In the midst of Bud Light’s turbulent saga, Billy Busch Jr., an heir to the Anheuser-Busch legacy, has listed his Malibu estate for $4.45 million. The 58-year-old scion put his contemporary hillside retreat on the market, an oasis adorned with modern aesthetics, with Sean Matthews at Compass. His Malibu haven stands as a testament to […]
This year has been a challenging one for banks with significant real estate holdings on their books. The collapse of Signature Bank and First Republic Bank this spring rippled through the entire regional bank sector just as higher interest rates created doubts about some real estate borrowers being able to refinance their loans when they […]
The New York State Common Retirement Fund committed nearly $1.9 billion in investment allocations to external managers in September, more than half of which was earmarked for its credit portfolio. The $242.3 billion pension fund committed $600 million within its credit portfolio to the KLIM Delta Excelsior Fund, a fund of one managed by Kennedy […]
Things are getting real at Meringoff Properties’ Soho property after lender Aareal Bank filed a foreclosure action claiming two unpaid mortgages. The German bank filed its case in Manhattan Supreme Court last week, Crain’s reported. The lender is looking to seize control of the 171,000-square-foot property at 462 Broadway, owned by an affiliate of Meringoff […]
It is easier to finance While multi-family real estate investing may be more costly, it is also much easier to finance than single-family properties. Depending on the type of property, a multi-family property can run into the millions for multi-unit complexes, especially for a good location. You also have to account for zone rules and […]
Capping months of speculation, Sotheby’s is letting go of about half of space at its longtime headquarters in Manhattan amid a strategic transformation of its real estate footprint. Weill Cornell Medicine, Cornell University’s medical school and research arm in New York, said it will lease 200,000 square feet at 1334 York Avenue, Sotheby’s home since […]
This Company is Rethinking How You Sell Your Home with AI. NEW YORK, NY / ACCESSWIRE / November 28, 2023 / Perisphere Inc. – In a groundbreaking move set to transform the real estate market, Perisphere, a pioneering consumer real estate tech startup, has officially opened the waitlist for its much-anticipated AI platform, AfterImage. Launching […]
Thanks to a series of pivoting panels, the Geneva apartment can be reconfigured for remote work or parties: “We only have one door, and that’s our front door.” As their careers took them to various cities in Europe, the United States and Asia, Stef Claes and Michiel De Meulemeester, who are both Belgian, were used […]
Affluent Chinese have moved hundreds of billions of dollars out of the country this year, seizing on the end of Covid precautions that had almost completely sealed China’s borders for nearly three years. They are using their savings to buy overseas apartments, stocks and insurance policies. Able to fly again to Tokyo, London and New […]
Real Estate have announced a new album called Daniel. Their sixth full-length arrives February 23 via Domino. The indie rock group has shared lead single “Water Underground” with a music video modeled after The Adventures of Pete & Pete. The visual, directed by Edmond Hawkins, stars actors Danny Tamberelli and Michael C. Maronna, both of […]
Jcomp / Getty Images/iStockphoto This year has been an interesting one for real estate. After a boom in buying during the COVID-19 pandemic, things slowed down as home prices remained high amid soaring mortgage rates. So what will 2024 hold? GOBankingRates spoke with two real estate experts to get their predictions for the upcoming year. […]
Jcomp / Getty Images/iStockphoto This year has been an interesting one for real estate. After a boom in buying during the COVID-19 pandemic, things slowed down as home prices remained high amid soaring mortgage rates. I’m a Real Estate Agent: Don’t Buy Real Estate in These 5 States If You Want To Be Rich in […]
Jcomp / Getty Images/iStockphoto This year has been an interesting one for real estate. After a boom in buying during the COVID-19 pandemic, things slowed down as home prices remained high amid soaring mortgage rates. I’m a Real Estate Agent: Don’t Buy Real Estate in These 5 States If You Want To Be Rich in […]
Email Sign Up For Our Free Weekly Newsletter According to the latest research from CBRE, the commercial real estate lending market is beginning to stabilize, with borrowing costs appearing to have peaked, even as transaction activity remains subdued. The CBRE Lending Momentum Index, which tracks the pace of CBRE-originated commercial loan closings in the U.S., […]
Owners Keep Zombie Malls Alive Even When Towns Want to Pull the Plug “That’s when Namdar Realty and Mason like to swoop in. The New York-based real-estate partners are among the most prolific purchasers of U.S. malls. They make money by buying malls cheap and keeping them going, even as town officials beg them to […]
Photo-Illustration: Curbed; Photo: Peter Kramer/Getty Images When Bob and Suzanne Chute of Naples, Florida, bought a three-bedroom spread at the Plaza in 2008, they seemed a little awed by their own daring, dropping $14 million on an apartment they’d never even seen. (“We are psyched, we are so psyched,” Bob, an entrepreneur, told the New […]
Cheri Alguire / Getty Images/iStockphoto Housing affordability has been a growing issue across the country for years, with higher interest rates making already expensive homes even farther out of reach for many. Housing Market 2023: The 10 Most Overpriced Housing Markets in the US — 5 Are in FloridaCheck Out: 3 Things You Must Do […]
Cheri Alguire / Getty Images/iStockphoto Housing affordability has been a growing issue across the country for years, with higher interest rates making already expensive homes even farther out of reach for many. Housing Market 2023: The 10 Most Overpriced Housing Markets in the US — 5 Are in FloridaCheck Out: 3 Things You Must Do […]