In this article 1060-HK Joe Tsai, co-founder and executive vice chairman, Alibaba Group. S3studio | Getty Images News | Getty Images Alibaba co-founder Joe Tsai is the mystery buyer behind a $157 million apartment deal in Manhattan’s most prestigious condo tower, according to people familiar with the deal. Tsai, who also owns the Brooklyn Nets
Real Estate
Pinterest, YouTube, and Instagram have been the go-to for interior design inspiration in recent years, but TikTok is beginning to rival these platforms. While many people associate TikTok with Generation Z dance trends, it is also a great place for interior designers, hobbyists, and experts to share their tips, how-to advice, shopping hauls, etc. I
Serena Williams of The United States celebrates a set point in her ladies singles first round match against Irina-Camelia Begu of Romania on day two of the 2021 French Open at Roland Garros on May 31, 2021 in Paris, France. Stephane Cardinale | Corbis Sport | Getty Images Serena Williams is investing an undisclosed amount
The clients suited the property perfectly. They had strong liquid assets, excellent jobs, and lovely reference letters. They seemed like a shoo-in for the board of the pleasant, undistinguished Carnegie Hill co-op in the East 90s. But the board rejected their package. In absolute bafflement, their agent tried to unearth the reason, since co-ops, as
Fannie Mae and Freddie Mac are dropping a fee on mortgage refinances that was instituted during the pandemic, lowering costs for borrowers, the Federal Housing Finance Agency said Friday. Fannie and Freddie were charging lenders a 50 basis-point fee for all loans that were delivered to the two mortgage giants. The fee, designed to cover
The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac will eliminate the hotly contested 0.5% refinance fee as of August 1 to help families reduce their housing costs. To allow households to save more money, lenders will no longer be required to pay the government-sponsored enterprises a 50-basis point fee
As home prices surge, a real estate start-up launched in October by two former Zillow executives sees opportunity. Cincinnati-based Pacaso purchases luxury single-family vacation homes and then sells them to groups of buyers through a fractional ownership model as part of an LLC, co-founder and CEO Austin Allison told CNBC on Friday. “Most second homes
The origins of this manor in Brittany, France, date back a millennium to a time when the property held a defensive fort. Henry II of England was eyeing the region then, hoping to annex it as a possession. The medieval structures were added in stages and remained largely untouched until renovation work was undertaken over
A worker waits to load his truck with debris from the rubble of the Champlain Towers South building, as removal and recovery work continues at the site of the partially collapsed condo building, Wednesday, July 14, 2021, in Surfside, Fla. Lynne Sladky | AP The number of confirmed deaths in the collapse of a condominium
Steeped in history and surrounded by 57 acres of woodlands lies a magnificent estate in New York known as Laurel Hill, one of Long Island’s rarest remaining Gold Coast estates. On the market for $18.5 million, the grand estate celebrating Tudor architecture is in the prestigious North Shore enclave of Mill Neck, New York. It’s
This story is part of CNBC Make It’s One-Minute Money Hacks series, which provides easy, straightforward tips and tricks to help you understand your finances and take control of your money. There’s been a lot of discussion about affordable housing recently, especially as home prices and rents hit record levels. Is your current home affordable?
Carlos Santana may live in Las Vegas most of the year, but he loves spending time in Hawaii. The Grammy awarded artist bought a four-bedroom, 4,000-square-foot vacation property on Hawaii’s Kauai Island for $8 million in 2020 and doubled down by buying another holiday home in Princeville for $20.5 million on July 1, according to
The revived New York City real estate market is seeing strong demand and attractive prices relative to recent history, a top broker told CNBC on Tuesday. “The story that I’m seeing across the board: All segments are transacting. New York is back, and people want to be here,” Christopher Kromer, a broker with Brown Harris
A decade ago, the Sunset Strip in the West Hollywood neighborhood of Los Angeles was known for its nightlife scene and being a hotspot for the paparazzi. But in recent years, it has undergone a transformation, becoming a true luxury enclave. Then, in June 2021, the opening of Pendry Residences West Hollywood by Montage Hotels
In this article RDFN A home stands for sale in a Brooklyn neighborhood with a limited supply of single family homes on March 31, 2021 in New York City. Spencer Platt | Getty Images For more than a year now, the housing market has been a perfect storm for sellers, but the winds may finally
Rancho El Paraiso is many things. It’s an in-town dwelling. The classic hacienda-style compound’s vibrantly red exterior wall fronts a main street in Atotonilco, a village near San Miguel de Allende, in the central Mexico state of Guanajuato. On weekends, the thoroughfare is lined with vendors selling gorditas and other Mexican food treats. It’s a
If you want a well-built home, try the personal residence of a builder. But if you want one that’s also extraordinary, look to a builder who is not afraid of expressing his personality and having some fun. A sink made from a smelting pot? Wine barrel ceilings? Light fixtures fashioned from beer growlers? Yes, yes
A member of Miami-Dade Fire Rescue hugs a victim’s relative at the “Surfside Wall of Hope & Memorial” near the site where a building collapsed in Surfside, Florida, north of Miami Beach on July 7, 2021. Chandan Khanna | AFP | Getty Images The number of confirmed deaths in the collapsed condominium building in Surfside,
One of the largest homes ever built under the auspices of esteemed architect Paul Williams has come to market after having only three owners in its 80-year history. Williams, the first African American to become a member of the American Institute of Architects as well as the first African American to be elected to their
A for sale sign sits outside a house in Miami Beach October 22, 2009. Carlos Barria | Reuters Mortgage demand fell for the second week in a row, as low inventory and high home prices continue to weigh on the housing market. Mortgage applications decreased 1.8% last week, according to the Mortgage Bankers Association’s seasonally
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