Mortgage securities are drawing buyers after tumbling last year and
handing billionaire hedge fund manager John Paulson his first loss in
the bond market.
A penthouse apartment in London's Knightsbridge neighborhood was purchased
for about 100 million pounds ($157 million), a person with knowledge of
the transaction said.
Swiss insurers are finding property investments less profitable as
millionaires push up apartment prices in Geneva, Zurich and Basel.
Jason Haber, who runs a New York real estate brokerage firm, is
struggling to find apartments to show a client who's in the market for a
Manhattan home priced around $8 million.
The Manhattan duplex owned by Brooke Astor, the late philanthropist and
socialite, sold for $21 million, less than half of its original asking
price.
by Colleen O'Dea
The wealthy were expected to turn to shared ownership of jets, yachts and other high-end goods when the economy tanked. But they mostly resorted to no ownership, until recently.
Home prices in the Hamptons, the Long Island beach towns that attract
summering Manhattanites, surged 22 percent in the third quarter from a
year earlier as demand climbed for luxury properties.
Policies designed to reimburse homeowners who suffer a loss on a sale due to declining local prices hit the market in September. That's about five years too late for U.S...
by
Jim McConville
The SEC has obtained an order freezing the assets of a company that used an investment advisor representative to operate a Ponzi scheme in a
supposed distressed mortgage loan fund.
by
Karen DeMasters
The SEC has charged a California CPA who owns an advisory firm with defrauding clients and breaching fiduciary duties through real estate deals.
The second-largest
owner of U.S. neighborhood shopping centers plans to spend about $300
million to redevelop properties, says its CEO.
A slowing U.S. economy is curtailing home-buying demand and encouraging current
owners to save cash by locking in near-record-low borrowing costs.
by
Jim McConville
The Financial Industry Regulatory Authority (Finra) today issued an
alert ton public non-traded REITs, warning investors that they should be wary of distribution, liquidity and valuation issues...
by
Jim McConville
Publicly traded real estate investments have provided a better
investment return premium compared to private equity real estate funds
over a range of holding periods, including over the last...
Hong Kong has the world's most expensive average home prices for
billionaires, with per square foot value of those properties almost
double that of London, according to a new survey.
by Michael S. Fischer
Baceline Investments specializes in finding 'diamond' commercial properties in Middle America.
by Seth Lubove
High-profile investors are pouring money into farmland, whose returns have trounced those of equities in recent years.
by John Gittelsohn and Oshrat Carmiel
Billionaires from Russia and other emerging markets are cementing their new wealth status by buying up high-priced U.S. mansions.
Real estate auctions, long used in the sale of foreclosed properties,
are becoming more popular among wealthy homeowners to drum up interest
for mansions that have languished on the market.
