Real Estate

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Rita Jenrette scandalized Washington in the 1980s when, as the wife of a disgraced congressman, she posed for Playboy. After reinventing herself as a New York real estate broker and eventually marrying into Italian nobility, she’s now saying arrivederci to the historic villa that’s been in her late husband’s family for 400 years. Seated in
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In this article BTNB Hari Krishnan, chief executive officer of Singapore-based start-up PropertyGuru. Nicky Loh | Bloomberg | Getty Images Southeast Asia’s online real estate company PropertyGuru plans to use proceeds from its public market debut next year for mergers and acquisitions, its CEO Hari V. Krishnan told CNBC. The start-up — which operates in
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While border closures resulting from COVID have slowed Australian property sales to international buyers, experts predict that the luxury market may perk up in 2022 as travel restrictions relax and ex-pats return to the country.  As travel restrictions ease, the appetite for prime properties such as the units at the waterfront … [+] Bennelong Apartments
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Ultimate synergy is on display in the Arizona desert as Dale Chihuly marries his glass sculptures to nature and architecture at Phoenix’s Desert Botanical Garden and in Scottsdale at Frank Lloyd Wright’s Taliesin West. Open to the public now through June 19, 2022, Chihuly in The Desert showcases a remarkable confluence of American art and architecture set
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courtneyk | E+ | Getty Images Covid relief programs allowed millions of struggling Americans to pause mortgage payments, and many of those bailouts are now expiring, putting cash-strapped borrowers at risk. “The maximum forbearance term was 18 months for most programs,” said Michael Fratantoni, chief economist of the Mortgage Bankers Association. “And many borrowers are
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The much-anticipated Aston Martin Residences in Miami achieved another milestone this week with the topping out of the 391-unit building, bringing it one step closer to expected completion in 2022. Located in downtown Miami, it is the first residential project for Aston Martin, who was tapped by developer G&G Business Developments to create the design
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Hundreds of thousands of homeowners could soon lose or sell their homes as Covid-related mortgage bailout programs expire. The federal government, big banks and mortgage servicers started emergency programs when the pandemic hit early last year, shutting down vast swaths of the economy. The bailouts allowed millions of homeowners to miss payments, some for up
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courtneyk | E+ | Getty Images With soaring home values, many sellers expect a sizable profit when listing their property. However, capital gains taxes may put a damper on their windfall.  Home sales profits are considered capital gains, taxed at federal rates of 0%, 15% or 20% in 2021, depending on income. The IRS offers
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With or without the pandemic, the construction and building products industry has found ways to evolve. Companies are leveraging technology to differentiate themselves, which has the added benefit of creating more collaboration in an industry typically divided into silos. I spoke with experts from all facets of the supply chain who shared how technology has
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In this article AMZN CBRE PLD JLL FDX UPS XPO For every Cyber Monday purchase, there is a warehouse employee packing up those soon-to-be presents. The big online shopping holiday comes amid a warehouse shortage across the United States as distribution center vacancy rates are at all-time lows. Nearly 96% of existing industrial space is
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Down through the eons, the architecture profession has justifiably won numberless plaudits for breakthrough designs and head-turning skylines. But many within the industry believe too little emphasis has been placed on business growth. It wasn’t until October 1972 that U.S. architects were permitted to submit competitive bids and advertise. Architects in the UK were hamstrung
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Zephyr18 | iStock | Getty Images During the pandemic, rents across the country dropped – but they’re quickly bouncing back. That means many tenants, especially those who nabbed a place at a discounted rate in the last year or two, will be in store for an unpleasant surprise come lease renewal time. “Unfortunately, many renters
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Kaisa Group Holdings Ltd.’s City Plaza development under construction in Shanghai, China, on Tuesday, Nov. 16, 2021. Qilai Shen | Bloomberg | Getty Images BEIJING — Chinese real estate developer Kaisa announced Thursday plans for paying back investors, temporarily alleviating concerns about a default as China’s property sector continues to face pressure. Kaisa’s Hong Kong-listed