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    Aerial view of 3030 Meadow Lane in Weston Florida at twilight.Daniel Petroni This 12,323-square-foot mansion recently hit the market with a $14 million price tag, making it the most expensive listing the city of Weston, Florida, has ever seen. The 27-square-mile city is about 31 miles northwest of Miami in the western-most part of Broward County. Its northern and western borders flank the Florida Everglades.Aerial view of the lakefront Monarch Estate in Weston, FL.Daniel PetroniThe seven-bedroom, 11-bath lakefront residence is in the Windmill Ranch Estates community, Weston's first residential development dating back to 1984, according the city's website. Weston has a population of 68,305, according the University of Florida's Bureau of Economics and Business Research. Its median household income is $107,908, according to the latest census data. "Weston is far enough from dense urban centers like Fort Lauderdale and Miami to give it a peaceful suburban feel, but it still gives residents easy access to bigger city life," said Senada Adzem, the property's listing agent. Real estate records show the most expensive home to ever sell in Weston fetched $7 million in...
    Tokyo (CNN Business)Evergrande is staring down about $8 billion worth of debt obligations due to foreign investors over the next year. The company's billionaire founder and chairman may have to pay at least some of that out of his own pocket.The embattled conglomerate has become the poster child of China's property crisis. Fears that the real estate developer could default and spark a contagion effect roiled global markets in September. In its latest financial stability report, the United States Federal Reserve warned that "stresses in China's real estate sector could strain the Chinese financial system, with possible spillovers to the United States."Evergrande has managed to meet some interest payments and stave off a collapse, at least for now. But a slew of new payment deadlines will soon expire. On Wednesday, a 30-day grace period is up on some $148 million worth of interest payments that the company already missed deadlines on.So far, there's been little clarity on how the company will shore up more cash. It's been trying to sell some of its assets — from a partial stake in...
    A ‘ballsy’ Los Angeles area realtor will stop at nothing to sell a $1.29million property - even if it means letting it all hang out on social media. David Ferrugio is marketing a three-bedroom, two-bathroom, 2,100-square-foot home in Monterey Hills - though it’s not the house that will catch your eye at first. Ferrugio, who announced on his Instagram page that the house on 6340 Monterey Road was being listed, looks quite comfortable in the home - so much so that he posed for photos on the property while going commando. One image shows Ferrugio picking up the morning newspaper in the driveway while clad in his robe - which happens to be untied. Underneath, he is not wearing any underwear. David Ferrugio, a Los Angeles-based realtor, is marketing a three-bedroom, two-bathroom, 2,100-square-foot home in Monterey Hills by posing naked in front of the house Another image shows Ferrugio in the kitchen preparing a hearty breakfast - though the apron is worn in a way that reveals his backside Ferrugio then posted an image showing him in the shower Ferrugio’s...
    The exclusive McLean compound built by Monumental Sports and Entertainment CEO Ted Leonsis is ready to trade hands again. The 3.5-acre property, which includes a Georgian-style mansion, Olympic-length pool, tennis court, and a guest house that has hosted the likes of Beyonce and Jay-Z, as well as Capitals star Alex Ovechkin, is currently on the market for $14.7 million. Heider Real Estate of TTR Sotheby’s International Realty has the listing. The Sorrel Street property is in Langley Forest, and was also owned by Chris Rogers, former CEO of Nextel. (Rogers and Leonsis famously bought one another’s homes in 2011 while Rogers was waiting for his own new home in Bethesda to be completed.) The property last traded hands in 2012 for $6.7 million, according to Fairfax County land records. It is currently assessed at $7.05 million. Daniel Heider of Heider Real Estate said the property offers rare privacy in Greater Washington. The current seller is Mike Stock, founder of international security… Read the full story from the Washington Business Journal.
    Compartir Tweet Compartir Compartir E-mail If any offering from the blockchain market has been revolutionary, it has been security token offerings. Its predecessor, Initial Coin Offerings (ICO) allowed promising projects to raise funds by selling native tokens that would hopefully appreciate in value if the project was successful. STOs go one step further by allowing people to buy tokenized property in assets and projects, often giving them access to investment vehicles that they couldn’t buy outright. This has been heavily exploited by the real estate market, with several real estate projects that have been tokenized and sold. Despite this, there are some underlying issues within the STO market that need to be addressed, primarily project fragmentation. A divided market? STO projects are more common these days and while this means there are more opportunities to buy, each one comes with its own rules and platforms. Often times, users must register with a specific blockchain-based platform before a sale and then purchase a specific digital token that represents ownership of the project. The problem with this...
    Actor Matthew McConaughey has disbursed $ 7.8 million (6.6 million euros) on the purchase of a spectacular mansion in Hawaii. Specifically, in the small city of Kailua-Kona, according to the real estate portal Realtor.com. The new home of the 51-year-old interpreter and his family is located in a private community in the Kukio Golf and Beach Club, calling itself one of the “best luxury real estate in the state of Hawaii.” The mansion is located on about 4,000 square meters of flat land and, although it does not have direct access to the ocean, it has dreamlike views. The real estate portal defines it as a “quiet environment reminiscent of the best 5-star resorts”. Matthew McConaughey’s new mansion in Hawaii.KUKIO On the other hand, the property, which is designed by the architect Paul Bleck, has six bedrooms and two main suites, as well as two kitchens, two fireplaces and even two pools. The design of the house is based on Hawaiian motifs, and one example of this is the outdoor patio, which is surrounded by some palm trees. In addition,...
    Ron DeSantis on Rush Limbaugh: Governor will order flags flown at half-staff to honor controversial radio host Facebook removed the main page of Myanmar military as protests continue following a military coup © eva marie uzcategui/Agence France-Presse/Getty Images THE BIG MOVE Load Error ‘The Big Move’ is a MarketWatch column looking at the ins and outs of real estate, from navigating the search for a new home to applying for a mortgage. Do you have a question about buying or selling a home? Do you want to know where your next move should be? Email Jacob Passy at TheBigMove@marketwatch.com. Dear MarketWatch,  I am hoping to be a first-time homebuyer soon. I have worked with a real-estate agent for a few months, who has shown me some nice places, but nothing has really felt like the “right” place yet. One potential spot popped up for sale recently but it is “for sale by owner.” The real estate agent told me that would mean the commission would be factored into the sale price for me to pay, as opposed to the owner of the...
    Vaccinated people dont need quarantine; US death rate down; Fauci predicts plenty of vaccine available by spring: Latest COVID-19 updates Report: Trump DOJ officials sought to block search of Giuliani records A Palm Beach mansion on a plot of land that Trump once owned is about to sell for $140 million, and it could shatter the areas real-estate record © Tasos Katopodis/Getty Images President Trump and First Lady Melania Trump return to the White House from Palm Beach on December 31, 2020. Tasos Katopodis/Getty Images A Palm Beach mansion sitting on land once owned by President Trump is in contract to sell for $140 million, WSJ reported. If the deal closes, it would shatter the area's $111 million real-estate record. The beachside mansion is a 10-minute drive from Trump's Mar-a-Lago Club and has 9 bedrooms. Visit Insider's homepage for more stories. A sprawling mansion on a two-acre plot of land that once belonged to President Donald Trump is in contract to sell for nearly $140 million, The Wall Street Journal's Katherine Clarke reported. Load Error The...
    President Trump and First Lady Melania Trump return to the White House from Palm Beach on December 31, 2020. Tasos Katopodis/Getty Images A Palm Beach mansion sitting on land once owned by President Trump is in contract to sell for $140 million, WSJ reported. If the deal closes, it would shatter the area's $111 million real-estate record. The beachside mansion is a 10-minute drive from Trump's Mar-a-Lago Club and has 9 bedrooms. Visit Insider's homepage for more stories. A sprawling mansion on a two-acre plot of land that once belonged to President Donald Trump is in contract to sell for nearly $140 million, The Wall Street Journal's Katherine Clarke reported. The property had only been on the market for a month, listed on January 8 at $140 million, the Palm Beach Daily News had reported. If the property sale goes through, it would shatter Palm Beach's real-estate record, which is currently held by a 70,000-square-foot estate on Palm Beach's Billionaires' Row that sold for $111 million in 2019 to hedge-fund billionaire Steven Schonfeld and his wife. It...
    Buying or selling a house, apartment, building, land, or other real estate is one of the best ways to grow your wealth. These are solid projects that tend to appreciate over time. But for a person or a family to make the best purchasing decisions in the real estate environment, they must choose a real estate agent. And it cannot be just anyone, but must meet some specific characteristics: A great realtor is clear and friendly The main role of these real estate specialists is to help their clients deal with the logistical, business and legal challenges of buying, selling or building a property. So you shouldn’t just be gentle and build a strong relationship with them to give them a positive sense of trust. It also has to be very clear and transparent in all processes, so that people can make the best informed decision about the future of their assets. You must have extensive experience While there are elements common to all real estate operations, there are key differences between different types of properties, as well as geographical...
    President Trump and First Lady Melanie Trump return to the White House from Palm Beach on December 31, 2020. Tasos Katopodis/Getty Images A Palm Beach mansion that sits on land once owned by President Donald Trump just hit the market for $140 million, Darrell Hofheinz reported for the Palm Beach Daily News. The newly built $140 million home is on two acres that were once part of a larger parcel that Trump sold to Russian billionaire Dmitry Rybolovlev for $95 million in 2008. If it sells at or near that price, it would shatter the area's real-estate record, which is currently held by a Billionaires' Row estate that sold for $111 million in 2019. The contemporary mansion sits right on the beach, about a 10-minute drive from Trump's Mar-a-Lago Club. It has nine bedrooms, 12 bathrooms, a guest house, and a massive oceanfront swimming pool.  Visit Insider's homepage for more stories. A sprawling mansion on a two-acre plot of land that once belonged to President Donald Trump just hit the market for $140 million, the Palm Beach...
    This historic pink mansion is located at 69 Church St. in Charleston, South Carolina. Courtesy of Maison Real Estate An over 8,000 square feet big pre-Revolutionary war home in Charleston, South Carolina is on the market, valued at nearly $10 million. Built in the mid-18th century, the mansion sits on Church Street, which the New York Post called one of the city's "most picturesque streets." The seven-bedroom mansion is complete with 15 fireplaces, a ballroom, and even a secret garden. Take a look inside the historic home, which is currently listed with Maison Real Estate for $9.5 million. Visit Insider's homepage for more stories.
    Donald J. Trump was a president from, but not of, New York. In the final months of his presidency, Trump attacked New York as a lawless "ghost town," and got attacked right back. At least 73% of New Yorkers citywide voted against their hometown candidate in election 2020, with absentee ballots still being counted. In Manhattan, where Trump lived before becoming president, every single voting district went for Joe Biden.[ READ: NYC’s Falling Rents Reflect Economic Pain  ]When Trump was elected in 2016, it was his first serious venture into electoral politics. In the half-century before his election, the then 70-year-old Trump had been a real estate developer, serial entrepreneur and reality television star. Back then, Trump's personal story and style were deeply intertwined with New York. After winning the election, he floated the idea of remaining at least part-time in his home in Trump Tower on Manhattan's Fifth Avenue rather than moving entirely into the White House. As a New Yorker whose mother and grandparents were also born here, I have long observed Donald Trump's strange relationship with our...
    Goldman Sachs has reportedly reached an agreement with the U.S. Department of Justice to pay $2.8 billion in fines for the bank's role in Malaysia's 1MDB scandal. The agreement, which may be announced within days, will allow Goldman Sachs to avoid a U.S. criminal conviction over the scandal, the Wall Street Journal reported on Tuesday. In total, Goldman Sachs will have to pay out more than $5 billion in fines in the scandal, in which former Malaysian Prime Minister Najib Razak and his cronies looted billions from 1Malaysia Development Berhad, a government investment fund, under Goldman's oversight. The U.S. Department of Justice and Goldman Sachs did not immediately respond to requests for comment.  In total, Goldman Sachs will have to pay out more than $5 billion in fines in the scandal, in which former Malaysian Prime Minister Najib Razak (above) and his cronies looted billions from 1Malaysia Development Berhad The 1MDB scandal has been a distraction for Goldman as new CEO David Solomon (above) tries to push the bank in profitable new directions RELATED ARTICLES Previous 1 Next...
    For most homeowners hoping to sell a property, the polish comes out in a bid to get the place in tip top condition ready for potential buyers.  However, this selection of bizarre real estate agent photos, shared to Reddit and Powersiteblog, prove that some people still have quite a lot to learn - so it's no surprise their listings are still on the market.  Amongst the amusing images, which have been taken all over the globe, includes a homeowner who superimposed a flower pot on the kitchen worktop to make it look more homely, and a garden which features grass far too green and pristine.  Elsewhere, another person posted an advert to try and entice someone to rent a bedroom in his family home - with rules including 'no laundry' and 'no cooking.' There's no denying a pot of flowers would brighten up any home - but it doesn't have the same appeal when it's Photoshopped onto the picture.  Pictured, in an unknown location Something about this snap, taken in an unknown location, makes us think the grass may not always...
    A realtor wearing a protective mask uses a smartphone to provide a virtual video tour of a home for sale in Sacramento, California, U.S., on Monday, June 29, 2020.David Paul Morris | Bloomberg | Getty Images Prospective buyers getting their first glimpse of potential homes through smartphone cameras connected by FaceTime and Zoom. 3-D modeling technology used to create digital walkthroughs that can be replayed at any time from nearly any angle, and can even fill an empty room with virtual furniture. Shelter has always been a basic personal need, but coronavirus and the ensuing lockdowns have made it more critical than ever. Home is not just a haven from the pandemic, it's now the office, gym, movie theater and cocktail lounge in one. For real estate, an industry dependent on how people feel about a potential home in-person, the pandemic and the ensuing need for social distancing, cleanliness, and minimal contact, has changed technology's role from nice-to-have into a must-have. New technology tools like virtual walkthroughs, 3-D mapping and drone surveys, were adopted years ago, but only on a...
    Protesters hold signs that says, "Black Lives Matter" a painted portraits of George Floyd with the Pan-African colors of Red, Black and Green behind them as they walk with thousands of protesters from Cadman Plaza to take part in the peaceful protest across the Brooklyn Bridge. Ira L. Black/Corbis via Getty Images Some companies and organizations are changing industry-specific terms to be more inclusive in the wake of protests over institutional racism. The word "master" has been scrapped from official terminology in real estate, technology, and even the world of elite wine as industry leaders have been called upon for more concerted efforts to address longstanding lingo some have criticized as racist. The changes in standard industry language for these companies come alongside a moment of reckoning for other problematic symbols in entertainment, media, and historical artifacts. Visit Insider's homepage for more stories. Some companies across technology, wine, and real estate have scrubbed the word "master" from common usage in response to expanded conversations about institutional racism against Black Americans. Last week, The Houston Chronicle reported that...
    The numbers: After two consecutive months of decline, the index of pending home sales soared 44.3% in May as compared with April, the National Association of Realtors reported Monday. The monthly increase was the largest ever since the National Association of Realtors started the index in January 2001. “This has been a spectacular recovery for contract signings, and goes to show the resiliency of American consumers and their evergreen desire for homeownership,” Lawrence Yun, chief economist for the National Association of Realtors, said in the report. “This bounce back also speaks to how the housing sector could lead the way for a broader economic recovery.” The index measures real-estate transactions for previously-owned homes where a contract was signed but the sale had not yet closed, benchmarked to contract-signing activity in 2001. Compared with a year ago, contract signings were still down 5.1%, a sign of how steep the declines in March and April were given the record monthly increase in May. What happened: Every region saw a monthly increase in pending home sales, led by the West (up 56%) and...
    The initiative is unique in the Mexican commercial real estate market. With it, clients will be backed by a team of specialists to actively manage efficiently and flexibly, supported by tailored global technology. It is also designed to adapt to the specific needs of customers. The services it offers are focused on financial institutions, investors, funds, developers or property owners, as well as administrative or guarantee agents dedicated to granting or receiving real estate financing, whether public or private. “Our clients will now be able to have experts to support them in the administration and oversight required for managing a financing or investment transaction, helping them maximize revenue while minimizing investment risk and reducing overhead,” added Daniels. In this way, CBRE Mexico’s Loan Services becomes the first local independent provider specialized in providing investment management, financing and real estate guarantees services. In addition, it carries out the supervision that the management of a transaction requires regarding its contractual terms, such as the underlying real estate and the flows it generates. Gonzalo Portilla, who will be in charge of the new...
    Portugal is still in vogue among real estate investors, despite the coronavirus. Olimpo Real Estate Portugal, (ORES Portugal), the Real Estate Investment and Management Company (SIGI) launched by Bankinter and Sonae Sierra in late 2019 It starts trading on the Portuguese stock exchange this Wednesday. It will do it in the stock market Euronext Access Lisbon, one of the alternative trading platforms operated by Euronext. ORES Portugal will be the first SIGI to be listed on the Portuguese market since the Portuguese Government created a specific legal regime for investment companies in 2019. ORES will be listed with a reference price of € 4 per share and a market capitalization of 50.2 million euros. Currently, 12% of the capital of the SIGI -the Portuguese equivalent of a Spanish socimi- belongs to Bankinter, 5.14% falls on the Portuguese group Sonae Sierra, and the remaining 82.86% is distributed among small shareholders. The SIGI was born at the end of December 2019 by Bankinter and Sonae Sierra with the aim of managing a portfolio of properties of more than 500 million euros in...
    The end of the alarm state and the implementation of the ‘new normal’ will result in a reactivation of real estate operations, placing the recovery of the sector in the last quarter of the year. This is clear from a survey carried out by the Official College and Association of Real Estate Agencies and Agents of Madrid (COAPIMADRID – AIM), in which 65.62% of professionals opt for this option. On the contrary, 28.12% of the agents are more pessimistic and consider that this year there will be no reactivation. They believe that we will be in a situation of atony which will remain until at least mid 2021 moment in which they will begin to gather strength again the usual rhythm that – already slowed down – had begun to install in late 2019 and during the weeks of 2020 prior to confinement. Professionals meet expectant and are more cautious about of whether or not there will be a wave of investors that take advantage of the new trends that have emerged in the market due to the confinement and...
    Build to rent or ‘Build to rent’ It is the real estate business model that has found in the pandemic the opportunity to grow and revive the sector. The reason? The rent is gaining weight against the purchase after the crisis of coronavirus. Currently, 95% of the real estate offer is in the hands of small owners, the rest falls to socimis, funds, promoters or insurers who have professionalized the sector and have joined forces to respond to a growing demand. This investment strategy in residences was already gaining prominence during 2019, but it will be in 2020 when it consolidates in our country as a result of the lack of available land in the main provincial capitals. In Spain, more and more investors are attracted by this form of construction, since it is an investment that provides secure sources of income, “they explain from Solvia. The growing investor appetite for this business model is a fact. What’s more, it is displacing part of the investment from other types of real estate and from other markets, due to its recurring...
    This content was republished with permission from WTOP’s news partners at Maryland Matters. Sign up for Maryland Matters’ free email subscription today. A University of Maryland senior is finding new ways to show homes during the COVID-19 pandemic. Computer science and kinesiology student Josh Ermias has developed a drone with a 360-degree camera — an innovation that has captured the attention of real estate agents hoping to save money and to show properties more easily. “Specifically during these times, we are making it easier for people who are thinking about moving out or for people who don’t like their current situation to check out homes without having to expose themselves to the harsh reality of COVID,” Ermias said. Ermias’ drone will work sort of like a robotic vacuum cleaner that navigates and moves around obstacles on its own. Now, real estate agents often rely on 3D cameras that scan the interior of homes and software that is used to stitch still images together to create a virtual tour. They hire marketers or photographers to take a camera and tripod inside a house, moving it a...
    ROME (AP) — Vatican police on Friday arrested an Italian businessman involved in a controversial London real estate deal on suspicion of extortion, fraud and money laundering, the Holy See said. Gianluigi Torzi was being held in the Vatican gendarmes’ police barracks after he was questioned by its chief prosecutors, the Vatican press office said in a statement. It’s the first arrest in a nearly yearlong investigation into the deal, which has convulsed the Vatican, raised questions about Pope Francis’ seven-year financial reform effort and exposed Machiavellian turf battles at the Holy See. In a statement, the Vatican noted that the charges of which Torzi stands accused carry a 12-year prison sentence if he’s convicted. The Vatican provided no contact information for Torzi’s attorney, who it said accompanied him to the interrogation. Vatican prosecutors are investigating allegations of corruption in the Secretariat of State’s 2012 purchase of a 150 million euro stake in a luxury residence in London. The Vatican bought the other investors out at the end of 2018, but then realized it had taken on an onerous mortgage...
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