row towers (see also: 220 Central Park South, 111 West 57th Street), the rollout of residences at the skyscraper has largely been shrouded in secrecy. But the veil will be lifted next week, when the…

Friend of a Farmer Building On the Market for $3.85 million

Cushman and Wakefield have been retained to coordinate the sale of 76 Montague Street, the two-story building most recently home of Friend of a Farmer.The building will be delivered vacant and could be developed as retail or residential.According to the listing, “76 Montague Street is an incredible opportunity for investors, developers, and users alike to secure an asset with significant upside in Brooklyn’s most affluent neighborhood.”More details here.Massey/Knakel photo from listing.

Top 5 Stories on Brownstoner This Week: A ‘Burg Bachelor Pad Transformed, a Covetable Kitchen

The Insider: Bright Park Slope Condo Stands Out for Covetable Kitchen and Out-of-the-Ordinary Baths When a developer purchased a century-old eight-family building outside the Park Slope historic district, he hired a childhood friend, architect Idan Naor of Gowanus-based Idan Naor Workshop, with a plan to massage the corner building, much wider… Read More >The post Top 5 Stories on Brownstoner This Week: A ‘Burg Bachelor Pad Transformed, a Covetable Kitchen appeared first on Brownstoner.

Freshly renovated manse heads to the auction block with no reserve

A newly remodeled mansion on the eastern edge of Los Angeles County is hitting the auction block with no reserve. The 7,250-square-foot Mediterranean-style mansion sits in a gated community in the city of Diamond Bar and will go to the highest bidder at an auction on June 1, according to Mansion Global. It’s a no reserve auction, which means the seller isn’t setting a bottom-end threshold for bids In other words, it could sell at …

Stalled funds stymie vision to revitalize South Bronx waterfront

The city allocated $2.75M for the Haven Project, but the funds remain stuck with the wrong agency On a recent Saturday afternoon, Melody Hernandez visited a dilapidated pier on the South Bronx waterfront at East 132nd Street. There is no open green space along its shore, no tree-lined patch of waterfront where residents can sit on a bench and gaze out at the water that encircles their community. Instead, she visited a rocky shore surrounded by a fence littered with trash, and wondered what it would be like one day to stroll on parkland there with her seven-year-old son. “We’re surrounded by waterfront, but my son is growing…

CB2 Hearing on “Out of Context” Downtown Development Wednesday Evening

The Brooklyn Heights Association and others are urging local residents to attend Community Board 2’s public hearing at 6:00 PM this Wednesday, March 28 at St. Francis College, 180 Remsen Street, on the appliction by a developer to build two residential towers, one 74 and one 38 stories, on a site bordered by Flatbush Avenue, Scheremrhorn and State streets, and Third Avenue. For renderings of the proposed buildings see here (the aerial rendering shows the even taller 9 DeKalb, on which construction began last year, in the background).Although the site is some distance from Brooklyn Heights, the BHA and some local residents…

Top 5 Stories on Brownstoner This Week: Weeksville Endangered, Design Shows to Catch

Breaking: Weeksville Heritage Center in Danger of Closing, Launches Crowdfunding Campaign The Weeksville Heritage Center is in danger of closing. It could happen as soon as July, according to an email sent today by the organization’s President and Executive Director Rob Fields. — Take in Some Interiors Inspiration at Design Shows During NYCxDesign… Read More >The post Top 5 Stories on Brownstoner This Week: Weeksville Endangered, Design Shows to Catch appeared first on Brownstoner.

San Francisco’s largest homeless shelter poised to face legal battle

San Francisco city officials approved the city’s largest homeless shelter last week, but fervent opponents of the project say they aren’t giving up their fight to kill it. The Embarcadero Navigation Center is set to occupy a Port of San Francisco-owned parking lot near beneath the Bay Bridge in Rincon Hill, a wealthy area of the city along its eastern waterfront, according to SFist. Attorney Andrew Zacks, who leads the opposition to the shelter, claimed …

Should You Sell Your Home First?

Should you sell your home first or wait until it sells to buy a new one? If you’re moving soon, you might be questioning whether or not you should sell your home before buying a new one. There are a lot of factors involved in answering this question and making a decision. But hashed out below are the pros and cons of each. Now you can decide whether or not you should sell your home first before buying a one. And you can decide with confidence.   Yes, …

City works to refine plans for bus-truck priority on 14th Street

Transit officials are fine-tuning the plan set to roll out in June A week after the city announced it is moving ahead with a bus and truck throughway on 14th Street, finer points of the plan are trickling in, but the Department of Transportation (DOT) is still grappling with crucial components of the restricted corridor. In April, the de Blasio administration finally revealed its plans to deal with 14th Street during the L train slowdown, opting to ban private cars on 14th Street between Third and Ninth avenues as part of an 18-month pilot program to speed up buses. Under the…

Will Hell Freeze Over? Bossert Said to Have “Soft Opening” in August

Brownstoner reports that the Bossert Hotel, at Montague and Hicks streets, may have a “soft opening” in August, followed by a “hard opening” in September. The owners have applied for a liquor license, in which they have disclosed these details:The liquor license will cover a restaurant on the ground floor and a bar in the lobby (which will have live piano music), two ballrooms (used for weddings and other events) and a bar on the 14th floor that has both indoor and outdoor …

Top 5 Stories on Brownstoner This Week: A Townhouse Reno Brings a Garden View

Two Recently Renovated Brownstones and More to See This Weekend, Starting at $1.25 Million For these open house picks, we have a spectrum of period homes in a range of conditions, all with impressive original details. — 6 Things You Must Know Before Installing a Fence When the groundhog tests the weather in early… Read More >The post Top 5 Stories on Brownstoner This Week: A Townhouse Reno Brings a Garden View appeared first on Brownstoner.

One of Karl Lagerfeld’s final works, a luxury apartment tower, is rising in Taiwan

Those mourning the loss of fashion icon Karl Lagerfeld will soon be able to turn to a new high-rise in Taiwan to purchase a piece of the late designer’s final works. In 2014, developer Jut Group teamed up with the late Chanel and Fendi creative director to design an apartment tower in Taichung City, Bloomberg reported. The building is expected to be completed by 2022. Lagerfeld designed almost every aspect of the building, from the …

As L train repairs loom, rents in north Brooklyn have dropped

Apartments in the neighborhoods affected by the train’s ‘slowdown’ were re-listed at lower asking rents in the first quarter of 2019 A new StreetEasy study on the rental market found that rents in neighborhoods served by the L train haven’t rebounded (as was expected) when the full shutdown of the line was cancelled and a “slowdown”—which starts today—was proposed instead. Earlier this year, StreetEasy’s senior economist Grant Long predicted that rents would “rise sharply” after the L train full shutdown was called off. But it…

Design/Build for BQE Renovation Approved

The Brooklyn Heights Association has let us know that the state budget, passed by the legislature and approved by Governor Cuomo on Friday, includes approval for the use of a design/build procedure for the renovation of the crumbling Brooklyn Queens Expressway below Brooklyn Heights. As the BHA noted:This victory is the culmination of months of community effort, led by the BHA, to urge the legislature to enact a measure whose passage failed during the past two years. Had it not passed now, DOT would have proceeded with a Design-Bid-Build approach, which would have cost $113 million more to complete the BQE project and led to trucks being diverted onto local Brooklyn streets in…

Top 5 Stories on Brownstoner This Week: Rendering Shows Pool Atop Landmarked Dime Savings Bank

6 Things You Must Know Before Installing a Fence When the groundhog tests the weather in early February, it’s time to start thinking about the rotting fence you never got around to replacing. Fencing comes in a wide variety of styles and materials, not to mention price ranges, from premade fence… Read More >The post Top 5 Stories on Brownstoner This Week: Rendering Shows Pool Atop Landmarked Dime Savings Bank appeared first on Brownstoner.

Architecture’s final frontier: Here’s what houses on Mars might look like

The most Earth-like planet in the solar system, Mars has always looked like an obvious choice for future human colonization. But what would houses on Mars actually look like? A NASA-sponsored contest, called the 3D-Printed Habitat Challenge, seeks to answer that question. Launched in 2015, the contest’s third and final phase is set to wrap up next month. Though the premise is literally out of this world, technology developed for outer-space living