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1951 Frank Lloyd Wright Residence in Minneapolis Lists for $2.5M
2 days ago•Source: CBS News
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4.27 min•3 days ago
Tishman Speyer to invest $235m in restoring the Chrysler Building
Tishman Speyer has secured a 150-year ground lease for the Chrysler Building from Cooper Union, committing $235 million to restore the landmark. The deal addresses the building's low occupancy and disrepair while funding the college's scholarship initiatives.
1.135 min•3 days ago
Tishman Speyer to invest $235m in Chrysler Building restoration and lease
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Midtown’s Secondary Corridors Absorb Office Demand as Prime Space Fills
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Palm Springs Couple Lists 1954 'Happy House' with Pink Doors and Murals for $2.3M
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Thiel Acquires Bel-Air’s Casa Encantada in $130M Foreclosure Deal
Peter Thiel has been identified as the secret buyer of the historic Bel-Air estate Casa Encantada, which sold for $130 million in a July foreclosure auction. The 1938 mansion, previously owned by telecom mogul Gary Winnick, is the most expensive home sale in Los Angeles this year. Thiel, who does not plan to reside there, views the property as an investment to be upgraded, adding it to a global real estate portfolio that includes homes in Miami, Washington DC, and Buenos Aires.
Tyler Perry Lists $57M Beverly Hills Estate as He Relocates to Puerto Rico
Billionaire filmmaker Tyler Perry has listed his 22.5-acre Beverly Hills estate for $57 million, a move that coincides with his planned relocation to Puerto Rico in early 2027. The property, which previously housed Prince Harry and Meghan Markle, is part of a broader real estate exit strategy by Perry, who also recently listed a Wyoming retreat.
San Francisco Renter Rejects $35,000 Buyout Due to Housing Market Nightmare
A San Francisco tenant is refusing a $35,000 cash offer to vacate her apartment because the cost and difficulty of finding new housing in the city are too high. The landlord also requires a nondisclosure agreement, adding to the tenant's hesitation. This case highlights the extreme tension in San Francisco's rental market, where strict rent controls lead to large buyouts but do not solve the underlying affordability crisis for renters.
Wahlberg and McCarthy List St. Charles Estate for $2.8M After Restaurant Closure
Donnie Wahlberg and Jenny McCarthy have listed their 7,236-square-foot St. Charles, Illinois home for $2.799 million, marking the end of an 11-year residency in the Fox River Valley town. The property, purchased in 2015 for $1.1 million, features six baths, a swimming pool, and floor-to-ceiling windows overlooking wooded grounds. The sale follows the abrupt June closure of their Wahlburgers restaurant in St. Charles, which the chain said was relocating without specifying a new site. While the couple has not publicly explained the move, the listing coincides with shifting production schedules for McCarthy’s TV appearances and Wahlberg’s ongoing Las Vegas residency.
Angelina Jolie Closes $24.75M Sale of Historic Los Angeles Estate
Angelina Jolie has sold her former Los Angeles residence for $24.75 million, a slight discount from her $29.9 million asking price. The historic six-bedroom estate, previously owned by filmmaker Cecil B. DeMille, was purchased by Jolie in 2017 for $24.5 million. The sale follows her public statements about leaving the U.S. once her youngest children reached adulthood, a milestone achieved in July 2026.
Deer Park Town Center Sold for $125M, Setting Chicago Retail Record
Deer Park Town Center has been sold for $125 million to a joint venture of Brand Street Properties and AEW Capital Management, marking the largest Chicago-area retail sale in ten years.
Gaines Sell Waco Castle After Decade-Long Restoration
Chip and Joanna Gaines have sold their historic Waco Castle, a property they renovated over nearly 20 years. Listed for $2.7 million in June 2026, the 136-year-old estate was fully furnished and sold to a buyer, though the final price remains unconfirmed. The couple also listed two other properties, the Hillcrest Estate and the Gristmill, for sale.
Housing Costs Jump Again as Midterms Near, Keeping Buyers Strapped
Ahead of the midterm elections, US housing costs stay stubbornly high as Freddie Mac reports 30-year mortgage rates climbing to 6.95%—the highest since January 2025—after the Fed’s rate hike and with the 10-year Treasury yield near its peaks. Builder confidence is at a multi-year low, mortgage applications are weak, and higher building-material costs compound the problem. About 49% of US metro areas now require roughly $100,000 in annual income to qualify for a mortgage on a median-priced home (with a 10% down payment), up from 6% in 2019, underscoring widening affordability gaps even as real median household income in 2025 stood around $87,460. The housing crunch could influence voters as consumer sentiment deteriorates and policymakers grapple with the affordability squeeze.
Starter-home energy bills can surprise first-time buyers
First-time buyers should budget for utility costs beyond the mortgage, as national average monthly bills rose to $412 in 2025 (a 7% increase from 2024). The Washington Post article urges buyers to factor energy costs into their housing budget and to consider cost-saving steps, such as insulating attics and pursuing energy-efficiency improvements, to avoid sticker shock after purchase.
Libbie Mugrabi defies eviction after $25M Hamptons mansion auction
Libbie Mugrabi refuses to vacate the $25M Bridgehampton mansion after a court-ordered foreclosure auction, with her attorney filing to invalidate the sale; Mugrabi says a lender is ready to back a loan to keep the home, using a Basquiat painting as collateral, while Henry Ikezi won the auction for $5.86 million, though the outcome may still be challenged in court.