Real Estate

At $250 million, newly listed Bel-Air mega-mansion is the most expensive home for sale in the U.S.

Los Angeles is now home to the most expensive house for sale in the country: a $250-million mega-mansion.<p>Just how lavish is the Bel-Air property, which hit the market Wednesday? It’s got four levels, 38,000 square feet of interiors, 12 bedrooms, 21 bathrooms, three kitchens, an infinity pool with a …

Luxury Lifestyle

Macy’s: Why There’s 50% Upside - Stocks to Watch

By Ben Levisohn<p>Shares of <b>Macy’s</b> (M) are getting hammered today after <b>Credit Suisse</b> released a bearish note on department store retailers today. The …

Investing

Inglewood real estate market expected to score as Chargers join Rams at new stadium

The Chargers’ decision to join the Rams at a splashy new stadium in Inglewood has at least one builder even more pumped up about the city’s prospects.<p>The promise of pro football in Inglewood, still three years away, has already given a lift to real estate developer Sandy Sigal, who is spending $15 …

Business

Mortgage-Rate Rise Hits Coastal Property Markets Hardest

Pricey real-estate markets on the coasts are bearing the brunt of the recent rise in mortgage rates and are likely to feel more pain as rates climb, housing economists say.<p>The average rate for a 30-year mortgage has risen to 4.12% from 3.5% before the election in November.<p>An analysis by the …

America’s new most expensive house lists for $250M

Wowza<p>Move over Florida megamansion with 33 bedrooms, there’s a new top dog in the national real estate market. Just listed for a bonkers $250 million in L.A.’s Bel Air, this lavish pile of glass, white walls, and turf is the work of luxury developer Bruce Makowsky, who famously sold a Beverly Hills …

Celebrity Gossip

For $25M, an Upper East Side condo with Park Avenue views

The enormous apartment has 102 feet of Park Ave frontage, apparently<p>Macklowe Properties may be better known, at this point, for its skyscrapers (namely the skyline-altering 432 Park Avenue) but the company’s real estate portfolio isn’t all überpricey high-rises—it also has überpricey …

Manhattan

Hudson Square: A Manhattan Bargain, and Quiet, Too

Through the years, Hudson Square has been a place to print books, broadcast radio shows and wobble through pub crawls, not to mention to slam steering wheels in frustration at backups in the Holland Tunnel.<p>But to live? Yes, that too, say residents of the enclave, who praise its quiet streets, old …

New York City

Cambridge vs. Somerville: How their prices compare at the start of 2017

One’s still a lot cheaper<p>It is one of the meta-trends of Boston-area real estate during the past decade or so: the slow, creeping gentrification of Somerville from Cambridge’s much cheaper neighbor into a pricier destination all its own (so much so that “X is the new/next Somerville” is a faux …

Boston

Half of U.S. Wineries Might Be Sold in the Next Five Years - Bloomberg

When billionaire Stan Kroenke, owner of Napa cult winery Screaming Eagle and a slew of sports teams (including the L.A. Rams), bought a majority …

Wine & Spirits

The Most Expensive Home in the Country Hits the Market for $250 Million—See Photos

Take a look inside the most expensive home in the United States, which comes equipped with a movie theater, bowling alley, and $30 million worth of cars.

Luxury Lifestyle

Metro Denver apartment rents drop for second quarter

Average apartment rents in metro Denver fell for the second quarter in a row in the fourth quarter of 2016 as the market struggled to absorb a record …

Denver

TIAA Division Opens New Office To Spend Billions In Southeast U.S., Latin America

A division of TIAA, one of the world’s largest real estate investment managers, is putting shopping centers in the southeastern U.S. and Latin America high on its shopping list.<p>TH Real Estate — the third-party investment management platform of TIAA Asset Management — will focus on urban and …

Commercial Real Estate

Should You Include Operating Leases In Your Analysis?

Operating leases are effectively a form of off-balance sheet debt that can be easily overlooked.<p>When capitalized, they can have a dramatic effect on …

Investing

A quarter of Hudson Yards's first condos have now sold

Sales at Fifteen Hudson Yards have been brisk since launching in the fall<p>Sales at Hudson Yards’s condo building, now dubbed Fifteen Hudson Yards, only launched this past fall, but the building has already hit a milestone: according to Related, the building has now reached the 25 percent sold mark, …

Condominiums

8 Things You Should Know About Kalorama, Washington, D.C.

Here's what makes it so desirable.<p>What's so special about Kalorama, the Washington, D.C. locale that in recent weeks has added the Obama family, Jeff Bezos, and Jared Kushner and Ivanka Trump to the ranks of its residents?<p>"Spectacular 'period' turn-of-the-century architecture and grand city homes," …

Jared Kushner

Here comes the Beige Book ...

The Federal Reserve will release its latest Beige Book, a compilation of anecdotes on the economies in the Fed's 12 districts, at 2 p.m. ET.<p>The previous edition, released on November 30, 2016, showed business conditions across much of the country softened ahead of the election amid uncertainty over …

Commercial Real Estate

US homebuilder confidence, sales outlook slip in January

U.S. homebuilders are feeling slightly less confident this month about their sales prospects, a pullback from December when builders' confidence reached the highest level in 11 years.<p>The decline in builder confidence comes amid heightened concerns about how rising mortgage rates could affect sales …

Business

Comparing the Real Housewives' Housing Expenses by City: What It Costs to Live Like a Bravolebrity

It's no secret that the stars of the <i>Real Housewives</i> franchises are living grandly. Whether living in Beverly Hills, Orange County, New Jersey, …

Beverly Hills

Is an Old Home Worth the Investment?

While buyers are usually drawn to recently built homes, there is a group of home buyers who turn their attention to America’s older houses. Older …

Personal Finance

Venetian Islands beauty asks $95K to rent

With collapsing doors exposing Biscayne Bay<p>A gorgeous 6,612-square-foot waterfront home in Venetian Islands is asking $95,000 to rent.<p>It has six bedrooms, six and a half bathrooms, and is highlighted by telescopic doors throughout the residence, unveiling a breathtaking indoor-outdoor experience …

Miami

House Hunting in . . . Holland Park, London

<b>A RENOVATED MEWS HOUSE IN HOLLAND PARK, LONDON</b><p><b>$3.223 MILLION (2.675 MILLION POUNDS)</b><p>This four-level, 1,800-square-foot home, a converted mews house dating from the 1800s, has three bedrooms and three and a half baths. The interior has been completely rebuilt and an additional floor added …

London

Kohn Pedersen Fox's Soho condo shows off its interiors

The 8-story condo features just 16 apartments<p>Over two years after sales launched at the Kohn Pedersen Fox-designed condo building at 27 Wooster Street in Soho, we now have the first inside look at the eight story building. The boutique-sized condo has been in the works for nearly a decade now with …

Architecture

St. Helena house, with its own vineyard, asks $33 million

It comes with $7.2 million worth of wine<p>What if just moving to wine country is not enough? What happens when a buyer actually wants a piece of that Napa action themselves?<p>In that case, the bill may run as high as $33.15 million, as is the case with 2900 Spring Mountain Road in St. Helena, a …

Wine & Spirits

Big Cities Where Incomes Are Rising Faster Than Rents

Much has been written about rent increases in America’s largest cities. Data from the U.S. Census Bureau shows that in cities like Boston, New York and San Francisco, rents have risen by 10-15% from 2012 to 2015. An interesting component of this discussion is the rise in incomes, as that often …

Cities

JC Penney: Splat! - Stocks to Watch

By Ben Levisohn<p>By now, we all know retailers are facing a tough time. More and more, people are choosing to shop online, putting sales under pressure …

Business

IT firm headed to new Frisco business park | Real Estate

A Frisco high tech firm will move its office and warehouse to a planned building in the City of Frisco's new business park.<p>Skinny IT said it will …

Commercial Real Estate

Stanley Kubrick’s Former French Holiday Home Comes Up For Sale

<b>SELLER:</b> Christiane Kubrick <b><br>LOCATION:</b> Domme, France <b><br>SIZE:</b> (approx.) 4,300 square feet, 7 bedrooms, 5 bathrooms <b><br>PRICE:</b> €1,485,000 / (approx.)</b> …

Stanley Kubrick

In quick move, San Antonio Spurs' LaMarcus Aldridge sells his Newport Coast house

The San Antonio Spurs’ LaMarcus Aldridge seems to know his way around Southern California real estate deals. The five-time all-star bought a home in Newport Coast for $7 million in late summer and sold it last month for $8.35 million.<p>Set behind gates in Crystal Cove, the redone contemporary estate …

San Antonio

Greenwich Luxury-Home Sales Quicken as Sellers Haggle on Prices - Bloomberg

Luxury residences in Greenwich, the Connecticut town that’s home to hedge funds and Wall Street executives, sold at a quicker pace in the fourth …

Business

Tennis Star Novak Djokovic Buys Two Manhattan Apartments

Tennis star Novak Djokovic is in contract to buy two apartments at Manhattan condominium 565 Broome SoHo for an undisclosed sum.<p>Mr. Djokovic bought two separate two-bedroom units, each measuring over 2,000 square feet, on the upper floors of the under-construction project, said Stacy Spielman, …

ATP World Tour