Construction workers erect a building in downtown Miami, Florida, on June 14, 2023. Jim Watson | AFP | Getty Images Architecture firms reported a sharp drop in business in September, indicating that the commercial real estate market could see even more pain in the next year. The AIA/Deltek Architecture Billings Index dropped to 44.8 in
JB Reed | Bloomberg | Getty Images The average rate on the popular 30-year fixed mortgage rate hit 8% Wednesday morning, according to Mortgage News Daily. That is the highest level since mid-2000. The milestone came as bond yields soar to levels not seen since 2007. Mortgage rates follow loosely the yield on the 10-year
A Pacific Northwest compound specifically built to showcase works of art has listed for $5.5 million. The unique property, named Art Häus, was completed in 2006 and designed to be the perfect space to display certain pieces within its current owners’ collection. In 1997, the art collectors Craig and Linda Fiebig dropped $1.27 million on
Former US President and Republican presidential hopeful Donald Trump holds a campaign event during a Club 47 USA event at Palm Beach County Convention Center in West Palm Beach, Florida on October 11, 2023. Giorgio Viera | Afp | Getty Images Former President Donald Trump returned to court in Manhattan on Tuesday to attend the
A contractor works on a new home under construction in Tucson, Arizona, on Tuesday, Feb. 22, 2022. Rebecca Noble | Bloomberg | Getty Images Builder confidence in the market for single-family homes dropped to the lowest level since January, as builders contend with a market dominated by high mortgage rates and costs for financing. The
In this article NWSA Follow your favorite stocksCREATE FREE ACCOUNT Activist investment firm Starboard Value is pushing for change at News Corp. – in particular to see its real estate business separated from the rest of the company. Starboard CEO Jeffrey Smith told CNBC’s David Faber on Tuesday that the firm is building a position
Sara Story’s new book, “The Art of Home” (Rizzoli), showcases the interior designer’s global-boho aesthetic via homes she’s decorated in New York, Colorado, Texas and California — including three of four residences that she shares with her husband, hedge-fund founder Kenneth Garschina, and their children. (Those residences are located in Manhattan, Snedens Landing, NY, and
In this article .HSI 2007-HK Follow your favorite stocksCREATE FREE ACCOUNT Country Garden shares tumbled to fresh eight-month lows Monday, extending losses on renewed debt fears for the Chinese property sector. Future Publishing | Future Publishing | Getty Images All of Country Garden‘s offshore debt could potentially be in default if the Chinese property developer
This downtown Manhattan home is out of this world. Actor Anthony Rapp — who made his name on Broadway in “Rent” and went on to play the openly gay Lt. Cmdr. Paul Stamets on “Star Trek: Discovery” — has listed the East Village loft he shares with his husband, life and leadership coach Ken Ithiphol, for $3.85
This gilded estate offers some real Garden State glamour. In Saddle River, New Jersey, this approximately 16,000-square-foot megamansion is looking for a new owner — and one with an appreciation for opulence. Custom constructed by one beauty-industry executive for another, the property has seven bedrooms and 14 bathrooms spread over three stories — and is
Bon voyage! Life on dry land always seemed to leave Mike Soroker, 80, thirsty for more. And so, after taking just four cruises with wife Barbara, 75, and loving them all, the restless retirees made a dramatic decision — to buy a condo on a cruise ship and enjoy their final years sailing around the
Jeff Bezos reportedly scooped up a $79 million mansion in Florida’s exclusive “Billionaire Bunker” island — two months after buying the home next door for $68 million. The Amazon founder and the world’s third-richest person — with a net worth of $156 billion, according to Bloomberg — purchased the seven-bedroom, 14-bathroom abode on Thursday, according
Prospective buyers visit an open house for sale in Alexandria, Virginia. Jonathan Ernst | Reuters The housing market is dealing with a number of “tricky” dynamics, according to Tracy Kasper, the president of the National Association of Realtors. “What we’ve experienced over the last probably 12 to 18 months is what I really like to
In this article GOOGL Follow your favorite stocksCREATE FREE ACCOUNT Google has opened its first west coast visitor Experience” center which is located by its Mountain View headquarters. Mark Wickens Google is opening a sliver of its main campus to the general public starting this week. The company opened its doors to what it’s calling
This area businessman is slowly taking over one of the city’s grimier subway stations. The same man who opened a bar in the 50th Street downtown 1 station has now also cut the ribbon on a coffee shop mere steps away. Subterranean Midtown magnate Adrien Gallo is now the proprietor of not just the commuter
According to the IMF’s October update of its World Economic Outlook, China’s economy will grow 5% in 2023, a decrease from an earlier forecast of 5.2%. Future Publishing | Future Publishing | Getty Images China’s old economic model of relying on investments in real estate has “run its course” and the government needs to consider
A house for sale in Arlington, Virginia, in July of 2023. Saul Loeb | AFP | Getty Images The average rate on the 30-year fixed mortgage rose to the highest level since 2000 last week, but rates on adjustable-rate mortgages fell. That caused a run on these so-called ARMs, pushing total mortgage application volume very
A Soho loft owned by art consultant and former Chelsea gallerist Sara Tecchia is back on the market for $11.6 million — a 50% price slash from its original $23.25 million in 2015. Tecchia bought the three-bedroom, 3½-bath home at 50 Wooster St. for $7.45 million in 2010. “In my Chelsea gallery, Sara Tecchia Roma New
New homes under construction in Miami, Florida, Sept. 22, 2023. Joe Raedle | Getty Images Top real estate and banking officials are calling on the Federal Reserve to stop raising interest rates as the industry suffers through surging housing costs and a “historic shortage” of available homes for sale. In a letter Monday addressed to
In this article 2007-HK Follow your favorite stocksCREATE FREE ACCOUNT Signage at a residential project developed by Country Garden Holdings Co. in Baoding, Hebei province, China, on Tuesday, Aug. 1, 2023. Bloomberg | Bloomberg | Getty Images Chinese real estate developer Country Garden Holdings said it expects it will not be able to make all
As Napa Valley wineries busy themselves, bringing their famous grape harvest to the crush pads, several new homes in this prime California wine country have entered the market. Specifically, that’s 20 fully furnished, two-bedroom, 2.5-bath homes, which make up The Villas at Stanly Ranch Residences, Auberge Resorts Collection. The sales push for the Villas follows
A recently closed UK academy is looking for applicants seeking not an education, but an enormous new property. Following the fresh closure of Abberley Hall School, its grounds and buildings are now available for purchase, the price available upon application, Mansion Global first reported. Located in Worcester, the approximately 93-acre estate includes an array of
A Harlem townhouse with a “Scandinavian farmhouse” vibe has been price-slashed by $1 million. The three-story home, known as Harlem House, is owned by ’90s Swedish indie pop star Nina Persson, lead singer/lyricist of the Cardigans, and her husband, Nathan Larson, an American songwriter of alternative rock band Shudder to Think. The Cardigans’ superhit “Lovefool”
Symbotic technology in use at a Walmart facility. Courtesy: Walmart Venture-capital giant Softbank notched a $15 billion-plus gain on its 2016 deal to buy Arm Holdings when the artificial intelligence-enabling semiconductor firm went public last month. But not as many investors know about Softbank’s “other” big AI investment, Wilmington, Mass.-based software and robotics maker Symbotic,
A customer inspects a Tesla Motors Inc. Powerwall unit inside a home. Ian Thomas Jansen-Lonnquist | Bloomberg | Getty Images After a summer of extreme weather and wildfires and now during the peak of hurricane season, the power going out again is becoming familiar to more Americans. That means it may be a good time
No timber-clad tower has ever reached so high. Down Under, a cloud-scraping pillar of a building has received the go-ahead from local authorities in Western Australia. If completed, the structure on South Perth’s Charles Street will be the tallest wooden building in the world. On Thursday, Perth’s Metro Inner-South Joint Development Assessment Panel gave Grange
Guests attend a pool party in the penthouse apartment at the 50 United Nations Plaza building in New York. Michael Nagle | Bloomberg | Getty Images A shortage of luxury apartments in Manhattan is causing a surge in prices at the top of the market, even as broader apartment sales and prices come under pressure
Barbara Walters admirers will soon have a chance to own a piece of the late broadcast journalist’s legacy. Later this month and into early November, more than 300 items from the television icon’s Upper East Side apartment will be up for auction. Later this month and into early November, more than 300 items from Barbara
Former US President Donald Trump sits inside the courtroom for the third day of his civil fraud trial in New York on October 4, 2023. Angela Weiss | AFP | Getty Images Lawyers for Donald Trump may ask a New York appeals court to pause his ongoing $250 million business fraud trial and stay a
A house is for sale in Arlington, Virginia, July 13, 2023. Saul Loeb | AFP | Getty Images Mortgage rates just continue to climb higher, taking a particularly big leap last week. As a result, total mortgage demand fell 6% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The
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