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☆ The 10 most expensive ZIP codes in the South
▼ + stars: | 2022-12-25 | by ( Mike Winters | ) www.cnbc.com time to read: 1 min

The wealthiest neighborhood in the South is Fisher Island, an exclusive 216-acre island a couple miles off the coast of Miami — and it's only accessible by helicopter or by boat. With less than 400 residents, $90 million condos and an exclusive golf course, Fisher Island ranks first in terms of median home values, according to a recent analysis of ZIP codes by realty service RealtyHop. Homes here cost a median of $6.1 million — more than double the amount you'd pay for almost all of the homes in the rest of the top 10 most expensive ZIP codes in the South. That's followed by two other small, beachfront neighborhoods, including Sullivan's Island, South Carolina, near Charleston Harbor, and Anna Maria, Florida, near Tampa, which have homes closer to a median value of $3 million. Here's a look at the rankings.

☆ The 15 cheapest US cities in the US
▼ + stars: | 2022-12-24 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +3 min

Personal-finance company Kiplinger laid out the cities in the US with the lowest cost of living. Personal-finance company Kiplinger identified America's cheapest cities by calculating the living expenses — including prices for housing, groceries, transportation, healthcare, and miscellaneous goods and services — of 267 urban areas in the US that have a population of at least 50,000. According to their methodology, America's cheapest city is Harlingen, Texas, a small city of less than 72,000 people at the southern tip of Texas near the Mexican border. "People have been saying, 'I don't want to be in these big cities,'" he added. The other affordable cities on Kiplinger's list are largely in the South and the Midwest.

☆ Cramer's lightning round: I love Eagle Materials
▼ + stars: | 2022-12-23 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

Loading chart...Eagle Materials Inc : "I love Eagle Materials. Loading chart...Apple Inc : "I'm still urging people to own it, don't trade it, but I accept the fact that it's going lower before it goes higher." Loading chart...Cellebrite DI LTD : "I'm going to have to take a pass. Loading chart...SoFi Technologies Inc : "I think that SoFi, it's finally going to be [CEO] Anthony Noto's year. Disclaimer: Cramer's Charitable Trust owns shares of Apple.

☆ Net new store openings far outweigh store closures, says Kimco Realty CEO
▼ + stars: | 2022-12-22 | 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 EmailNet new store openings far outweigh store closures, says Kimco Realty CEOConor Flynn, Kimco Realty CEO, joins 'Power Lunch' to discuss what Kimco's tenants are telling Flynn about sales, Flynn's concerns about 2023 and more.

☆ Wall Street landlords who've stockpiled $110 billion are lying in wait for their biggest American home-buying spree yet
▼ + stars: | 2022-12-22 | by ( James Rodriguez | Daniel Geiger | ) www.businessinsider.com time to read: +11 min

Institutional investors have earmarked as much as $110 billion to buy or build single-family homes. Institutional investors now own about 3% of the roughly 20 million single-family-rental homes in the US, according to Roofstock, an online marketplace for single-family investment properties. That would be nearly 9% of the roughly 88 million single-family homes in the US, according to the Census Bureau's most recent statistics from 2020. Better deals expected in the years aheadThere are signs the institutional investors won't have to wait long to begin buying. That leaves between roughly $70 billion and $80 billion that could still flow into the sector.

☆ Cramer says he likes these technology and real-estate stocks for 2023
▼ + stars: | 2022-12-21 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +3 min

watch nowCNBC's Jim Cramer on Wednesday highlighted technology and real estate stocks he believes can perform well in 2023, following a dismal year for both sectors. Rising interest rates presented challenges for tech and real estate industries in 2022. Information technology is down 27% year to date, as of Wednesday's close, while real estate has fallen 28.4% over the same stretch. Real estate picks for 2023Loading chart...Cramer said he likes Realty Income because its top retail tenants — such as Dollar General, Walgreens and 7-Eleven — have businesses that can hold up during a potential recession. While shares of Federal Realty have fallen around 25% in 2022, Cramer said the stock has been a solid long-term performer.

☆ The Latest Must-Have Kitchen Staple: A Pantry
▼ + stars: | 2022-12-15 | by ( Lia Picard | ) www.wsj.com time to read: 1 min

This week, The Wall Street Journal’s Mansion section is rolling out stories from our special food and wine issue. Be sure to read stories like this one on a white kitchen getting a natural makeover and this one on high-end homeowners tricking out rooms for their alcohol collections. In Atlanta, Will Letton’s listing has not one, but two spaces that function as pantries. One is technically a scullery (a sort of second kitchen with additional appliances and counter space) and the other is a butler’s pantry. Kitchen storage has always been at a premium, said Mr. Letton, an agent with Atlanta Fine Homes Sotheby’s International Realty, but the pandemic increased that need as people began to entertain in their homes.

☆ Venture Firm Fifth Wall Raises Record Real-Estate Startup Fund
▼ + stars: | 2022-12-14 | by ( Konrad Putzier | ) www.wsj.com time to read: 1 min

Fifth Wall partners Brendan Wallace and Sarah Liu with others on the roof terrace of the Fifth Wall headquarters in New York City. Fifth Wall Ventures Management LLC raised the largest-ever venture fund focused on real-estate technology companies, the company said, a sign that some major investors are still bullish on property startups despite this year’s surge in interest rates. The $866 million fund, which closed on Friday, will invest in both early- and late-stage startups. Annaly Capital Management Inc., Arbor Realty Trust Inc., CBRE Group Inc., Equity Residential and a number of other major real-estate companies invested in the fund.

☆ In Atlanta, Seeking a House With Ample Space Indoors and Out. Which Option Did He Choose?
▼ + stars: | 2022-12-08 | by ( Tariro Mzezewa | ) www.nytimes.com time to read: +2 min

When AJ Dewberry began his search for a new home in Atlanta, he knew what he wanted more than anything else was ample outdoor space. “Griffin is the country,” said Mr. Dewberry, 29, the founder and owner of Level 10 Repairs, a popular mobile-phone repair company in Atlanta. Email: thehunt@nytimes.com]A year later, with bank approval for a $680,000 loan and a smaller cash gift from his aunt, Mr. Dewberry started looking for land. For $500,000 to $600,000, Mr. Fleury said, a buyer could get a five- or six-bedroom townhouse or condominium. “The thing about Atlanta,” Mr. Fleury said, “is that it’s flexible that way.

☆ Here are Tuesday's biggest analyst calls: Tesla, Apple, JPMorgan Chase, GE, Starbucks, Costco & more
▼ + stars: | 2022-12-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Tuesday's biggest calls on Wall Street: UBS reiterates Apple as buy UBS said Apple's iPhone supply chain headwinds are abating. Cowen reiterates TJX Company as outperform Cowen said it's feeling more bullish on the stock after a series of recent management meetings. Piper Sandler reiterates Tesla as outperform Piper said reports of Tesla cutting production in China are mostly overdone. Bank of America reiterates Chipotle as buy Bank of America said the Mexican chain restaurant has "price elasticity." Oppenheimer upgrades General Electric to outperform from market perform Oppenheimer said it's starting to see strong execution from GE .

☆ Stocks making the biggest moves midday: Textron, Charter, Estee Lauder, Signet and more
▼ + stars: | 2022-12-06 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +4 min

Textron – Shares of Textron jumped 6% after the company won a U.S. Army contract that could be worth $70 billion to provide next-generation helicopters. Charter Communications – Charter Communications fell 5% after analysts at Citi added a negative catalyst watch to the company heading into its analyst day. Signet Jewelers – Shares of Signet Jewelers surged 18% after the company announced earnings results that beat Wall Street's expectations before the market open Tuesday. SVB Financial Group – Shares of SVB Financial slid nearly 4%, reaching a 52-week low earlier in the day. Semiconductor stocks – Semi stocks Advanced Micro Devices and Nvidia fell 4% and 3.1% respectively amid a broader selloff in the Nasdaq.

☆ Honolulu Spec House With 75 Feet of Beach Frontage Asks $26.995 Million
▼ + stars: | 2022-12-02 | by ( Sarah Paynter | ) www.wsj.com time to read: 1 min

A beachfront spec house in Hawaii is asking $26.995 million, making it one of the most expensive homes on the market in Honolulu, said listing agent Beth Chang of Coldwell Banker Realty. If it sells for the listing price, it would become the most expensive homes to trade on the MLS in the city of Honolulu, beating the $19.6 million sale of a neighboring home in March, said Ms. Chang.

☆ Jeffrey Epstein's 'sumptuous' 18-room apartment in Paris has been sold for more than $10 million, report says
▼ + stars: | 2022-12-02 | by ( Stephanie Stacey | ) www.businessinsider.com time to read: +3 min

Jeffrey Epstein's Paris apartment sold for $10.5 million to Bulgarian businessman Georgi Tuchev. The listing didn't mention the apartment's connection to the late convicted sex offender. Epstein's Franco-Brazilian butler told news site Franceinfo it also had a purpose-built massage room that "a great many women" visited. Following the financier's death — and numerous fresh allegations from French women — French authorities opened their own investigation into Epstein on August 23, 2019. In 2021, his New York townhouse sold for about $51 million, while his Palm Beach mansion went for $18 million.

☆ Florida homeowners got swindled by brokers who paid them a paltry sum in cash upfront for the rights to sell their properties for 40 years
▼ + stars: | 2022-12-02 | by ( Robert Davis | ) www.businessinsider.com time to read: +5 min

A Florida brokerage had offered homeowners upfront cash payments in exchange for exclusive rights to sell their property. Florida's attorney general alleges MV Realty's 40-year homeowner agreement is "deceptive" and "unconscionable." Roy Brightwell, 70, is one complainant that the Tampa Bay Times interviewed about his experience with MV Realty. The lawsuit claims that MV Realty's agreement is illegal under Florida law because it does not meet the statutory requirements for liens. When asked about the pending litigation, a spokesperson for MV Realty responded to Insider suggesting that the practice is perfectly legal.

☆ There is ‘enormous opportunity’ in REITs, if you choose wisely, says Gilman Hill’s Jenny Harrington
▼ + stars: | 2022-12-02 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Real estate investment trusts are having a bad year. Blackstone recently had to limit withdrawals from its retail real estate fund , BREIT, for November and December. "I don't think that you are doing yourself a service to make the broad-based statement, 'commercial real estate is bad.'" The time to get out of REITs, I would say, is when interest rates are going up," he said on "Halftime Report." The key to investing is to sort through the sector and choose wisely, Harrington added.

☆ Indian billionaire Adani’s firm wins bid to develop vast Mumbai slum
▼ + stars: | 2022-11-30 | by ( ) edition.cnn.com time to read: +2 min

The real estate unit of Indian billionaire Gautam Adani’s Adani Enterprises has won the right to redevelop India’s largest slum, Mumbai’s Dharavi neighborhood, with a 50 billion rupee ($612 million) bid, a state official said on Tuesday. Adani’s winning bid of 50 billion rupees was more than double that of real estate group DLF, which bid 20 billion rupees ($244.87 million), said SVR Srinivas, CEO of the Dharavi Redevelopment Project, a government enterprise in the western state of Maharashtra. There have been no major protests to date against the Dharavi redevelopment. The redevelopment of Dharavi will be the fourth project Adani Realty has taken on in Mumbai and the 24th across four cities, according to its website. A spokesperson for the Adani group did not respond to a request for comment on the Dharavi bid.

☆ A Massive Colorado Estate With Two Shooting Ranges and Its Own Ice-Cream Parlor Sells for $40 Million
▼ + stars: | 2022-11-29 | 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 roughly 450-acre Colorado estate with two shooting ranges, a cowboy-style saloon and an ice-cream parlor has sold for $40 million, according to listing agents Malia Cox Nobrega and Barbara Gardner Scrivens of LIV Sotheby’s International Realty.

Another group project, a $900 million port redevelopment in Kerala state, has been stalled for months by protesters. There have been no major protests to date against the Dharavi redevelopment. The redevelopment of Dharavi will be the fourth project Adani Realty has taken on in Mumbai and the 24th across four cities, according to its website. A spokesperson for the Adani group did not respond to a request for comment on the Dharavi bid. ($1 = 81.6750 Indian rupees)Reporting by Shilpa Jamkhandikar in Mumbai and Nandan Mandayam in Bengaluru; Editing by Conor HumphriesOur Standards: The Thomson Reuters Trust Principles.

☆ They Loved the Diversity of Oakland. Could They Find a House They Loved There, Too?
▼ + stars: | 2022-11-24 | by ( Mark Kreidler | ) www.nytimes.com time to read: +4 min

“The Seattle experience really solidified that thought for us, that this was something we all needed,” said Ms. Meredith, 43, an author and freelance writer. The younger Mr. Meredith spent his formative years in Jackson, Miss., and later did graduate work at the University of San Diego. “We loved the grittiness, the sunshine, and the diversity,” Ms. Meredith said. “Initially I think we were dumbstruck — awe-struck,” Ms. Meredith said. And they were willing to exhaust the Oakland market before they considered looking anywhere else.

☆ One of Wall Street's toughest shops isn't for the faint of heart. But the rewards are plenty for those who make it to the top.
▼ + stars: | 2022-11-18 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Apollo Global Management; Yahoo; Brightspeed; Legendary; Alyssa Powell/Insider1. That, in a nutshell, is life at Apollo Global Management. The firm works on a points system that could most easily be described as a profit-share system, Casey told me. In other news:France's Kylian Mbappe celebrates with the trophy after winning the World Cup REUTERS / Kai Pfaffenbach2. You're not just watching the World Cup.

☆ What Could 20 Years’ of Savings Buy on the West Side? Two Longtime Renters Found Out.
▼ + stars: | 2022-11-17 | by ( Debra Kamin | ) www.nytimes.com time to read: +3 min

Mr. Robbins, an artist and photography professor, craved space for an at-home studio. Ms. Fulwiler, a self-employed development consultant, wanted an office she could call her own. Email: thehunt@nytimes.com]“By New York City standards, it was a very large apartment,” said Ms. Fulwiler, 56. “We looked and looked and looked a bit more,” said Mr. Robbins, 61, who grew up in San Francisco in one of the city’s classic Victorian townhomes. condos across the Upper West Side.

☆ JPMorgan is about to spend $1 billion on hundreds of rental homes across the US on the way to becoming a megalandlord
▼ + stars: | 2022-11-17 | by ( Robert Davis | ) www.businessinsider.com time to read: +4 min

Haven Realty Capital and JPMorgan Chase's asset management arm said they will invest up to $1 billion to develop build-to-rent single-family homes across the country, according to a November 15 announcement. It refers to a process where developers construct an entire community of typically detached single-family homes that are later rented out by an operating partner. The trend gained steam during the COVID-19 pandemic as demand for single-family homes and suburban living skyrocketed. Institutional investors like Fundrise as well as pension funds, and public companies have been steadily acquiring single-family homes to rent for a profit. He told Insider in early November that the build-to-rent trend is a "useful response to the market's needs."

☆ Focus real estate investments on what's competitive in a post-Covid world, says RXR's Scott Rechler
▼ + stars: | 2022-11-16 | 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 EmailFocus real estate investments on what's competitive in a post-Covid world, says RXR's Scott RechlerScott Rechler, CEO and chairman of RXR Realty, joins 'Squawk on the Street' to discuss real estate demands for businesses returning to in-person work, the impact of layoffs and office demand, and the growth potential for real estate developments.

☆ Real-estate tech firms are getting hammered by a cataclysmic reckoning that one VC called a cross between the 2001 dot-com bust and the 2008 market crash
▼ + stars: | 2022-11-16 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +10 min

The proptech sector is battling two challenges at once: a slowing housing market and a tech bust. For almost a decade, a growing group of companies have thrived by introducing tech innovations to a stubbornly analog real-estate industry. "Now we're seeing something that feels like a confluence between the 2001 dot-com bust in the venture-capital world and the 2008 market crash in real estate. Shares of both Opendoor and Redfin, which once drew investor attention to the soaring proptech industry, are worth roughly one-tenth what where they were a year ago. The company hasn't laid off any of its 300-person staff — including a roughly 50-person tech team — and doesn't plan to, Matthews said.

☆ What Cramer is watching Friday — Day 2 rally, China eases more Covid rules, Intel double downgrade
▼ + stars: | 2022-11-11 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

I see Club holding Estee Lauder (EL) as a buy on China starting to ease pandemic restrictions. Club holding Nvidia (NVDA) reports its quarter next week, and there seems to be a conclusion to the glut in semiconductors. JPMorgan double downgraded Intel (INTC) to underweight from overweight (sell from buy) and cuts its price target in half to $32 per share. Citi cuts price target on Palantir (PLTR) to $5 per share from $6 on slowing growth. Mizuho cuts price target on Kimco Realty (KIM) to $22 per share from $25.

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