Real Estate

A major activist investor is betting stalled return-to-office plans will stir up more trouble in commercial real estate. Land and Buildings’ Jonathan Litt has been shorting REITs with high office space exposure for three years, and he has no plans to shift gears. “If you have no rent growth and your vacancies are going up

Investors looking at development opportunities may face obstacles this year as speculation about a recession looms and interest rates rise. The market uncertainty and shifting demand could cause extensive delays or abandoned developments. Property developers, who are the parties that oversee the project, will need to make tough decisions ahead. If you’re thinking about investing

One of the boat ramps at Callville Bay Marina no longer reaches the water on April 16, 2023 in Lake Mead National Recreation Area, Nevada. Rj Sangosti | Medianews Group | The Denver Post via Getty Images The Biden administration on Monday announced that it’s reached an agreement with states reliant on the Colorado River

A lot of time is dedicated to providing advice to first-time homebuyers – as it should be. However, selling a house for the first time can also be a bewildering experience. These sellers are navigating what, for them, is unchartered waters, and missteps can keep their home on the market longer, or cause them to

Forbes Global Properties Juniper and pinon trees dot the open rolling terrain. Mountaintops stretch along the far horizon. Beyond them, the setting sun leaves pink and gold traces across the darkening sky. This contemporary adobe set on 1.2 acres in Santa Fe, New Mexico, makes the most of privacy, views and new construction convenience. Completed

In this article ABNB Follow your favorite stocksCREATE FREE ACCOUNT One of Airbnb’s most wish-listed properties in 2023 is on the market. The Joshua Tree, California-home is for sale at an asking price of $18 million, making it the most expensive home to ever hit the market in the town located about two hours southeast

The city of Vaughan, north of Toronto, Canada, is long on cultural and natural attractions. Known as the Woodland Residence, the modernist residence sits on a tree-surrounded lot in Vaughan. Barry Cohen Homes Canada’s Wonderland amusement park, the McMichael Canadian Art Collection, the quaint Kleinburg Village old town area, the 800-acre Kortright Centre for Conservation

In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT Starting next week, the first of 8,000 Amazon employees will begin moving into one of two brand new 22-story towers in Arlington, Virginia. Move-in is expected to be complete by the end of the summer. Amazon’s HQ2, formally called Metropolitan Park, has many features that

Natural disasters like hurricanes and snowstorms tend to temporarily halt housing market activity in affected areas. If the U.S. hits the debt ceiling, expect a similar effect on homebuying and selling activity, particularly in areas with a large number of people who are paid by the government. If the United States breaches the debt ceiling,

Prospective buyers attend an open house at a home for sale in Larchmont, New York, US, on Sunday, Jan. 22, 2023.  Tiffany Hagler-Geard | Bloomberg | Getty Images Sales of previously owned homes fell 3.4% in April from March to a seasonally adjusted, annualized pace of 4.28 million units, according to the National Association of

Grammy award-winning musician Billy Joel has called Oyster Bay, a hamlet on Long Island in New York, home since 2002. Now, the “Movin’ Out” crooner is saying goodbye to the property. The “Piano Man” singer recently listed the 26-acre property, known as Middlesea, for $49 million. First built in 1994, the property sits on 2,000

A ‘for sale’ sign hangs in front of a home on June 21, 2022 in Miami, Florida. Joe Raedle | Getty Images Higher mortgage rates and a severe shortage of homes for sale are taking their toll on mortgage demand. Mortgage applications to purchase a home dropped 4.8% last week, compared with the previous week,

A default on the nation’s debt, if Congress is unable to raise the federal debt ceiling in coming weeks, would boost mortgage rates by at least two percentage points and cause a slump in home sales as costlier financing puts real estate beyond the reach of more Americans, according to Jeff Tucker, a Zillow senior

Construction workers work on a home, as a subdivision of home is built in San Marcos, California, January 31, 2023. Mike Blake | Reuters Homebuilders are getting a big boost from the lack of existing homes for sale, and that appears to be outweighing some of the challenges they’re facing from financial markets. Builder confidence

After conducting series of deep-dives in housing markets such as in Seattle, Denver, and Phoenix, for example, a general trend seems to be emerging. Major housing markets, like the three mentioned, and for this study — Las Vegas — all experienced supercharged housing activity from 2021 until mid-2022 and has since been cooling off a

Beach homes are seen on September 30, 2020 in Southampton, New York. Kena Betancur | AFP | Getty Images An oversupply of summer rentals in the Hamptons is spurring price cuts of 20% or more, as affluent Wall Streeters and tech workers cut back on their summer spending. There are now about 5,700 seasonal rentals

Forbes Global Properties Only four owners have called Denholm mansion in the Sydney suburb of Woollahra home in its more than 100-year history. Among them was former Liberal Party heavyweight Sir John Atwill, who during his 50-year ownership received a variety of distinguished guests including the venerable Margaret Thatcher. Distinguished guests to visit the property

Just a few hundred people of Chinese heritage still live in Washington, D.C.’s Chinatown. Many have been pushed out to cheaper and safer areas. Noah Sheidlower | CNBC Penny and Jack Lee, now married, grew up in the 1960s and 1970s among the thousands of people of Chinese heritage who lived in apartments lining the

Forbes Global Properties In Malibu, California, sand is gold. Where homes are sited―whether sandcastle-close along Broad Beach Road or atop Point Dume cliffs―is all about the correlation to beaches glinting in a sunset’s glow. The main show is the Pacific Ocean and its sonic swells―that serene rhythmic roll homebuyers crave to hear 24/7 and will

In this article TWLO RIVN ABNB PACW Follow your favorite stocksCREATE FREE ACCOUNT People walk along Wall Street outside of the New York Stock Exchange (NYSE) on May 03, 2023 in New York City. Spencer Platt | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our new, international markets

Forbes Global Properties By the middle of the 1980s, television host and media mogul Merv Griffin was making retirement plans from his hit talk show, The Merv Griffin Show, which had been on the air for more than 20 years. The success of his production companies, Merv Griffin Enterprise and Merv Griffin Entertainment—responsible for creating