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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...
...However, the government announced last month that the 2023 deficit reached 7.2 per cent of GDP, well above the official target of 5.3 per cent....
...Italy is the EU’s biggest single recipient of the fund, scheduled to receive about €200bn in grants and loans....
...Palermo Catacombs I look at the dead in Peter’s photographs and think, “That’s quite a crowd, too.” You might need some La Mer cream on these people. I tell you, don’t ever get an open coffin....
...Cardinal Giovanni Angelo Becciu, once one of the most powerful figures in the Holy See, was sentenced by the Vatican’s criminal court to five years and six months in jail on Saturday in what the Italian...
...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....
...She moved in as a six-year-old after her grandfather died and her father took over the running of the estate....
...When they were founded, the likes of Kuvare, Canyon and Angelo Gordon did not occupy the most glamorous corners of Wall Street. Slow, steady and humdrum is having its day in the sun....
...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....
...“In the last three years, the [number of properties in the] normal rental offer has shrunk to a size that I have never seen in my 25 years in the market,” said Diego Nocera, an estate agent in central Buenos...
...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...
...The group will first purchase a near 40 per cent stake from the current owners of the Orioles, the Angelos family....
...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....
...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....
...Cardinal Giovanni Angelo Becciu told Italian television on Monday that he relied on expert advice when he approved an initial $200mn investment in a London office building that is at the centre of the biggest...
...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...
...But John Angelos, son of the 94-year-old Orioles owner Peter Angelos, had made it his mission to keep the team in town....
...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....
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