In the 1990s, some of the trailers at Paradise Cove went for as little as $25,000, while trailers with an ocean view sold for up to $400,000. But in the housing boom of 2006, prices went up tenfold, much more than in the rest of Malibu, even though buying a trailer is a pretty sketchy […]
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Posted inEditor's Pick
Monetizing the Celebrity Meltdown
Tom Barrack, a billionaire investor who made his fortune in real estate, has discovered a market in distressed celebrities. With Neverland Ranch and Miramax under his belt, he’s now on a shopping spree—and bringing along his buddy Rob Lowe.
Posted inEditor's Pick
Mikhail Prokhorov, the Playboy and His Power Games
You might think that Mikhail Prokhorov would have had a not-so-soft case of buyer’s remorse this past spring. A month before the start of the National Basketball Association season, the 45-year-old Russian billionaire struck a deal to buy the New Jersey Nets from the real estate developer Bruce C. Ratner. When the league owners finally […]
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The Hamptons Stress Test
As summer begins, what better way to measure Wall Street’s health than a real-estate tour of the Hamptons? For every mansion on the sales or rental market, there’s a story—sometimes involving Bernie Madoff—and brokers are shell-shocked. The author surveys the deals, no-deals, lawsuits, divorces, and teardowns that characterize this strange, dark season.
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Real Estate in Cape Coral Is Far From a Recovery
As we navigate this speculator’s paradise turned financial wasteland, Mr. Joseph stands at the front of the bus in a green polo shirt, highlighting specimens like this one: a white stucco house fronted by palm trees and topped by a Spanish tile roof on a canal emptying into the Gulf of Mexico. It last sold […]
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The Saving of Ground Zero
To the degree that it’s possible for a 102-story building to take a city by surprise, One World Trade Center snuck up on the New York skyline. For years the project, conceived in the throes of tragedy, has been debated, negotiated, renamed, redrawn, hailed as a beacon, and maligned as a boondoggle. It wasn’t until […]
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Muhammad Comes to Manhattan
The imbroglio over the ground-zero mosque, like all New York stories, is about the clashing dreams of ordinary folks — and, of course, real estate. #Sept11
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Bohemian Cove: Inside Malibu's Hottest Trailer Park
Bohemian Cove: Inside Malibu’s Hottest Trailer Park In the 1990s, some of the trailers at Paradise Cove went for as little as $25,000, while trailers with an ocean view sold for up to $400,000. But in the housing boom of 2006, prices went up tenfold, much more than in the rest of Malibu, even though […]
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The Boy from Gitmo
The Boy from Gitmo A month ago, he’d been working at Parris Island, South Carolina, capping a distinguished career during which he’d won more than 95 percent of his cases. He’d recently bought a big house with a huge kitchen and a fountain out back for his wife and two boys-and had begun to turn […]
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Longreads Best of 2012: Doree Shafrir
Doree Shafrir is the Executive Editor of BuzzFeed. Her story, “Can You Die from a Nightmare?” was featured on Longreads in September. This year I read a lot of great personal essays, but these were my favorites. Meaghan O’Connell, “Places I’ve Lived: A Nanny’s Room, the Perfect Sublet, and a Place You Can Instagram,” The […]
