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☆ A family transformed a 1930s schoolhouse into an adorable cottage with an original cloakroom and chalkboard — see inside
▼ + stars: | 2023-05-30 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: 1 min

In 2021, the Hallett family paid $70,000 for a schoolhouse in upstate New York, near the scenic Finger Lakes region. The schoolhouse after its renovation. Livingston Begy for Empire Realty GroupThe schoolhouse is in Springwater, New York, according to the Realtor.com listing and blog post, which is a rural town that's a 45-minute drive south of Rochester and a 90-minute drive southeast of Buffalo.

☆ Cramer's Lightning Round: Vornado is a buy
▼ + stars: | 2023-05-25 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Zscaler's year-to-date stock performance. Stock Chart Icon Stock chart icon Iovance Biotherapeutics' year-to-date stock performance. Stock Chart Icon Stock chart icon Lucid Group's year-to-date stock performance. Stock Chart Icon Stock chart icon Navigator Holdings' year-to-date stock performance. Stock Chart Icon Stock chart icon Schrodinger's year-to-date stock performance.

Persons: Iovance Biotherapeutics, Iovance Organizations: Palo Alto Networks, Holdings, Navigator Holdings, Vornado Realty Locations: New York

☆ 5 red flags to look out for when working with a real-estate agent, according to experts
▼ + stars: | 2023-05-23 | by ( Elana Klein | ) www.businessinsider.com time to read: +5 min

From unclear fees to conflicts of interest, there are signs you should find a new real-estate agent. Keep an eye out for conflicts of interestClients singing documents with a real-estate agent. "In truth, it is the responsibility of the seller's agent to maximize the seller's return on investment. As a seller, your real-estate agent's availability to show your home to interested parties should be unbroken," she continued. "The commission paid to the real-estate agent is often a portion of the property's sales price.

☆ Nearly 75% of home purchases in a Bay Area city were made by LLCs or trusts. It's a trend among the wealthy.
▼ + stars: | 2023-05-21 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

The city near San Francisco is one of the richest areas of the country, on average. It's also part of a trend which has wealthy Americans creating trusts or LLCs to buy homes. It's also a prime example of a new trend among the country's wealthiest homebuyers, according to the Chronicle. On one block highlighted by the Chronicle's report, just two of the 12 homes are actually owned by individual people, with the rest owned by trusts, LLCs, or other kinds of corporations. "If someone sets up a trust, it's almost like a corporation that continues to live beyond the person," Michael Repka, CEO and managing broker for DeLeon Realty, told the San Francisco Chronicle.

☆ Take a look inside a $14 million penthouse in San Francisco's tallest residential building, which was sinking and tilting for years before it was fixed
▼ + stars: | 2023-05-21 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

A penthouse on the 60th floor of San Francisco's Millennium Tower has hit the market at $14 million. The building was famously sinking and tilting for years before construction began to fix the issue. The condo isn't located in just any building: It's in Millennium Tower. The Tower is known for being the city's tallest residential building, yes, but it's also famous for the fact that it was sinking and tilting for several years before construction began to remedy the issues. After years of structural recorrection, the building is now fully anchored to bedrock, according to Sotheby's International Realty, which is listing the property.

☆ Exclusive: Staff at top U.S. farm research center file complaint alleging unsafe work conditions
▼ + stars: | 2023-05-19 | by ( Leah Douglas | Thomson Reuters | Washington-Based Award-Winning Journalist Covering Agriculture | ) www.reuters.com time to read: +11 min

The Beltsville Agricultural Research Center (BARC) near Washington D.C. is the largest research facility owned by the U.S. Department of Agriculture (USDA) and has long been the flagship of U.S. farm research. “Our employees’ health and well-being is our top priority," a spokesperson at USDA’s Agricultural Research Service (ARS), which oversees BARC, told Reuters. STAFF CUTSFounded in 1910, the BARC facility spans nearly 7,000 acres in Prince George’s County, Maryland, near the nation’s capital. The unreliable conditions are affecting research outcomes, making it at times impossible to complete experiments or replicate their findings, said two research employees. On February 22, several BARC employees met with Thomas Shanower, the director of USDA’s Northeast Area, a division that oversees 15 research centers, including BARC.

☆ This startup uses generative AI to speed up the property-buying process. Check out the 14-slide pitch deck Orbital Witness used to raise $9 million.
▼ + stars: | 2023-05-19 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +3 min

Orbital Witness uses generative AI to speed up the due diligence process when buying properties. The London-based startup has raised $9 million in a round led by US property tech investor Parker89. A startup that uses generative AI to streamline the lengthy due diligence associated with buying property has raised $9 million in a round led by US investor Parker89. Amid a tougher funding environment, Pearce said that the team was still very specific about who they took money from and skewed towards property tech investors. The round was led by property tech investors Parker89, which has backed Properly, Flyhomes, and Orchard.

☆ Amazon is abandoning several of its Fresh stores and seeking tenants to sublease them and one landlord is suing over rent
▼ + stars: | 2023-05-19 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Amazon is trying to sublease several planned Amazon Fresh stores in the Midwest. Amazon has opened fewer Fresh stores for months, but grocery remains a priority for the company. Amazon is also facing a lawsuit from its landlord at a planned Amazon Fresh location in Philadelphia, according to the Philadelphia Business Journal. Amazon has been slowing the pace of new Amazon Fresh store openings for the better part of a year. Do you work at an Amazon Fresh store and have a story idea to share?

☆ Office landlords are in store for retail redux
▼ + stars: | 2023-05-19 | by ( Jennifer Saba | ) www.reuters.com time to read: +3 min

NEW YORK, May 19 (Reuters Breakingviews) - Office landlords are in store for pain, but there’s a light at the end of the hallway. Though vacancy rates in the United States recently hit a 30-year high, owners of retail space – shopping malls and grocery stores – have shown that a bounce back is possible. A reset is in store, but the best office landlords can make it, too. But retail real estate, which includes everything from malls to shopping centers, went through its own misery. It might be a slog, as retail shows, but office could be in store for a redux.

☆ PGA star Justin Thomas is selling his 'starter' mansion and it's the ultimate bachelor pad
▼ + stars: | 2023-05-19 | by ( Cork Gaines | ) www.businessinsider.com time to read: +1 min

Justin Thomas and Tiger Woods are so close that Tiger considers JT part of his family. Thomas is selling his 'starter' house in Jupiter, Florida, the home of many top golfers, including Tiger. The $3.5 million house has everything a wealthy young bachelor would want in a house. The property, dubbed Thomas' "starter house" by Golf Digest, is on the market for $3.5 million just months after he got married, and is being listed by former golfer Johnny DelPrete of Douglas Elliman Realty. So it's no surprise that the house for sale is just three miles from Tiger's home on Jupiter Island.

☆ Take a tour of MLB legend David Ortiz's swanky $12.5 million mansion in Miami that could set a record for the area's most expensive home
▼ + stars: | 2023-05-11 | by ( Cork Gaines | ) www.businessinsider.com time to read: +1 min

David Ortiz is unloading his mansion in the ritzy Pinecrest area of Miami. The Red Sox legend is asking $12.5 million, which would be a record for the area. Loading Something is loading. The $12.5 million asking price would be a record for the area, according to Dirt.com. The previous high for Pinecrest was the $10.5 million paid for a house in 2022 by Tyler Herro of the Miami Heat.

☆ Bowery: 2023 CNBC Disruptor 50
▼ + stars: | 2023-05-09 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +3 min

Founded in 2015 in New York City, Bowery is among several urban plant factories that are changing food supplies, and attracting substantial funding. The need to grow produce more efficiently, and closer to end markets, is represented in Bowery and the concept of vertical agriculture. Early last year, Bowery secured a $150 million credit investment from KKR & Co. Overall, Bowery increased its retail distribution 40% in 2022, with supermarket chains Albertsons, Giant Food, Walmart and Whole Foods on board. Almost a decade on from its founding, the idea behind Bowery remains novel, but skeptics say vertical farming remains closer to a DIY niche than a grown up, globally scalable agtech industry.

☆ This house just got 25 offers. But, yes, the market is still cooling
▼ + stars: | 2023-05-09 | by ( Anna Bahney | ) edition.cnn.com time to read: +7 min

Within 48 hours the sellers were in contract with a buyer offering well over the asking price. Even though fewer people are buying homes now than a year ago, “we still have more buyers in the market than we have inventory. But it isn’t 2021, mortgage rates are now over 6%. In Rye, New York, she said, one property sold for $600,000 over the asking price. That home ultimately sold for $75,000 over the asking price.

☆ The trendiest thing that adds value to your home – and livens up your summer BBQ: a pizza oven
▼ + stars: | 2023-05-06 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +5 min

Pizza ovens tend to add more value to a home than they cost, with pricier models reaching $11,000. According to the report , having a pizza oven in your listing description can score you extra dough at selling time. Courtesy of the WatanabesThe desire for pizza, and pizza ovens at home, is only growing. Why pizza oven popularity is panning outKristi Jenkins, a Seattle-area broker for The Agency, showed her clients a $3.4 million home in Fall City, Washington — a 30-minute drive east of Seattle — with a large outdoor living space equipped with a Forno Bravo pizza oven. Douglas Elliman RealtyBianculli's pizza oven is a part of his kitchen and is connected to one of six fireplaces in the house.

☆ Morning Bid: Bank reverb frames Fed decision
▼ + stars: | 2023-05-03 | by ( ) www.reuters.com time to read: +5 min

While there was some minor repricing of Fed probabilities in the futures market, the latest bout of bank stock nerves is unlikely to change the Fed's course on its own. A White House economist on Tuesday said Fed rate hikes were having a negative impact on the banking sector. Signs of some loosening of a very tight labor market may also encourage the Fed that its rate hiking job is done after this week. Private sector job readings for April are due later today along with service sector surveys for the month. With the Fed in view alongside the debt ceiling crunch and bank stock retreat, longer-term Treasury bonds rallied.

☆ US regional bank stocks fall for second day as First Republic failure weighs
▼ + stars: | 2023-05-02 | by ( ) www.reuters.com time to read: +2 min

May 2 (Reuters) - Shares of major U.S. regional banks fell further on Tuesday in the aftermath of the collapse of First Republic Bank (FRC.N), the largest U.S. bank failure since the 2008 financial crisis. Investors are still concerned that the crisis started by the closure of Silicon Valley Bank and Signature Bank in March could engulf other mid-sized lenders. Shares of PacWest Bancorp (PACW.O) tumbled nearly 30%, while Western Alliance Bank (WAL.N) and KeyCorp (KEY.N) fell 21% and 10%, respectively. Some investors are also concerned about the long-term impact of the JPMorgan deal, which risks worsening the "too-big-to-fail" problem regulators have been trying to solve for years. Reporting by Niket Nishant and Jaiveer Singh Shekhawat in Bengaluru; Editing by Subhranshu SahuOur Standards: The Thomson Reuters Trust Principles.

☆ This real estate company helps developers pivot between hotel, short- and long-term living spaces. See the pitch deck behind its $65 million funding round.
▼ + stars: | 2023-05-01 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +3 min

Things have changed drastically in the world of real estate since the coronavirus upended life three years ago. It has also set up a real estate fund in the OpCo/PropCo model, for purchasing real estate on its own. "If you strip down the emotional piece of it, the most valuable real estate is real estate that has an increased cash flow and reduced volatility," Fudin said. The company is now betting on another post-COVID trend — the conversion of obsolete office buildings into other uses, such as housing. Placemakr recently announced a $65 million Series C, with capital raised from experienced proptech venture capital players Camber Creek and real estate investors like Bernstein Management Corporation.

☆ I'm a bear when it's called for, like in 2007. But this stock market belongs to the bulls
▼ + stars: | 2023-04-30 | by ( Jim Cramer | ) www.cnbc.com time to read: +9 min

I have not been bombarded with as many warnings about how we are about to embark upon a wave of failures of all sorts — shadow banks, regional banks, commercial real estate lenders, real estate investment trusts — at any time since 2007. Let's take commercial real estate. I mention SL Green because it may be the most challenged of the REITs, real estate investment trusts, other than Vornado Realty Trust (VNO), a historically fine New York real estate concern, which just delayed its dividend. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ A solid start to earnings season will be put to the test in the week ahead
▼ + stars: | 2023-04-29 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

The biggest week of this earnings season showed us that things aren't as bad as many feared. The week ahead of earnings, including several more Club names, should tell us more. The results are always important, but it's the guidance and management commentary we will really hone in on to better understand the path ahead. In Amazon's case, a solid first quarter for its AWS cloud business was overshadowed by management seeing a material slowdown in April. ET: Nonfarm Payrolls Looking back It was the biggest week of this earnings season for the Club as several of our mega-cap holdings and industry bellwethers reported results.

☆ Watch planes take off in Japan — from an onsen
▼ + stars: | 2023-04-28 | by ( Emi Jozuka | ) edition.cnn.com time to read: +4 min

Opened last December, the Hotel Villa Fontaine Premier & Grand Haneda Airport has 1,717 rooms and is directly connected to Haneda International Airport Terminal 3. Tokyo has also announced plans to receive up to 60 million overseas visitors to the country by 2030. And as inbound tourism recovers, Haneda – which has been crowned the world’s most punctual mega-airport – hopes to ride that wave. Developers want to expand those routes to greater swathes of Japan as part of broader plans to help revitalize the country’s regions, according to Katsuyuki Tou, general manager of the Haneda Airport Garden. Tou explained that visitors to the multipurpose complex can already get a taste of what Japan offers.

☆ For Aging Homeowners, Elevators Give Luxury Properties a Major Lift
▼ + stars: | 2023-04-27 | by ( Lia Picard | ) www.wsj.com time to read: +1 min

In 2020, Russell Franchi’s clients liked many features of a beach home in South Walton County, Fla., but it was missing one thing: an elevator. The clients, who had limited mobility, considered retrofitting an elevator, but ultimately walked away from the deal before finding a house that already had one installed. Kaitlind Meeks-Price, a sales representative of Delaware Elevator in Salisbury, Md., said that elevators are typically 3 feet by 4 feet, but she’s seen them go up to 15 square feet. A basic, three-stop elevator, including installation, typically starts around $32,000 to $35,000. When it comes to maintaining the lift, Ms. Meeks-Price suggests having it serviced at least once a year for the first five years.

☆ This style of dividend 'aristocrat' ETF could outperform going into a recession
▼ + stars: | 2023-04-27 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

As such, we recommend buying Dividend Aristocrats, which are companies that have a long track record of increasing dividends," Senyek said. Additionally, Dividend Aristocrats' outperformance has tended to persist during the initial stages of recoveries, which also tend to be highly uncertain environments," he added. One fund that tracks the group directly is the ProShares S & P 500 Dividend Aristocrats ETF (NOBL) . Those funds have a total return of 1.7%% and 3%, respectively, so far this year. Another similar product is the iShares Core Dividend ETF (DIVB) .

☆ These smaller stocks have nearly 30% upside, according to Barclays
▼ + stars: | 2023-04-26 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Although small-cap stocks have taken a hit in recent weeks, Barclays Capital has several picks in the sector that it expects to have significant upside. The following names show strong upside potential, with a median upside to price target of 28%. Powell has a price target of $24 on the REIT, which represents 52% upside from where shares closed on Tuesday. Barclays sees an upside of 37% for the stock since Tuesday's close. Retailer Dick's Sporting Goods , water management products manufacturer Advanced Drainage Systems and US Foods are companies Barclays expects to benefit from expanding margins through strong sales growth and declining costs.

☆ 'A massive record-breaker': A plot of sand the size of half a football field just sold for $34 million on a luxury Dubai island
▼ + stars: | 2023-04-24 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

A plot of sand in Dubai half the size of a football field sold for $34 million, per Bloomberg. The 24,500 sq ft plot — about half the size of a football field — is on Jumeirah Bay Island, a man-made island in the shape of a seahorse. Jumeirah Bay Island is man-made, like the World Islands and Palm Jumeirah. GooglePrices on Jumeirah Bay Island are so expensive because there were only 128 plots originally put on offer. By comparison, there are thousands of homes on the tree-shaped Palm Jumeirah island, and 300 in the World Islands archipelago.

☆ A $22 Million Private Island Vies to Become One of North Carolina’s Priciest Homes
▼ + stars: | 2023-04-21 | by ( Katherine Clarke | ) www.wsj.com time to read: 1 min

Be the first to know about the biggest and best luxury home sales and listings by signing up for our Mansion Deals email alert. A private island on North Carolina’s Lake Norman is coming on the market for $22 million. If it fetches that price, it will be one of the most expensive properties ever sold in the state, according to listing agents Jessica Grier and Ben Bowen of Premier Sotheby’s International Realty.

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