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Sandro Rosell
FC Barcelona President
Saturday, August 19, 2017

Real Estate

Although purchasing a house in the Hamptons may be out of many families’ budgets, renting a home has turned out to be a great alternative. The New York Times recently did a story on a family who did just this.

Jon and Michelle Wolk wanted a Hamptons vacation home for themselves and two young children. Unfortunately, buying was out of the question with prices ranging from $600,000 to $800,000. So, they decided on a summer rental. 

Jon Wolk, who is a senior vice president of finance at a global investment firm, told the Times, “We thought: ‘Let’s test the waters and get a better sense of what the expenses of owning a second home would be. If something breaks I can send the owner a text. I like the fixed-expense aspect.”

Renting a house in

Construction plans for Gary Barnett’s $4 Billion Central Park Tower were released and one of the most expensive units is going for $95 million and includes an outdoor pool, reports The Real Deal.

The 100th floor of the most expensive residential building ever planned in New York City contains some of the most lavish amenities including a grand ballroom and a beautiful view of Central Park, but it is the unlisted units that contain some of the most luxurious plans, says The Real Deal.


According to The Real Deal, Resorts World Casino at Aqueduct Racetrack pulled in $290 million in order to refinance the property last Thursday.

The funding, provided by Wells Fargo, is $82 million in new financing, which replaces the principal on a $225 million loan the bank issued last year, reports The Real Deal.

Resorts World Casino operates its complex at 110-00 Rockaway Boulevard in Queens and had announced last year that it was planning a $400 million expansion of the property, says The

Developers have made plans for dozens of new rentals and condos as the Second Avenue subway celebrates its first six months of operations. 

The new subway route extends the Q line through the Yorkville neighborhood, which is now the site for many new developments, according to analyses from Halstead Property Development Marketing and Brown Harris Stevens Development Marketing.

Longtime agent in the area, Sotheby’s International Realty’s associate broker Nikki Field, told the New York Times

Founded in 1915, the Durst Organization is one of New York’s oldest family-run real estate companies. In the past, the company has overseen the development of such projects as the One World Trade Center. Now, Durst has set its sights on another ambitious project with the development of a 63-story tower near Queens Plaza’s Clock Tower building, according to city records cited by DNA 

According to a June 30 report by the Real Deal, the tower will boast 763 rental units and 8,702 square