Real Estate

Welcome to AD Pro’s biweekly real estate roundup, covering the biggest deals, most important announcements, and notable listings. This week, Stan Lee’s daughter lists the comic book writer’s final home in the Hollywood Hills, the Novogratzs’ own Manhattan town house is listed for $22.85 million, and a mass timber building breaks ground in Austin. In this roundup, AD PRO has everything you need to know.

Pending home sales in the U.S. rose by 2% in September compared to the previous year, marking the most significant boost since 2021, according to a recent report from Redfin. This uptick suggests that the stagnant real estate market is showing signs of revival.

The Texas State Affordable Housing Corporation and Corporation for Supportive Housing have convened the latest cohort of the Texas Supportive Housing Institute, which aims to create 530 affordable homes across the state. The cohort includes a partnership with Austin-based entities Vecino Group and Family Eldercare. The team will focus on the development of Cairn Point Montopolis, a 150-unit senior community that will include 65 units of permanent supportive housing, 15 of which will be set aside for military veterans at risk of experiencing homelessness. “Each home created through the Institute transforms lives and builds safer, resilient neighborhoods. When communities invest in supportive housing, they save resources diverted from costly emergency systems and intuitional care,” Brooke Page, southwest director at CSH, said in a prepared statement. “TSAHC has been an invaluable partner in accelerating supportive housing development in Texas, and we are inspired by teams across the state dedicated to making a positive impact and building vibrant communities.”