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☆ I'm a New York real-estate agent who's not worried about losing guaranteed commission. Here's what I'm doing to replace those funds.
▼ + stars: | 2024-04-19 | by ( Ananya Vahal | ) www.businessinsider.com time to read: +6 min

This as-told-to essay is based on a conversation with Mukul Lalchandani, a 44-year-old real-estate agent from New York. I decided to become a real-estate agent so I could prevent other immigrant families from going through the same situation. I've lived in New York for 23 years and have been a real-estate agent for over 15 years. One of the rules is that the seller no longer has to pay a commission to the buyer's agent. Here's what the new commission rules meanThere is a lot of confusion around the commission rule and what it means, especially for buyers.

Persons: Mukul Lalchandani, It's, I've, REBNY, they'll, towners, Sellers Organizations: Service, Business, National Association of Realtors, NAR Locations: New York, Hong Kong, NY

INDIANAPOLIS (AP) — The signs are all around downtown Indianapolis now: NBA All-Star weekend finally has arrived. Posters of the All-Star players cover Lucas Oil Stadium, home of the NFL's Indianapolis Colts and host to All-Star Saturday Night, and Gainbridge Fieldhouse, home of the Pacers and WNBA's Indiana Fever and site of Sunday's All-Star Game. There's even a larger-than-life graphic of Pacers star Tyrese Haliburton on the towering 33-story glass facade at the JW Marriott hotel. “When we had to shift the All-Star Game off of 2021, we were trying to figure out when it would work out and we landed on 2024,” NBA Commissioner Adam Silver said in October. “But that three years, I think, has really turned out to benefit us.”Now, the Pacers appear ready to shine under the spotlight of a second All-Star weekend.

Persons: Larry Bird, Rick Fuson, Kareem Abdul, Jabbar, Magic Johnson, Ralph Sampson, Bird, Michael Jordan, Isiah Thomas, Gainbridge, Tyrese Haliburton, Heck, Adam Silver, Herb Simon, “ We’re, ”, Steve Simon, Herb's Organizations: INDIANAPOLIS, New, Indianapolis, Indiana Pacers, Hoosier, Indy, NBA, CFP, Lucas Oil, Indianapolis Colts, Pacers, WNBA's Indiana, JW Locations: Indianapolis, Atlanta, Indiana, skywalks, Haliburton

☆ I'm a Nashville local. It's expensive and overrun by tourists, but it's still the best city in the world.
▼ + stars: | 2024-01-15 | by ( Jen Glantz | ) www.businessinsider.com time to read: +7 min

Bryan Clayton is a Tennessee native who moved to Nashville a decade ago to build his company. Michael Warren/Getty ImagesWhen I moved here, I'd go out on Broadway for the dive bars and live music. You could hear live music from the best musicians without the downsides of big cities, such as generic food and bar chains. People started coming from around the world to enjoy live music and sports without spending a fortune. AdvertisementAfter living in Nashville for a decade, I still believe it's the best city in the world for a weekend.

Persons: Bryan Clayton, it's, —, I've, tonks, It's, Michael Warren, I'd, haven't, we've, John Greim, wilder, I'm, Percy Warner, Percy Priest Lake Organizations: Service, It's, Uber, Broadway, Nashville, NHL's Predators, NFL's, People Locations: Tennessee, Nashville, Murfreesboro, Southern, Nashville , Tennessee, California, New York, Miami, Radnor, Atlanta, Barcelona

☆ Living in a ski town sounds like a dream. But the reality is crushingly expensive.
▼ + stars: | 2023-11-19 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

Ski towns are so expensive that workers struggle to afford local housing and stay in their jobs. Vail, Colorado has spent $17 million paying homeowners to rent to local workers, according to the Wall Street Journal. The typical home value in Breckenridge was $1.1 million in October, while in Vail, 40 miles west, it was $1.6 million, according to Zillow. He told Business Insider earlier this year that the worker exodus from Vail has forced his business to stop offering lunch some days. Advertisement"Teachers, like myself, want to stay here in the community, but doing so requires the stability that homeownership can offer," Weibel told Business Insider.

Persons: —, Callie Kuchan, Business Insider's Jordan Pandy, Kuchan, Pandy, Vail, George Ruther, Ruther, he's, Paul Anders, Anders, Allison Weibel, Weibel Organizations: Wall Street, Service, Business, Street Journal, US Department of Housing, Urban, Policy Development, Research, Vail Daily, Vail Locations: Vail , Colorado, Breckenridge , Colorado, Illinois, Chicago, Breckenridge, Vail, Aspen, , Montana

☆ The death of downtowns
▼ + stars: | 2023-10-31 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But the number of empty storefronts overwhelming downtowns isn't just a product of the post-pandemic world. When it comes to local downtowns, not all small businesses are created equally. A homebuilder executive breaks down the do's and don'ts that've helped her clients lower rates from 8% to 4.875%.

Persons: —, that's, Tyler, Insider's Adam Rogers, it's, Adam, Justin Sullivan, It's, Lucas Jackson, Elon Musk, Joel Saget, Sheldon Cooper, Getty Images Elon, X, Daniel Rizea, Haley Rosen, Marie Donoghue, Rosalyn Durant, don'ts that've, Heidi Klum's, Jayne Withers, Zers, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, New York Stock Exchange, Getty, Getty Images, Apple, Google, ESPN, NFL, NBA, Walmart, Workers, Fed, Pfizer, Samsung Locations: National, New York, AFP, New York City, San Diego, London

☆ Ski towns in the American West are getting swankier — and pricing out frustrated locals
▼ + stars: | 2023-10-01 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +8 min

Driggs, Idaho, is the latest western mountain town to grapple with an surge of outsider money. AdvertisementAdvertisementChristina Assante bought a half-acre lot in Driggs, a ski town on the border of Wyoming, for $500,000 in 2021. Assante, and her son, Asher, are a part of a growing population setting course for the burgeoning ski town that was once overshadowed by its trendy neighbor Jackson, Wyoming. AdvertisementAdvertisementAn uncharted ski town in Idaho is ready to explodeIn Driggs, the town's expansion trajectory hangs in the balance as a, more literal, expansion is being organized. Locals are being pushed further outside of this Colorado ski townVail, Colorado, an expensive ski town a little less than 100 miles outside of Denver, could be viewed as a cautionary tale for Driggs and other budding ski towns.

Persons: —, Rich, Dutton, Luke Smith, Engel, Völkers Jackson, Cindy Riegel, Christina Assante, Assante, Michael, Asher, Driggs, Riegel, Allison Weibel, Steve Estvanik, Weibel, Vail, Michelle Badger, Redfin, it's, Mack, Keller Williams, Everdawn Charles, Tamara Williams, Kevin Costner's, Todd O'Hair, Montana's, Jackson, Paul Diegel Organizations: Service, Wall Street Journal, Journal, Census Bureau, New York Times, Times, Vail Resorts, Denver, Getty Images, Montana Chamber of Commerce Locations: Driggs , Idaho, Teton County , Idaho, Wyoming, Alta , Wyoming, Driggs, Jackson , Wyoming, Colorado and Montana, Idaho, Alta, Colorado, Vail , Colorado, Denver, Vail, Gypsum , Colorado, Vail —, Breckenridge, Dillon, Frisco, Bozeman , Montana, DianeBentleyRaymond, Getty Images Bozeman, Yellowstone, . Bozeman, Bozeman, Montana, Park City, Aspen

☆ The era of America's subminimum wage for tipped restaurant workers may be ending
▼ + stars: | 2023-09-23 | by ( Tim Mullaney | ) www.cnbc.com time to read: +12 min

After a months-long public campaign that began shortly after Mayor Brandon Johnson (right) took office in May, advocates reached a deal with restaurant industry lobbyists to phase out the tipped-minimum wage over five years. "The closest pending victory is in Chicago," said Saru Jayaraman, founder and president of the advocacy group One Fair Wage. Three-fourths said they would reduce the number of tipped workers on their payroll, and nearly half said the cuts would be significant. The $9.48 an hour wage most workers got cost the restaurant $5,449.61, he said, a fraction of the $17,198 in tips workers earned. That's one reason why the restaurant industry engaged in a kind of bidding war against itself, to find a compromise solution that politicians like Alderman Carlos Ramirez Rosa, Johnson's floor manager in the City Council, would buy.

Persons: Brandon Johnson, Scott Weiner, Covid, Hornick, Danny Meyer, Meyer, Chicago –, Saru Jayaraman, Michael Hornick hasn't, Callahan, That's, Weiner, Rick Rick Bayless, Topolobampo, Bayless, He's, –, We've, We're, Johnson —, Democratic Socialist Alliance —, Alderman Carlos Ramirez Rosa, Sam Toia, Rosa Organizations: U.S . Department of Labor, Chicago, Illinois Restaurant Association, City Council, Chicago's, Wrigley, Farm, Frontera Grill, Michelin, Covid, Bar, Frontera, Frontera Group, Democratic Socialist Alliance, Chicago Sun, Times, Times , Illinois Restaurant, CNBC, Sun Locations: downtown, Chicago, York, Covid, Lakeview, Evanston, Frontera, Johnson's, City, Times ,

☆ Julianne Moore’s Montauk Sanctuary
▼ + stars: | 2023-09-21 | by ( Nick Haramis | ) www.nytimes.com time to read: +34 min

— HANYA YANAGIHARASpeak Softly In a wild meadow by the sea, Julianne Moore and Bart Freundlich’s Montauk house uses just a few materials to say many things. In Moore’s office, a Pierre Jeanneret desk and chair, an Alvar Aalto stool and a Willy Van Der Meeren cabinet. In the oak-paneled living room of Justinian Kfoury’s apartment in a townhouse on Washington Square Park, an Audubon-style print and a Hans Wegner Papa Bear chair. A view of the double-height living room from the curved balcony on the third floor. A sculpture by Huma Bhabha and a configuration of five Isamu Noguchi L7 pendants in the landing that separates the primary suite from the living room.

Persons: it’s, Mishan, there’s, —, Julianne Moore, Bart Freundlich’s Montauk, Bart Freundlich’s, Moore, Tom Volk, Oliver Freundlich, Anne’s, Pierre Jeanneret, Alvar Aalto, Willy Van Der, Ori Gersht, she’s, ” It’s, ”, “, Bart Freundlich, Tomas Maier, Bottega, Andrew Geller, Norman Jaffe, Freundlich, ” Moore, Moore’s, Liv, Caleb, Robert Gurr, Isamu Noguchi, Pierre, Noguchi, Alma Allen, Joseph Dirand, Oliver, “ I’m, ” Oliver, grins, MOORE, Anne Love Smith, Massimiliano Locatelli, Daniel Romualdez, Vincent Van Duysen, Charlotte Perriand, Pierre Chapo, Willy Van Der Meeren, Friedrich Kunath, Mark Wilson, Donald Judd, Wilson, Mario Bellini, Karl Springer, Rogan Gregory, Nancy Pearce, Oscar, Alice ”, Alexander Calder, Andrea Zittel, JB Blunk, AFTRA, Hope, It’s, ‘ You’re, ’ ”, Justinian, Hans Wegner Papa Bear, Paavo, Marc Hundley, that’s, Adriana Lara, Nicholas Krushenick, Justinian Kfoury, downtowners, He’d, Trish Goff, Kfoury, Leonid Berman, Jelto ”, Tomma Abts, Paul Cadmus, Edith Wharton, Henry James, Paul van der, ” Kfoury, Joe Roberts, Mary Cameron Goodyear, Kfoury’s, He’s, Wolfgang Tillmans, they’d, Lorna Simpson, Misha Kahn, Michael Anastassiades, Glenn Ligon’s, Frank Bowling, Piet Hein Eek, Miriam Cahn, Paul Pfeiffer’s, Leah Panlilio, Tal Schori, Rustam Mehta, Adam Pogue, Constantino Buccolieri, Michael Kirkland, Cy Twombly’s, Ho, Huma Bhabha, Nairy Baghramian, Coco Fusco, Robert Vinas Jr, Duro Olowu, Mark Ellison, Adam Marelli, Bob Chan, Isamu Noguchi Akari, Danh Vo, Nairy, ‘, Laura Mac Donald, Theaster Gates, Frank Lloyd, Kirkland, Ettore, Parsons, Jasper Johns, Merce Cunningham Organizations: Manhattan’s, Yorkers, that’s, Hamptons, WHO, Writers Guild of America, SAG, “, Audubon, Washington, East Village, brac, AS, Fifth, Fort Standard, GRT Architects, Architects, Walt Disney Concert Hall, Soane Britain Locations: New York, Paris, London, Rome , New York, It’s, Washington, Manhattan, Harlem, Montauk, American, Chinatown, York, N.Y, Summerhill, Long, Fort Pond, New York City, Pond, North Carolina, Morentz, Scottish, Japanese American, Belgian, East Hampton, Japan, “, California, Swiss, New York’s Washington, Kennebunkport, England, East, Boston, Lebanon, Maine, Vermont, Venice, Moroccan, North, Kfoury’s, New York’s Harlem, Westchester County, Brooklyn, Italian, Finnish, Rome, Los Angeles, Korean, Berlin, Iranian, Chicago

☆ Inside the Elaborate, Enviable Design of Three New York Homes
▼ + stars: | 2023-09-21 | by ( ) www.nytimes.com time to read: +34 min

If You Can Make It Here Great design for a great city (New York, of course — where else?) In the oak-paneled living room of Justinian Kfoury’s apartment in a townhouse on Washington Square Park, an Audubon-style print and a Hans Wegner Papa Bear chair. “She was eccentric, grand, but not afraid of making weird decisions about design.” In the living room, a 1975 Leonid Berman painting of the Venice Lagoon hangs between the French doors. A view of the double-height living room from the curved balcony on the third floor. A sculpture by Huma Bhabha and a configuration of five Isamu Noguchi L7 pendants in the landing that separates the primary suite from the living room.

Persons: it’s, Mishan, there’s, —, Justinian, Hans Wegner Papa Bear, Paavo, Marc Hundley, that’s, Adriana Lara, Nicholas Krushenick, ”, Justinian Kfoury, downtowners, He’d, Trish Goff, Kfoury, “, Leonid Berman, Jelto ”, Tomma Abts, Paul Cadmus, Edith Wharton, Henry James, Paul van der, ” Kfoury, Joe Roberts, Mary Cameron Goodyear, Kfoury’s, He’s, Wolfgang Tillmans, they’d, It’s, Lorna Simpson, Mario Bellini, Misha Kahn, Michael Anastassiades, Glenn Ligon’s, Frank Bowling, Piet Hein Eek, Miriam Cahn, Paul Pfeiffer’s, Leah Panlilio, Tal Schori, Rustam Mehta, Adam Pogue, Constantino Buccolieri, Michael Kirkland, Alvar Aalto, Cy Twombly’s, Ho, Huma Bhabha, Isamu Noguchi, Nairy Baghramian, Coco Fusco, Robert Vinas Jr, Duro Olowu, Mark Ellison, Adam Marelli, Bob Chan, Isamu Noguchi Akari, Danh Vo, Nairy, ‘, Laura Mac Donald, Theaster Gates, Frank Lloyd, Kirkland, Ettore, Parsons, Jasper Johns, Merce Cunningham, Julianne Moore, Bart Freundlich’s Montauk, Bart Freundlich’s, Moore, Tom Volk, Oliver Freundlich, Anne’s, Pierre Jeanneret, Willy Van Der, Ori Gersht, she’s, ” It’s, Bart Freundlich, Tomas Maier, Bottega, Andrew Geller, Norman Jaffe, Freundlich, ” Moore, Moore’s, Liv, Caleb, Robert Gurr, Pierre, Noguchi, Alma Allen, Joseph Dirand, Oliver, “ I’m, ” Oliver, grins, MOORE, Anne Love Smith, Massimiliano Locatelli, Daniel Romualdez, Vincent Van Duysen, Charlotte Perriand, Pierre Chapo, Willy Van Der Meeren, Friedrich Kunath, Mark Wilson, Donald Judd, Wilson, Karl Springer, Rogan Gregory, Nancy Pearce, Oscar, Alice ”, Alexander Calder, Andrea Zittel, JB Blunk, AFTRA, Hope, ‘ You’re, ’ ” Organizations: Manhattan’s, Yorkers, that’s, Audubon, Washington, East Village, brac, AS, Fifth, Fort Standard, GRT Architects, Architects, Walt Disney Concert Hall, Soane Britain, Hamptons, WHO, Writers Guild of America, SAG, “ Locations: New York, Paris, London, Rome , New York, It’s, Washington, Manhattan, Harlem, Montauk, American, Chinatown, York, New York’s Washington, Kennebunkport, England, East, Boston, Lebanon, Maine, Vermont, Venice, Moroccan, North, Kfoury’s, New York’s Harlem, Westchester County, N.Y, Brooklyn, Italian, Finnish, Rome, Los Angeles, Korean, Berlin, Iranian, Chicago, North Carolina, California, Summerhill, Long, Fort Pond, New York City, Pond, Morentz, Scottish, Japanese American, Belgian, East Hampton, Japan, “, Swiss

Despite falling poll numbers and critical news coverage, Mayor Eric Adams clearly has the continued monetary support of two influential spheres of influence: real estate leaders and the donor class from New York City and beyond. Mr. Adams has raised $1.3 million since January for his 2025 re-election effort in the latest reporting period, drawing maximum $2,100 donations from real estate magnates like Marc Holliday, the chief executive of SL Green, the city’s largest commercial landlord, and its founder, Steve Green; and Alexander and Helena Durst, members of The Durst Organization real estate dynasty, according to new filings with the city’s Campaign Finance Board. About $550,000 came from donors outside New York City who live in the suburbs, Florida and other states — a continuation of a pattern displayed early in his tenure, when he held fund-raisers in Beverly Hills and Chicago in his first months in office. As mayor, Mr. Adams has often taken positions that benefit the real estate industry, including being supportive of rent increases and criticizing state lawmakers for failing to replace a tax-incentive program for developers known as 421a.

Persons: Eric Adams, Adams, Marc Holliday, Steve Green, Alexander, Helena Durst Organizations: SL Green, Organization, city’s Campaign Locations: New York City, Florida, Beverly Hills, Chicago

☆ The battle over short-term rentals is heating up in Montana. 4 locals share which side they're on and why.
▼ + stars: | 2023-06-23 | by ( Dan Latu | ) www.businessinsider.com time to read: +9 min

The number of short-term rentals in Bozeman, Montana, nearly doubled between 2020 and 2023. The number of short-term rentals in town nearly doubled during the pandemic, according to analytics site AirDNA. Finegan said banning short-term rentals is "one of the most impactful things in our control" to create more affordable housing for locals. He dismissed banning short-term rentals because of rowdy or unclean guests, calling those arguments a "red herring" often drawn up against hosts. Larsen said she would support a ban on whole-home short-term rentals.

Persons: —, Bozeman, Benjamin Finegan, Finegan, Angas Reid, Michael Rutkowksi, Rutkowski, he's, Jason Ridgway, Ridgway, it's, Reid, there's, Angas Reid Ridgway, Wynona Larsen, Larsen, " Larsen, she'll, she's Organizations: Service, Time Magazine, Bozeman Tenants United, Bozeman, Walmart Locations: Bozeman , Montana, Bozeman, Aspen, Atlanta , U.S, Airbnb, Paradise, Montana, Livingston , Montana, Livingston

☆ Airbnb has descended on America's small cities. Now locals must decide how to contain it.
▼ + stars: | 2023-04-24 | by ( Dan Latu | ) www.businessinsider.com time to read: +11 min

In cities both small and large, some locals are calling out short-term rentals for making housing more expensive. The same question is perplexing local governments and fueling impassioned locals to weigh in: What should we do about Airbnb-style, short-term rentals? Jacob Boomsma/Getty ImagesFor Bozeman Tenants United, it's simple math: Bozeman homes should be occupied by Bozeman residents first, before out-of-towners. Formed in 2020, Bozeman Tenants United surveyed Bozeman residents on the most pressing issues in local housing and landed on short-term rentals. Fire Thunder said the increase of short-term rentals and vacation-owned properties is just one harbinger of a concerning trend.

☆ As fans roll in, Arizona hosts embrace super-sized Super Bowl stakes
▼ + stars: | 2023-02-04 | by ( Amy Tennery | ) www.reuters.com time to read: +3 min

Feb 4 (Reuters) - A mega-watt spotlight falls on Arizona on Monday as a week-long celebration of the National Football League's title game will prove the ultimate test for the Super Bowl hosts. "Everything from liquor licenses to bus service is impacted by the Super Bowl, so we've been working since the day we earned the bid to be ready," Phoenix Mayor Kate Gallego told Reuters. "We weren't very well positioned to leverage the benefit of the Super Bowl in 2015," said Glendale City Manager Kevin Phelps. "We're (at) about $4 million of Glendale money to help make the Super Bowl come to reality. "From 2015 and Super Bowl 49, we had a very good blueprint of how we effectively hosted Super Bowl," said Jay Parry, the Arizona Super Bowl host committee president and CEO.

☆ 6 hotels near Glendale, Arizona, you can book right now for the 2023 Super Bowl, recommended by a local
▼ + stars: | 2023-01-27 | by ( Wendy Rose Gould | ) www.businessinsider.com time to read: +8 min

The 2023 Super Bowl will take place at State Farm Stadium in Glendale, Arizona. These six hotels have availability as of Friday and are located near the stadium. The 2023 Super Bowl will take place at State Farm Football Stadium in Glendale, Arizona. Book Comfort Suites Glendale - State Farm Stadium AreaScottsdale, Arizona, is around a 45-minute drive from Glendale. The hotel is about a 25-minute drive from State Farm Stadium.

☆ A married couple with a 47-unit real estate portfolio worth $19 million explain why the housing market is setting investors up for 'significant opportunities' in 2023 — and the top regions to buy in
▼ + stars: | 2023-01-01 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +7 min

Kenny Simpson and Krystle Moore have amassed a $19 million, 47-unit real estate portfolio. With a recession on the horizon, inflation remaining at decades-high levels, and rapidly climbing interest rates, the future of the real estate market heading into 2023 seems bleak. "I think the general theme of 2023 is going to be significant opportunities for people in real estate," Moore told Insider in a recent interview. A Fed pivot will also help stimulate the real estate market since the industry is highly sensitive to rates, boosting jobs in construction and lending. Finding emerging markets can be a goldmine for real estate investors, since these areas are oftentimes cheaper than their more established counterparts.

☆ House hunting this weekend? There's more out there now
▼ + stars: | 2022-11-04 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

After more than two years of a historically lean housing market, listings are starting to rise − and swiftly. It's not that sellers are rushing into the market; newly listed homes dropped 16% from a year ago, and pending listings are down 30%. A full 20% of listings now on Realtor.com have had a price cut − about twice the share as a year ago. Just over 60% of listings on Realtor.com in the third quarter of this year came from shoppers outside of a listing's area. There's also a takeaway for sellers in these areas – on a well-priced home, you could still see strong interest from these out-of-towners," added Hale.

☆ Want to fully embrace the work-from-home revolution and move to a new city? Here's how to pick the perfect place to work remotely
▼ + stars: | 2022-06-22 | by ( Justin Harlan | ) www.businessinsider.com time to read: +10 min

As up to 20 million Americans plan to relocate thanks to the flexibility of remote work, their answers shed some light on how to think about where you should live. Find a city that's investing in itselfWhat do most people want out of life? Find a city that's right for youHow did we get so many people to move to Tulsa? People looking to move should ask themselves a set of growth-related questions as well: Is that city you're eyeing the right size, or is it already too crowded? Justin Harlan is the managing director of Tulsa Remote.

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