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The markets where ultra-luxury buyers showed up in June
The cash equation The June figures arrive against a backdrop of accelerating all-cash activity at the top end. Nearly two-thirds, or 63% of Luxury Property Specialists surveyed by the Institute for Luxury Home Marketing reported an increase in all-cash purchases among their clients, up from 51% a year earlier. For brokers, that dynamic shapes the competitive…
Bonds Not Keen To Catch Falling Knives
Bonds Not Keen To Catch Falling Knives 2 Hours, 52 Min ago Bonds Not Keen To Catch Falling Knives Oil lurched higher again overnight which kept generalized pressure on the bond market and the Fed rate outlook. The nearness to long-term highs had traders feeling very reluctant to step in and “buy…
Mitchell-Lama Affordability Scrutinized by City Council
Speaker Menin and more than a dozen other members of the City Council want to get to the bottom of the Mitchell-Lama cost conundrum. A hearing on affordability across an aging tranche of subsidized housing drew pointed questions from Council members to Housing Preservation and Development Department officials overseeing a portion of the city’s Mitchell-Lama…
REPORT: Google Quadruples Miami Office After Founders’ Mansion Buys
Not long after billionaires Sergey Brin and Larry Page dropped a combined hundreds of millions of dollars on Miami real estate, the company they founded is growing its Magic City office presence. The office building at 1450 Brickell Ave. Alphabet Inc., the parent company of Google, expanded its 10K SF office lease at 1450 Brickell Ave….
Supermarket Income REIT acquires three supermarkets for £118m
Portfolio delivers inflation-linked income from investment-grade tenants. Your trusted source for commercial real estate intelligence, insights, and market analysis. Register for free to access two complimentary articles per month, or Subscribe to unlock unlimited CRE intelligence. Already have an account? Log in The post Supermarket Income REIT acquires three supermarkets for £118m appeared first on…
Hollywood Agency Takes 100K SF at Empire State Building
One of Hollywood’s biggest talent agencies is moving to glitzier office digs in the Big Apple. United Talent Agency announced a 101,000-square-foot lease at the Empire State Building, a space that will encompass the 32nd through 35th floors, the New York Post reported. The asking rent at the crown jewel of Empire State Realty Trust’s…