Real Estate

Today Kimco Realty KIM , one of the largest shopping center REITs in the US, announced it was merging with Weingarten Realty WRI for $5.9 billion in a mix of stock (90%) and cash (10%).  Each WRI share will be converted into 1.408 newly issued KIM stock plus $2.89 in cash per share and upon

Florida’s Barrier Islands have a wealth of attributes – waterfront, abundant views and a tropical paradise vibe.  This palatial Georgian estate graces 160 feet of Intracoastal Waterway on private Gem Island in the John’s Island community of Indian River Shores. The 11,758-square-foot home lies on the 1,650-acre John’s Island, a waterway envisioned half a …

Is “deal or no deal” a popular refrain from a successful game show or is it the voice of real estate investors who are growing concerned about the potential repeal of Section 1031 of the Internal Revenue Code?   A recent read of the Biden/Harris tax plan reveals a $4 trillion tax hike, and one

Outside, it’s part private park, part sanctuary. Inside, it’s an elegant, designer hideaway worthy of a magazine centerfold. Altogether, it’s a compound for the ages and the latest trophy to hit a surging luxury real estate market in Montecito, Calif. Called Mira Vista, the sprawling estate of more than 28 acres listed for sale last

In yet another sign of the white-hot residential market in Florida, Guggenheim Partners chief investment officer Scott Minerd bought a pair of penthouses in Miami for $12.5 million, sources familiar with the transaction tell Forbes. The purchases comprise an entire floor of the 51-story Biscayne Beach tower, in what appears to form the largest penthouse

Is it possible to create flexible and health-conscious yet unconfined residential interiors for the post-pandemic age? The architects at prolific New York City architectural firm CetraRuddy believe so. The innovative and malleable interior designs they created over the past few months are applicable not only during quarantines of the kind endured lately, but also during

There’s more executive turmoil swirling at Better.com, one of the mortgage industry’s hottest new startups, and it’s hitting just days after reports that SoftBank is investing $500 million of new funding that values the business at $6 billion. Elana Knoller, Better’s chief product officer, has been placed on administrative leave following allegations of bullying and

If you’re a real estate owner or investor, you may have noticed a significant increase in insurance costs compared to previous years. In fact, renewal increases have jumped 20% year-over-year, according to Q3 2020 data from Marsh’s Global Insurance Market Index, a measure of global commercial insurance premium pricing. “This increased expense can affect a

Dig deep enough through the history of almost any Los Angeles home and you’ll likely come across a tie to Hollywood—whether it’s as an owner, former resident, house-flipper, or guest. This classic residence in the Spaulding Square neighborhood of Los Angeles has twice been home to showbiz types. Seven years ago, director-turned-period renovator/designer Steven Antin

Summer vacation plans are still on pause for millions of homeowners, which means lots of people are looking for ways to turn their outdoor spaces into dreamy warm weather escapes. “People are craving the idea of taking a vacation,” says designer Sara Barney. “As a way to replace a tropical trip, homeowners have started focusing

There is perhaps no business more grounded in community than real estate. As trusted advisors to people looking for a place they can call home, real estate agents and brokers have an influential role in promoting and developing communities in the markets they serve. It is for this reason that operating with integrity and mindfully

Mike McMullen is the CEO of Prominence Homes and the author of Build. Rent. Sell. Repeat!  Scaling a business challenges many founders. The process is difficult, confusing and tedious, and it requires a unique skill set. The benefits are obvious (more revenue, more opportunities, etc.) but the risks are sizable as well. Perhaps so many founders fail

This sculptural home in the Sydney suburb of Castle Cove evokes a winged creature nestled into the hillside above the bay. The distinctive shape comes from the structure’s cantilevered rooflines, which slope gently down from the edges, and its trapezoidal concrete walls. Merged with steel, glass and wood, the home feels firmly grounded in the

The latest pricy purchase in Florida, one of the state’s highest, goes to Oracle co-founder Larry Ellison. He purchased this Tuscan style mansion from Gabe Hoffman, founder of Accipiter Capital Management, for $80 million or just a shave over its asking price of $79.5 million, reports the Wall Street Journal. Hoffman bought the main parcel

Mortgage rates finally stopped their upward climb — at least temporarily.  According to the latest data from Freddie Mac, mortgage rates dropped over the last week, falling from 3.18% to 3.13% on 30-year, fixed-rate loans. It’s the first time in two months that rates have dropped. “After moving up for seven consecutive weeks, mortgage rates

Much like Beverly Hills in Los Angeles or Tribeca in New York, the eastern Honolulu neighborhood of Kahala is famous for the affluence of its residents. Billionaires, celebrities and business moguls worldwide have gravitated to the oceanfront enclave, buying luxury mansions and a paradise where soft-sanded beaches and green expanses of the iconic Diamond Head

Serial trophy home buyer Larry Ellison has added another prize to his vast real estate collection after purchasing an $80 million mansion in North Palm Beach this week, the third largest oceanfront home in the posh Florida county. The six-acre property—inside a gated community—boasts more than 500 feet of ocean frontage in a neighborhood that includes

The days of the National Guard strolling a containment zone in New Rochelle, New York may have ended, but the visible reminders of the covid pandemic on the city’s streets will last for years to come.  Some of the changes will be ways to stop people from getting too close to each other—such as physical

Just before a power lunch at Sant Ambroeus in Palm Beach, real estate billionaire Jeff Greene picks up the phone to discuss the past year’s “huge migration” to Southern Florida. “People have realized that they can get a much higher quality life and still make the same amount of income,” he says. “I’ll see more

According to 2020 Year-End: Life Science National Overview & Top Market Clusters, a recent report from Newmark, both tenant and institutional investor demand for life science real estate remains vibrant. Low lab vacancy rates in life science markets reflect substantial appetite and limited supply of existing wet lab space. While prime drawing cards like Boston