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Manhattan residential real estate sales hit record $7.3 billion in first quarter
Luxurious higher-rise flats are considered throughout Central Park South near Columbus Circle in the Manhattan borough of New York. Robert Nickelsberg | Getty Pictures Manhattan residential actual estate income topped $7 billion in the first quarter, marking the strongest-ever commence to a calendar year as the marketplace reveals no indicators of slowing, according to new profits info. There have been 3,585 profits in the 1st quarter, the highest amount at any time for a initial quarter, in accordance to a report from Miller Samuel and Douglas Elliman. Which is up 46{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} from the very first quarter of 2021. Total product sales quantity surged by 60{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} to in excess of $7.3…
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New Luxury Developments Hit The Market Near Portland, Oregon
Two new luxury developments are coming to a scarce Portland, Oregon, housing marketplace. LUXE As customers continue on to outweigh sellers in well-liked Oregon true estate marketplaces like Portland, inventory grows a lot more strained by the working day. According to facts from Redfin.com, the median times on the market in February 2022 was just eight times, with a median sale cost of $510,000. Of the practically 280,000 households in Portland, only 793 homes ended up for sale. Like other key metro areas, the luxury market place in Portland is wanting for builders to provide new goods and mood shortages. Two these types of developments are now in the will…
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For Two Straight Weeks, Manhattan Luxury Dealmaking Hit 2022 High
Manhattan’s luxurious true estate market has proven steady progress this month. There were being 41 contracts signed for residences inquiring $4 million or extra in Manhattan in the 7 days ending Sunday, the identical amount as the prior week, tying for highest weekly complete so much this 12 months, according to Monday’s report from Olshan Realty. The contracts bundled 25 condos, 11 co-ops and five townhouses. Even however the amount of contracts stayed the same from the former 7 days, the total gross sales quantity of the 7 days was $319.22 million, appreciably increased than the previous week’s $280.94 million. “It was the year’s most important 7 days in co-op…
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Moms 4 Housing property owner hit with $3.5 million settlement
The state has reached a $3.5 million settlement with corporate real estate investor Wedgewood, known for its stand-off with Oakland activists Moms 4 Housing. The agreement requires the southern California company to revamp its business practices, adhere to stringent state and local renter protections and submit regular compliance reports to the department of justice, Attorney General Rob Bonta announced Wednesday. About $2.75 million of the settlement will be paid to tenants unlawfully evicted by Wedgewood across the state. “As we battle this housing crisis of epic proportion, our housing laws, especially our tenant protections, have never been more vital,” Bonta said. “Unfortunately, even amid this crisis, there are some who pursue…
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Apartment rent and occupancy hit record highs in November
A “For Rent” sign posted in front of an apartment building on June 02, 2021 in San Francisco, California. Justin Sullivan | Getty Images Apartment rent growth and occupancy set new records in November, yet another sign that the nation’s housing market isn’t following seasonal patterns this year. Rent growth and occupancy usually cool heading into winter. Apartment occupancy hit a new high of 97.5{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} in November, according to RealPage, a real estate technology platform. The rate is up roughly 250 basis points from the long-term norm of about 95{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} going back over the past three decades. The annual increase in asking rents for new move-in leases hit 13.9{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} in…
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Alibaba, JD hit record $139 billion of sales
GUANGZHOU, China — Chinese e-commerce giants Alibaba and JD.com established new product sales data across their platforms on Singles Day, the most significant buying function in the environment. Shares of JD were up about 4.6{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} in afternoon trade in Hong Kong on Friday while Alibaba was down about 1.8{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}. The record revenue occur irrespective of problems about the power of the Chinese consumer and the impression of Beijing’s crackdown on technological innovation organizations. Even though Singles Day, also known as Double 11, utilized to just be a 24-hour flash sale sort of affair, it has transformed into a multi-working day extravaganza, ending at midnight on Nov. 11. JD commenced income…
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