July 2021 - Rava Realty

Jared and Ivanka paid $24M for Indian Creek estate

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Ivanka Trump and Jared Kushner acquired a waterfront South Florida home — a six-bedroom, 8,510-square-foot mansion — for $24 million, The Real Deal has learned.

The 1.3-acre estate, with manicured landscaping, reflecting pools, a double staircase, a resort-style pool and a large dock, hit the market in October for nearly $25 million.

Indian Creek, a gated, guarded island north of Miami Beach, is home to a number of billionaires and celebrities. Homeowners include billionaire Carl Icahn, billionaire hedge funder Eddie Lampert, Hotels.com ...

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Real estate gets its candidate for mayor: Eric Adams

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Adams was heavily supported by business interests and real estate in particular. However, that was not the primary reason he won the Democratic primary, nor does it mean he will be in developers’ pockets when he takes office in January: His campaign platform calls for “aggressive” housing construction, but he has also blamed development for increasing rents in communities of color, criticized Brooklyn developers and recommended slashing the height of proposed towers that were opposed by NIMBY groups.

Adams, the Brooklyn-born son of a house cleaner and a butcher, and former captain in the ...

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MTA Unveils Next-Generation Subway Cars

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The next generation of subway cars is poised to hit the rails.

MTA unveiled their long-awaited R211 subway cars. Officials literally pulled a curtain to reveal the city’s first look at what could be a 1,600-car fleet crisscrossing subway lines.

Passenger service with the cars likely won’t start until September 2022, said Demetrius Crichlow, executive vice president and COO of New York City Transit. “We start qualifying and testing within the next few weeks, ...

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Bal Harbour investor sells waterfront lot for $55M

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Bal Harbour investor Joseph Imbesi sold a waterfront property on the site of the former yacht club for $54.9 million. It was listed for $65 million.

The property features a 915-foot seawall, seven boat slips and has already been approved for a helipad. According to the listing, the docks can be demolished to make way for a super yacht.

Josep Imbesi acquired the site as part of a larger $19 million ...

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Manhattan Real Estate Sales Market Update | 2nd Quarter 2021

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The Manhattan real estate market is experiencing a period of significant recovery. Although the inventory is still substantial, sales activity has exploded and the “covid discount” effect is already disappearing. It should be remembered that these data are somehow still influenced by the pandemic as they reflect the difference between this quarter and the same period last year.

Talking by Numbers. Let’s try ...

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