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Condominium Sales Dominate Canadian Luxury Real Estate
2022 First Quarter Highlights Rising inflation and favourable interest rates continue to strengthen demand for Canadian real estate as a hedge investment. Greater Toronto Area luxury residential sales over $4 million rose 30{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} year-over-year, as City of Toronto $4 million-plus transactions climbed 29{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}. Condominium sales gains dominated the $1 million-plus market, with annual gains of 120{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} and 72{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} in the GTA and City of Toronto respectively. Vancouver luxury residential sales were capped by the city’s significant inventory deficit, as residential sales over $4 million contracted 14{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} year-over-year overall. Annual percentage gains in $1 million-plus condominium sales surpassed other top-tier housing types at 29{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} with 559 units sold, just shy of…
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Two Years After Trump And Mar-A-Lago, Palm Beach Real Estate Is Still On Fire
Contrary to various public misconceptions, Mar-a-Lago—the exclusive Atlantic oceanfront resort that frequently served as former President Donald Trump’s “Winter White House”—didn’t make Palm Beach, Florida’s lavish real estate and lifestyle famous for the first time around. Former President Donald Trump’s beachfront Mar-a-Lago resort, also sometimes called his “Winter … [+] White House” in Palm Beach, Florida. Photo by Joe Raedle/Getty Images Getty Images The Sunshine State’s “Playground For The Wealthy” long has been uber-posh, dating back to the late 1880s when oil tycoon Henry Flagler first built The Breakers and The Royal Poinciana Hotel which eventually became the centerpieces of his luxury, southern hospitality empire catering to northern old money…
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Affiliates of Blackstone Real Estate to Acquire PS Business Parks, Inc. for $7.6 Billion
GLENDALE, Calif. and NEW YORK, April 25, 2022–(Business enterprise WIRE)–PS Small business Parks, Inc. (NYSE:PSB) (“PSB” or the “Organization”) and Blackstone (NYSE:BX) now announced that they have entered into a definitive settlement less than which affiliates of Blackstone True Estate (“Blackstone”) will get all exceptional shares of typical stock of PSB for $187.50 for every share in an all-funds transaction valued at somewhere around $7.6 billion, such as transaction bills. The invest in rate represents a premium of around 15{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} to the volume weighted regular share selling price about the past 60 days. Beneath the conditions of the arrangement, which has been unanimously permitted by PSB’s Board of Administrators, Blackstone…
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Tech startups look to blockchains to change the future of real estate
Nate Gipson received a see back in February that a single of his rental residences in Memphis, Tennessee, necessary a new ceiling enthusiast. As a landlord, he imagined the request was sensible adequate. But right before the work could go ahead, he experienced to hash it out with a team of other persons who, like him, had bought a stake in the residence through a cryptocurrency site named Lofty AI. And some of them necessary convincing. “There was a massive discussion of, ‘Is the home manager scamming us?’” Gipson stated. “They said, ‘I can go on Amazon and buy a single for $35.’” Like quite a few choices on Lofty…
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March sets record for Las Vegas luxury real estate
Las Vegas established an all-time record in March for luxury household product sales of $1 million and increased, led by an $11.4 million sale in Summerlin that has a secret buyer, which has a whole lot of persons speculating about their id. The March 28 obtain of the home with a $35,000 tub in the learn bed room was the No. 1 sale out of the 196 residences of $1 million and larger bought in March, in accordance to Forrest Barbee, corporate broker for Berkshire Hathaway HomeService California, Arizona and Nevada Qualities. The Hawk Ridge Drive home created in 2018 but not accomplished until 2021 was shown for $11.9 million…
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DeSantis campaign taps red-hot Florida real estate industry
The event was a new frontier for Popack, who did not return requests looking for comment. He has under no circumstances been a standard on Florida’s campaign finance circuit and is not a longtime political donor. Popack does, however, have 1 matter in widespread with a new breed of DeSantis donors: He’s portion of Florida’s crimson-sizzling true estate sector. Around the previous calendar year, DeSantis and his aligned political committee have lifted extra than $7 million from authentic estate developers, buyers and realtors, earning that industry 1 of the Republican governor’s largest donor groups as he prepares to operate for reelection — and it’s possible president. DeSantis’ reelection marketing campaign,…
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