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...Many owners face succession challenges or want to raise new capital to finance improvements to their stadiums and surrounding real estate....
...In Zurich, Jelmoli’s current owners, Swiss Prime Site, are redeveloping their real estate asset, not innovating a retail format....
...’s Houstonian owner, Ralph Eads....
...Its owners bought the tiny island, with its old fruit orchards and five-bedroom farmhouse, as a holiday home project....
...India’s stronger labour laws have required estate owners to pay workers fairer wages, and climate change has started to decrease overall tea yields at a faster clip than more mountainous Nepal....
...There are $117bn of commercial mortgages tied to offices which either need to be repaid or refinanced in 2024, according to data from the Mortgage Bankers Association....
...The fallout from the implosion of René Benko’s luxury property group, Signa, has highlighted mounting distress in the commercial real estate sector....
...Inside, the wood-dominated decor includes timber beams, vaulted ceilings and an oak spiral staircase....
...But, he adds, “many of the [financial] challenges are cyclical, and owners can find ways to adapt and ride out harder times”....
...Rechler is the scion of a Long Island real estate family....
...Tasting and lunch will be outside under some oak trees . . . should be a lovely day.”...
...A total of $117bn in commercial mortgages tied to US offices will come due this year, according to the Mortgage Bankers Association....
...Rocket Company, owner of Quicken Loans, the country’s largest non-bank mortgage lender, is up 66 per cent since November....
...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....
...In the words of the former Country Land and Business Association president Mark Tufnell: “As a sector, we need to do more to shout about the impressive philanthropic contribution that land and property owners...
...Some, such as Harold Hamm, the Oklahoma oil tycoon, or Robert Bigelow, owner of Budget Suites of America, invested their money in Florida’s governor, Ron DeSantis....
...sam.jones@ft.com Letter in response to this column:Blame real estate owners for the woes of department stores / From Christopher Knee, Honorary Adviser, International Association of Department Stores, Paris...
...Savills, the estate agent, calculated that someone with no mortgage moving from a four-bed house — with an average price of just over £560,000 in England and Wales — to an average two-bed home would unlock...
...The number of owner-occupiers with a mortgage has fallen by 2mn since 2002 and sits at levels last seen in the 1980s, according to Building Society Association research....
...But he also announced two sticks, of increased taxes on some real estate investors....
...The estate was bought by hotelier and developer Paddy McKillen, former owner of Claridge’s and The Connaught, who has created a biodynamic winery and an undeniably remarkable landscape of art and architecture...
...In the north of England, the West Yorkshire borough of Calderdale near Leeds has teamed up with genealogists Fraser & Fraser to locate estate executors or living relatives of the deceased owners of properties...
...We liked the south of Spain, too, but there just aren’t the direct flights [to Tampa],” says the software company owner, who preferred not to disclose his surname....
...I’m not a real estate guy . . . so if I have to bring in a partner who knows that shit, I’m fine with that.”...
...A long history and an unparalleled reputation are not necessarily assets for new owners....
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