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...LetterOne is currently chaired by Davies, a former minister in Gordon Brown’s Labour government who earned $40mn in 2022 for his work at the firm....
...Selling Mayfair: The new owner of the Sotheby’s London real estate franchise aims to disrupt the business of selling multimillion-pound homes in the city....
...Silvio Berlusconi’s Sardinian beach estate is going on sale for €500mn after his five children agreed to sell the asset, according to people with knowledge of the transaction....
...It comes as the Canadian Real Estate Association publishes home sales data for February. Five more top stories 1....
...According to its annual report, the $60bn Blackstone Real Estate Income Trust generated $2.7bn in cash flows in 2023 but paid out a distribution of more than $2.8bn, resulting in the first annual shortfall...
...Monetary policy: Federal Reserve Bank of Atlanta president Raphael Bostic appears at an event hosted by the University of Cincinnati’s Real Estate Center....
...Among the listed real estate companies, Compass looks most directly exposed. The buyside accounted for more than half of its transactions closed, according to analysts at Gordon Haskett....
...The value of farmland held by investment groups has more than doubled over the past three years, according to the National Council of Real Estate Investment Fiduciaries....
...America’s CRE hangover: Some players are finally getting more honest about America’s commercial real estate pain, writes Gillian Tett. Social price: Do you dislike being hounded online to buy stuff?...
...Nearly 70 per cent of homes purchased in the final three months of 2023 were bought without a mortgage, according to Pamela Liebman, chief executive of real estate brokerage Corcoran, compared with 55 per...
...the multitrillion-dollar global commercial real estate sector....
...HSBC’s quarterly profit plunged 80 per cent as it took a $3bn charge on the value of its stake in a Chinese bank and a further writedown on commercial real estate....
...New York’s ‘skyscraper queen’: Darcy Stacom, one of the most powerful figures in New York City real estate, is leaving brokerage CBRE after 22 years in a further sign of the crisis upending the sector....
...With both pathos and humour, it’s revealed that Ichiban’s sympathies lie not with the real estate moguls or immaculately dressed yakuza but with the downtrodden for whom the American dream in Hawaii, the...
...York Community Bancorp revealed it had taken large losses on loans tied to commercial property recently, while Japan’s Aozora Bank and Deutsche Bank warned about the risks from their exposure to US real estate...
...Take a break from the news One local estate agent describes Aspen as a “curated snow globe” with its designer boutiques, historic buildings and almost nothing exceeding 28ft in height....
...German insurers, including Munich Re and Allianz, have amassed more than €3bn of exposure to the struggling property empire owned by real estate billionaire René Benko, according to documents reviewed by...
...The company that set out to revolutionise the office real estate market could not escape the combined forces of pricey leases it had signed before the Covid-19 pandemic and weak occupancy rates as hybrid...
...Their role is a unique mash-up of personal assistant, estate agent and therapist and there is a growing demand for such services. Additional contributions from Tee Zhuo and Benjamin Wilhelm...
...on its real estate investments....
...The estate was razed not long afterwards, but solving the crime proved painful....
...Read more on the global slump in commercial real estate prices. Take a break from the news The new podcast McCartney: A Life in Lyrics is built on recordings never intended for public consumption....
...implications for real estate values and local tax receipts....
...Chris Norris, policy adviser at the National Residential Landlords Association, which represents buy-to-let investors, said: “In the rest of the market it’s not a huge issue because there’s a lot of demand...
...Meta’s decision is part of a review of its “entire global real estate footprint”. 4....
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