As the U.S. economy continues its longest ever expansion, the labor market is making history as well with the lowest unemployment rate in 50 years. That’s great news for investors looking for compelling return opportunities in the commercial real estate market. But because pricing for all types of CRE products has also increased, it’s vital
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Share to facebook Share to twitter Share to linkedin Chartwell Estate Gitlin Properties Another record-breaker has hit the books in California. The Los Angeles estate known as Chartwell has reportedly sold to Lachlan Murdoch, son of News Corp CEO and executive chairman Rupert Murdoch, as the Wall Street Journal reported earlier today. Lachlan Murdoch is co-chairman of
The skyline in the distance beyond Lake Washington and Interstate 90 crossing the lake shot from a … [+] helicopter at an altitude of about 400 feet. Getty If you’re deciding on where to buy a house, you shouldn’t just consider city and state. Important things like property taxes and school districts operate on a
It took two years for Univision chair Jerrold Perenchio’s 11-acre estate and mansion, Chartwell, to sell, but the co-chair of News Corp. has manned up where many others have not, and made the move on the iconic property for a semi-bargain-basement deal of $150 million. There are five dwellings on the massive property, assembled over
Share to facebook Share to twitter Share to linkedin LONDON, ENGLAND – DECEMBER 02: (L to R) Cate Blanchett, Giorgio Armani, winner of the Outstanding … [+] Achievement Award, and Julia Roberts pose backstage stage during The Fashion Awards 2019 held at Royal Albert Hall on December 2, 2019 in London, England. (Photo by David
Share to facebook Share to twitter Share to linkedin Healthfield House in London’s Highgate asks $52 million KNIGHT FRANK/SOTHEBY’S INTERNATIONAL REALTY On the eve of a general election in the United Kingdom that will almost certainly impact the direction of Brexit as well as London’s property trends (which had been on the decline), a home
How many times in your life have you felt like just a number? In your classes at university? At the car dealership? When you’re speaking to a bot over the phone? When you inquire about something and never hear back? Chances are, that made you feel pretty small, and not in a good way. When
Getty Feeling priced out of New York City? If you’re looking to buy a home for around $250,000, you may want to trade in your wing tips for cowboy boots. You can get six times more space in Houston for that price than in the Big Apple, according to a new report from PropertyShark. The
Downtown Salt Lake City is increasingly becoming a hub for young, tech-savvy workers. Getty Part Two of a two-part series on Utah takes a look at Salt Lake City’s booming economy and key drivers in the economic expansion. Salt Lake City is flourishing in innovation and growth, nurturing an entrepreneurial environment and economic development. The
Share to facebook Share to twitter Share to linkedin Southern China’s real estate developers are getting a boost from hopes from the country’s Greater… [+] Bay plan. Photographer: Justin Chin/Bloomberg © 2019 Bloomberg Finance LP The listing by JY Grandmark Holdings in Hong Kong on Dec. 5 has lifted the fortune of a wing of
In the run-up to the 2008 Financial Crisis, and in assessing its aftermath, I posited that homeownership limited the mobility of human capital to the detriment of both the economic recovery and the financial wherewithal of homeowners with non-performing mortgages. With housing values underwater in many markets, and deeply underwater in ‘the sand states’ (as
Michael Miedler, President & CEO, Century 21 C21 In ancient Greece, oracles were revered for their power to foretell the future and provide hidden knowledge. Today, anyone interested in real estate would benefit from that type of power. How will homebuying evolve? What are ways to address the housing shortage? What will be the impact
Share to facebook Share to twitter Share to linkedin Real estate in southern China is seen as a good investment by those optimistic about the country’s… [+] Guangdong-Hong Kong-Macau Greater Bay Area. Photographer: Qilai Shen/Bloomberg © 2019 Bloomberg Finance LP One of China’s richest real estate entrepreneurs may be poised to become yet wealthier. Times
View of the Lake Eola Fountain with Orlando’s Skyline in the background. Getty Tight inventory and flat prices headline realtor.com’s 2020 housing forecast. “I think the biggest surprise from the forecast is how long the market is staying in this low inventory environment, especially as Millennials are in a major home-buying phase,” observes Danielle Hale,
The Obamas closed the deal on the 29-acre estate in Martha’s Vineyard. LANDVEST Barack and Michelle Obama, the former U.S. president and first lady, bought a seven-bedroom home on Martha’s Vineyard the week before Thanksgiving at a 21% discount off the listing price, according to the deed filed at the county’s registry office on Dec.
Star Wars’ creator George Lucas has bought a beachfront property next to his villa in Carpinteria, … [+] California. (Photo by Frazer Harrison/Getty Images) Getty Images Legendary director George Lucas is expanding his beachfront villa in Carpinteria, California, after the purchase of a 2-acre site next door for $28 million. The property acquired by Lucas,
photo credit: Getty Getty The year of rejuvenation continues for the domestic-focused U.S. real estate sector following one of the toughest years for REITs and homebuilders since the financial crisis. For the U.S. housing industry, the story of this year continues to center around the resilient demographic-led growth in household formations along with the sharp
Living space designed by Champalimaud Binyan Studios The team behind famed architect Robert A.M. Stern’s first multi-family development in San Francisco is debuting interior images to help potential buyers envision life inside. Slated for completion next year, Crescent is an eight-story building featuring 44 luxury condos at a cable-car crossing atop the historic Nob Hill.
When you think about smart phones and smart home technology, you probably picture Millennials making their living spaces as convenient as possible. That’s not an inaccurate picture, but it’s not a complete one either. Boomers and seniors are an enthusiastic and growing market for these features, which can make living independently easier, safer, healthier and
Unwrap luxury goodness Photo by Michelle on Unsplash Do you have to buy a holiday gift for someone who has everything? Well, they don’t have everything until they receive a gift from you. Here are some of the best luxury gifts to give and receive this season, from one-of-a-kind art to bedding, jawdropping keepsakes and