Real Estate/REITs

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Ackman Group Pays $91.5M For Condo At NYC's One57

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A group including billionaire investor Bill Ackman paid $91.5 million for a duplex penthouse at Extell Development Co...

De Niro Partners Make Billions With Boutique Manhattan Hotels

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The Queens-raised partners have become billionaires by transforming their families’ modest real estate assets into a lodging empire that includes some of New York’s most stylish accommodations.

A New York Skinny Skyscraper Will Have Built-In Parks

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Living next to a park is a treat in New York's concrete jungle. But how about living under one?

Jets Owner Woody Johnson Sells NYC Co-Op For Record $77.5M

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Billionaire investor Leonard Blavatnik bought the apartment on New York’s Fifth Avenue for $77.5 million, a record price for a Manhattan co-op.

London Luxury-Home Values Decline As Taxes Deter Wealthy Buyers

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Home prices in central London’s wealthiest districts fell for a second quarter as buyers were deterred by higher taxes and uncertainty surrounding the U.K. general election in May.

Billionaire Bren Is Secret Owner Of NYC's MetLife Tower

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The owner of the MetLife Building, one of Manhattan’s most well-known skyscrapers, isn’t who most people think.

Mineral Tycoon Ordered To Pay $118M For Looting Company

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Billionaire Ira Rennert and his investment firm were ordered on Friday to pay more than $118 million after being found liable for looting a magnesium company to build one of the most expensive...

Joan Rivers’ Manhattan Penthouse Listed For Sale At $28 Million

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The Manhattan penthouse once home to Joan Rivers, the comedian and television personality who died last September, was listed for sale Monday at $28 million.

Luxury Manhattan Condos Pile Up As Foreigners Lose Buying Power

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A flood of new high-priced condominiums and mansions are coming to market just as international buyers are seeing their purchasing power wane with the strengthening dollar.

Miami Condo King Says Cuba Embargo Must Go

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Miami billionaire Jorge Perez says an end to a U.S. economic embargo on Cuba could help turn Havana into a mecca for real estate investment.

Tiny Hotel Rooms Follow Soaring Land Prices In Yotel Growth

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Justin Palmer bought a boarded-up, eight-story San Francisco office building for $17...

The $10 Million Home Has Never Been Hotter

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As the U.S. housing market cools from last year’s overheated state, sales of homes at the top haven't been following the same script. Prices and sales at the upper reaches are soaring.

Rockefeller Family To Vacate 30 Rock

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Descendants of John D. Rockefeller Jr. will vacate office space at 30 Rockefeller Plaza that the family has occupied for more than 80 years.

Springsteen Girls Priced Out As Rich Buy NJ Shore Homes

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When Hurricane Sandy roared through New Jersey two years ago, it not only tore up the shoreline. It also pushed out much of the middle class.

Building On Success

by Russ Alan Prince

Charles Garcia uses his construction industry know-how to help wealthy clients find the right real estate deals.

Mortgage Notes Reconsidered

by Gus Altuzarra and Christopher Chase

Whole mortgage notes are a potential pathway to income should interest rates rise.

Billionaire Enclave Prices Drop On Singapore Property Curbs

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Sentosa, where Australia’s richest woman, Gina Rinehart, and telecommunications billionaire Bhupendra Kumar Modi have homes, is losing its appeal because of higher taxes.

Castles On Deep Discount In Eastern Germany

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For sale: 18th century castle with a medieval prison tower, moat and lake on 14 acres. The price: 350,000 euros ($445,000). The catch? It’s in eastern Germany.

Baghdad Mansions Sell For $1 Million As Militants Near

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Islamic State militants may be at the approaches to Baghdad yet members of Iraq’s Shiite Muslim elite are offering cash for $1 million homes in the capital’s sought-after Zayouna neighborhood.

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