Clik here to view.
Baby boomers could spur a housing bust
Baby boomers own two of every five homes in the country. Home demand from younger generations might not be enough to fill the void left by departing older owners.This may cause gluts in some local...
View ArticleClik here to view.
Manhattan is now a buyer's market at all price points
Units in Manhattan that are priced below $1 million are rising.Inventory jumped by more than 25% in June from a year earlier.As units pile up, prices have dropped and could leave options for buyers...
View ArticleClik here to view.
5 European cities where you can retire on less than $35,000 a year
If you've ever wanted to retire in Europe, it might just be possible. A recent survey by International Living, a website about life overseas, found five European cities where couples can live off an...
View ArticleClik here to view.
Manhattan's retail landlords are adjusting to the new normal
Retail rents across Manhattan continued to fall in 2018’s second quarter. Midtown South’s office market surpassed Midtown in asking rents for the first time. New York City has 16.4 acres of undeveloped...
View ArticleClik here to view.
Warren Buffett slashes the price of his Laguna Beach vacation home
Warren Buffett paid $150,000 for his Laguna Beach vacation home in 1970s.The billionaire investor once asked $11 million for the home.Buffett just slashed the price by 30%.Warren Buffett slashed the...
View ArticleClik here to view.
Starter homes haven't cost this much in over a decade
First-time buyers needed 23% of their income to afford an entry-level home in the second quarter — up from 21% a year earlier.Home prices have risen as supply tightens — and rising mortgages aren’t...
View ArticleClik here to view.
Debt-saddled HNA Group is giving up its pricey offices in Hong Kong
HNA Group is giving up eight floors spanning 88,000 square feet at Three Exchange Square in Hong Kong.HNA signed a nine-year lease for the building that started in June, but never built out the space...
View ArticleClik here to view.
8 of the most elite golf clubs in the New York City area, where the wealthy...
Some of the world's most exclusive golf courses are located in the New York City area.The wealthy pay top dollar for the ability to play on these courses — as much as $1 million in initiation...
View ArticleClik here to view.
A bright yellow NYC pavilion built for the 1964 World's Fair and described as...
The New York State Pavilion was built for the 1964 World's Fair to "embody the architectural essence of Space Age futurism."The massive structure in Flushing Meadows-Corona Park ended up remaining for...
View ArticleClik here to view.
The owner of a $3.6 million condo in NYC is suing the building developer...
The owner of a $3.6 million apartment at 565 Broome Street is suing over their unit's lack of a promised wine cooler.The plaintiff, a resident of the luxury condo development, alleges in a class action...
View ArticleClik here to view.
Luxury real-estate developer Robert Shapiro just got sentenced to 25 years in...
Robert Shapiro pled guilty in August to a $1.3 billion real-estate Ponzi scheme.On October 15, the former Woodbridge Group CEO was given the maximum sentence: 25 years in prison.Shapiro and his company...
View ArticleClik here to view.
Michael Jordan’s 56,000-square-foot home in a Chicago suburb has been on the...
Michael Jordan recently listed his 10,000-square-foot home in Park City, Utah for $7.5 million.But Jordan's enormous 56,000-square-foot property in the Highland Park suburb of Chicago has been...
View ArticleClik here to view.
Private equity firms are pouring billions into mobile home communities —...
Once considered a housing option for the poor, manufactured homes have become a billion-dollar industry.Private equity giants — like Brookfield Asset Management, Blackstone Group, Apollo Global...
View ArticleClik here to view.
The New York City broker fee is back — for now
The broker fee ban that took the New York City real estate industry by storm has been halted — for now.The Real Estate Board of New York (REBNY) filed a petition in Albany on February 10th claiming...
View ArticleClik here to view.
The Corcoran Group is expanding to northern California and Nevada with the...
The New-York based real estate company, The Corcoran Group, is opening its first franchise affiliate, Corcoran Global Living.The franchise affiliate will be led by Michael Mahon and is a merger of two...
View ArticleClik here to view.
The biggest real estate convention in the US, which had 36,000 attendees last...
The annual REcon convention in Las Vegas has been postponed unitl late May because of the coronavirus pandemic.REcon is the biggest convention for real estate dealmakers in the US.The real estate event...
View ArticleClik here to view.
The coronavirus pandemic could expose US hotel owners with high debt
The coronavirus pandemic has had a devastating impact on global travel.Hotel owners in major US cities might see their debts exposed and loans defaulted in the face of the outbreak.The US hotel...
View ArticleClik here to view.
New York City may have to turn hotels into hospitals amid the surge in...
NYC is weighing the option of turning hotels into makeshift hospitals amid the coronavirus pandemic.The hotel sites would be used to care for non-COVID patients with minor injuries who still need...
View ArticleClik here to view.
'Pandemonium' in Palm Beach as the ultrawealthy scramble to snap up mansions...
Palm Beach mansions asking upwards of $70 million are flying off the market, say local real estate agents.In 2019, 123 single-family homes sold in the area over the course of the entire year. In the...
View ArticleClik here to view.
NYC restaurant owners are threatening a lawsuit to force the city and state...
New York state restaurants are allowed to offer indoor dining at limited capacity, but restaurants within NYC's five boroughs are still only able to offer outdoor dining, takeout, and delivery.On...
View Article