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☆ Influencers make being a landlord with lots of rental properties seem easy. But a real-estate investor with 482 units warns newbies to not scale up too quickly.
▼ + stars: | 2023-03-25 | by ( Aj Latrace | ) www.businessinsider.com time to read: +5 min

The prospect of easy money and equity lured people to invest in real estate between 2020 and now. Those who purchased rental properties in the last two years saw a windfall, a veteran investor said. But new landlords who follow landlord influencers on TikTok and Instagram extolling the merits of quick-scaling strategies could use a dose of reality, one veteran real-estate investor told Insider. It all means that investors still have to play it safe when looking at a new deal, Ainley said. They buy properties, fix them up, then refinance them to get out cash that they funnel into purchase the fixer-upper.

☆ Top 10 things to watch in the stock market Thursday: Stocks bounce, Ford EVs, Apple
▼ + stars: | 2023-03-23 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Marathon Oil (MRO) and Club holding Pioneer Natural Resources (PXD) catch upgrades at Citi. Club holding Ford (F) unveiled its new financial reporting structure ahead of Thursday's teach-in event. Club holding Apple (AAPL) increasing its commitment to sports and content? Coty (COTY) added to Piper Sandler's top ideas in beauty after analysts performed a round of checks in stores in Chicago plus recent company updates. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Buy these 6 stocks to bet on the AI boom and future-proof your portfolio, according to a senior analyst
▼ + stars: | 2023-03-22 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

"I don't think there's any denying that AI is going to be the future," Jankowski said. 6 AI stocks to buyJankowski answered his own question by sharing six AI-focused stocks he's bullish on. "I don't think people realize or fully appreciate the sheer amount of computing capability it requires to run these programs and run AI," Jankowski said. Lastly, chipmakers whose silicon powers data centers will be among the biggest beneficiaries of the AI boom, Jankowski said. "We're looking at semiconductor companies — companies that focus on data centers," Jankowski said.

☆ Home sales spike 14.5% in February as the median price drops for the first time in over a decade
▼ + stars: | 2023-03-21 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

These sales counts are based on closings, so the contracts were likely signed at the end of December and throughout January, when mortgage rates had fallen sharply. Sales of previously owned homes rose 14.5% in February compared with January, according to a seasonally adjusted count by the National Association of Realtors . The relative drop caused a jump in sales of newly built homes, before rates jumped back toward 7% in February. That lower median price could be a sign that homes on the more affordable end of the market are selling. At a recent open house in Cleveland, Ohio, home shopper Katie Berardi said higher mortgage rates have had an impact on what she and her husband can afford.

☆ Bed Bath & Beyond is closing hundreds of stores. But they won’t be empty for long
▼ + stars: | 2023-03-21 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +5 min

New York CNN —Bed Bath & Beyond is stripping down its big blue signs, clearing out aisles of linens and closing 400 stores as it tries to stave off bankruptcy. Bed Bath & Beyond (BBBY)’s real estate is a precious, scarce resource for retailers, gyms and anyone else who needs ample space. “A lot of great real estate is going to come available into a market where there’s been no vacancies. “Bed Bath and Beyond sites are interesting to us, and we are exploring available opportunities with our franchisees,” a spokesperson told CNN. He also believes Bed Bath & Beyond may not be able to avoid bankruptcy or liquidation, which would lead to more vacancies.

☆ RXR Realty CEO points out real estate's biggest problems
▼ + stars: | 2023-03-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRXR Realty CEO points out real estate's biggest problemsScott Rechler, CEO of RXR Realty, joins 'Squawk Box' to discuss the pressures in the commercial real estate market, why the real estate market was surprised by the higher rate environment, and more.

☆ A leading fund manager warns that regional banks could cause 'financial Armageddon' — unless the government makes 2 crucial moves immediately
▼ + stars: | 2023-03-19 | by ( James Faris | ) www.businessinsider.com time to read: +8 min

Financial stress stemming from Silicon Valley Bank's collapse could spread, a top fund manager said. But that in itself is becoming an under-the-radar issue, he noted, as large banks' strength is now coming at the expense of regional banks — even those without issues. Since most regional banks aren't classified as "systemically important," their clients would be out of luck in the event of a bank failure, Hatfield noted. Unless the FDIC insures all deposits at all banks, Hatfield said that there will be no reason to put money in a non-protected regional bank. So they'll have a negative interest margin, they'll lose money, they'll get downgraded, and they'll go out of business."

☆ Silicon Valley Bank imploded in a single day. It could just be the tip of the iceberg.
▼ + stars: | 2023-03-11 | by ( Matthew Fox | ) www.businessinsider.com time to read: +8 min

The Federal Reserve's prolonged period of low interest rates created many financial dislocations that are now flaring up. Case in point: Silicon Valley Bank imploded in a single day after surging interest rates caused it to sell a bond portfolio at a huge loss. The chaotic episode showed that the Fed's aggressive interest rate hiking regime could upend institutions that were once thought to be relatively stable. Since the Fed started raising interest rates in March 2021, bitcoin — formerly a highly touted inflation hedge — has plunged more than 65%. "Investors, smelling blood, then turn their attention to the next bank exposed to interest rate risk and specific credit risk, and then the next."

☆ Wall Street's starting to sweat about commercial real estate, but this REIT's worth watching
▼ + stars: | 2023-03-10 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWall Street's starting to sweat about commercial real estate, but this REIT's worth watchingMad Money host Jim Cramer talks to Sumit Roy, president and CEO of Realty Income, about his REIT, which owns more than 12,200 commercial properties.

☆ Florida Island Home With Gulf Views Lists for $25 Million
▼ + stars: | 2023-03-09 | by ( Sarah Paynter | ) 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 beachfront home on Florida’s Anna Maria Island is listing for $25 million. If it fetches its asking price, it would set a record for the affluent island, said listing agent Charles Buky of Coldwell Banker Realty.

☆ Keep an eye on banks, economic data, Jim Cramer says
▼ + stars: | 2023-03-09 | by ( Rohan Goswami | ) www.cnbc.com time to read: +1 min

Frothy markets and banking tumult cast a pallor over the broader markets, but investors should keep an eye on economic data and the Federal Reserve's continued rate hikes, CNBC's Jim Cramer said on Thursday. Sharp declines in Silvergate Bank and SVB Financial shares came as the broader banking sector underwent a major collapse, Cramer said. Cramer pinned the collapse on a victory from the Fed and a general flight from three different spaces: commercial real estate, venture slowdown and crypto. A flurry of downgrades prompted concern about a couple of big commercial real estate names, Cramer said, including SL Green and Vornado Realty Trust . Cooling and weaker numbers for those reports, respectively, could be a boon for financials and for tech stocks, Cramer said.

☆ Asheville Home Near the Biltmore Estate Sells for Record $9.6 Million
▼ + stars: | 2023-03-07 | by ( Sarah Paynter | ) 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 home on the outskirts of Asheville, N.C., has sold for $9.6 million, setting a record for the area, according to listing agent Sandi AuBuchon of Premier Sotheby’s International Realty.

[1/3] Sales representatives stand outside their kiosks inside a luxury residential project by Indian property developer DLF in Gurugram, India, February 28, 2023. Many people want to upgrade their homes after the COVID-19 pandemic confined them indoors, industry executives say. "I haven't seen such a mad rush in a decade," said Prashant Thakur, head of research at real estate consultant Anarock. Mercedes sold a record number of high-end cars in India last year and luxury goods are in high demand too. So far, around 160 people were invited for a viewing and 17 of 46 flats sold in the eight-storey project.

☆ Empire State Realty CEO: We offer buildings with amenities at a price point tenants really want
▼ + stars: | 2023-03-06 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEmpire State Realty CEO: We offer buildings with amenities at a price point tenants really wantAnthony Malkin, Empire State Realty Trust CEO, joins 'The Exchange' to discuss office space real estate and REITs.

☆ How's the return to office going? Just look at shares of one of the largest office REITs
▼ + stars: | 2023-03-03 | by ( Scott Schnipper | ) www.cnbc.com time to read: +3 min

Vornado says it owns 20 million square feet of office space plus 2.6 million square feet of street retail space in Manhattan alone, 3.7 million square feet at The Mart in Chicago and a controlling stake in almost 2 million square feet of office in San Francisco. But in the New York metropolitan area last week, the rate fell to 46.7% from 47.8% the week before, Kastle said. In San Francisco, the rate was even lower last week, at 43.9%, while in Chicago it was 49.4%. Maybe that's why Deutsche Bank analyst Derek Johnston ranked office REITs last out of eight REIT industry groups in a monthly review released on Tuesday. In January, subsector year-over-year cap rates climbed the most for office owners, he said, up 80 basis points, or 8/10ths of a percentage point.

☆ St. Louis-Area Estate With a Carwash Sells for $13 Million, Becoming One of Missouri’s Priciest Homes
▼ + stars: | 2023-03-01 | by ( Libertina Brandt | ) 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 St. Louis-area home with a carwash has sold for $13 million, making it one of the priciest sales ever recorded in Missouri, according to listing agent Stephanie Oliver of Dielmann Sotheby’s International Realty.

☆ Here are Wednesday's biggest analyst calls: Apple, Procter & Gamble, Tesla, Spotify, AbbVie & more
▼ + stars: | 2023-03-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Morgan Stanley upgrades Sarepta to overweight from equal weight Morgan Stanley said it's bullish on the company's gene therapy drug, SRP-9001. Morgan Stanley reiterates Rivian as overweight Morgan Stanley said it's standing by its overweight rating on the EV maker after its earnings report on Tuesday, but says it's now a show-me story. Morgan Stanley reiterates Eli Lilly as top pick Morgan Stanley said the stock is best-in-class and that it's bullish on its diabetes drug, Mounjaro. Morgan Stanley names JD.com a catalyst driven idea Morgan Stanley said it's bullish heading into the China e-commerce company's earnings on March 9. Morgan Stanley reiterates Microsoft as overweight Morgan Stanley said it's standing by shares of Microsoft.

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☆ New York Developer Pockets $11.6 Million After Selling His Billionaires’ Row Condo for 52% Gain
▼ + stars: | 2023-02-28 | by ( E.B. Solomont | ) 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. On Billionaires’ Row in New York, a condominium at Vornado Realty Trust’s 220 Central Park South has sold for $33.8 million, about 52% higher than its last sale price in 2019.

☆ A mystery buyer wanted an 800-square-foot trailer in the Hamptons so badly that they offered a staggering $3.75 million for it
▼ + stars: | 2023-02-23 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +4 min

A property in the Hamptons' famed Montauk Shores trailer park is poised to sell for $3.75 million. The current most expensive trailer in Montauk Shores sold for $1.85 million in 2022. Montauk Shores counts hedge-fund manager Dan Loeb and Vitamin Water cofounder Darius Bikoff as residents. If the $3.75 million deal goes through, it would beat the park's sales record by nearly $2 million — surpassing the record set by a $1.85 million sale in 2022. Gold currently reps another property in Montauk Shores, a neighboring trailer pictured here that's on the market for $2 million.

☆ We have a real estate portfolio that continually grows cash flow, says Federal Realty CEO Don Wood
▼ + stars: | 2023-02-22 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe have a real estate portfolio that continually grows cash flow, says Federal Realty CEO Don WoodMad Money host Jim Cramer looks at what investors should do with real estate investment trusts, including Federal Realty Investment Trust, a REIT that specializes in mixed-use properties. With Federal Realty CEO Don Wood.

☆ The growing number of distressed office buildings reflects a recognition by owners and lenders that the robust return to office they had hoped for isn't likely to materialize
▼ + stars: | 2023-02-22 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +5 min

Office owners like Brookfield, RXR, and Related are in the process of defaulting on office loans. Some of real estate's biggest names have defaulted on their office debt in recent weeks. The delinquency rate for office loans is only 1.83% now, according to Trepp, a firm that researches real-estate debt. Loans come dueOver this year and next year, 24% of commercial real estate loans will be coming due, many of them office loans, per Hendry. Office buildings, from the newest and shiniest Class A towers to the older and less-sexy Class B buildings, were a pretty safe investment, as long as they were in the right locales.

☆ These highly rated stocks offer strong dividends
▼ + stars: | 2023-02-21 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

As higher interest rates continue to weigh on markets, investors can pick out some highly-rated dividend stocks to bolster their portfolios. Dividend stocks can offer investors some stability during periods of volatility. Given this, we screened for highly-rated stocks that offer strong dividends, using Morningstar data. These names have a 5 star rating from Morningstar and boast a forward dividend yield of 3% or more. The gaming and consumer products company has dipped slightly this year, but has a 4.71% forward dividend yield.

☆ The Fed’s favorite inflation gauge will be the big market hurdle of next week
▼ + stars: | 2023-02-18 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Most important this week is Friday's core personal consumption expenditure (PCE) price index for January. In comparison, the consumer price index (CPI), released this past week, only tracks price changes over time. The market is expecting the core PCE price index to rise 0.4% monthly and 4.9% annually. In addition to the core PCE price index, we're going to be looking closely at the housing and utilities component. Lastly, the January producer price index came in hotter than expected, rising 0.7% from December versus expectations for 0.4% increase.

☆ 52 stores you once loved that don't exist anymore
▼ + stars: | 2023-02-18 | by ( Joey Hadden | Dominick Reuter | ) www.businessinsider.com time to read: 1 min

New York discount department store Century 21 — not to be confused with the realty group — closed its 13 stores after going bankrupt in 2020. The company says it is planning to reopen its flagship location in 2023 with a greater focus on e-commerce. Shoppers leave the Century 21 department store in New York on March 1, 2002. The store, located across the street from the site of the World Trade Center, reopened on February 28 after being closed since the September 11, 2001 attacks and undergoing a $10 million renovation. The reopening was hailed by city officials as a critical piece in the economic recovery of lower Manhattan.

☆ Some buildings post-pandemic are 'not going to be competitive as office buildings anymore' says RXR's Rechler
▼ + stars: | 2023-02-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSome buildings post-pandemic are 'not going to be competitive as office buildings anymore' says RXR's RechlerScott Rechler, CEO of RXR Realty, joins 'Squawk on the Street' to discuss his thoughts on return to work and his outlook for commercial real estate.

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