Investing in a building requires the investor to do a little digging and to pay attention to the details. Older buildings can be potential treasure troves, but people need to look over the property critically, as not all old buildings are worth the investment of time, energy or funds. To find out more about what to watch
Real Estate
“How much money can I earn?” is often the first question I get from people who are deciding whether to buy or turn their home into a rental property. I’d argue that this is the wrong question to ask. When you’re looking solely at how much money you’ll earn from a rental property, you’ll estimate
Rendering of Artist Residency 3 World Trade Center Courtesy Silver Art Projects Silver Art Projects The cost of studio space has become an extreme barrier to entry for emerging artists, especially in New York City. Studio spaces are shrinking and struggling artists are forced further away from galleries, museums, and dealers, into neighborhoods that are
Share to facebook Share to twitter Share to linkedin One of China’s richest real developers has lost $2 billion of his fortune in the past two days following word of his detention in Shanghai. Wang Zhenhua was removed as chairman of Future Land Development Holdings after he was held by a district public security bureau
Spelling Manor Front Jim Bartsch The former Spelling Manor, custom built for television producer Aaron Spelling and his wife Candy in the late 1980s, has just sold after three years on the market by its most recent owner, Petra Ecclestone, heir to the Bernie Ecclestone and part of the Formula One fortune. She purchased the
La Follia from above Douglas Elliman There has already been one sale topping $100 million in California this week and now there’s another one to report on the other side of the country. La Follia, a 37,500-square-foot building on Palm Beach’s Intracoastal Waterway just closed for a $105 million, according to property deeds cited by
Several years ago hotelier Vasco Borges was investigating undeveloped land in the Turks and Caicos. As he cleared a path of the dense landscape with a machete he suddenly arrived at the end of a cliff. Borges discovered a beautiful new locale on the North Shore of Providenciales that he hadn’t seen before. The spot
In the United States, Opportunity Zones (OZs) have provided developers with new possibilities. The race is now on to determine whether renewable energy developers can catch up to their real estate counterparts in utilizing this new tool. Opportunity Zones are defined as: “economically-distressed communities where new investments, under certain conditions, may be eligible for preferential
“What the Nationwide report continues to demonstrate is two opposing forces pushing against each other; cancelling each other out to a degree.” 123rf.com Nationwide’s latest UK house price index report for June 2019 – published today and available to read here – on the surface paints a picture of a market that’s to some degree
This shows the comparison of a Tankless (gas) verses a Tank water heater. Photo courtesy of Rinnai The average household uses 64 gallons of water each day. According to the U.S. Energy Information Administration, with water heating the second largest household consumer of energy. A good solution being adopted by many homeowners is a tankless