The Rockefellers and the Astors knew how to pick real estate. The worth of the properties
they once owned on Mount Desert Island in Maine has soared during the
national real estate bust.
Blackstone Group LP, the world's largest private-equity company, told
investors it raised $4 billion for its latest real estate fund, four
months after kicking off fundraising.
The price of a luxury home in central London can jump as much as 3,000
pounds ($4,800) a square foot with the help of a pair of white gloves
costing a few pounds.
A surge in wealth from technology stock sales and IPOs is spilling into the Silicon Valley real estate market as
newly rich workers bid up home values.
Homes priced at $10 million and above are accumulating on the market in Greenwich, Conn. -- a slump that coincides with a reduction in cash bonuses on Wall Street.
Beverly Hills is luring wealthy individuals seeking real
estate investments, driving up prices for trophy apartment buildings in
the city.
The most affordable real estate in a generation is failing to lure
buyers as Americans sour on the idea of home ownership.
While much of Florida's real estate market remains depressed, buyers seeking homes in the state's affluent enclaves are finally getting off the fence, observers say.
Wealthy individuals are increasing their investments in commercial properties, whose low values are being viewed as attractive yield opportunities.
