Luxury’s Latest Battleground: Real Estate lolita, 27/03/2025 Luxury brands are locked in a retail arms race that favors players with the scale to keep up with ever-escalating costs and capital expenditure requirements. In recent years, flagship stores have grown larger as well as more lavish, not to mention the new generation of VIP facilities. The toolbox of store animation activities has grown to encompass restaurants, bars, temporary exhibitions and other cultural events, as well as more frequent merchandise drops. Efforts to generate foot traffic have reached new heights, too. Now, top luxury groups are opening a new front in the competition: buying real estate to secure landmark locations. And the implications for second-tier brands are serious. Second-tier players with lower retail space productivity were already struggling to stay on key luxury streets — such as Fifth Avenue in New York, Avenue Montaigne in Paris and Canton Road in Hong Kong — as rents hit new highs. They certainly can’t keep up with top luxury groups offering hundreds of millions of euros to buy store locations outright. The strategy was pioneered by LVMH, which snapped up the Louis Vuitton store at 57th Street and Fifth Avenue in the early noughties. But the magnitude of today’s luxury real estate … Continue Reading
Luxury real estate company CEO floats possibility that Trump could sell Mar-a-Lago to help pay bonds lolita, 25/03/2025 The CEO of a luxury real estate firm claimed in an interview Thursday that former President Trump’s home of Mar-a-Lago could potentially be sold for hundreds of millions of dollars as he tries to pay a nine-figure bond in his civil fraud case. “Mar-a-Lago, potentially, that could be something that could be sold quickly,” Brown Harris Stevens CEO Bess Freedman told CNN Thursday. “I think the valuation is something in the hundreds of millions and I think there could be a buyer for something like that.” “There could be plenty of international people who want to buy that property,” Freedman said, explaining that there would likely be great interest in buying Mar-a-Lago from Trump. “There’s properties that are priced at $150 and $200 million that are near that.” NY AG ASKS COURT TO IGNORE TRUMP CLAIM THAT POSTING $464M BOND IS ‘PRACTICAL IMPOSSIBILITY’ The CEO of a luxury real estate firm told CNN Thursday that former President Trump’s home of Mar-a-Lago could potentially be sold for hundreds of millions of dollars. (CNN screenshot) “And Palm Beach is like the Nvidia of real estate,” he said. “It’s just shot up like a rocket. And people do want to live there, they’d … Continue Reading
The ultimate beachfront property you can’t sleep in lolita, 23/03/2025 There are no bedrooms or bathrooms and they’re often without electricity or water, but a tightly held segment of the waterfront property market offers buyers the chance to own a slice of prime beach real estate. Known as beach boxes, bathing boxes or boat sheds, the colorful and distinctive wooden huts dotted along the Victorian coastline are a popular place to take shelter at the beach, store fishing gear and relax. And despite their basic structures, they can fetch more than the average Melbourne house. Would you pay half a million dollars for a beach box? Darren Sadler from Woodards Dromana believes his beach box listing at Hawkers Beach, Mt Martha in Victoria’s Mornington Peninsula might be the only double storey box in Australia. Advertised for sale via an Expression of Interest campaign with a guide of $500,000, the two-storey beach box is definitely the largest in the area, he told realestate.com.au. “This is a once in a lifetime opportunity. This beach box is one of a kind. “Not only is it double storey, but it has amazing spectacular views of the city skyline,” he said. The rare two-storey beach box has been beautifully finished inside. “Whether you want to … Continue Reading
Bank of Canada pause soothes the real estate market lolita, 06/09/2024 Open this photo in gallery: 33 Lombard St. features a renovated unit with 1,400 square feet of living space and two parking spaces.ReMax Hallmark Bibby Group Realty March has brought renewed life to the Toronto-area condo market on the heels of a flurry of single-family home sales earlier in the year. But while buyers seem to be more optimistic in all segments of the market, they are keeping a close eye on their finances. Christopher Bibby, broker with Re/Max Hallmark Bibby Group Realty, says condo sales have been lagging the broader market so far in 2024, but the tempo suddenly shifted in early March. Over the course of 10 days, Mr. Bibby sold three of his condo listings, helped four buyers purchase units and had two more deals in negotiations. In the condo market, units with asking prices above the $1.5-million mark are seeing more action after a lengthy stall. “Suddenly it seems that price point is starting to click.” Mr Bibby says the sudden turn appears to be partly a delayed spillover from the rebound that began in late December in the freehold segment. As tales of bidding contests for houses became more common, some downsizers felt more … Continue Reading
Barbara Corcoran Says Housing Prices ‘Are Going To Go Through the Roof’ — But When? lolita, 30/08/2024 Kathy Hutchins / Shutterstock.com If you’ve been in the market to buy a home, you’re likely in a tough spot. While you may be tempted to wait for interest rates to drop, if you wait too long, you could be dealing with a surge in home prices. Check Out: Housing Market 2024: Avoid Buying a Home in These 25 Texas CitiesRead Next: 8 States To Move To If You Don’t Want To Pay Taxes on Social Security During a Fox Business interview, real estate entrepreneur and “Shark Tank” star Barbara Corcoran shared her prediction for when home prices will rise, how much she expects them to increase and more. Sponsored: Protect Your Wealth With A Gold IRA. Take advantage of the timeless appeal of gold in a Gold IRA recommended by Sean Hannity. Lower Interest Rates Will Mean Higher Home Prices We’re currently experiencing a “bottleneck” in the real estate market, Corcoran said, but this won’t last forever. “Sellers don’t want to move from their apartment or their home because they don’t want to take on higher interest rates,” she said, “and buyers are too afraid [to buy] because they are getting less house [for the price]. So you’ve … Continue Reading
St. Petersburg Snell Isle mansion lists for $11.25 million lolita, 23/08/2024 A 5,378-square foot home in St. Louis Petersburg’s exclusive Snell Isle neighborhood is on the market for $11.25 million. 321 Brightwaters Blvd NE is a Mediterranean style home with four bedrooms and five bathrooms on a 0.41-acre double lot. The waterfront property overlooks Coffee Pot Bayou and faces west, offering sunset views. It was built in 1928 and designed by the influential developer SV Schooley. “He was like a Spanish-Mediterranean style Frank Lloyd Wright,” said Bonnie Strickland of Coldwell Banker Realty. She is listing the property along with Miles Crowe. 321 Brightwaters Blvd NE was designed and built by the influential developer SV Schooley. [ VHT STUDIOS – WWW.VHT.COM | Bonnie Strickland ] The current owners paid $705,000 for the property in 1999, according to Pinellas County property records. They renovated it in the early 2000s to preserve its historical significance. They’ve also added modern structural elements like new windows and a new roof. “You can’t build a house like this anymore, it’s too expensive.” Strickland said. “It’s built like a fortress, solid plaster.” Special features include three fireplaces, hand-painted Italian-inspired interiors, an attached one-car garage, a separate two-car garage/workspace, a heated pool with a waterslide and a dock with … Continue Reading
Longtime Virginia Dragstrip Hits The Real Estate Market lolita, 21/08/2024 The Custom T’s Motorsports Park, formerly known as Colonial Beach Dragway in Northern Virginia, was listed this week with agent Exit Realty Expertise, for an asking price of $4 million. The 1/8-mile dragstrip, which has been in operation since 1960, is owned by veteran grudge racing promoter Larry Thompson, who took over the facility in 2018. The track carries the name of Thompson’s successful custom screen printing business, Custom T’s, which he founded in 1987 in Washington, DC The 50-acre facility in Colonial Beach, population 3,900, is located less than two miles from the Maryland state line and the Potomac River, and is a short drive from DC Richmond, and Virginia Beach. Your traditional small-town track, it features all of the essentials without the frills: new scoreboards, freshly paved return road, some limited paved parking, an office and concession building plus other storage outbuildings, covered dining tables, and of course the timing tower , timing system, concrete barrier walls, and simple grandstand seating. At about 26-grand a month over 30 years before taxes and insurance, whether this Virginia dragstrip is worth the $4 million asking price is up to the discretion of an interested buyer. But we certainly join the … Continue Reading
Mississauga home for sale the most expensive in Peel region lolita, 15/08/2024 State AlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWashington DCWest VirginiaWisconsinWyomingPuerto RicoUS Virgin IslandsArmed Forces AmericaArmed Forces PacificArmed Forces EuropeNorthern Mariana IslandsMarshall IslandsAmerican SamoaFederated States of MicronesiaThrushPalauAlberta, CanadaBritish Columbia, CanadaManitoba, CanadaNew Brunswick, CanadaNewfoundland, CanadaNova Scotia, CanadaNorthwest Territories, CanadaNunavut, CanadaOntario, CanadaPrince Edward Island, CanadaQuebec, CanadaSaskatchewan, CanadaYukon Territory, Canada Postal Code Country United States of AmericaUS Virgin IslandsUnited States Minor Outlying IslandsCanadaMexico, United Mexican StatesBahamas, Commonwealth of theCuba, Republic ofDominican RepublicHaiti, Republic ofJamaicaAfghanistanAlbania, People’s Socialist Republic ofAlgeria, People’s Democratic Republic ofAmerican SamoaAndorra, Principality ofAngola, Republic ofAnguillaAntarctica (the territory South of 60 deg S)Antigua and BarbudaArgentina, Argentine RepublicArmenianArubaAustralia, Commonwealth ofAustria, Republic ofAzerbaijan, Republic … Continue Reading
Engaging Agriculture: UNL releases preliminary farm real estate market survey results lolita, 14/08/2024 According to the preliminary results of the 2024 Nebraska Farm Real Estate Market Survey, the market value of agricultural land in Nebraska increased by 5 percent over the previous year to an average of $4,015 per acre. This marks the third consecutive year of increases in the market value of agricultural land in Nebraska, setting another high in the non-inflation-adjusted statewide land value in the survey’s 46-year history. The University of Nebraska-Lincoln’s Department of Agricultural Economics annually surveys land industry professionals across Nebraska, including appraisers, farm and ranch managers, agricultural bankers, and related industry professionals. Results from the survey are divided by land class and summarized by the eight Agricultural Statistical Districts of Nebraska. The 2024 preliminary results revealed that most of Northwest Nebraska’s agricultural land values were higher for the February. 1, 2024, reporting year. The northwest region includes Banner, Box Butte, Cheyenne, Dawes, Deuel, Garden, Kimball, Morrill, Scotts Bluff, Sheridan and Sioux counties. The average farmland value in the region is estimated to be $960 per acre, which is 3 percent higher than the previous year. Table 1 reports the eight major types of land reported in the survey and the average value of each type for the … Continue Reading
Massive changes for Real Estate buying and selling | News lolita, 11/08/2024 BOSSIER CITY, La – Some seismic changes are coming in the real estate world. It all stems from several antitrust lawsuits against the National Association of Realtors. The NAR on Friday agreed to pay $418 million in damages and eliminate some rules on commission. Some industry observers think the changes could have commissions falling by 25% to 50%. Under the newly scrapped NAR rules, which were enacted in the 1990s, sellers were required to pay for the broker representing the buyer and offer a commission for the buyer’s broker when initially listing a property. That will no longer be the case and there will be more opportunities for negotiation all around. Dianne Gibson, broker and co-owner of East Bank Real Estate “There will be additional disclosures involved with the sellers and buyers. We have not received those disclosures yet, but will be shortly. We have several meetings set up with all the governing bodies of real estate in the state of Louisiana and we’ll get more guidance here soon,” said Dianne Gibson, broker and co-owner of East Bank Real Estate Jenny Spivey, associate broker at East Bank Real Estate “I honestly feel like it will be good. Change is good … Continue Reading