This home doesn’t even exist, yet it’s already set a prominent sales record in one of the world’s most well-heeled cities. In Dubai, a profoundly opulent domicile has just sold for slightly more than $136 million, the most expensive price ever paid for a penthouse there, according to CNN. (The now-smashed former record was set
itsskin | Getty High interest rates have pushed many would-be home sellers and buyers to the sidelines in 2023. Yet there are signs both sides may be more willing to take on a high-rate mortgage if other key factors aligned. More than half — 54% — of homeowners said they would move if they found
Close up of Chinese Yuan notes, with Mao Tse-tung Peter Dazeley | The Image Bank | Getty Images China’s recent policy support is aimed at fixing its system and shouldn’t be seen as economic stimulus, according to Societe Generale’s Asia chief economist and head of research. “Actually, to be frank, I don’t think anything [that]
Halfway down a Bushwick side street, in the back of an artisanal doughnut shop and through a photobooth, this rhino-themed restaurant has quietly been slinging drinks and bites since October. Ra-Ra Rhino, the latest addition to the city’s hidden watering hole scene, offers a sleek, Tiki-influenced back room with an eccentric menu of drinks and
Variety won top honors Sunday at the National Arts & Entertainment Journalism Awards, taking the trophy for best entertainment publication along with 11 other first-place wins. The May 3 cover package “No Words: What the Writers Strike Means for Hollywood” was recognized in the category of best entertainment publication during the ceremony held at the
NANJING, CHINA – AUGUST 18, 2023 – Aerial photo shows a residential area of Evergrande in Nanjing, East China’s Jiangsu province, Aug 18, 2023. (Photo by Costfoto/NurPhoto via Getty Images) Getty Images Shares of Evergrande Group rose over 9% as the beleaguered Chinese property firm’s court hearing over its possible liquidation was postponed to Jan.
We weren’t exaggerating when we recently foresaw a “rolling thunder” cavalcade of large new office deals by year’s end. But the largest was one we didn’t see coming: a 445,000 square-foot expansion by Wells Fargo at Related Companies’ 20 Hudson Yards that swallowed up all of the former Neiman Marcus floors as well as adjacent
Miami-based Eagle Property Capital Investments and Mexico City’s Promecap have made waves in the real estate realm by successfully raising a staggering $309 million for a dynamic investment fund specifically honing in on multifamily properties across the Sun Belt states. The ambitious joint venture, announced via a press release, unveiled its intention to utilize this
Twin Rivers Farm could break records as Tennessee’s priciest home if it fetches its $65 million asking price. The property is located just 30 miles southwest of Nashville in the suburb of Leipers Fork, known for attracting high-net-worth individuals and celebrities such as Justin Timberlake and Nicole Kidman. “It’s one of the most significant real
Pending home sales, a measure of signed contracts on existing homes, dropped 1.5% in October from September. They hit the lowest level since the National Association of Realtors began tracking this metric in 2001, meaning it’s even worse than readings during the financial crisis more than a decade ago. Sales were down 8.5% from October
A famous work of street art has gone down with its ship. In the coastal English town of Dover, a landmark piece by the long-celebrated street artist Banksy has been destroyed as a result of its building’s demolition — but parts of the work may still get another life, CNN reported. The mural, which depicted
Detached houses on a large housing development on the western side of Nashville, Tennessee. Georgeclerk | Istock | Getty Images Nashville natives say they barely recognize the city’s skyline anymore. And they probably won’t anytime soon, as cranes still litter the picture. The Nashville building boom is in full effect, despite higher interest rates, higher
Former U.S. President Donald Trump looks on, as the trial of himself, his adult sons, the Trump Organization and others in a civil fraud case brought by state Attorney General Letitia James continues, in New York City, U.S., October 3, 2023. Eduardo Munoz | Reuters A New York appeals court Thursday reinstated a gag order
Philadelphia Eagles powerhouse and six-time Pro Bowl center Jason Kelce isn’t just making waves on the field. The 36-year-old is steadily expanding his real estate empire across Pennsylvania, New Jersey — and even in Cleveland. Kelce, the brother of NFL sensation Travis Kelce, who has been nabbing recent headlines of his own for his relationship
Nashville skyline at dusk. John Greim | LightRocket | Getty Images Over the past 30 years, Nashville, Tennessee — a city known for country music — has seen a flood of transplants moving from higher-cost cities. For new residents, “everybody has a different story,” said Jeff Hite, chief economic development officer of the Nashville Area
Former US President Donald Trump arrives back from a break at New York Supreme Court during his civil fraud trial on November 6, 2023 in New York City. Adam Gray | AFP | Getty Images The financial watchdog overseeing the Trump Organization informed a New York judge on Wednesday about $40 million in cash transfers
A townhouse for sale in the Upper East Side neighborhood of NYC. Adam Jeffery | CNBC Mortgage rates fell last week for the fourth time in five weeks, and homebuyers appear to be responding. Demand from current homeowners to refinance, however, fell sharply. That left total mortgage application volume essentially flat last week, up just
A townhouse for sale in the Upper East Side neighborhood of NYC. Adam Jeffery | CNBC Higher mortgage rates appear to be doing very little to cool home prices. Nationally, prices were 3.9% higher in September compared with the same month a year earlier, up from a 2.5% annual gain in August, according to the
The City of New York is getting behind the tiny-house movement big time. In an effort to create more affordable housing, a few lucky borough homeowners will be granted hundreds of thousands of dollars to construct accessory dwelling units, or ADUs, on their properties. Last Tuesday, the New York City Department of Housing Preservation &
In this article ZG Follow your favorite stocksCREATE FREE ACCOUNT A couple assembling furniture. Drazen_ | E+ | Getty Images Gen Z and millennials are “hacking” the housing market as high prices and interest rates make affordability difficult. The term “house hacking” refers to the practice of renting out a portion of your home or
This looks like a good fit for FiDi: Health-club chain Fitness International signed one of the year’s biggest retail leases at AmTrust RE’s 58 Maiden Lane — a three-level, 36,650 square-foot home for a new “Club Studio” concept. The club will provide “next-level” amenities and boutique fitness classes together in a single, state-of-the-art facility — including
Visoot Uthairam | Moment | Getty Images There is more pain to come in the office real estate market across the U.S., with maturing debt needing to be refinanced and a wave of expiring leases, but there is also what may seem at first brush to be a counter-intuitive message being sent to top tier
Ever ride the Cyclone in a snowstorm? Could happen. For well over a century, Brooklyn’s Coney Island has been a popular warm weather escape from New York’s concrete jungle. Now, the seaside carnival of fun is set to continue well into the cold months, as the 120-year-old destination announces a new, extended season. “We are
Racing ace Sir Lewis Hamilton — a seven-time Formula 1 winner — is looking for a West Coast home to add to his global real estate portfolio, which runs from Monaco and Geneva to London and the Big Apple. Hamilton owns a skypad at 70 Vestry, where Tom Brady owns a unit; Bill Gates’ daughter Jennifer and
Move over, Malibu Dream House — there’s a new pink paradise in town. Meet Hannah Dahl, the 28-year-old interior designer and self-professed lover of all things pink, who transformed her home into an 80s Barbie-themed wonderland that would make the iconic doll blush. “I put my heart and soul into it,” Dahl told South West
A new section of an important historic burial site beneath Vatican City is open to the public for the first time. The Necropolis of Via Triumphalis offers visitors a look at how the ancient Romans buried their dead. Starting earlier this month, the Vatican’s museums network began offering guided tours, leaving from the Santa Rosa
An “Open House” sign is displayed in the front yard of a home for sale in Columbus, Ohio, U.S. Bloomberg | Bloomberg | Getty Images Mortgage demand is finally crawling out of the basement as interest rates continue to move lower. Total application volume increased 3% last week from the previous week, according to the
Sales of previously owned homes were 4.1% lower in October compared with September, running at a seasonally adjusted annualized rate of 3.79 million units, according to the National Association of Realtors. It was the slowest sales pace since August 2010. Analysts were expecting a smaller drop, to 3.9 million units. Sales were down 14.6% year-over-year.
Sales of previously occupied US homes slumped in October to their slowest pace in more than 13 years as surging mortgage rates and rising prices kept many prospective homebuyers on the sidelines. Existing home sales fell 4.1% last month from September to a seasonally adjusted annual rate of 3.79 million, the National Association of Realtors said Tuesday.
In this article 1918-HK Follow your favorite stocksCREATE FREE ACCOUNT A booth of Sunac China is seen at a housing fair in China, May 16, 2014. Developer Sunac China missed the deadline for coupon payments on a $742 million offshore bond and said on Thursday it doesn’t expect to make payments coming due on other
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