Real Estate

A 21,000-square-foot megahome in South Florida is the most expensive non-oceanfront home ever sold in Delray Beach, and its $19 million sale price makes it the the town’s top sale in over three years, according to the MLS.   “Resort-style living is a driving force in the ultra-luxury market,” listing agent Senada Adzem tells CNBC, “People are rethinking
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Older adults, especially those living in nursing homes and assisted living facilities, have been among the groups hardest hit by COVID-19. This has compelled a reexamination by many – often in concert with their adult children – about how and where they want to live the rest of their lives. Real estate professionals, industry analysts
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A contractor frames a house under construction in Lehi, Utah, U.S., on Wednesday, Dec. 16, 2020. Private residential construction in the U.S. rose 2.7% in November. George Frey | Bloomberg | Getty Images Sales of newly built homes fell more than expected in February, as builders faced higher costs and persistent delays, and, consequently, raised
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For the past few months, writing on Miami’s overheated real estate markets has felt a little bit like the rat hitting the Crockett & Tubbs cocaine bar. Sales price records continue to be set everywhere. The national press is swooning. And A-list buyers and businesses under pseudonyms and LLCs that we’d all figure out eventually
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Single-family homes are seen in this aerial photograph taken over a Lennar Corp. development in San Diego, California. Bing Guan | Bloomberg | Getty Images Closed sales of existing homes in February dropped a larger-than-expected 6.6% compared with January, according to the National Association of Realtors. That put them at a seasonally adjusted, annualized rate
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Hong Kong billionaire Li Ka-shing’s flagship firms reported that their annual profits were dragged down last year due to the “unprecedented challenges” of the coronavirus pandemic. CK Hutchison experienced its first profit decline since it was restructured in 2015. The conglomerate with businesses that span ports, retail, infrastructure, energy and telecommunications said its profit came
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Broker/Owner of Commercial Professionals in Las Vegas for over 25 years focusing on off market investments. Prof Speaker and Success Expert. The pandemic has negatively affected all classes of commercial real estate (CRE), however, it has also generated innovative possibilities for the CRE market this year including affordable rental prices, efficient online communication and sending in forms
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Dave Friedman is Co-Founder and CEO of Knox Financial, the smart and frictionless way to turn a home into an investment property.  With interest rates at record lows, this spring could bring one of the hottest markets for investment property in decades. If you’re considering buying your first investment property, or adding to your real estate portfolio
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Even the virtual world requires a physical footprint. On Thursday, Sundar Pichai, CEO of Google and its parent company, Alphabet, published a blog post announcing plans to invest $7 billion in offices and data centers this year across 19 states. The plans include over $1 billion earmarked for California and the expansion of offices in
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Mike McMullen is the CEO of Prominence Homes and the author of Build. Rent. Sell. Repeat!  Since the build-to-rent model quietly crept into the real estate sector in the early 2000s, it has steadily gained steam, chugging to prominence in the last few years. But the success of build-to-rent is relatively new, and some investors still misunderstand
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Many Upper East Side apartments boast timeless prewar details and elegant rooms. This newly-listed residence at 1000 Park Avenue comes with another layer of character: interiors by noted French designer Jacques Grange. Among the most revered interior designers globally, Grange is known for tying together traditional and contemporary elements. In addition to New York hotel
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Goldman Sachs veteran trader Michael Daffey is seen in this undated handout photo, in London, Britain. Goldman Sachs via Reuters Former high-ranking Goldman Sachs executive Michael Daffey bought a New York City mansion this month for a whopping $51 million from the estate of the late convicted sex criminal Jeffrey Epstein, his spokesman said Tuesday.
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CNBC’s Jim Cramer said Tuesday he believes it’s a favorable environment for investors to put money to work in the U.S. stock market. Positive economic signs are abound, Cramer said on “Squawk on the Street,” reading a sampling of headlines on Tuesday’s front page of The Wall Street Journal about a recovery in airline travel,
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Federal Reserve Chairman Jerome Powell speaks at a virtual news conference in Tiskilwa, Illinois, on Dec. 16, 2020. Daniel Acker | Bloomberg | Getty Images The Federal Reserve on Wednesday kept its benchmark interest rate at zero to continue to support the economic recovery from the coronavirus pandemic. The decision comes just days after the
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