Month: May 2024

USA

Institutional investors are back in the industrial property game – LA Daily News

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Commercial real estate ownership is divided into those that use it for their operations and those who rely on the occupant to pay rent, also referred to as investors. Sure, there is also a subset of occupant-investors — those who own the building from which their business operates. But today’s column focuses on the institutional investor. First, a bit of background on the characteristics of this genre. Generally, the institutional investor sources its capital through other people. You may be thinking along these lines: My neighbor encouraged me to invest…

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USA

Daniel Daggers of ‘Buying London’ its ‘Gold Standard’ UK real estate against U.S. market – New York Post

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If you’ve already binged “Selling Sunset” and “Selling the OC,” you can keep calm and carry on watching Netflix’s next foray into real estate reality TV, “Buying London.” The United Kingdom–based series, premiering on Wednesday, stars real estate adviser Daniel Daggers and a team of agents from his DDRE Global real estate firm. Over the course of his career, Daggers has racked up more than $5.5 billion in home sales in the U.K.’s luxury real estate market, which is referred to as the “super prime market” across the pond. “It’s…

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Dubai

Nestopa.com Expands Global Presence: Launches Property Portal in Dubai to Connect Middle Eastern and Thai Real … – openPR

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Image: https://www.getnews.info/uploads/e02481cf9d7b8398b0bf4dfd6704507f.png Nestopa.com, the fast-growing property portal in Thailand, announced today its plans for expansion into new markets. Launched in April 2023, Nestopa has quickly become a trusted resource for property seekers across Thailand, offering a comprehensive platform for buying, selling, and renting real estate. Building on its success in Thailand, Nestopa is set to launch its property portal in Dubai in Q2 2024. This expansion marks a significant milestone for the company as it ventures into the Middle East market, bringing its expertise and innovative approach to property search…

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Dubai

Nestopa.com Expands Global Presence: Launches Property Portal in Dubai to Connect Middle Eastern and Thai Real … – News Channel Nebraska

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Nestopa.com, the fast-growing property portal in Thailand, announced today its plans for expansion into new markets. Launched in April 2023, Nestopa has quickly become a trusted resource for property seekers across Thailand, offering a comprehensive platform for buying, selling, and renting real estate. Building on its success in Thailand, Nestopa is set to launch its property portal in Dubai in Q2 2024. This expansion marks a significant milestone for the company as it ventures into the Middle East market, bringing its expertise and innovative approach to property search to a…

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California

Is Skate Legend Tony Hawk About To Buy An Entire Southern California Town For $6,600,000? – AOL

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Eric McConnell May 24, 2024 at 5:00 PM Is Skate Legend Tony Hawk About To Buy An Entire Southern California Town For $6,600,000? California real estate is famous for its insanely high prices, but that doesn’t mean there is a shortage of intriguing investment opportunities in the Golden State. One such opportunity is the town of Campo, which is on sale for $6,600,000. That price includes the entire town, meaning all its land, buildings and roads will be the exclusive property of whoever closes the deal. Considering that the median…

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Dubai

From 10-bed ‘ultra-luxury’ mansion in Dubai, to lavish Edwardian family home in London’s Primrose Hill: The mu – Daily Mail

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By Piriyanga Thirunimalan Published: 16:13 EDT, 24 May 2024 | Updated: 20:25 EDT, 24 May 2024 A British version of Netflix‘s L.A-based hit series Selling Sunset premiered earlier this week and follows the fortunes of millionaire property mogul Daniel Dagger and his team of estate agents as they try to sell London’s most expensive homes. The series – titled ‘Buying London’ – will be released on May 22 and will see Daniel’s staff at real estate firm DDRE Global navigating the super prime high-end real estate market. Netflix has said the show…

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Dubai

From 10-bed ‘ultra-luxury’ mansion in Dubai, to lavish Edwardian family home in London’s Primrose Hill: The multi … – Daily Mail

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By Piriyanga Thirunimalan Published: 16:13 EDT, 24 May 2024 | Updated: 20:25 EDT, 24 May 2024 A British version of Netflix‘s L.A-based hit series Selling Sunset premiered earlier this week and follows the fortunes of millionaire property mogul Daniel Dagger and his team of estate agents as they try to sell London’s most expensive homes. The series – titled ‘Buying London’ – will be released on May 22 and will see Daniel’s staff at real estate firm DDRE Global navigating the super prime high-end real estate market. Netflix has said the show…

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California

California Median Home Prices Near $1 Million For The First Time – AOL

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May 24, 2024 at 12:30 PM California Median Home Prices Near $1 Million For The First Time California’s housing market hit a new milestone in April as median home prices neared the one million dollar mark, setting records during the state’s buoyant spring buying season. The California Association of Realtors (CAR) reported that the median home price in the state soared to $904,210 in April, an 11.4 percent increase compared to last year, solidifying the market’s strength. Despite daunting price levels and elevated mortgage rates, California’s real estate market continues…

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California

California Median Home Prices Near $1 Million For The First Time – Yahoo Finance

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California Median Home Prices Near $1 Million For The First Time California’s housing market hit a new milestone in April as median home prices neared the one million dollar mark, setting records during the state’s buoyant spring buying season. The California Association of Realtors (CAR) reported that the median home price in the state soared to $904,210 in April, an 11.4 percent increase compared to last year, solidifying the market’s strength. Despite daunting price levels and elevated mortgage rates, California’s real estate market continues to demonstrate resilience. However, according to…

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California

Real Estate Hiring Hits a Wall in Southern California – The Real Deal

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Hiring for real estate jobs in Southern California has stalled at the start of the spring sales season. Property-linked employment in Los Angeles, Orange, Riverside and San Bernardino counties was 773,600 in April — up 200 for the month, the Orange County Register reported, citing state employment figures. That’s 97 percent below the April average between 2015 and 2019, before the pandemic, when 7,540 jobs were added. Blam rising mortgage rates, which have slowed new construction and the pace of real estate deals, according to the Register. Over the past…

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USA

Report flags over $2.6B laundered through US commercial real estate – ICIJ.org

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At least $2.6 billion of illicit or suspicious funds were invested in commercial real estate across the United States over the last 20 years, according to a new report by a network of anti-corruption advocacy organizations. The report, published in early May, analyzed 25 cases from publicly available sources, such as government indictments and news reports, to give a glimpse into how commercial properties — including shopping malls, supermarkets and an equestrian facility — could be used for money laundering. The cases represented only a fraction of dirty money flows into the…

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California

California Median Home Prices Near $1 Million For The First Time – Benzinga

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California’s housing market hit a new milestone in April as median home prices neared the one million dollar mark, setting records during the state’s buoyant spring buying season. The California Association of Realtors (CAR) reported that the median home price in the state soared to $904,210 in April, an 11.4 percent increase compared to last year, solidifying the market’s strength. Despite daunting price levels and elevated mortgage rates, California’s real estate market continues to demonstrate resilience. However, according to CAR President Melanie Barker, affordability challenges remain in the state where…

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