Real Estate

Certain elements of any commercial real estate transaction will tend to drive up the legal fees. RANJAN SAMARAKONE Commercial real estate clients regularly complain about legal bills, both because they think the hourly rate is too high and they say the work took too many hours. It’s a compelling demonstration of the incredible power of

President, Chief Appraiser at Argianas and Associates, specializing in the valuation of complex institutional quality properties. getty As society has evolved from a predominantly rural population to an increasingly urban one, real estate trends have responded. In 1800, approximately 6% of the human population lived in cities; by 1900, this number jumped to 40%, and today

Longboat Key is only 15 minutes from Sarasota getty Florida’s Longboat Key attracts five-star luxury development. Longboat Key a moneyed enclave, neighboring affluent Sarasota is a hot property right now. In Q3 2020 closed condominium and townhome sales above a million hit 102 compared to 39 in Q3 2019. Located in both Sarasota and Manatee

(Photo: Getty Images | d3sign) SINGAPORE — Commercial real estate prices have plunged this year as people stopped going into offices, and retail businesses were disrupted. That could lead to a significant amount of losses for banks, according to a recent report. In previous downturns, commercial property loan losses were “heavy” and there are worrying

Page views and home sales are up in Myrtle Beach, South Carolina. getty The ability to work remotely has many home buyers toying with the idea of moving to vacation home markets, which are seeing increased interest as shifting priorities and preferences transform where and how people want to live.  Page views of for-sale listings

Founder of Keepmore.com and author of “Hidden Investing: What the Wealthiest 1% Know That We Don’t.” Getty I’ve dedicated the last few years of my life to doing everything I can to raise the level of financial literacy among the people I know and love. I even recently published a book with the mission of

A pair of lawsuits aim to stop a HUD rule that would weaken a key fair housing tool. getty A coalition of fair housing advocates has filed a federal lawsuit against the U.S. Department of Housing and Urban Development over the recent reversal of long-standing fair housing protections.  The suit challenges HUD’s new disparate impact

One out of two college students knows “housing insecurity” by heart, first-hand. As many as 68,000 claim to be homeless. That data came before the novel coronavirus struck, heat-seeking America’s and the world’s most vulnerable. So when sustainable urbanism grad student Armelle Coutant and three of her Stanford University colleagues set out on a sleep-deprived

NEW YORK, NEW YORK – JANUARY 23: Claire Mazur and Erica Cerulo attend the goop lab Special Screening … [+] at Metrograph on January 23, 2020 in New York City. (Photo by JP Yim/Getty Images) Getty Images A decade ago, before the prominence of Instagram and Pinterest, finding unique fashion and decor created by independent

A “sold” sign is posted on a home in Westfield, Ind., Friday, Sept. 25, 2020. The housing market has … [+] staged a furious comeback this summer, even as the economy struggles to regain its footing. Home sales have surged to the highest level in more than a decade. The strength has been driven by

VP of Investor Relations at Boron Capital, a private investment firm serving diverse segments of the population.  getty According to a recent report from McKinsey, 1.4 to 2.1 million (25 to 36%) of American small businesses are at risk of closing permanently due to the pandemic. With economic stimulus at a standstill, many businesses may close

Kenny Williamson | Moment | Getty Images A local authority in the U.K. is to provide university researchers with a house to test low-carbon technologies, with the collaboration set to gather potentially valuable data which could inform how buildings are designed in the years ahead.  The partnership, between Hull City Council and the University of

authentic medieval beautiful villages (borgo) of Italy getty Italy’s region of Emilia Romagna is paying people under 40 up to €30,000 to move to its mountain towns and buy or restore a house, in a bid to revamp depopulated areas.  The goal is to breathe new life into off-the-radar places where living conditions are tougher

Prices in the Hamptons hit new records in the third quarter, as wealthy New Yorkers fled the city and continue to buy homes on the beach, according to a new report. The average sales price in the Hamptons soared 46% in the quarter, to just over $2 million, according to a report from Douglas Elliman

Founder & CEO Robert Reffkin started Compass in 2012 Compass In my continuing coverage of the country’s real estate market, I reached out to Compass Founder & CEO Robert Reffkin. In 2012 Reffkin started Compass with the idea to providing tools and services to help real estate agents grow their businesses and better serve their

The CEO of real estate brokerage Redfin told CNBC on Thursday he anticipates the coronavirus pandemic-driven boom in the housing market will persist into next year. Existing home sales increased 9.4% in September, surpassing expectations, and the median purchase price rose nearly 15% year over year, according to data released earlier Thursday by the National Association of

Mortgage rates have hit a new low, offering the average homeowner $304 in savings. getty Mortgage rates have hit a record-low once again. According to Freddie Mac, the average interest rate on 30-year, fixed-rate mortgage loans is now just 2.80%, the lowest point recorded since 1971 — when the company began tracking rates. It’s just

Pedestrians walk past a home with a “Sold” sign in San Francisco. David Paul Morris | Bloomberg | Getty Images Sales of existing homes rose a higher-than-expected 9.4% in September to a seasonally adjusted annualized rate of 6.54 million units, according to the National Association of Realtors. Sales were up 20.9% annually. Sales could be

Andrew Cuomo attends a 9/11 memorial service on September 11, 2020. (Photo by Michael M. … [+] Santiago/Getty Images) Getty Images New York governor Andrew Cuomo extended the ban on Covid-related commercial evictions and foreclosures on Tuesday. Landlords are now prevented from attempting to oust commercial tenants through January 1. The moratorium had been set

Retrofits can include the installation of solar panels on a home’s rooftop, such as this property in Kent, England. Andrew Aitchison | In Pictures | Getty Images You only need to look at the huge numbers of people working from home to see how tech has changed the buildings we live in.  Through laptops, tablets

Toni Morrison, American writer, novelist, editor, Italy, September 2012. (Photo by Leonardo … [+] Cendamo/Getty Images) Getty Images The last home of Nobel prizewinning author Toni Morrison has come on the market for $4.75 million. Located in Tribeca’s landmark Textile Building, the condo is a corner unit with a modern feel despite the building dating

Custom made to order furniture is more accessible than ever. Emery Bastable/Society Social 2020 has been a year of collective realization about the importance of our living spaces and interior design. Not only are we all spending more time at home, but most of us are renovating, redesigning, and refreshing our spaces to fit the

Homebuyer demand is incredibly strong compared with last year, but there appears to be a slight pullback this month. A drop in buyer demand caused total mortgage application volume to fall 0.6% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Applications to purchase a home fell 2%

Joshua Copeland at the Colorado Homebuilding Academy Ryan Dumville | CNBC The coronavirus pandemic hit Joshua Copeland and his industry hard. The 38-year-old chef contracted Covid-19 last spring, losing his sense of taste and smell, which are critical to anyone in his line of work. Copeland recovered, but his restaurant—like thousands of others that were

What’s the difference between artichoke hearts and rental apartments? RANJAN SAMARAKONE I need to eat. It’s a basic human need. So I go to the store and buy things to eat. I often make salads, so I buy artichoke hearts almost every week. I pay whatever the store charges. If I think the store is

A perfect example of mid-century modernism, the Kaufmann Desert House is for sale. Daniel Solomon for Vista Sotheby’s International Realty At its best, modernism produced poetically beautiful buildings whose spare simplicity belied their sophisticated design. A stellar example is Richard Neutra’s Kaufmann Desert House.  Located in modernism’s spiritual epicenter, Palm Beach, California, it is considered

SEATTLE, WASHINGTON – New England Patriots’ Brandon Copeland (L) and Stephon Gilmore tackle Seattle Seahawks’ Chris Carson on September 20, 2020 in Seattle, Washington. Abbie Parr | Getty Images Sport | Getty Images Millions of Americans have been financially impacted by the coronavirus pandemic. New England Patriots linebacker Brandon Copeland wants to help. “We can’t

Saqr Al-Qassimi is the CEO of RAK Real Estate, a family-owned real estate developer in the United Arab Emirates. getty The pandemic has dramatically shifted business operations in several ways — there’s no doubt about that. Although the rapid changes have caused some people to hunker down and hide, I believe the shift has also prompted

Companies controlled by one of New York’s most prominent hotel developers received millions of dollars in loans from a government program intended to support small businesses as the coronavirus hammered the economy. At least eight businesses owned by Sam Chang received between $2.8 million and just over $7 million in federal small business loans, according

Kent Clothier, a national leader in the real estate investing industry, is the Founder and CEO of Real Estate Worldwide (REWW). getty If you’re just getting started in real estate, you’re likely still working a full-time job while pursuing this new venture on the side. You may want to make the leap to a full-fledged real estate