Dianne Feinstein was one of the Senate’s richest members throughout her trailblazing career — thanks to her billionaire husband. While others in Congress struggled to make ends meet, sleeping in their offices to save on rent, Feinstein commuted from San Francisco aboard a Gulfstream G650 jet (pre-owned, the aircraft averages $61,815,000), sported expensive jewelry and flitted
Month: September 2023
China Evergrande Group’s logo is displayed on a phone screen in this illustration photo taken on September 27, 2021. Jakub Porzycki | Nurphoto | Getty Images A day after China Evergrande’s shares were suspended in Hong Kong, the beleaguered Chinese property firm revealed that its director and executive chairman is under scrutiny over suspected crimes.
A midcentury-modern home designed by the late architect John Black Lee is on the market for $2.6 million. Lee is often dubbed “the sixth of the Harvard Five,” a group of respected architects including Philip Johnson and Marcel Breuer. The four-bedroom, 4½-bath home at 296 Frogtown Road is in New Canaan, Conn., where Lee was
Skyscrapers in the Canary Wharf financial, business and shopping district in London, UK. Bloomberg | Bloomberg | Getty Images LONDON — London’s office market is in a “rental recession,” according to financial services company Jeffries, who reported that vacancies in the capital’s business hub had hit a 30-year high. Jeffries analysts estimated there had been
Shares of Evergrande have been suspended, Hong Kong’s exchange announced Thursday. The chairman of the embattled Chinese real estate developer has reportedly been placed under surveillance, according to Bloomberg News. Evergrande shares last closed at 32 Hong Kong cents on Wednesday. This is not the first time that Evergrande’s shares have been suspended. Trading was
Don’t be afraid to take whisks. Jess and Connor, a crafty couple from England, needed a new kitchen — but couldn’t stomach the sky-high quotes of more than $18,000 to renovate. So they did it themselves, saving thousands in the process. “I had always said that the kitchen would be the first ‘big job’ we
Banks are facing mounting uncertainty as the commercial real estate (CRE) sector continues to struggle. But, tailwinds in our financial names should help safeguard their bottom lines. Club names Wells Fargo (WFC) and Morgan Stanley (MS) have bright spots in their operations that can offset potential weakness from CRE exposure. We’re optimistic about green shoots
Ryan Ratliff (L), Real Estate Sales Associate with Re/Max Advance Realty, shows Ryan Paredes (R) and Ariadna Paredes a home for sale on April 20, 2023 in Cutler Bay, Florida. Joe Raedle | Getty Images News | Getty Images Mortgage interest rates just hit a level not seen since the year 2000. As a result,
Former US President and 2024 Presidential hopeful Donald Trump speaks at a Team Trump Iowa Commit to Caucus event at Jackson County Fairgrounds in Maquoketa, Iowa, on September 20, 2023. Scott Olson | Getty Images A judge on Tuesday ruled that former President Donald Trump and his company are liable for fraud by misstating the
While it’s not confirmed this historic abode includes undead residents, the likelihood is high. In Millbury, Massachusetts, this funeral parlor is up for sale and being advertised with refreshing realness. “Probably Haunted” reads the dryly honest lawn sign at 56 Main St. above the more typical “For Sale” and brokerage info markers. Media Realty agent
Sales of newly built homes fell 8.7% in August from July, to a seasonally adjusted annualized pace of 675,000 units, according to the U.S. Census Bureau. That is the slowest pace since March. Sales were still 5.8% higher than August 2022. The Census count is based on signed contracts during the month, and mortgage rates
China’s urbanization drive may be drawing to a close — and that could further hurt the already ailing property sector, according to China economist Hao Hong. “Fixing the property sector may be a multi-year or even a decade’s work in front of us. Reason being, we built way too many housing for Chinese people,” the
There are lots more employees in Big Apple offices than the most often-cited “barometer” of attendance would have you believe. The Partnership for New York City released a survey on Monday claiming that 58% of Manhattan office workers are at their desks on an average weekday. That’s up from 52% in late January 2023 and 49%
Courtneyk | E+ | Getty Images Americans are at risk of falling short of what they may need to live on financially in retirement. One potential reason is lifestyle creep, or the tendency to upgrade your lifestyle as you earn more. An upgrade people are often tempted to make – the purchase of a second
The Evergrande Group headquarters building in Shenzhen is pictured on January 11, 2022 in Shenzhen, Guangdong Province of China. Liang Xiashun | Visual China Group | Getty Images Hong Kong-listed shares of embattled Chinese real estate firm Evergrande tumbled as much as 25% on Monday, after the company said that it would delay a debt
George Clooney’s stunning Lake Como villa in northern Italy may have netted a buyer. “An agency in Milan is following the sale, I can’t reveal which one. Since we have a certain type of clientele, someone has already called us,” real estate agent Yasemin Baysal, owner of Engel & Volkers Lago di Como, told the Italian publication Oggi last
From actual royalty to Hollywood royalty. Prince Harry and Meghan Markle took center stage at the star-studded One805 Live! charity event in Santa Barbara on Friday. The couple — who have just returned from the Invictus Games in Germany — appeared in their element as they hobnobbed with fellow guests Oprah Winfrey and Ellen Degeneres
We are buying 50 shares of Stanley Black & Decker (SWK) at roughly $83.75 each. Following Friday’s trade, Jim Cramer’s Charitable Trust will own 625 shares of SWK, increasing its weighting in the portfolio to 1.87% from 1.72%. It’s been a painful stretch for stocks lately, and there’s a ton of doom and gloom out
These locals have had it with leaf-peeping pests. Residents of Pomfret, Vermont’s Cloudland Road have taken a stand against the annual fever pitch of fall foliage tourists by temporarily closing the most impacted road during the season’s peak. In recent years, the tiny town’s stunning autumnal display has become a social media sensation, and as
A “For Sale” sign is displayed in front of a home in Arlington, Virginia, on August 22, 2023. Andrew Caballero-Reynolds | AFP | Getty Images Sales of previously owned homes fell 0.7% in August from July to a seasonally adjusted, annualized rate of 4.04 million units, according to the National Association of Realtors. Sales were
Legendary rocker Steve Miller toured an extravagant Gilded Age mansion on the Upper West Side, decorated with gargoyles and cherubs on its landmarked facade, sources tell Gimme Shelter exclusively. The 37½-foot-wide mansion at 3 Riverside Drive is currently on the market for $12.99 million — an extreme slash from its original $40 million ask in
In this article RDFN Follow your favorite stocksCREATE FREE ACCOUNT Twenty/20 Girls and young women want to be homeowners by the time they’re 30 — a higher priority even than getting married or earning a lot of money. About half, 52%, of young women ages 7 to 21 want a house by 30, the most
A for sale sign in front of a home in Arlington, Virginia, on August 22, 2023. Andrew Caballero-Reynolds | AFP | Getty Images Mortgage rates rose again last week, and so did demand for refinances, which at face value doesn’t make a lot of sense. Applications to refinance a home loan jumped 13% last week
New York City is about to dazzle even brighter with the arrival of internationally acclaimed artist Bruce Munro and his spectacular public art installation, “Field of Light at Freedom Plaza.” Munro, renowned for his mesmerizing light-based artworks, is set to transform Manhattan’s East Side into a luminous wonderland, courtesy of the Soloviev Foundation. Get excited,
The Federal Reserve left its target federal funds rate unchanged Wednesday, but did not signal an end to its aggressive rate hike campaign. For households, that offers little relief from sky-high borrowing costs. Altogether, Fed officials have raised rates 11 times in a year and a half, pushing the key interest rate to a target range of 5.25%
To access this influencer-friendly rooftop eatery, foodies must brave a Brooklyn parking ramp and service lift. The pop-up Levantine restaurant Habibi has become a social media sensation for pairing an industrial-chic entry experience with fine dining. The reservation-only venue is located atop 154 Scott Ave., at Bushwick’s bleeding edge, where wholesale food packaging businesses still
This influencer-worthy Santa Monica abode is seeking a new owner. Swimwear company CEO and social media celebrity Natasha Oakley has put her Southern California condo on the market. The just under 2,000-square-foot two-bedroom, two-bathroom spread is listed with Ali Morisi of Sotheby’s International Realty for $1.9 million. “I’m selling my Santa Monica condo to spend
Artistgndphotography | E+ | Getty Images The Federal Reserve is likely to pause its aggressive interest rate hikes when it meets this week, experts predict. But consumers may not feel any relief. The central bank has already raised interest rates 11 times since last year — the fastest pace of tightening since the early 1980s. Yet recent
U.S. homebuilders are feeling pessimistic about their business for the first time in seven months, thanks to stubbornly high mortgage rates. Builder confidence in the single-family housing market fell 5 points in September to 45 on the National Association of Home Builders/Wells Fargo Housing Market Index. The decrease follows a 6-point drop in August. Anything
Actress Zoe Saldana has put her home of less than 10 years on the market. Located in the gated Beverly Hills neighborhood of Hidden Valley Estates, the property boasts its own tennis court and 6,400 square feet of living space. The movie star, 45, is best known for her parts in both of James Cameron’s
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