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...Pontegadea said it remained optimistic about the future of offices, which make up 40 per cent to 50 per cent of its real estate portfolio, and did not subscribe to the view that the rise of working from...
...elizabeth.pears@ft.com What are your favourite covers? Please let me know....
...Berkshire Hathaway’s HomeServices of America, the largest US residential real estate brokerage, has joined rivals and agreed to settle lawsuits that challenged long-standing fee arrangements in the industry...
...The changes could cut the $100bn Americans pay annually in real estate fees by as much as 30 per cent, according to a study by the Consumer Federation of America, a watchdog....
...Yet buying real estate is not the smartest use of luxury cash flows. On the face of it, Kering’s deal does not look too bad....
...Signs of stress in the commercial real estate sector are now coming thick and fast....
...But that ubiquity is all the co-founder of two of the biggest brands in the billion-dollar Kardashian empire is going to express remorse over....
...She moved in as a six-year-old after her grandfather died and her father took over the running of the estate....
...European commercial real estate deal making fell to a 13-year low at the start of 2024, as fading hopes of imminent interest rate cuts prolonged the slump in property markets....
...Many of the more newsworthy collapses, however, have been brought about by new investors leveraging the real estate of department stores....
...The unlikely corporate raider In December 2020, veteran property executive Paul Weightman retired from the Australian real estate business he had founded more than two decades before....
...Global real estate, squeezed by rising interest rates, is in the midst of the worst slump since the financial crisis. Office occupancy and valuations have plummeted, especially in the US....
...The party to celebrate the relaunch of the Sotheby’s London real estate franchise did not cost £2.5mn. George Azar would like to be clear about that....
...China’s industrial activity beat market expectations at the start of the year, offering a boost to policymakers as they struggle to counter a two-year property slowdown that continues to weigh on the world...
...Indeed, many of tech’s most famous “charismatic leaders” — Sam Bankman-Fried, Elizabeth Holmes, Elon Musk — lack the kind of stage presence or easy confidence that we might expect a charismatic person to...
...Diana (Elizabeth Debicki) exists as a spectral figure in the palace even in the weeks before her death....
...The UK’s largest property platform said operating profit rose 7 per cent to £258mn in 2023 even as the number of homes sold nationwide last year dropped to 1mn, the lowest in a decade....
...Should the deal be approved by a federal court, the influential trade group would pay $418mn in damages to home sellers and slash the commission fees that supply the bulk of 1.6mn US realtors’ income....
...They are “the Litchfield Augustines”, as everyone who is anyone knows: wealthy Connecticut magnates who, over the course of 150 years or so of exploitation, have built a fortune from railroads, real estate...
...Some of the best-dressed stars of the evening offered subtler references....
...The sheer number of Evergrande homes that require aid for completion may simply push other developers to the back of the queue for any government support....
...McCarthy said the firm has $40bn of “dry powder” — funds raised but not yet invested — and is targeting its investment in parts of the real estate market with “the strongest cash flow growth and favourable...
...The real estate agents’ lock on online listings drove up costs and combined with a shortage of affordable homes to shut all but the most affluent buyers out of the housing market....
...The posted bond has prevented New York state from seizing his assets — particularly his prized real estate — while he appeals a $464mn fraud judgment....
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