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Sarasota’s Luxury Real Estate Market Is Booming
It might be a chapter from the book of the obvious: Sarasota, with its luxury cars and mansions, has for years been known for its affluence. This year, however, that affluence has exploded and with it the demand for luxury housing. The annual “A Look at Wealth 2021: Real Estate’s New Power Players” report, recently published by international real estate company Coldwell Banker, points to new standouts in the market and significant growth in real estate wealth from 2019 to 2021. Led largely by baby boomers, (ages 57 to 75), Sarasota was called out as one of its top three “Power Player” markets. Due in part to the pandemic, affluent boomers…
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Investors Snap Up Metaverse Real Estate in a Virtual Land Boom
Justin Bieber performed at a live concert this month, but the show wasn’t in a stadium or an arena. Like recent performances from Ariana Grande, the Weeknd and Travis Scott, this concert was held in the metaverse, the online world that stretches the corners of the internet into immersive, four-dimensional experiences. Fans from all over the globe watched Mr. Bieber’s avatar sing songs from his hit album “Justice.” Investors were watching, too. Preparing for a digital land boom that appears just months away, they are snapping up concert venues, shopping malls and other properties in the metaverse. Interest in this digital universe skyrocketed last month when Mark Zuckerberg announced that…
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Four tips for investing in real estate from four leading global luxury
U.S. wealth is on the rise: the population of individuals with a net worth of more than $5 million grew by 17{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} from 2019–21, according to Coldwell Banker Global Luxury’s “A Look at Wealth” report. At the same time, wealth allocated to real estate surged to $3.6 trillion in 2021. With so many turning to real estate to diversify their investment portfolio, how does one cash in? Thousands of Coldwell Banker Global Luxury specialists around the world are trusted advisors to clients looking to boost their real estate portfolio. I recently connected with four of them to find out their secrets. Jill Eber and Nathan Zeder are part of the…
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Luxury real estate booming on Upper East Side in NYC
The once sedate Upper East Side is suddenly sizzling as luxe home sales are surging after being cratered by the pandemic. More contracts for homes priced at $4 million and up were signed on the Upper East Side than in any other Manhattan neighborhood during the first week of November, according to a report compiled by Donna Olshan of Olshan Realty. Among the eye-popping deals were two penthouse units combined into one with an asking price of $66.5 million. The apartments are in The Bellemont, a condo building at 1165 Madison Ave. designed by famed architect Robert A.M. Stern. An undisclosed buyer snatched up what will become the 13,011-square-foot home…
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Luxury Real Estate Agent Daniel Tzinker Joins The Agency South Florida
“I am thrilled to join The Agency family and harness the unique resources and unparalleled marketing tools of this truly global brand,” said Tzinker. LOS ANGELES (PRWEB) November 29, 2021 Global real estate brokerage, The Agency is pleased to announce that seasoned luxury real estate agent, Daniel Tzinker has joined the brokerage’s South Florida office. With more than a decade of industry experience, Tzinker is one of the most accomplished real estate brokers in Miami, achieving a quarter billion in combined sales throughout his career including record-breaking transactions at iconic residential properties including the W South Beach, Indian Creek’s “Billionaire’s Bunker,” Faena, The Miami Beach EDITION, Icon South Beach,…
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Is Your Home Improvement Contract Legal? – Real Estate and Construction
In an effort to protect homeowners, California has set out extensive requirements for the form and content of home improvement contracts. California Business and Professions Code Section 7159 sets out these requirements in painstaking, and sometimes pain-inducing, levels of detail. The unfortunate result for contractors tends to be confusion and avoidance. Many contractors operate with noncompliant contracts, or have no formal contract and simply operate on the basis of a bid submission. The consequences of doing so can include disciplinary action by the Contractors State License Board (CSLB), fines, and an unenforceable agreement. It is worth the time and effort for a contractor to bring his or her contracts into…
