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Mega-mansions suffer massive price cuts at real estate auctions
An aerial view of the grounds of Villa Firenze in Beverly Hills, California. Concierge Auctions When high-priced mega mansions for sale languish on the market — sprawling, flashy and unable to attract a buyer — some owners turn to a double-edged option: a real estate auction. The auction block can move trophy properties with nosebleed-worthy price tags quickly, after years of idling. But it comes with a harsh reality. An auction can act as a metaphorical real-estate guillotine, slicing inflated asking prices in half or worse, according to a CNBC review of recent sales. The three highest-priced homes ever to sell at auction each came up for sale in the…
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Brad Pitt has a massive real estate portfolio, are any in Missouri?
ST. LOUIS – Missouri native Brad Pitt has landed on a list of 10 actors with massive real estate portfolios. He and ex-Angelina Jolie have owned homes in several cities across the globe but does he have any in the Show-Me-State? Stacker.com reports that some actors have prime real estate across the world but for some actors, real estate is about more than an enviable estate or mega-mansion, it is an investment that marries their love for home and their entrepreneurial spirit. These actors have taken their passion for prime properties and turned it into a serious side hustle. UpNest.com put together a list using various news, entertainment, and real…