President Biden announced yesterday that he was pardoning federal prisoners convicted of marijuana possession, and urged governors to do the same at the state level. He is also asking the Secretary of Health and Human Services to review how marijuana is scheduled under federal law, which currently compares to heroin. Taken together, these changes can
Real Estate
New York City is once again demonstrating its resiliency. Office workers are returning, the workforce is growing, tourists are back, lunch hour lines are forming outside eateries, and trains and buses are filling up. The first half of the year the city saw $22.1 billion in investment sales, slightly lower than the last six months
Share to Facebook Share to Twitter Share to Linkedin Furnished apartment-rental startup Landing told employees today that it is restructuring and laying off 110 employees. In a note to staff that he shared with Forbes, founder and CEO Bill Smith said that as the company scaled, it moved increasingly to a “field-based operating model” that
CoreLogic, a global property data and analytics provider, today announced its updated and final damage estimates for Hurricane Ian. According to the new data analysis, total flood and wind losses are between $41 billion and $70 billion. This estimate includes wind loss, re-evaluated insured and uninsured storm surge loss and newly calculated inland flood loss
Topline Despite mortgage rates falling for the first time since mid-August, experts are warning the higher borrowing costs that have tanked the housing market this year could stick around for at least another year—and perhaps even longer depending on how the Federal Reserve’s battle against inflation pans out in the coming months. Key Facts The
A 400-acre Pali Kai parcel of land that overlooks the Pacific Ocean just listed for $65 million, presenting an opportunity for the buyer to break sales records. The land includes 1 mile of ocean frontage and an elevation that runs from a black-sand beach on the western shore of the ‘Big Island’ of Hawai’i to
A nominee for HGTV’s 2022 Designer Of The Year, Mel Bean has made a name for herself in of all places, Tulsa Oklahoma. Perhaps best known for designing The Pioneer Woman Lodge, the founder of Mel Bean Interiors discovered her passion two years into getting a degree in psychology/pre-med. When Bean realized that her future
The Cameo Shores community in Orange County’s Corona Del Mar in California is a sea of multimillion-dollar estates—most of which cover their lots with living space. An exception is this Provencal-inspired ocean-view residence, which sits on a park-like half acre. The extra elbow room created by this two-parcel setting adds an oasis of green that
Hurricanes damage buildings in two major ways: Wind damage and flooding. In Hurricane Ian, which made landfall in Lee County, Florida last Wednesday, water was definitely a major factor, carrying homes off of their foundations, sweeping boats, cars and sea life through neighborhood streets and flooding roads, parks and structures. “Overwhelmingly, it’s been that surge
Terry Bradshaw, a Hall of Fame football legend and NFL sports analyst, is selling his massive rural estate in the Red River Valley of Southern Oklahoma for $22.5 million, according to Icon Global real estate agency. The equestrian and cattle ranch includes a six-bedroom, 8,600-square-foot home, 2,600-square-foot manager’s home, four-bedroom bunk house and multiple barns,
The sharp increase in mortgage rates to their highest level in 15 years is not only cutting into home buyer budgets across the country, but also trimming at least 100 square feet out of the homes in would-be buyers’ price range in 29 of the 50 metros analyzed by Redfin. The technology-powered real estate brokerage
The former estate of jazz icon Billie Holiday has surfaced for sale at $3.5 million in the leafy Benedict Canyon area of Beverly Hills, California. Completed in 1926, the four-bedroom, three-bathroom private residence was last sold in 2015 for $2.15 million before hitting the market earlier this month. “The house feels like a European Villa,”
This home in Breckenridge, Colorado, takes log cabin living up a notch or two. So far up, in fact, that the house straddles a year-round creek, which flows under the primary bedroom. Anyone using the room will not soon forget the creek is there. Two large windows in the floor, two more on either side
There is nothing quite like reminiscing about that favorite luxury resort to transport you to another world full of fond memories and over-the-top experiences. What if you could have those same amenities all from the comfort of your own home? These five properties, while singular, all share one common attribute: each evokes the feel of
In certain movies, the background becomes a character. More than a backdrop, the environment in which the central characters live, work or interact with each other makes the place where the story happens as important a part of the story as the plot. An example is the 1998 film The Truman Show, in which Jim
With much of the optimism of the past decade wrung out of the housing market, I have been fielding a lot of questions about what to do with an existing home. Should you still try and sell now? Or perhaps rent it out? As a comprehensive financial planner, I strive to guide my clients to
California has a housing problem. It needs to build 2.5 million new units by the end of the decade to meet residents’ needs, according to the Statewide Housing Plan, and at least 1 million of them need to be affordable. This is not a recent problem for the state, nor is it an easy one
The “Billionaire Dividend” Now, sidestep roller-coaster market volatility … multiply your gains … collect generous dividends – and generate a steady income stream that can put you on easy street—for life … Even if you don’t have a trust fund … family office … Swiss bank account … hedge fund … or a silver spoon
Spring boarding off the success of the first Mr.C-branded residences built next to the family’s flagship hotel in Beverly Hills, California, moguls Ignazio and Maggio Cipriani have expanded their sights (and their sites) to include such locales as Manhattan, Punta del Este, Uruguay and Miami. Up next: Dubai in the United Arab Emirates. Situated along
The city of West Lake Hills near Austin, Texas, is equated with luxurious homes, scenic surroundings and high quality of life. Lesser-known, perhaps, it’s also an occasional canvas for architectural expression. Built in 2019 and designed by architect Michael Hsu, this modern masterpiece employs wood, stone, glass and metal. From the curb, it appears low-slung
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