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EDITOR'S PICKS
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Developers Apologize After Accidentially Demolishing House Where AC/DC Got Together
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US Housing Affordability Unlikely To Improve Until Prices Fall 40%, Wages Increase 70%: Expert
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Meghan Markle And Prince Harry's Montecito Mansion Now Valued At $29M
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US Housing Supply Hit Four-Year High - But Only Because Homes Are Failing To Find Buyers
British businessman allegedly took £300 million, nearly $452 million, of investors' money without building the thousands of luxury homes that were promised, reported The Daily Mail. John Jacobsson New Executive Vice President at NY Real Estate firm Related Cos.
John Jacobsson is the new executive vice-president at The Related Companies L.P., the real estate firm based in New York City, reported The Wall Street Journal. Bank of America Sells Wake Forest University Charlotte Center For $72.5 Million to Alliance Partners
Bank of America Corp reportedly sold Wake Forest University Charlotte Center building to Alliance Partners, affiliate of the commercial real estate investment firm The Schidler Group, for $72.5 million, reported Charlotte Business Journal. New York's Real Estate Titans Among Forbes Richest In The World (Full List)
New York's real estate titans were listed on the Forbes list of billionaires, reported Commercial Observor.The list compiled 1,426 billionaires who have a combined net worth of $5.4 trillion. William Randolph Hearst's House For Rent, $600,000 a Month or For Sale For $115 Million
The former Beverly Hills estate of William Randolph Hearst is available for rent for any interested tenant for $600,000 a month, reported E! Japanese Real Estate Tycoon Arrested in Tokyo for Tax Evasion (VIDEO)
A Japanese real estate tycoon, Genshiro Kawamoto has been arrested for evading corporate tax payments worth more than $8.5 million on commercial buildings that he owns in Japan. The 81-year-old businessman was also accused of hiding revenue worth $31 million (2.9 billion yen) in his rental earnings for three years ending December 2011. Panasonic Selling Tokyo Office for $536 Million
Japanese electronics magnate, Panasonic Corporation is selling its office building in central Tokyo for around $536 million to the same two companies that recently purchased Sony Corporation’s “Sony City Osaki” building for $1.2 billion. Details of the deal have already been sketched out and the sale is expected to be complete by Tuesday, March 12. HSBC Selling Consumer Portfolios Worth $3.2 Billion
HSBC Financial Corporation is selling two of its major U.S. consumer portfolios comprising of mortgage and personal loans worth $3.2 billion, all in cash, in an effort to scale down its operations in the country.Its finance unit, HSBC Finance Corporation will be selling off more than 400,000 personal homeowner and unsecured loan portfolios to Springleaf Finance Corporation and Newcastle Investment Corp. Identities of the Rich Residing in One Hyde Park Luxury Apartments Revealed
One Hyde Park in London is famously known as the most expensive apartments in the world. The exclusive owners of these lavish spaces were finally revealed as none other than some oil baronesses and Middle Eastern sheikhs. Even supermodel Naoimi Campbell's boyfriend, real estate tycoon Vladislav Doronin is a resident, reported The Daily Mail. Marriott Teams Up with IKEA to Launch New Economy Hotel Chain In Europe
Marriott International is joining forces with IKEA's real estate division to jump-start a new economy-style hotel chain in Europe, reported Reuters
