MARKET NEWS
Big sale in Big Easy: Four Seasons penthouse sale breaks record
The Real Deal Los Angeles
The $13 million penthouse sale at the soon-to-open Four Seasons New Orleans Hotel and Private Residences is the priciest condo deal ever in the Big Easy. Shipbuilder Donald T. Bollinger bought the 4,000-square-foot penthouse on the 30th floor of the revamped tower in Downtown, according to the Wall Street Journal. Built in 1967, the 33-story building was designed by renowned architect Edward Durrell Stone, and opened as the city’s World Trade Center. Located on the ... The post Big sale ...
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Snapchat co-founder and supermodel wife snag $30M Paris manse
The Real Deal Los Angeles
A U.S. tech billionaire and his supermodel wife dropped $30 million on a French domicile. Snapchat CEO Evan Spiegel and Miranda Kerr’s new home sits in the heart of Paris, just near the Seine river, according to the New York Post. At over 10,000 square feet, the mansion has six bedrooms, five bathrooms, two dressing rooms, a library, music room, wine cellar and separate staff quarters. The property also comes with its own 10,000-square-foot private ... The post Snapchat co-founder and s ...
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Austin home market seen as hottest of 2021
The Real Deal Los Angeles
It could be a transformative year for Austin’s residential market. A recent survey from Zillow and data from Redfin suggest that home prices could increase beyond the national average and outpace prices in top-tier metros, according to Inman. Zillow’s quarterly survey on home price expectations found 84 percent of industry experts, economists, and investors believed that price increases in Austin would exceed the national average. That consensus was the strongest about any city, either posit ...
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Senior living operator promises vaccine with a lease
The Real Deal Los Angeles
 As the pandemic drives down occupancy at senior living properties, a Long Island assisted living community is promising vaccines to residents who sign a lease by Jan. 26. Atria Senior Living included the promise in marketing materials for its Atria Bay Shore property and also listed 60 vaccine clinics scheduled at its U.S. properties through February, according to Bloomberg. Atria has also discounted move-in fees and offered free months of rent at many of its ... The post Senior liv ...
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London home prices hit new high
The Real Deal Los Angeles
London home prices just keep getting higher. The average price of a home in the city rose nearly 10 percent between November 2019 and November 2020 to about 514,000 pounds, or just over $700,000, according to Bloomberg News. That figure is based on data from the British government. There are a number of elements affecting values, including a surge in demand following lockdowns in the spring and a tax cut on home sales that can ... The post London home prices hit new high appeared first on ...
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Carl Icahn pulls plug on auction to demolish Trump casino
The Real Deal Los Angeles
 Carl Icahn is known to blow things up, but not literally. https://www.vanityfair.com/news/2020/05/carl-icahn-is-exiting-herbalife-and-making-a-killing The activist investor is not interested in auctioning off the opportunity to demolish Atlantic City’s former Trump Plaza casino, which he owns. The billionaire’s company has instructed Bodnar’s Auction to cancel the auction, calling it a “spectacle” and a safety risk, according to Bloomberg. Icahn has agreed to raze the defunct and ...
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