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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...
...The $60bn Blackstone Real Estate Income Trust generated $2.7bn in cash flows in 2023, mostly in rents from a portfolio spanning thousands of warehouses, apartment buildings and data centres across the US...
...CVC acquired the estates as part of its €4.5bn purchase of Unilever’s tea division, then named Ekaterra, in 2021....
...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....
...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....
...Signs of stress in the commercial real estate sector are now coming thick and fast....
...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....
...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...
...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....
...But we take the less travelled road, to Farleys House, in the village of Muddles Green, home of the English painter Roland Penrose and his American wife, the Vogue model turned war correspondent Lee Miller...
...Goddard, alumnus of both Rambert and Richard Alston Dance Companies, is an artist of extraordinary versatility, capable of investing the slightest step with dramatic purpose....
...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....
...I appreciate how tightly together Alston painted them, giving a sense of their unity, and how the three figures on the sides seem to be walking to join the movement....
...With more than 40 per cent of the vote counted, the race was called for Biden with 87 per cent of the vote and Trump, with 76 per cent....
...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....
...He is trailed by state senator Roland Gutierrez, a more progressive leaning state senator, who has gained prominence as a vocal advocate of gun control since the 2022 Uvalde school shooting....
...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....
...British executive Roland Carter, a three-decade Smiths veteran, replaced Keel with immediate effect last month....
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