It would be difficult to feel bored at this dramatic 53-acre estate just outside Vail, Colorado — one that’s about to hit the auction block. It was last part of a 457-acre parcel that was sold for $40 million — after it had asked $78 million in 2019. The sprawling estate will be auctioned live
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A former bigwig at a once-prominent Big Apple development firm and a slew of other real estate industry executives were indicted Wednesday for allegedly stealing more than $86 million in a years-long fraud scheme, Manhattan prosecutors said. Nir Meir, 49, and the since-shuttered HFZ Capital Group he once worked for allegedly swindled millions of dollars
In this article NYCB Follow your favorite stocksCREATE FREE ACCOUNT The New York Community Bank (NYCB) headquarters in Hicksville, New York, US, on Thursday, Feb. 1, 2024. Bing Guan | Bloomberg | Getty Images Embattled lender New York Community Bank disclosed a litany of financial metrics in the past 24 hours in a bid to
D3sign | Stone | Getty Images Extreme weather and climate hazards are becoming more frequent, posing a unique threat not only for homeowners, but for renters. Over 18 million rental units across the U.S. are exposed to climate and weather-related hazards, according to the latest American Rental Housing Report from Harvard University’s Joint Center for
Thianchai Sitthikongsak | Moment | Getty Images Mortgage demand is struggling to contend with what appears to be another upswing in interest rates. Homebuyers in particular are pulling back. Total mortgage application volume rose 3.7% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. That was all due
A massive New York City industrial building on the far West Side where mighty machines were once unloaded from freight trains will be transformed into the capital of fashion – at least for a week. The Starrett-Lehigh Building, a 1931-vintage leviathan-size monument to the city’s manufacturing and shipping age, will be the new headquarters for
In this article WE Follow your favorite stocksCREATE FREE ACCOUNT Adam Neumann, Founder and former CEO of WeWork. Eduardo Munoz | Reuters Billionaire Adam Neumann is trying to buy back bankrupt real-estate company WeWork, which he founded in 2010 and was ousted from in 2019, DealBook reported Tuesday. Neumann, his startup Flow and Dan Loeb’s
Just a day after the world witnessed King Charles III’s resilient recovery from surgery, a shocking announcement shook the royal circles — the monarch had been diagnosed with cancer. The picturesque Sandringham estate, a backdrop of royal traditions and cherished moments, became the unexpected stage for this diagnosis. Only recently, King Charles III, exuding high
This photo taken on Aug. 22, 2023 shows an advertisement in front of a real estate for sales in Millbrae, California, the United States. The sales of previously owned homes in the United States dropped 2.2 percent in July from June to a seasonally adjusted, annualized rate of 4.07 million units, the National Association of
Some insurance companies are pulling back coverage from fire- and flood-prone areas, leaving homeowners with limited affordable options. This trend may even affect the property value of American homes, experts say. The nation’s largest homeowner’s insurance company, State Farm, stopped accepting new applications for policies on property in California in May. Allstate announced in November
The Upper West Side luxury rental apartment tower known as Aire was quietly sold to the well-established Gotham Organization and Carlyle Group, Realty Check has learned – affirming new energy in the investment-sale market for multifamily properties. The 43-story, 310-unit building at 200 W. 67th St. behind Lincoln Center fetched a healthy $265 million in a
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Sometimes, even the fanciest Manhattan apartments get no respect. Just peek inside 1 E. 62nd St., an excellent Upper East Side building steps from Central Park. The palatial penthouse — done up in a boldly Baroque polish as unblushing as Marie Antoinette — was the home of Joan Rivers. The late comedienne maintained until her
In this article MAA AVB CPT JBGS EQR Follow your favorite stocksCREATE FREE ACCOUNT A group of renters in the U.S. say their landlords are using software to deliver inflated rent hikes. “We’ve been told as tenants by employees of Equity that the software takes empathy of the equation. So they can charge whatever the
Notorious gangster Al Capone’s former Florida address is up for sale. The Palm Island plot was long home to the Chicago crime boss, but despite much protest, the mansion — specifically, the mansion where Capone died — was demolished last summer, Mansion Global first reported. Now the 30,000-square-foot lot sits empty among the guard-gated area’s
Sneksy | E+ | Getty Images Rent prices are coming down in some areas, but not at the pace needed to relieve tenants struggling to pay rent. Half of renters in the U.S. spent more than 30% of their income in 2022 on rent and utilities, according to the new America’s Rental Housing report by
Pictured here is a real estate project under construction in Huai’an, China, on Jan. 21, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — Demand for new housing in China is set to drop by around 50% over the next decade, making it harder for Beijing to quickly bolster the country’s overall growth. That’s according
If these walls could talk, they’d keep it bottled up. A one-of-a-kind Arizona property built from glass bottles — doubling as a work of art — has hit the market for $432,500. The Tucson home dates back to the 1960s, when a couple named Theodore and Meletis Bryson, inspired by the ruins of ancient human
In this article NYCB Follow your favorite stocksCREATE FREE ACCOUNT The Aozora Bank Ltd. headquarters in Tokyo Japan, on Thursday, Feb. 1, 2024. Japan’s Aozora Bank became the second lender in a span of hours to surprise investors with losses tied to US commercial property, sending shares down by the limit and heightening concern over
Recep-bg | E+ | Getty Images Rent costs are beginning come down after record-high asking prices. “Rental markets are cooling, but in a lot of places, it doesn’t mean they’re falling. It means they’re growing at a slower pace,” said Whitney Airgood-Obrycki, senior research associate focused on affordable housing at the Joint Center for Housing
The mansion featured in the wildly popular 2023 thriller “Saltburn” is not a soundstage. It’s real, and it’s been around since the 14th century. The namesake and main shooting location of director Emerald Fennell’s satire of the rich is in fact a historic estate known as Drayton Hall, located in Northamptonshire. And while producers added
The Federal Reserve announced it will leave interest rates unchanged Wednesday, setting the stage for rate cuts to come — and paving the way for relief from the combination of higher rates and inflation that have hit consumers particularly hard. Although Fed officials indicated as many as three cuts coming this year, the pace that they trim interest
Prospective home buyers look from the balcony of a home for sale during an Open House in a neighborhood in Clarksburg, Maryland on September 3, 2023. Roberto Schmidt | AFP | Getty Images After rising for several weeks, mortgage demand fell last week as buyers faced increased competition for a limited supply of homes. Total
A sign stands outside an upscale home for sale in the Lake Pointe Subdivision of Austin, Texas. Ed Lallo | Bloomberg | Getty Images Home prices in November fell 0.2% from October, according to the S&P CoreLogic Case-Shiller national home price index. While that may not seem like a lot, it is the first monthly
A year after renting one of the priciest pads in Brooklyn, red-headed English crooner Ed Sheeran is vacating — and the luxe apartment in the celebrity-studded building is again for rent. This time, the rent for the 3,200-square-foot four-bedroom triplex on the Brooklyn Heights waterfront is $38,000 a month — up from the $36,000 that
Getty Images Inflation is cooling. Consumer spending continues to be at record highs, while consumer confidence has been trending up. And, after almost two years of rate hikes by the U.S. Federal Reserve, investors are expecting at least a few cuts to interest rates this year. Their anticipation is understandable: The federal funds rate hasn’t
In this article MA WFC Follow your favorite stocksCREATE FREE ACCOUNT Svetikd | E+ | Getty Images Housing is typically one of the biggest expenses in someone’s budget, and it’s natural to wonder about the best way to pay that bill. For renters, sometimes it’s possible to pay with a credit card. While you could
In a heartwarming birthday surprise, a woman named Madison Malaga showcased her interior design skills by transforming her sister Rylee’s small 200-square-foot New York studio into a luxurious haven. The entire makeover was documented in a TikTok video, amassing a staggering 4.7 million views after going viral. Malaga, determined to make Rylee’s move to the
Senator Elizabeth Warren, a Democrat from Massachusetts, left, speaks with Jerome Powell, chairman of the U.S. Federal Reserve, during a Senate Banking, Housing and Urban Affairs Committee hearing in Washington, D.C., U.S., on Tuesday, Sept. 28, 2021. Kevin Dietsch | Bloomberg | Getty Images Sen. Elizabeth Warren, D-Mass., and three other Democratic lawmakers are pushing
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