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...I can report that Los Angeles in January is a lot more pleasant than New York in January, and that the best song to blast out of your rental car window on Rodeo Drive is the Decemberists’ “Los Angeles, I...
...News round-up Activist fund Elliott seeks board seats at oil refiner Phillips 66 (FT) Castore scores £950mn valuation after Raine-led funding round (FT) Farfetch shares plunge despite talk of founder...
...A plus point – or downside, depending on your perspective – is that owners must agree to share their view, putting their property into Homestead Modern’s rental pool....
...Despite the headwinds, chief executive Garcia III said the company had enough near-term liquidity between $300mn in cash, $2bn of revolving credit capacity, as well as $2bn worth of property it could borrow...
...“Shared owners undertake an affordability assessment and are required to purchase the maximum initial percentage share they can afford,” Phillips adds....
...“Three years ago, holiday lets were struggling a bit and we saw some owners transfer their properties over to long-term rentals, but not now.”...
...In May, they moved into a smallholding on 14 acres near the town of Lampeter, about 20 miles south of Aberystwyth, including a barn and a two-bedroom holiday rental property from which they plan to run art...
...Shares in the energy group dropped 1.5 per cent following Elliott’s declaration that the company’s longstanding chief executive Alistair Phillips-Davies had widely underperformed during his eight-year tenure...
...A shortage of properties for sale, a strong labour market and low mortgage rates helped shore up prices....
...A surge in apartment rentals in recent months — albeit at reduced rents — suggests that young workers still want to be in New York City, even after the pandemic....
...One of them, Phillip Mah, 33, arrived in Maui with his fiancée in January, after Facebook, his employer, told him he would not need to be back in the office before July and the lease on his Bay Area rental...
...Any profits would be split between the holding company and the LLC partners....
...The Las Vegas Sands said in October it would consider offloading its Vegas properties if the price was right, Bloomberg reported....
...Rising mortgage rates (and a potential shortage of rental units) will add significantly to the cost of living for households across the income spectrum....
...Providence Equity Partners has promoted Davis Noell and David Phillips to senior managing directors and North American co-heads in New York, as well as Karim Tabet and Andrew Tisdale as European-co-heads...
...Former banker Nicholas Gill, 52, is co-owner and chief executive of the sale and rental furniture company David Phillips....
...Tax increases also have been driving buyers towards rentals, she said....
...It covered half the cost of construction, splitting it with the property developer Alexandria Real Estate Equities, which will receive rental income over 25 years....
...Chinese president Xi Jinping has called for improving the country’s under-developed rental property market, prompting a wave of investment, but many rental housing ventures have struggled to earn profits...
...Data from New York property website StreetEasy show that more than one in 10 condos sold in New York last year — a total of 1,313 — were listed for rental within six months, the highest number since the...
...After the bagels were sold off in 2003, Mr Chesterman went on to launch what became Lovefilm and grew to be the biggest DVD rental service in Europe by 2011....
...Price rises for rental apartment properties had outpaced other parts of commercial real estate, it noted....
...The deal for the 1.2m square foot complex, which sits between 15th and 16th Street on Manhattan’s West Side, follows the company’s 2010 purchase of a property at 111 Eighth Avenue for $1.8bn, directly across...
...Mr Chesterman, a serial entrepreneur, made millions in 2011 by selling DVD rental service Lovefilm to Amazon for £200m....
...rental tower in Jersey City....
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