The Norman Lykes House sits on the edge of the Phoenix Mountains Preserve. Heritage Auctions, HA.com Frank Lloyd Wright’s final residential masterpiece, the Norman Lykes House, sold for $1,677,500, at a public auction October 16 in Phoenix. Nicknamed the Circular Sun House, the iconic contemporary home was auctioned off by Heritage Auctions with no minimum
A woman enters the WeWork Cos. Iceberg co-working space in Tokyo, Japan. Keith Bedford | Bloomberg | Getty Images Last year WeWork boasted of becoming the biggest private tenant in Manhattan, London and Washington, D.C. Those feats have now become an albatross, and WeWork’s biggest investor, SoftBank, is scrambling to keep the co-working space provider
Share to facebook Share to twitter Share to linkedin Michael Jordan’s Utah retreat features panoramic views of the Glenwild Golf Course and Wasatch … [+] Mountains. Realtor.com Michael Jordan now has two luxury homes on the market. In addition to his Chicago-area home, which has been on the market for over seven years, Jordan recently
Carrie Lam, Hong Kong’s chief executive, speaks during a news conference in July 2019 in Hong Kong, China. Anthony Kwan | Getty Images News | Getty Images Hong Kong politician and businessman Bernard Chan said that the violence in Hong Kong “has to stop,” as the city prepares itself for another weekend of mass protests.
A mortgage denial deprives potential homeowners of one of the pillars of the American dream. Getty A new study that analyzes where and why mortgage shoppers get denied provides a revealing snapshot of the high rate of denials in Florida. Four cities in the Sunshine State — Miami, Orlando, Tampa and Jacksonville — took the
Real estate mogul Barry Sternlicht told CNBC on Friday that while WeWork has had its failures, there’s still a real business to be found at its core. “This company got a little off of the rails,” said Sternlicht, chairman and CEO of investment firm Starwood Capital, which has about $60 billion in assets under management.
150 Woodland Road Douglas Elliman The founder of sneaker giant Reebok has relisted his dream home in Massachusetts. Paul Fireman, together with his wife Phyllis, built their stately mansion at 150 Woodland Road (dubbed “Woodland Manor”) in 1999 on seven acres in the Boston suburb of Brookline, with the help of the international architecture firm
Brian Chesky, CEO and co-founder of Airbnb, speaks to the Economic Club of New York at a luncheon at the New York Stock Exchange (NYSE) in New York, U.S. March 13, 2017. Mike Segar | Reuters Airbnb, the room-sharing site that plans to go public next year, has more than $3 billion on its balance
BRAZIL – 2019/09/11: In this photo illustration the Massachusetts Institute of Technology MIT logo is seen displayed on a smartphone. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images The coming decade, between 2020 and 2030, is when America gets old. A just-announced joint venture’s primary purpose is to fuse
Contractors raise a wall while working on a new home under construction in Dublin, California. David Paul Morris | Bloomberg | Getty Images U.S. homebuilders are loving today’s lower mortgage rates, which are bringing buyers back and boosting sales. Builder confidence in the single-family market jumped three points in October to 71 on the National
Share to facebook Share to twitter Share to linkedin WeWork’s problems aren’t over yet. SOPA Images/LightRocket via Getty Images Topline: WeWork’s troubles look far from over, with massive layoffs, a fiasco with its phone booths and a tough choice between two financial bailout plans as the company scrambles to raise cash and save its business.
Potential home buyers walk past an ‘Open House’ sign displayed in the front yard of a property for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images Anyone out hunting for an affordable home today knows that the pickings are slim – and they are about to get slimmer. Housing inventory hit a
It’s a hard no on soft flooring. Photo by Binyamin Mellish from Pexels Whether you’re buying a new home or renovating your current one, if resale value is a concern, there’s absolutely one design mistake that turns off a large segment of potential buyers—wall-to-wall carpeting, especially throughout a home. According to Allison Chiaramonte, who is a
Salen Churi and Brian Tochman, founders of Trust Ventures Source: Trust Ventures A venture capital firm with close ties to billionaire industrialist Charles Koch is expected to reach $100 million in new funding to invest in startups focused on social change. Trust Ventures launched last year at Koch’s semiannual private retreat for donors to his
FOXBOROUGH, MASSACHUSETTS – OCTOBER 10: Tom Brady #12 of the New England Patriots hands the ball off to Sony Michel #26 against the New York Giants during the first quarter in the game at Gillette Stadium on October 10, 2019 in Foxborough, Getty Images Tom Brady, quarterback of the New England Patriots, is killing it
Michael and Xochi Birch listed their home at 2799 Broadway. Daniel Lunghi for Sotheby’s International Realty Computer programming moguls Michael and Xochi Birch are selling their Pacific Heights estate for $39 million. The listing threatens the title of most expensive home ever sold in San Francisco, which has been held by 2712 Broadway in the
Rendering of proposed Google headquarters Source: Google A new proposal shows Google is expanding the scope of its massive planned headquarters in San Jose, California. The company has formally applied for plans to build an 80-acre project that consists of up to 7.3 million square feet of office space, higher than the previous 6.5 million
Share to facebook Share to twitter Share to linkedin The shopping center is a statistic in a struggling industry. ASSOCIATED PRESS Topline: A Georgia shopping center, better known as Starcourt Mall from season three of Netflix’s Stranger Things, is up for sale after sitting mostly empty during an overall tough time for retailers. Gwinnett Place’s
Pedestrians pass in front of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images The Great Recession has officially been over for a decade. For many Americans, there’s little reason to celebrate. Many people’s finances haven’t recovered from the recession’s blows, according to a survey by personal finance website Bankrate.com. “There are
You’ll never find the USB. AllModern As aesthetics and technology begin to parallel each other in terms of importance, one of the biggest emerging trends is USB furniture. It’s practical, convenient and becoming more and more of a necessity every day. Even as battery technology for smartphones improves, keeping devices charged can feel like a
Real estate agent shows a home in Venice Calif. Anne Cusack | Los Angeles Times | Getty Images Cooler weather historically means a cooling off period in the housing market, but that is not the case this fall. After dropping to the lowest level in eight years, bidding wars are creeping back. In September, 11%
Money stack us dollar finance concept Getty The concept behind identifying stocks with lower than average price/earnings ratio is that the investor is receiving more in earnings for the price paid than with higher p/e issues. With the multiple of the S&P 500 now sitting at 21, it’s interesting to screen for what Benjamin Graham
A home mortgage sign on a Wells Fargo branch in Brooklyn, New York. Getty Images An unexpected decline in mortgage interest rates had homeowners calling their lenders last week, looking to save money on their monthly payments. Refinance demand surged, pushing total mortgage application volume up 5.2% last week compared with the previous week, according
Real estate in New York today cannot be, as it might have been in the past, the centerpiece of anyone’s get-rich-quick scheme. But it’s still a good long term investment both financially and emotionally, providing as it does a gateway to the most Photo by Jil Beckmann on Unsplash I believe in the value of
Fort Myers, Florida. Philippe TURPIN | Photononstop | Getty Images There’s no place like home. Unless, of course, you are retired. Lured by better weather, lower taxes or an improved quality of life, many older Americans consider relocating to stateS like Florida or the Carolinas. To that end, U.S. News & World Report determined the
2020 budget planning, a rite of October, now reaches a truth-or-dare moment as a critical path priority for housing’s big and small business players players. Real money’s at stake, tons of it. The fates and fortunes of firms hinge on superior skills at matching who they are, and how they invest, with what will come
A prospective home buyer tours a house for sale in Dunlap, Illinois. Daniel Acker | Bloomberg | Getty Images Lower mortgage rates are making buying a home slightly more affordable, but financial concerns are outweighing that benefit and lowering overall confidence in housing. Consumer sentiment in housing fell in September from its August high, according
Share to facebook Share to twitter Share to linkedin The front door where FBI agents entered, without knocking, to execute a warrant in 2017. Shoot and Showcase Paul Manafort’s former condominium in Alexandria, Virginia, is listed for sale at $3.2 million. For the full story, click here. The following pictures show the interior of the
Torn dollar with REIT (Real Estate Investment Trust) paper message Getty Here’s a quick quiz for you: an imperative multiple-choice, single-question test that you can refuse to take. Though it might be to your detriment. If it’s any consolation, there’s no immediate penalty for answering wrong. It’s only if you forget the correct answer later
A couple sits with a mortgage consultant in Miami. Getty Images There is growing support for the idea that artificial intelligence can help remove human bias from situations where institutional discrimination has persisted for decades. California recently passed a fair hiring resolution to encourage the development and use of algorithm-based technologies in job hiring decisions.