Real Estate

America should finish a job it started more than four decades ago: rebuild China. Help Beijing open up its economy to the rest of the world and bring prosperity to its people, that is. There was time China was a closed economy, experimenting with different socialist roads to prosperity. That was back in the 1950s,
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Claude MonetNymphéas (1908)oil on canvas36¼ inches by 35 inches Sotheby’s London A month after Claude Monet’s Meules sold for a staggering $110.7 million at Sotheby’s New York, a treasured and pristine Nymphéas that’s been in a private family collection for nearly nine decades is expected to fetch up to $44.6 million when it goes on
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Real estate investment trust REIT on an office desk. Getty From Tuesday through Thursday, I attended REITweek in New York City, which is always a great experience. There’s so much to do there. So many well-placed people to meet. So much information to gather. So many seminars to attend (like the MoneyShow next week in
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Antique USA map close-up detail: Los Angeles, California Getty Long before the last Los Angeles real estate bubble when real, inflation-adjusted house prices nearly tripled from 1997 to 2006 but then fell nearly in half by 2011… And long before the S&L bubble when real Los Angeles house prices fell over 40% from the peak
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Ken SalazThe Eternal Now, Saint Mary’s LakeOil on canvas 30 inches by 40 inches Rehs Contemporary The setting sun’s multi-faceted reflection on the water draws the viewer into the sweeping landscape of The Eternal Now, Saint Mary’s Lake, as if s/he were wandering toward the mountains, peering into the sky, and soaking in an awe-inspiring moment in
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The White House has invited some of President Donald Trump’s key allies in the business world to an event later this month in Bahrain intended to kick-start the administration’s long-awaited Middle East peace plan. The meeting is part of Trump’s effort to strike the “deal of the century” for Israeli-Palestinian peace. The Bahrain gathering will
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“The open hand is blessed, for it gives in abundance, even as it receives.” Biddy Mason, Former Slave and Pioneering Entrepreneur At her death in 1891, Biddy Mason’s wealth was approximately $300,000 or about $7,000,000 in today’s dollars. More impressively, the land she owned in downtown Los Angeles is now worth hundreds of millions. Incredibly,
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Share to facebook Share to twitter Share to linkedin The $58 million penthouse, one of three unit reportedly purchased by Bezos. VISUALHOUSE Amazon founder and billionaire Jeff Bezos has reportedly purchased three separate condos in New York’s XI building for a combined $80 million, according to reports from the Wall Street Journal. The three units
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A cold storage warehouse in Jessup, MD. Diana Olick | CNBC The growth of e-commerce has increased demand for warehouse space exponentially, but one subset of that real estate sector is really heating up: Cold storage warehouses and distribution centers are suddenly in high demand thanks to new food delivery services like Peapod by Giant,
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Attainable housing aims to make homes affordable at lower income levels. Adobe Stock As home prices rise across the country, middle-class Americans and first-time home buyers often struggle to find housing within their budgets. And many would-be buyers are simply not eligible for subsidized affordable housing. A new report, Attainable Housing: Challenges, Perceptions and Solutions, by
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Home shoppers signed 1.5% fewer contracts to buy existing homes in April compared with March, according to the National Association of Realtors’ Pending Home Sales Index. Sales were 2% lower compared with April 2018, the 16th straight month of annual declines. Pending sales are an indicator of future closings and are therefore the most timely
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This New England Farmhouse, in Concord, MA, has the beautiful traditional lines of a farmhouse but all the modern technology and materials available today. The standing seam roof adds a striking look to this stately house. Photo courtesy of Eric Roth for Prefabulous + Almost Off the Grid, published by Abrams Years ago standing seam
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The Surf Club is a 1929-built landmark in Surfside. Courtesy of Kobi Karp Architect Kobi Karp doesn’t merely build structures—he builds bridges. Not water-traversing spans but metaphorical bridges that link people, cultures, neighborhoods and communities. And from where he stands, the views are spectacular. Miami architect Kobi Karp Courtesy of Kobi Karp Karp’s method: he
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