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Reno, Nevada, real estate: What you can get for $2.5M
Check out what’s clicking on FoxBusiness.com. Reno is known as “The Biggest Little City in the World,” and sits in the High Sierra foothills near Nevada’s border with California. Famed for its casino industry and tourism, Reno is also attractive to businesses and real estate buyers due to its favorable tax laws. A recently updated “Biggest Little City in the World” sign March 3, 2020, in Reno, Nevada. (George Rose/Getty Images / Getty Images) There is also an array of recreational activities both year-round and seasonally. With Lake Tahoe, the Truckee River and Pyramid Lake all in the area, there are plenty of water activities in the summer, while skiers…
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Mansion Global Daily: Holidays Don’t Hamper Historic Luxury Real Estate Run in Manhattan, Kemba Walker Finally Sells Boston-Area Mansion, and More
Despite a Holiday Slowdown, Deals for Manhattan Luxury Real Estate Were Three Times the 10-Year Average It was the strongest Thanksgiving week since at least 2006, according to Olshan Realty. Read More BY THE NUMBERS TRENDING TODAY LISTING OF THE DAY A Neoclassical Chateau on a Private Peninsula Highlights Seattle’s Booming Luxury Market The waterfront estate was home to three-term Bellevue, Washington, mayor. Read More THE INSIDERS The Pandemic Brought a Renewed Interest in True Craftsmanship, Says French Furniture Maker Martin Pietri, founder of Emblem Paris, talks about the appetite for classic Parisian designs, mixing heritage pieces with modern interiors and expanding to New York. Read More NEWS BITES Sydney…
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The Alexanders Are Now Selling Metaverse Real Estate
Now selling luxury real estate in the metaverse. Photo: Scott Roth/Invision/AP/Shutterstock Tal and Oren Alexander, the brothers who became famous for closing megadeals in their early 20s then moved onto the biggest deals ever in their early 30s — they represented Ken Griffin when he bought that record-setting $238 million penthouse at 220 Central Park South in 2019 — recently announced that they’ll be developing and selling luxury real estate in the metaverse. That is, in virtual reality. It’s all imaginary construction; it can’t be lived in but exists only to be bought and sold and conspicuously consumed. Which sounds about right. Like others in the moneyed Miami set, Oren…
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Metaverse real estate is now being sold for cryptocurrency
The metaverse is getting hotter. Not hot, like a delicious meal or a Finnish sauna. This mostly fictional, virtual world is getting hot like a real estate market. Because lately, it is one. If you have enough money and courage, you can now buy up digital tracts of land in the metaverse. Of course, there isn’t just one metaverse. Much like a website is part of the larger World Wide Web, there are countless companies, including Meta (née Facebook), building their own virtual realms where they hope people will soon gather as their digital avatars to play games, buy things, and interact with ads. The emerging real estate market for…
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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…
