Investing
AT&T to Sell, Lease 9,700 Wireless Towers to Crown International for $4.8 Billion
Real Housewife of Beverly Hills Star, Marisa Zanuck Opening Real Estate Firm
ADM Considers Moving Headquarters to Chicago, Dallas or Atlanta
EDITOR'S PICKS
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Oppenheim Group To Offer Free Real Estate Assistance To Families Displaced By LA Wildfires: 'We Will Help You Find A Place'
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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
Just like overambitious parents fussing over what their baby would grow up to be, the world is speculating about the future of the famous Casa Casuarina. The mansion once belonged to late fashion mogul Gianni Versace, founder of couture brand 'Versace,' and was sold to VM South Beach LLC for $41.5 million in an auction held September. Empire State Building IPO Disappoints; Raises $929.5 Million at $13 per Share
The Empire State Realty Trust (ESRT) debuted on the New York Stock Exchange Wednesday, raising $929.5 million in its Initial Public Offering (IPO) pricing 71.5 million shares at $13 per unit, according to several news reports. The IPO under-performed, gaining only a modest 3 percent in early trading. Gong Aiai ‘House Sister’ Sentenced to 3 Years Prison for Real Estate Fraud in China
A rural bank deputy officer, Gong Aiai, nicknamed ‘House Sister’ was sentenced to three years of prison by a Jingbian County Court in Yulin City of Shaanxin Province in China, Sunday, September 29, for forging multiple identities to purchase properties in and around the province, according to several news reports. Mumbai’s Beach-Facing Residence Sells for Record $215,276 per Square Feet; Most Expensive Deal of India
In the latest blockbuster real estate news, a beach-facing duplex condo in the tony Darshan Apartments on Mount Pleasant Road, South Mumbai, sold for a record $9.08 million at $215,276 per square feet, according to several news sources. Empire State Building REIT Seeking up to $1.07 Billion in IPO; To Debut October 1
Empire State Realty Trust Inc, the real estate investment trust that snaked its way through various controversies is all set to launch October 1. It plans to launch an Initial Public Offering (IPO) of 71.5 million shares at $15 to $13 a share, seeking up to $1.07 in its debut offering, according to a regulatory filing Thursday. Westfield Selling 7 US Malls to Starwood Capital Group for $1.6 Billion
Westfield Group, the Australia-based property giant has reportedly entered into an agreement to sell stakes in seven of its malls in the U.S. to Starwood Capital Group for about $1.6 billion. Westfield is selling in order to consolidate its American portfolio and raise capital to focus on planned development projects. Malkins to Go Ahead with the Empire State Building IPO Plan; Reject All Bids
After a lot of controversy, debate and delay on the decision to roll the iconic Empire State Building into a public real estate investment trust (REIT), Malkin Holdings LLC, the company that manages the building announced Friday that they will be proceeding with the Initial Public Offering (IPO) plan. They have rejected all the bids that were offered to buy the portfolio, according to several news reports. The Real Estate Industry and the New York Mayoral Race
The real estate sector is one of the most important contributors of the economy. However, the sector’s influence is not limited to the economy. Looks like, the segment is influencing a lot of the economy runners as well. Updated Renderings of Amazon’s Proposed Seattle Headquarters Revealed (VIDEO)
Amazon, the retailing giant has tweaked plans of its proposed headquarters in Seattle City and updated its renderings. The new plan will be presented to the Seattle Department of Planning and Development (SDPD) this week, according to several news reports. Zillow to Acquire New York Based StreetEasy for $50 Million
Real estate website Zillow has reportedly entered into an agreement to purchase StreetEasy, another popular New York real estate listing site, for approximately $50 million cash the company announced in a press release Monday, August 19, 2013.
