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The ultra-rich are still buying $50-million homes (in case you were wondering)

May 6, 2020

The Malibu beach house of billionaire philanthropist Eli Broad recently listed for $75 million. (Berlyn Photography ) Source: JACK FLEMMING, LA Times Ira Meltzer is the busiest he’s been in 35 years. As the managing director of residential financing firm One Million Dollar Plus, he specializes in securing massive home loans for celebrities. Over the next month, he’s set to close more than $90 million in financing. Apparently, the ultra-...

Filed under: Headlines by Alec Reimon

Ten Thousand Rentals Residences Updated News

May 5, 2020

Given the uncertainty of the market, buying a home for some may be on hold. But leasing in the nation's most prestigious location is not. Our top priority is the safety of our community. Below you will find a summary of actions we have taken based on the latest public health recommendations. We also adjusted access to our amenities to support the efforts of our government officials and health experts in flattening the curve. Recently we...

Filed under: Headlines by Alec Reimon

For Investors Seeking Stability, Land Maintains Its Classic Appeal

May 4, 2020

Increased buyer interest, lower taxes and carrying costs, and ease of shopping from a social distance Source: Virginia K. Smith, Mansion Global One of the most compelling arguments for a land investment right now: after the pandemic, demand may be set to skyrocket.GETTY IMAGES In the ongoing fallout from the coronavirus pandemic, the real estate market has been altered almost as dramatically as the stock market. Sales and showings in man...

Filed under: Headlines by Alec Reimon

Survivalist Real Estate: What Wealthy Buyers Look for in Times of Crisis

May 1, 2020

Luxury bunkers, isolated compounds, and other high-end features for doomsday scenarios Source: Alanna Schubach, Mansion Global Known as Case No. 2, this 10,000-square-foot house in Southern California has panoramic views and a 132-foot infinity pool. It's part of a very secure compound. Courtesy of Scott Gillen/UnvarnishedCo. The coronavirus crisis is changing daily life around the globe in dramatic ways—and homeowners and buyers are thi...

Filed under: Headlines by Alec Reimon

As Coronavirus Cases Grew, Some Wealthy Buyers Still Bought Multi-Million Dollar Homes

April 30, 2020

Some buyers pushed ahead with deals, while others looked to pull out or renegotiate amid the pandemic and stock market plunge Source: Katherine Clarke | Mansion Global | Wall Street Journal The Miami building was designed by the late architect Zaha Hadid.PHOTO: ALENA GRAFF On March 16, as New York state’s coronavirus response kicked into high gear, Angelo Acquista and his wife Svetlana Acquista closed on a $19.5 million penthouse atop 2...

Filed under: Headlines by Alec Reimon

House sales in Spain’s Andalucia increased by 8% in February, compared to the same month last year

April 29, 2020

Source: Another Way of Life Source: Dimitris Kouimtsidis, The Olive Press That’s the third highest rise in Spain, behind Aragon which was at 12.7% and the Balearic Islands which was at 8.2%. In Spain as a whole however, the increase was only 0.1%. According to data published last week by the Instituto Nacional de Estadisticas (INE), in February, 8,882 home sales were recorded in Spain’s southernmost region. That put Andalucia se...

Filed under: Headlines by Alec Reimon

Let the Sunshine In

April 28, 2020

Sunlight is not a cure for coronavirus, but it does have other benefits for mind and body. Credit...Juan Arredondo for The New York Times Source: Richard Schiffman, New York Times Deciding whether to head outdoors or to stay at home has never before felt so fraught, as many of us continue the weigh the benefits of getting some fresh air versus the risks of getting sick. For many, however, the enticements of a spring day are too powerful to ...

Filed under: Headlines by Alec Reimon

Property is a safe house for investors in the time of Spain’s Coronavirus crisis, writes agent Adam Neale

April 28, 2020

Unlike shares and bonds, a property exists in the real world Source: Adam Neale (Columnist), The Olive Press As financial analysts and market experts debate what shape the post-coronavirus economic recovery may follow, drawing on letters like V, U and W to trace possible trajectories over the coming months and years, there’s one letter pundits are missing from their alphabets: P for property. Stocks, unit trusts and long-term bonds ...

Filed under: Headlines by Alec Reimon

Reel Life | 5 Ways to Bring the Theater Experience Home

April 27, 2020

Source: Erik Weinbrecht, Sotheby's Extraordinary Living Blog By now, many of us have been home and sheltering in place for over a month. We have gone through many different phases while adapting to a “new normal” and we might be feeling seemingly more adjusted to our current reality. We’ve discussed finding creative ways to stay fit and ways to broaden our personal skillsets, and now we want to shift gears and offer suggestions for ...

Filed under: Headlines by Alec Reimon

How to improve your home during lockdown

April 24, 2020

Touch up skirting boards, rearrange furniture and rehang pictures for the best effect Source: Caroline Thorpe, Financial Times Rethink your space Lockdown is frustrating for those itching to use the time to renovate their home but unable to get to a DIY store. All is not lost, suggests Jane Frederick, president of the American Institute of Architects. “It is almost impossible to start home improvement projects without any suppl...

Filed under: Headlines by Alec Reimon

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