• Swimming Pool Design

    6 of Hawaii’s Most Luxurious Property Developments

    Are you ready to say aloha to a lifestyle that includes a property in Hawaii? For a growing number of luxury homebuyers, owning a residence in the Pacific Ocean state is the way to go. “High-end properties in Hawaii have been in incredibly high demand ever since the pandemic started,” says Matt Beall, the CEO and principal broker of the luxury real estate company Hawai’i Life. “It’s a destination with open spaces, access to nature, and plenty of fresh air, which is everything people want today and why properties are selling so quickly.” According to data from Hawai’i Life,  

    Comments Off on 6 of Hawaii’s Most Luxurious Property Developments
  • Real Estate

    How Adam Neumann’s Property Cuts His Taxes

    Former WeWork CEO Adam Neumann (Getty Images, iStock, Yard 8 Miami, Stacks on Main, Trulia, Power Design Inc., Inkwell Decatur, Wikipedia, Illustration by Kevin Cifuentes for The Real Deal) When Adam Neumann was ousted from WeWork, he reportedly received nearly $200 million, plus company stock worth hundreds of millions more. But with great purses comes great liability — tax liability, that is. Reducing it was surely a priority for the exiled co-founder, and the real estate he bought with his windfall figures to do just that. Neumann’s purchase of a majority stake in a $1 billion-plus luxury rental portfolio can  

    Comments Off on How Adam Neumann’s Property Cuts His Taxes
  • Real Estate

    China’s property problems spread to once-healthy developers like Shimao

    InterContinental Shanghai Wonderland, a luxury hotel developed by Shimao and managed by IHG, opened in 2018 and is pictured here on Oct. 11, 2020. Costfoto | Future Publishing | Getty Images BEIJING — One of China’s healthiest real estate developers has reportedly defaulted, a sign of how more pain is ahead for the heavily indebted industry. Shimao Group shares briefly plunged more than 17% Friday after Reuters reported the property developer failed to make full repayment on a trust loan. A subsidiary of the company subsequently said in a filing it was in talks to resolve the payment. Shares closed  

    Comments Off on China’s property problems spread to once-healthy developers like Shimao
  • Real Estate

    Trading of Chinese property developer Kaisa shares halted in Hong Kong

    Trading in shares of Chinese real estate developer Kaisa was halted Wednesday for the second time in two months, as troubles in China’s property sector resurfaced this week. The developer had been snowed under by debt issues, as it struggled to make repayments recently.  It looked unlikely that it met its $400 million offshore debt deadline on Tuesday, according to Reuters. Kaisa halted trading in early November for nearly three weeks, following news that it had missed a payment on a wealth management product. There was no immediate reason given for the latest trading halt. Kaisa had said in late  

    Comments Off on Trading of Chinese property developer Kaisa shares halted in Hong Kong
  • Home Improvement

    Suburban Family Still In Shock After They Hired Home Improvement Contractor Via HomeAdvisor, Only For The Contractor To Smash Up Their Property

    FOREST PARK, Ill. (CBS) — A suburban backyard was left in tatters with the garage and furniture hacked apart – and you won’t believe who was responsible. As CBS 2’s Tim McNicholas reported, Jonathan Moody does not need video to remind him of May 15 – but there is video of what happened. READ MORE: City Council Latino Caucus Moves To Put Proposed Ward Map On 2022 Ballot For Voter Referendum “What are you doing?” his wife is heard yelling in horror as a man smashes the windows and siding on their garage – with their patio furniture already lying  

    Comments Off on Suburban Family Still In Shock After They Hired Home Improvement Contractor Via HomeAdvisor, Only For The Contractor To Smash Up Their Property
  • Real Estate

    Expect more defaults from Chinese property developers: Loomis Sayles

    Investors could expect more Chinese property developers to default on bond payments, but troubles in the real estate sector have not spilled over to other industries, an analyst said Tuesday. Financial distress among Chinese real estate firms came to forefront in the last few months as Evergrande and other developers struggled to repay their debt. Evergrande appeared to have averted a default after reportedly remitting funds for an interest payment last week. “Most likely we are going to see more defaults … of these developers,” Bo Zhuang, senior analyst at investment firm Loomis Sayles, told CNBC’s “Street Signs Asia.”  Read  

    Comments Off on Expect more defaults from Chinese property developers: Loomis Sayles
  • Home Improvement

    Des Moines’ home improvement proposal raises property rights concerns

    Homeowners in Des Moines could be required to make property improvements under a proposed city program that aims to make the community a more desirable place to live. Get market news worthy of your time with Axios Markets. Subscribe for free. Why it matters: We all know examples of terribly maintained properties that reflect badly on our neighborhoods. City leaders are presenting the program as a way to fix the most egregious of those situations. Background: Like many older cities, some of Des Moines’ neighborhoods have struggled to keep up with regional housing markets and that’s often attributed to urban  

    Comments Off on Des Moines’ home improvement proposal raises property rights concerns