Month: September 2020

Ron Perelman’s infamous selling spree appears to continue with his palatial Hamptons estate, The Post has learned. The billionaire businessman behind Revlon is entertaining offers for his Hamptons property known as “The Creeks” for around $180 million, sources familiar with the situation said. A Perelman spokeswoman on Friday denied the heavily guarded estate, which sits
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A lot has been written about the demise of retail.  In April, UBS projected that 100,000 brick-and-mortar stores could close permanently by 2025, as online sales capture 25% of total retail sales. The Fall 2020 Retail Spotlight Report from Colliers International backs this general sentiment, saying that the need for physical stores is likely to
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Standup comedian, actor, author and Emmy-winning reality TV veteran Kathy Griffin hopes to laugh her way to the bank with the sale of her gigantic mansion in L.A.’s ritzy Bel Air neighborhood. The endlessly opinionated, famously sharp-tongued and occasionally polemical insult comic has listed her more-than-13,000-square-foot home at just under $16 million, a small fortune
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Even before COVID-19, apartments in some downtown locations were facing pressure from new supply. Eighty percent of 611,000 units under construction are at the top end of the market, according to CoStar Group. “I think we’ve been talking about this on the multifamily side for a while,” says CoStar Portfolio Strategy Senior Consultant Juan Arias.
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Here is the Prequel Video: https://www.youtube.com/watch?v=3f-ebCjeH8o Get FREE Rental Comps: http://rentalcomps.thekwakbrothers.com Download our Debt Free Secrets Book & HELOC Calculator: http://chopmymortgage.com In this video, we’re going to talk about using the Accelerated Banking Strategy (HELOC Strategy) to go on the “Offensive” to create passive income! Many of you are a fan of the Debt Acceleration
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New York City cannot count on financial assistance from Washington to help it recover from the coronavirus pandemic, RXR Realty CEO Scott Rechler told CNBC on Friday. Instead, the real estate executive said the city’s leadership needs to be proactive in charting a path forward despite its budgetary challenges. “The answer can’t be, simply, that
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Are you ready for the game of real estate flipping? But the problem is you haven’t found an investor yet. In this video, we’re all about how to find investors for real estate flipping with the king of flipping himself, Jerry Norton. Link to Jerry’s Training: https://flippingmastery.com/kris1/ PropStream Software Free Trial: http://trial.propstreampro.com/limitless Watch and Enjoy!
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Housing Market Update: Real Estate Bubble About To Pop? (economic crisis 2020) Welcome back to your housing market update its September 8, 2020, and here is the new housing market update! ***UPDATE*** Every new housing market update video will be going out every Tuesday night at 6pm Central time. The Citadel Link: https://charity.gofundme.com/o/en/campaign/citadel-global-ventures-start-up-fund?fbclid=IwAR0U53wh5m8H4VzUhcInL5ZT5AKNFO9S1bGoo8RqWVglGx9rBodqOBcs2CE 0-75 Units
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While many CRE sectors and product types have floundered after COVID-19 hit, one industry has continued to flourish. In the second quarter, cap rates for dollar stores fell a 12-basis point decrease when compared to the prior year, according to The Boulder Group. There are some long-term concerns for the sector, most notably overbuilding. But
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While student housing is facing its share of challenges in the COVID 19-era, one firm is placing a big bet on the sector.  W5 Group, a single-family investment office that makes investments across residential real estate sectors in Europe and the US, has launched a US student housing initiative.  In the student housing area, W5 Group will
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Joe and Ali Olson retired when they were 29 years old. The former teachers invested most of their income into real estate in the aftermath of the 2008 housing crisis. Once their properties generated enough income to replace their salaries, they quit their jobs. Here’s a detailed look at how the couple was able to
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COVID-19 is continuing to force corporations into bankruptcy, which could mean further deterioration in office fundamentals. As of Sept. 7, 470 companies have gone bankrupt in 2020, which is more filings than during any comparable period since 2010, according to an S&P Global Market Intelligence analysis. There was some good news as the number of
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