Mall of America, Minneapolis, MN. Sanford Stein Triple Five Group, the owner of the Mall of America, has put up Minnesota’s signature retail destination as collateral in a high-stakes gamble on a big dream. Specifically, the American Dream, a new mega-attraction near the New Jersey Meadowlands sports complex. City officials in Bloomington MN, where the
Real Estate
London, England. East Belgravia is undergoing a development boom with £1.36bn of investment in luxury homes and hotels in the pipeline. (Photo by Oli Scarff/Getty Images) Getty Images Billionaire house owners, hoteliers and property developers are pumping an estimated £1.36bn into a neighborhood of London’s West End. The parcel of land between Upper Belgrave Street
Plastic palm trees and doo-wop styling create the character of the Starlux Hotel Morey Family Archives If you love graphic turquoise wallpaper, kidney-shaped coffee tables, lava lamps and plastic palm trees, then you must spend at least one night at the Starlux. Part of the Morey’s Piers complex, which is celebrating its 50thanniversary, the boutique
Investing in real estate is tremendously exciting, and can be very lucrative. Out of 2,153 world billionaires in 2018, 10% hail from the real estate industry. However, needless to say, real estate investing is not without risk. And even though the analysis of the property being purchased is important, deep understanding of the particular real
Nick Romito, VTS co-founder and CEO. VTS Nick Romito is redefining the term “unicorn.” Rather than the typical suit-and-tie sporting businessman, the CEO of the private commercial real estate startup VTS, now valued at more than $1 billion, is a former competitive surfer who still hits the waves in his spare time. The New Jersey-native
Harrods managing director Michael Ward says the UK’s business rates tax system is “broken”. (Photo by John Phillips/Getty Images for Harrods) Getty More than 50 among the UK’s largest retailers have asked the government to fix the “broken” business rates system. The retailers, including Harrods, Marks and Spencer, Sainsbury’s, Asda and Boots, have written
Refinances have doubled in the last week as mortgage rates hit a nearly three-year low. Getty Mortgage rates hit an almost three-year low last week, and it seems homeowners are finally taking full advantage. According to new data from the Mortgage Bankers Association, refinances have doubled since late July and are up 37% in just
What makes a consumer choose their real estate agent? In an industry largely driven by personal connections, the top two factors when selecting an agent, as identified by both the homebuyers and sellers we surveyed, are local expertise and, as expected, recommendations and referrals. And when differentiating between a good and an excellent agent a
Jessica Sherman, associate vice president of affordable housing at Douglaston Development. Douglaston Development Jessica Sherman, associate vice president of affordable housing with the real estate firm Douglaston Development, has made it her mission to improve the quality of life for low-income New Yorkers. Recently named a Crain’s New York “Rising Star,” Sherman has helped her
Construction site in Hong Kong Getty As we’ve seen in a previous article, the Construction Tech (ConTech) market is huge and filled with low-hanging fruit for the technologically savvy contractor or client to pick. Though there are seven areas in the construction value chain that could (and are starting to) benefit from the advent of