Signage is seen outside of The Trump Building in New York City, New York, U.S., June 28, 2021. Andrew Kelly | Reuters The Trump Organization has been told to expect that criminal charges will be filed by Manhattan prosecutors against the company belonging to former President Donald Trump as early as Thursday afternoon, NBC News
Real Estate
Casa Garita, a luxury residence set in the inland Mexico state of Guanajuato, holds more than a few surprises. The property is hidden behind a modest door on a street of historic homes in San Miguel de Allende’s lively Centro district. A step off the cobblestone and across the threshold reveals an elegant courtyard enveloped
Robotic arm taking a cardboard box in a warehouse onurdongel | E+ | Getty Images As retailers’ beef up e-commerce operations and invest in faster delivery for customers, the appetite for warehouse space is rocketing higher, according to a new report. This year, demand among mass merchandisers for logistics facilities to store inventory and pack
Built like The Rock—but with an accent forged on Staten Island—Marc Lore fills nearly every pixel of his Zoom screen as he unpacks a $10 billion moonshot: a “city of the future” that would one day house 5 million people in the Nevada desert. Or maybe in Texas, Arizona, or somewhere in Appalachia. We’ll see.
Guests attend a pool party in the penthouse apartment at the 50 United Nations Plaza building in New York. Michael Nagle | Bloomberg | Getty Images Manhattan real estate prices reached an all-time high in the second quarter, as buyers returned to the city and boosted demand for the largest, most expensive apartments, according to
NBA great Kevin Garnett has sold his unfinished mansion in Malibu for $16 million. At the center of the 7-acre ocean-view compound is an 11,000-square-foot home in the process of being built. A gated driveway circles the entire property and leads to a large motorcourt at the front of the house. Plans, permits and Coastal
A demonstrator at a June 30 Cancel Rent and Mortgages rally in Minneapolis. Brandon Bell | Getty Images The nation’s mortgage servicers are gearing up for the biggest wave of delinquent loans since the subprime mortgage crisis, but this time they say they are ready. The first wave of borrowers to enter the government’s coronavirus
The arrival of July 1 marks the end of one of the most remarkable quarters in New York real estate history. Every week since February has seen more than 30 contracts signed at $4 million and over, the most extraordinary run since before the 2008 recession. And it’s not just, or even primarily, these larger
A for sale sign is seen near a house for sale in South Pasadena, California. Frederic J. Brown | AFP | Getty Images The epic housing shortage that began before the pandemic and then was exacerbated by it may finally be starting to ease up. More supply is suddenly coming on the market, which will
Pro-style gas ranges have been the top choice of serious home chefs for decades, and for millions of other homeowners who learned how to cook over a flame, but that is slowly changing. Induction cooking is edging up on gas’ lead and is poised to overtake it in coming years. The major trends driving the
In this article AXP A real estate agent stands in the doorway as Giovani and Nicole Quiroz of Brooklyn, New York visit an open house in West Hempstead, New York on April 18, 2021. Raychel Brightman | Newsday LLC | Newsday | Getty Images American Express has two new fintech partners it’s sending customers to
ADVERTISEMENT When a property owner moves its business out of a building or loses a major tenant, the building may sit vacant for an extended time. Aside from enduring the pain of lost revenue and having to pay real estate taxes and other expenses to carry a building that doesn’t produce revenue, the owner also
Institutional investors rushing in to buy properties is not a main reason for the ultra-hot U.S. housing market, Coldwell Banker CEO Ryan Gorman told CNBC on Tuesday. In an interview on “The Exchange,” the real estate executive acknowledged the potential for institutional buyers to add further pressure on prices, as they look for potential hedges against inflation,
You know the saying: First comes love, then comes marriage, then comes a… mortgage? As much as we’d like to have it all—all at once—most young couples can’t afford both a big, splashy wedding and a down payment on a home. When forced to choose between the two, weddings used to win; But all that
British designer Thomas Heatherwick is designing Google’s new buildings in California and London. Getty In 2012, British designer Thomas Heatherwick found himself having dinner with Google co-founder Larry Page at the billionaire’s house in California. Page wanted to discuss the future of Google’s sprawling headquarters in Mountain View, as well as some of the company’s
Perhaps for the average person from Switzerland, the charms of small Alpine villages like Grimentz are found in daily life—but for those from the rest of the globe, the sun-blackened granaries, the rustic barns, and a hushed, ambling brook lined with centuries-old waterwheels will seem so timeless and unreal that it’s as if the setting
Many things have been in short supply during the coronavirus crisis, and that includes housing. When the country went into lockdown, Americans were on the move. The sudden shake up caused a spike in home prices. Even now, potential buyers continue to be shut out of the housing market as prices head higher and higher.
Horse ranches, expansive estates, premier vineyards, and boutique wineries define California’s Santa Ynez Valley. Located over the San Marcos Pass about 26 miles from downtown Santa Barbara, the rolling hillside landscapes of the region are dotted with vineyards, olive trees, Scrub oak, and early California-style architecture under impossibly blue skies. A population of around 23,000
Getty Images Amid the recent real estate bull market, one fact has been often overlooked: More than half of home ownership growth over the past decade has come from the Latino population. That trend is expected to continue. A study by the Urban Institute forecasts Latino buyers will comprise 70% of home ownership growth from
Los Angeles home prices aren’t the only thing hitting new heights these days. Even condominiums—long an afterthought of L.A.’s housing market—are now seeing prices soar upwards, matching the recent appetite for single-family homes. On the heels of Matthew Perry’s sale at the Century Tower, the Presidential Penthouse at The Wilshire, one of the most exclusive
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