-
Real Estate Billionaire Sam Zell Says Office Space Will Rebound Faster Than Retail
Topline Real estate billionaire Sam Zell predicted Tuesday that office space will recover much more quickly than retail properties from their current pandemic levels, as workers return to the office once Covid-19 becomes “less of a risk”— though he noted hybrid arrangements are likely to stay. Founder and chairman of Equity International and billionaire businessman Sam Zell visits “Maria … [+] Bartiromo’s Wall Street” at Fox Business Network Studios on July 17, 2019 in New York City. (Photo by Steven Ferdman/Getty Images) Getty Images Key Facts Zell, founder and chairman of private investment group Equity Group Investments, said in an
-
Companies are spending millions on virtual real estate in the Metaverse
While most of us still can’t afford to buy a house in the real world, investors are pouring millions of dollars into buying up virtual land in fake ones. CNBC reports that since Facebook made the move towards becoming Meta, prices of digital plots have gone up by as much as 500%. One company reported spending over $2.5 million USD on land in Decentraland, a metaverse based around crypto complete with its own currency where every piece of content in the game is owned, completely autonomously, by the players. Another firm revealed spending $4.3 million buying a plot of land
-
Inside Jeff Bezos’s Massive Real Estate Portfolio
The Amazon founder splurged on a trio of Manhattan apartments overlooking Madison Square Park in early 2019, paying a total of $80 million. The Wall Street Journal reported at the time that Bezos’s over-the-top purchase could be one of the most expensive real estate transactions in New York City for the year. (Ultimately, however, a $240 million Manhattan penthouse beat out Bezos’s jaw-dropping purchase.) The acquisition included a three-floor, 10,000-square-foot penthouse with a grand ballroom, a three-bedroom unit below that with high-end finishes, and an adjoining four-bedroom pad with oversized windows on three of its four sides. 2020 The Blue
-
Springfield, Illinois, real estate: What you can get for $1.4 million
National Association of Home Builders CEO Jerry Howard weighs in on the supply chain and labor shortages in the real estate market and how it impacts consumers. Springfield, Illinois, is known for being the hometown of 16th President Abraham Lincoln and the capital of the Land of Lincoln. The city’s many historical sites such as the Abraham Lincoln Presidential Library and Museum draw in tourists, along with kids’ attractions, outdoor venues, and a vibrant downtown. Abraham Lincoln presidential library and museum. Springfield, Illinois. (Holly Hildreth / Contributor / Getty Images) Another Springfield asset enjoyed by visitors and residents
-
Is This 11%-Yielding Real Estate Stock a Buy?
Net-lease real estate investment trusts (REITs) are generally built for steady growth and income, but what about Global Net Lease (NYSE:GNL) and its 11% dividend yield? In this Fool Live video clip, recorded on Dec. 9, Fool.com contributors Marc Rapport, Jason Hall, and Matt Frankel take a closer look at Global Net Lease and what investors should know before adding it to their portfolio. Marc Rapport: Right now, I’ve been thinking a lot about Global Net Lease, G-N-L. This is also a REIT — a real estate investment trust. They are small, they’re not one of the big ones.
-
Seattle’s real estate year: historic, record-breaking and disturbing
This year has been a record-breaking, historic, and occasionally quite worrying year for Seattle real estate. But what were the most striking trends of 2021, and what do they help us predict about 2022? As the year wraps up just as strangely as the one before it, real estate has again broken records all over the nation. The pandemic rages on, and in America, the concept of work from home has changed from a temporary measure to a permanent situation for many workers. This trend has changed where, how — and perhaps above all, why — people buy homes in
-
Should renters get first dibs in Bay Area real estate deals?
As the Bay Area grasps for new ways to quell its affordable housing shortage, several cities are considering controversial policies that would give some tenants a shot at buying their homes — a move that’s sharply dividing property owners and renters. To prevent big-pocketed investors from scooping up homes, raising rents and forcing tenants out, East Palo Alto, San Jose, Oakland and Berkeley are eyeing ordinances that would give renters, nonprofits or the city first dibs on some sales. Known as opportunity to purchase acts, the ordinances have been heralded by tenant rights advocates as a way to give renters
