Known for the variety of the roles he plays, Leonardo DiCaprio now is trying his hand at Malibu beach house landlord. He has listed his oceanfront Cape Cod-inspired home for $75,000 a month for a long-term tenant or $150,000 a month for leases of less than six months.
According to London-based Chesterton Humberts' London Prime Residential Lettings Market Snapshot report, prime London residential lettings market has experienced a healthy start in Q1, 2012.
Bear's Club, Florida Golf legend Jack Nicklaus, affectionately known as the Golden Bear, is about to take a bigger bite out of China's future golf and resort development business.Nicklaus Design is widely regarded as the world's leading golf course design...
In a deal that took two years to close, Israel's EPN Group has sold its 47 U.S. open-air shopping centers totaling 10.6 million square feet to a joint venture formed by New York City's Blackstone Group and DDR Corp. (NYSE: DDR) of Beachwood, OH. The price was $1.428 billion. The joint venture is called BRE DDR Retail Holdings LLC. EPN Group is a part of Elbit Imaging Ltd.
Q1 - It is better to get a pre-qualification or a pre-approval. What is the difference between pre-approval and pre-qualification? A - The pre-approval process is much more complete than pre-qualification. For pre-qualification, the loan officer asks you a few questions and provides you with a pre-qual letter.
According to the May 2012 STR Global Construction Pipeline Report, the Caribbean/Mexico hotel development pipeline comprises 133 hotels totaling 19,201 rooms. Among the Chain Scale segments, the Upscale segment represented the largest portion of rooms in the total active pipeline with 25.2 percent and 4,836 rooms.
According to the May 2012 STR Global Construction Pipeline Report, the Middle East/Africa hotel development pipeline comprises 492 hotels totalling 125,235 rooms. Among the countries in the region, the United Arab Emirates, reported the largest number of rooms in the total active pipeline with 35,683 rooms.
According to the May 2012 STR Global Construction Pipeline Report, the Europe hotel development pipeline comprises 895 hotels totaling 143,998 rooms. Among the Chain Scale segments, the Upscale segment accounted for the largest portion of rooms in the total active pipeline with 20.8 percent and 29,996 rooms, followed by the Unaffiliated segment, representing 20.6 percent of rooms in the total active pipeline with 29,701 rooms.
According to the May 2012 STR Global Construction Pipeline Report, the Asia/Pacific hotel development pipeline comprises 1,613 hotels totaling 372,451 rooms. Year-to-date 2012, 149 properties opened in the region with 29,667 rooms. For the remainder of the year, 359 more properties with 91,281 rooms are expected to open.
The upscale JW Marriott brand has now made its way to Azerbaijan. The new hotel marks Marriott International's first-ever hotel in Azerbaijan's capital city of Baku. The 243-room JW Marriott Absheron Baku opened under a management agreement with Yeni Absheron Oteli LLC. A stunning addition to Marriott's luxury JW Marriott global brand portfolio, the hotel overlooks Baku's famed Azadliq Square and the Caspian Sea.
London-based STR Global has just released this week their Annual Profitability Survey 2012 for selected global hotel markets. Now in its 14th year, the survey contains detailed data on hotel revenues and costs, showing the dynamic evolution of the sector by city, country and region.
Real estate activity in Russia once again is on a roll. May 2012 sales of luxury apartments hit $90 million, double the volume in May 2011. Commercial transactions totaled $8.1 billion in 2011. Factors contributing to the strong housing demand include improving consumer confidence, a growing Russian middle class and Russia's gross domestic product growth to 4.3% last year.
Fläkt Bovent has leased nearly 3,290 sq.m of warehouse space and over 500 sq.m of office space in Poland's Panattoni Park Pruszków I project. Fläkt Bovent sp. z o.o. is part of the Fläkt Woods Group, which is a leading global supplier of air-technology based solutions for public buildings, infrastructure and industry. Products of Fläkt Woods provide air ventilation in many buildings across the world, including the Channel Tunnel and the National Stadium in Warsaw.
According to the National Association of Realtors (NAR), pending home sales bounced back in May, matching the highest level in the past two years, and are well above year-ago levels. The Pending Home Sales Index, a forward-looking indicator based on contract signings, rose 5.9 percent to 101.1 in May from 95.5 in April and is 13.3 percent above May 2011 when it was 89.2. The data reflect contracts but not closings.
According to Jones Lang LaSalle's 2012 Global Real Estate Transparency Index report released this week; recovering real estate markets globally have prompted renewed impetus to transparency improvements following a slowdown in progress during the financial crisis in 2008 and 2009.
Cristo Developers from Paphos recently began construction on an ambitious mixed-use master-planned resort community on the island of Cyprus. Located in the eastern Mediterranean Sea, south of Turkey, Venus Rock will be one of Europe's largest luxury beach-front residential developments. Nestled along the Cypriot coastline in a stunning valley next to Aphrodite Hills, the new golf and resort community can be reached within 20 minutes from Paphos.
Two years ago, Brazil's economy was flying high. Today it is heading for a hard landing. Like its South American neighbors Peru and Chile, Brazil's economy today is moving at the slowest pace in two years. The Brazilian economy contracted in April for the first time on an annual basis since September 2009. Brazil's growth outlook for this year has deteriorated since April to 2.53% from 3.2%, according to the latest Central Bank survey of analysts
According to the Miami Assocation of Realtors, for the sixth consecutive month Miami home prices posted strong gains in May 2012. The median sales price of condominiums in Miami-Dade County increased 22 percent to $151,000 and the median sales price of single-family homes rose six percent to $190,000.
Four Seasons Hotels and Resorts, in collaboration with UAE-based holding company Bright Start L.L.C., recently announced plans for a resort property in the heart of Jumeirah Beach. The highly anticipated addition to the city's hospitality and social scene is already under construction on a prime beach-front location with convenient access to the main commercial district on Sheikh Zayed Road.
According to today's S&P/Case-Shiller Home Price Indices report, average home prices increased 1.3% in the month of April for both the 10- and 20-City Composites. This comes after seven consecutive months of falling home prices as measured by both indices.