She’s a “California Gurl,” but her “Teenage Dream” of landing this Montecito mansion is turning into a nightmare. Katy Perry, 38, and her fiancé Orlando Bloom, 46, have been entangled in a lawsuit for the past three years, with 83-year-old dying war veteran Carl Westcott, over a spacious mansion in Montecito, California they purchased for
Month: September 2023
Barstool Sports founder Dave Portnoy just snatched up a luxurious Nantucket compound for a staggering $42 million, a sum that has left even the island’s well-heeled residents in awe. This off-market deal has not only set a new record for Nantucket, but has also smashed records across Portnoy’s native Massachusetts, as property records proudly proclaim.
China Evergrande Group’s logo is displayed on a phone screen in this illustration photo taken on September 27, 2021. Jakub Porzycki | Nurphoto | Getty Images A day after China Evergrande’s shares were suspended in Hong Kong, the beleaguered Chinese property firm revealed that its director and executive chairman is under scrutiny over suspected crimes.
A midcentury-modern home designed by the late architect John Black Lee is on the market for $2.6 million. Lee is often dubbed “the sixth of the Harvard Five,” a group of respected architects including Philip Johnson and Marcel Breuer. The four-bedroom, 4½-bath home at 296 Frogtown Road is in New Canaan, Conn., where Lee was
Ryan Ratliff (L), Real Estate Sales Associate with Re/Max Advance Realty, shows Ryan Paredes (R) and Ariadna Paredes a home for sale on April 20, 2023 in Cutler Bay, Florida. Joe Raedle | Getty Images News | Getty Images Mortgage interest rates just hit a level not seen since the year 2000. As a result,
Banks are facing mounting uncertainty as the commercial real estate (CRE) sector continues to struggle. But, tailwinds in our financial names should help safeguard their bottom lines. Club names Wells Fargo (WFC) and Morgan Stanley (MS) have bright spots in their operations that can offset potential weakness from CRE exposure. We’re optimistic about green shoots
Shares of Evergrande have been suspended, Hong Kong’s exchange announced Thursday. The chairman of the embattled Chinese real estate developer has reportedly been placed under surveillance, according to Bloomberg News. Evergrande shares last closed at 32 Hong Kong cents on Wednesday. This is not the first time that Evergrande’s shares have been suspended. Trading was
Don’t be afraid to take whisks. Jess and Connor, a crafty couple from England, needed a new kitchen — but couldn’t stomach the sky-high quotes of more than $18,000 to renovate. So they did it themselves, saving thousands in the process. “I had always said that the kitchen would be the first ‘big job’ we
Skyscrapers in the Canary Wharf financial, business and shopping district in London, UK. Bloomberg | Bloomberg | Getty Images LONDON — London’s office market is in a “rental recession,” according to financial services company Jeffries, who reported that vacancies in the capital’s business hub had hit a 30-year high. Jeffries analysts estimated there had been
Former US President and 2024 Presidential hopeful Donald Trump speaks at a Team Trump Iowa Commit to Caucus event at Jackson County Fairgrounds in Maquoketa, Iowa, on September 20, 2023. Scott Olson | Getty Images A judge on Tuesday ruled that former President Donald Trump and his company are liable for fraud by misstating the
While it’s not confirmed this historic abode includes undead residents, the likelihood is high. In Millbury, Massachusetts, this funeral parlor is up for sale and being advertised with refreshing realness. “Probably Haunted” reads the dryly honest lawn sign at 56 Main St. above the more typical “For Sale” and brokerage info markers. Media Realty agent
Sales of newly built homes fell 8.7% in August from July, to a seasonally adjusted annualized pace of 675,000 units, according to the U.S. Census Bureau. That is the slowest pace since March. Sales were still 5.8% higher than August 2022. The Census count is based on signed contracts during the month, and mortgage rates
China’s urbanization drive may be drawing to a close — and that could further hurt the already ailing property sector, according to China economist Hao Hong. “Fixing the property sector may be a multi-year or even a decade’s work in front of us. Reason being, we built way too many housing for Chinese people,” the
Courtneyk | E+ | Getty Images Americans are at risk of falling short of what they may need to live on financially in retirement. One potential reason is lifestyle creep, or the tendency to upgrade your lifestyle as you earn more. An upgrade people are often tempted to make – the purchase of a second
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