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Evergrande posts photos of workers at dozens of job sites as troubles mount

China Evergrande Group, whose $300 billion of liabilities make it the world’s most indebted developer, tried to reassure investors that it’s still hard at work as it missed its second offshore bond interest payment in a week. At least three local Evergrande offices posted time-stamped photos of workers at construction sites on social media, according to Insider.The Pearl River Delta office posted photos from Sept. 24 and said it would deliver on time 20 local

How Does Capital Gains Tax Affect Property Owners?

President Biden has proposed a capital gains tax increase. At the time of writing this blog post, it has not yet passed. But, many are wondering how this increase would affect them when they sell their real estate holdings. When was capital gains tax implemented? Capital gains tax has been in existence as far back as 1913. Taxes were calculated at the ordinary tax rate of the time. The capital gains tax rate has been lower than the top ordinary income tax rate since the 1950s. The percentage of taxation…

Top 5 Stories on Brownstoner This Week: A Park Slope Townhouse Gets a Blue Hued Makeover

The Insider: Blue Hues Prevail in Decor of Newly Renovated Park Slope Townhouse When interior designer Alicia Hassen of Brooklinteriors got involved with the renovation of a landmarked, detail-laden limestone right off Prospect Park, permits had been filed and the cellar was being dug out for two more feet of ceiling… Read More >The post Top 5 Stories on Brownstoner This Week: A Park Slope Townhouse Gets a Blue Hued Makeover appeared first on Brownstoner.

Robbie Williams asks $9.2M for his sprawling English estate

British pop star Robbie Williams and his wife, Ayda Fields, aim to sell their English country estate in a strong market for the stately properties. The couple is asking £6.75 million, or $9.2 million, for the 72-acre property in Compton Bassett, Wiltshire, according to Mansion Global. The estate has its roots in the mid-1500s, when an English politician bought the property and its manor house from the royal family. Another home was built a century

Top 5 Stories on Brownstoner This Week: A Neo-Grec in Bed Stuy Gets a Pared-Back Reno

The Insider: Bed Stuy Townhouse Emerges From Gut Reno With Pared-Back, Contemporary Style No sooner did Nathan Cuttle’s clients, an art professor and a sound engineer with a young child, close on their three-story Neo-Grec brick row house than they procured a demolition permit. “They wanted to get started,” said Cuttle,… Read More >The post Top 5 Stories on Brownstoner This Week: A Neo-Grec in Bed Stuy Gets a Pared-Back Reno appeared first on Brownstoner.

Pennsylvania town offers big incentive for people to fix homes

In an attempt to reverse decades of economic decay and attract investment, a city outside Pittsburgh is dangling a major incentive on its vacant homes. Monessen Mayor Matt Shorraw said his administration will wipe out back taxes on properties if a new owner commits to cleaning them up and renovating, according to the Wall Street Journal. The Pennsylvania city has so far managed to find owners — about half of whom are investors — for

Top 5 Stories on Brownstoner This Week: Cyclists Try Out the Brooklyn Bridge Bike Lane

Brooklyn Heights Carriage House Rental With Private Outdoor Space Asks $2,800 a Month It is indeed on the petite side, but this rental does come with a bit of outdoor space and the ability to boast of carriage house living on one of Brooklyn Heights’ picturesque lanes. — A Renovated Bed Stuy Brownstone… Read More >The post Top 5 Stories on Brownstoner This Week: Cyclists Try Out the Brooklyn Bridge Bike Lane appeared first on Brownstoner.

US office investment market remains well below 2019 levels

The U.S. office investment market has yet to recover from the pandemic, as sales volume remains well below 2019 levels. The dollar volume of investment sales transactions across the top 30 markets totaled $28 billion in July. That was 45 percent below the July 2019 amount of $39.5 billion, according to Reonomy figures first reported by Commercial Observer. Comparing volume in Q2 2021 and Q2 2019, some metro markets appear to be recovering — total

Why Buyers And Sellers Need A Trusted Brooklyn Real Estate Agent

A trusted Brooklyn real estate agent might be the best investment you make in your home buying or selling endeavor. There is a tendency to believe you can do it yourself in a hot real estate market, especially for home sellers. However, having an experienced real estate professional as a partner in the home selling or buying process is a valuable step that can significantly reward you. A buyer’s agent will genuinely represent the best interests of a homebuyer …

'Only Murders in the Building,' dangers of basement apartments, & more

This week readers visited Brick Underground to check out our review of Hulu’s “Only Murders in the Building” starring Selena Gomez, Steve Martin, and Martin Short as three neighbors obsessed with true crime who are brought together by a death in their building. They live in a luxury co…

Arrivederci, Giulia!

We hardly knew you! Word is that the restaurant, formerly the Heights Café, has been sold, though we don’t yet know to whom. It opened just under three months ago, and will close at the end of this week. We’re told that Dellarocco’s, which has the same ownership as Giulia, has not been been sold and will continue to make pizza.

Top 5 Stories on Brownstoner This Week: Brooklyn Homes on the Market

Brooklyn Heights Carriage House Rental With Private Outdoor Space Asks $2,800 a Month It is indeed on the petite side, but this rental does come with a bit of outdoor space and the ability to boast of carriage house living on one of Brooklyn Heights’ picturesque lanes. — Spacious Flatbush Co-op With Fanciful… Read More >The post Top 5 Stories on Brownstoner This Week: Brooklyn Homes on the Market appeared first on Brownstoner.

Home prices in cities across Asia-Pacific shot up in the past year

Home prices in more than a half-dozen major cities across Asia Pacific, including Beijing, Auckland and Tokyo, jumped up by double-digit percentiles over the last year. Cheap mortgages and strong demand are driving up prices, much as in the U.S. and around the globe, according to CNBC. Topping the list was Auckland, New Zealand, where prices surged 25 percent in June from a year ago. New Zealand considered to be at high risk of a

Is It True? Answering Myths About Real Estate Agents!

There are many myths about real estate agents floating about; many have been hanging around for years. Since 1900 real estate has been a profession, and many myths about real estate agents still exist. Having over 30 years of experience in the Brooklyn real estate market, I can address these misunderstandings. In addition, I think I may have answered questions from family, friends, and clients over the years related to all 15 of these myths. Real estate agents earn a 6% commission. It is important to remember that commission is always negotiable. But, an average commission would be around 6%. That is a contractual agreement between the seller and the listing agent and brokerage they choose to sell their home. After a …

Latest Montague Restaurant Rumblings

The scuttlebutt is that the Teresa’s site, which has been vacant since before the pandemic, will become a Korean restaurant. If so, I welcome it. My limited experiences of Korean cuisine to date have been pleasing. I’ve yet to try kimchi, which I suspect is somewhere in my wheelhouse of spicy and sour. If I do my wife, who has a very sensitive nose, may take exception. I saw lights on in the restaurant space on Friday, which indicates something may be going on, if not just a fire inspection.Giulia has closed, but there are no signs of transition…