Real Estate

  BLOOMBERG In this age of tiny houses and the less-is-more aesthetic of millennials, can a house be too large for its market—even when that market sports a median home price around the $5 million mark? That has to be a question that occurs when viewing this massive 30,000-square-foot home listed for $48,880,000 in tony Alpine, NJ. New Jersey’s most ...

  EMIRATES BUSINESS Qatar First Bank L.L.C. (QFB), a leading Shari’ah compliant bank based in Qatar offering investment opportunities and innovative financial solutions with local, regional and international reach, announced the signing of an agreement with JLL, in order to offer shareholders and clients the ability to source real estate opportunities based on their specific requirements and budget. Signed at ...

  AP Midwestern homebuyers helped spark a national increase in real estate sales during April, a sign that demand for housing remains steady despite rising prices and tight inventories. Sales of existing homes rose 1.7 percent last month to a seasonally adjusted annual rate of 5.45 million, the National Association of Realtors said. Americans are eagerly searching for homes. But ...

  AFP Four lucky competition winners are set to be the first people in history to use the Eiffel Tower as a vacation home next month. Rental company HomeAway is taking over part of the first floor of the iconic 300-meter (yard) landmark for the duration of the UEFA Euro 2016 soccer tournament in Paris, and transforming it into Hausmannian-style ...

  Bloomberg A luxury-condo project planned for the lower Manhattan site of what was once to be the “Ground Zero mosque” has received $219 million in financing from an international consortium of lenders, paving the way for 50 high-end units to enter a New York market that is growing heavy with them. Developer Soho Properties, led by Sharif El-Gamal, said ...

  BLOOMBERG British house prices would take a severe blow in the years immediately after a vote to leave the European Union, according to an analysis by the Treasury. The study concludes that prices would be between 10 percent and 18 percent lower by 2018 relative to their performance inside the EU, according to the Treasury. However, Chancellor of the ...

  Bloomberg Japan’s biggest real estate companies are borrowing record amounts of cheap cash to pay for the nation’s tallest skyscrapers yet. Mitsubishi Estate Co. plans to build a 390 meter (1,280 feet) tower with 61 floors above ground in front of Tokyo Station, making it the nation’s biggest building. That and 27 other urban renewal projects in Japan’s capital ...

  AFP Nancy Kidwell is a modern-day pioneer of the American desert, a rough-riding frontierswoman who built an entire town amid the lonely Yucca trees and sturdy sagebrush, where nothing existed before. A half-century ago, Kidwell and first husband Slim turned a triangle-shaped gravel airstrip abandoned by the US military into a thriving community that featured a casino, store, camper ...

  Bloomberg Increasing infrastructure investment is the best way to boost economic growth in China and doing so doesn’t undermine efforts to overhaul the economy, according to former central bank adviser Yu Yongding. “If China does not increase infrastructure investment now, it may miss a historical opportunity,” Yu said on Saturday at an economics conference in Beijing. “In order to ...

  Bloomberg New York luxury-condo builder Extell Development Co. says it’s taking longer than expected to obtain construction financing for its One Manhattan Square project as lenders pull back from the market. Extell had anticipated getting a construction loan for the downtown project by the beginning of June, as a condition of closing a separate financing deal with RXR Realty ...