For decades, construction contracts and subcontracts—both in New York and elsewhere—seem to have attracted more than their share of payment disputes. Owners regularly run out of money. Contractors and subcontractors regularly screw up (and run out of money). Projects regularly go over budget—but rarely stay under budget—and regularly fail (often because they ran out of
Real Estate
In this article BX Follow your favorite stocksCREATE FREE ACCOUNT Investors nervous about Blackstone’s real estate investment trust should view it as a long-term vehicle that’s well positioned for the future, the firm’s president said Thursday. Blackstone has taken heat over the past week for limiting withdrawals from the $69 billion private REIT, the Blackstone
According to the Census Bureau’s City and Town Population Totals: 2020-2021, Seattle is now the 18th largest city in the United States, with a population of 733,919, as of July 1, 2021. It sits above Denver (population 711,463) and below San Francisco (population 815,201). Seattle has experienced stunning growth in a short period of time.
The national average credit score sits at an all-time high of 716, unchanged from a year ago, according to a report from FICO, developer of one of the scores most widely used by lenders. However, this marks the first time since the Great Recession that scores did not improve year over year, the report found.
When participants in real estate and other business transactions negotiate their contracts, they think about what might happen later and what legal consequences should arise from those events or circumstances. For example, a contract might prohibit a party from doing something. It might also say that if a party wants to do something, then the
The pressure to give the perfect gift this season is on. So, instead of a standard sweater or gift card why not give the friends and family on your list the gift of convenience like an appliance or kitchen gadget? These are often gifts that people won’t purchase for themselves but truly appreciate and likely
The German housing market has been remarkably strong in the last couple of decades, but it faces a serious price correction in the next couple of years, according to some analysts. Tim Graham / Contributor / Getty Images The German housing market has been remarkably strong for decades, but it faces a serious downturn in
Mortgage rates fell to a two-month low this week as bond investors bet inflation will continue easing and the Federal Reserve signaled it will slow its pace of rate hikes. The average U.S rate for a 30-year fixed mortgage dropped to 6.49% while the average rate for a 15-year fixed home loan fell to 5.76%,
Pantone has announced the color of the year for 2023, and it’s a doozy. The idea of color of the year has become a big thing for paint companies, manufacturers of wall coverings, wood stain specialists, fabric producers – any company where color is a selling point. But it is good to remember that Pantone,
Estate agents “Sold” and “For Sale” signs outside residential properties in the Maida Vale district of London, UK, on Thursday, June 30, 2022. Bloomberg | Bloomberg | Getty Images Demand for U.K. residential properties has nearly halved following September’s government budget that spooked financial markets and toppled the prime minister, research Monday showed. The fiscal
Set just south of its glitzy sister, Las Vegas, is Nevada’s second-largest city: Henderson. In some ways, it seems a world away. Exuding many small-town aspects, the city boasts farmers markets, 180 miles of trails, a pond-filled bird-viewing preserve and lion sanctuary. Over the years, this foil to Vegas has attracted the likes of actor
The 1992 film Unforgiven, directed by and starring Clint Eastwood, was one of the most critically acclaimed Westerns of the 1990s. The recipient of four Academy Awards (best picture, best director, best supporting actor and best editing), the film was selected for preservation in the Library of Congress National Film Registry. It was also a
Airbnb is partnering with several major landlords and management companies to list designated apartment buildings where renters are allowed to offer short-term sublets on the site. The company said Wednesday that a new page on its website will list so-called Airbnb-friendly buildings, which will give tenants the option to host their apartments just as homeowners
Past and present receive their due at this two-family townhouse in the New York City borough of Brooklyn. Set in Bedford-Stuyvesant, a neighborhood filled with turn-of-the-century brownstones, the renovated and updated residence exemplifies the historic architecture of the area. While the façade and original structure date to 1899, the footprint has been expanded out and
A For Sale sign appears in front of a house on Oak Street in Patchogue, New York, on May 17, 2022. Steve Pfost | Newsday | Getty Images Mortgage rates soared over 7% just a month ago, but since then they have fallen more than half a percentage point. Still, mortgage loan application volume decreased
Perched on a forested mountainside, this contemporary villa overlooks Lake Maggiore on the Swiss and Italian border. Along the shore below is the sophisticated resort town of Stresa, Italy, where luxury villas and art nouveau hotels line the water. The snow-capped Alps loom in the distance. Built in 2003 and completely renovated last year, the
Residential villas on the waterside of the Palm Jumeirah in Dubai on Feb. 24, 2022. Russians were always among the top 10 nationalities investing in Dubai property, according to Tahir Majithia, managing partner at Dubai-based Prime Capital real estate. Christopher Pike/Bloomberg via Getty Images Wealthy investors betting on luxury real estate would do best by
The dark woods, sumptuous furnishings and rarified air of private social clubs have long remained the exclusive preserve of the moneyed few. The clubs serve as a retreat from the public, a place where the well-heeled can relax among their own, ensconced safely behind walls separating them from the of banal existence of the workaday
Metro Atlanta is on a hot streak. More than 6 million people now live in the region, according to recent Census Bureau estimates. Experts say that’s about a 50% increase from 20 years ago. “It’s a huge increase in population,” said Dan Immergluck, a professor of urban studies at Georgia State University. “That has taxed
This New Mexico adobe house surrounded by national forest, pine trees and rock outcroppings takes in awe-inspiring mountain views during daylight. Once darkness settles, a field of city lights comes to life in the basin below. It’s a 24/7 feast for the eyes. Set in a gated Santa Fe neighborhood of large estates, the mansion’s
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