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☆ Finding That Hudson Valley Gem for About $500,000: Which House Would You Choose?
▼ + stars: | 2023-05-04 | by ( Karen Angel | ) www.nytimes.com time to read: +2 min

Ms. Burk still works in Manhattan as a freelance photo stylist for clients like Tory Burch and Coach, but plans to focus entirely on Lotus when she turns 50 in August. “We fell in love with the area,” said Mr. Burk, who began rock-climbing near the local lakes 15 years ago. Email: thehunt@nytimes.com]His retirement thrust the couple into a Hudson Valley house search just as a stream of New Yorkers fleeing the city created fierce competition. Mr. Burk picked up construction skills while working for a plumber when he was in high school and later developed those skills by flipping houses, and Ms. Burk has a background in design. “We were always drawn to ugly-duckling houses,” Ms. Burk said.

The conglomerate reported adjusted first-quarter earnings of $2.07 per share on revenues of $8.86 billion. Southwest Airlines — The airline company's shares slipped 3.4% following a wider-than-expected loss for the first quarter. The pharmaceutical company posted adjusted earnings per share of $2.46, while analysts had estimated $2.51, according to StreetAccount. United Rentals — Shares fell 5.7% after the company's first-quarter earnings came in below expectations. CBRE — Shares of the real estate group soared 8.8% after CBRE's first-quarter earnings announcement buoyed investor sentiment.

☆ Vonovia to sell 1 bln eur stake in residential portfolio to Apollo
▼ + stars: | 2023-04-26 | by ( ) www.reuters.com time to read: +1 min

BERLIN, April 26 (Reuters) - Vonovia (VNAn.DE) has agreed to sell a minority stake in its Suedewo residential portfolio to U.S. investor Apollo for 1 billion euros ($1.10 billion), Germany's largest real estate group said on Thursday. The transaction could have a signal effect on the struggling German real estate market, where hardly any major sales have occurred in recent months in the face of high interest rates and falling real estate prices. The transaction values the Suedewo portfolio in the southwestern state of Baden-Wuerttemberg at 3.3 billion euros, which is a discount of less than 5% to Suedewo's fair value as of December 31, Vonovia said. With the proceeds, Vonovia will generate around half of the targeted 2 billion euros in free cash flow from asset sales. To secure access to capital amidst the property market crisis, the group earmarked properties worth 13 billion euros for sale in the summer.

☆ This startup helps early-stage forestry projects get funded. Check out the 14-slide pitch deck carbon credit marketplace Xilva used to raise $2 million.
▼ + stars: | 2023-04-12 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

Zurich-based Xilva helps early-stage forestry projects access the capital they need to scale up. The startup has developed its own propriety vetting process to help build trust in the carbon market. A startup helping forestry projects access capital has just raised 1.8 million euros in fresh funds. The voluntary carbon market, where carbon credits are bought and sold, has been plagued by quality issues. Check out the 14-slide pitch deck Xilva used to raise the funds below:

Christopher Willard | Walt Disney Television | Getty ImagesOn the advantage of being an underdog: I grew my business in a man's world. There were no businesses in New York City, especially in real estate, that were owned by women. There weren't any women role models, and the men weren't very forthcoming [with advice]. When I was just starting out, I went to a community business event and none of the men would even talk to me. On why she likes to partner with women in business: Women are more willing to listen [than men], and they're not as cocky they'll be an instant success.

☆ Factbox: Chinese business tycoons, executives who disappeared from public view
▼ + stars: | 2023-02-21 | by ( ) www.reuters.com time to read: +5 min

Following is a list of some other high-profile Chinese executives who have abruptly gone missing from public view in recent years. Three months later, On Nov. 27, the company said Yang had resumed his duties after assisting an investigation in China. Shares and bonds related to CEFC China Energy plunged on the news, which was first reported by Chinese magazine Caixin. Chinese financial regulators in 2020 took over brokerages, trust companies and insurers linked to the group. Reporting by Brenda Goh and Xie Yu; Editing by Sumeet Chatterjee and Sonali PaulOur Standards: The Thomson Reuters Trust Principles.

☆ A 'pause and pop' rally will push stocks higher throughout 2023 as the Fed backs off aggressive policy, CFRA says
▼ + stars: | 2023-01-30 | by ( Carla Mozée | ) www.businessinsider.com time to read: +2 min

Stocks look ready for a 'pause and pop' between when the Fed pauses rate hikes and starts cutting, CFRA said. CFRA said the Fed may make its final rate hike of this cycle at the upcoming February 1 meeting. "Historically, the FOMC has started a new rate-easing cycle an average of nine months after the last rate hike. The nine-month gap between a Fed pause in rate hikes and the first interest rate cut usually results in a gain for the S&P 1500 index, he said. Stovall said CFRA apparently not alone in thinking the Fed is on the verge of pausing rate hikes, outpointing the S&P 500's nearly 5% rise since the start of 2023.

☆ Real estate agents say they can’t imagine working without ChatGPT now
▼ + stars: | 2023-01-28 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +7 min

This made it so much easier.”Johannes is among the real estate agents experimenting with ChatGPT since it was released publicly in late November. Miami real estate broker Andres Asion. Serge Reda, a commercial real estate executive and adjunct professor at the Fordham Real Estate Institute, said some use cases for ChatGPT are better than others. While ChatGPT has generated a wave of interest among realtors, incorporating artificial intelligence in the real estate market isn’t entirely new. Although it’s too early to say if the tool will become a mainstay in real estate, realtor Johannes believes AI in general will transform his industry and others.

☆ Why Egypt is asking its people to eat chicken feet
▼ + stars: | 2023-01-18 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +17 min

Abu Dhabi CNN —Egypt’s economic situation is so dire that the government is asking people to eat chicken feet. In Egypt, chicken feet are seen as the cheapest of meat items, considered by most as animal waste rather than food. After the recommendation to switch to chicken feet, the price of one kilogram of the product reportedly doubled to 20 Egyptian pounds ($0.67). But those firms don’t operate like private companies, enjoying special privileges without disclosing their financial data to the public. Experts have questioned why international creditors had not leveraged their loans to drive Egypt’s military out of the economy.

☆ 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.

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.

☆ UK housing market seen facing further 'mini-budget' fallout
▼ + stars: | 2022-11-28 | by ( Suban Abdulla | ) www.reuters.com time to read: +2 min

[1/2] Property estate agent sales and letting signs are seen outside an apartment building in Lichfield, Britain, May 3, 2022. REUTERS/Andrew Boyers/File PhotoLONDON, Nov 28 (Reuters) - British property market activity stalled in October and house price growth slowed to its lowest quarterly level since February 2020 due to a disastrous "mini-budget" and a cost-of-living crisis, a survey released on Monday showed. In annual terms, house price inflation slowed to 7.8%, with quarterly growth at 0.7%, the lowest rate since February 2020. Zoopla predicts British house price growth to head towards 0% and possibly enter negative territory next year. A separate survey published on Friday showed property demand has shifted from buying to renting amid financial uncertainty.

☆ Nearshoring represents 'a lifetime opportunity' to invest in Mexico, BofA says. How to play it
▼ + stars: | 2022-11-02 | by ( Fred Imbert | ) www.cnbc.com time to read: +5 min

This has already led to a manufacturing surge in Mexico and represents "a lifetime opportunity" to invest in Latin America's second-largest economy, according to Bank of America. "Nearshoring represents Mexico's best growth opportunity for the next 10 years and it is already occurring," Bank of America's Capistran said. The EWW is up 1.9% in 2022, easily outperforming the S & P 500. All five of those stocks are outperforming the S & P 500 this year, with FirstCash jumping nearly 30% and Sanmina popping 38%. PriceSmart and Ingredion are down 6.4% and 8.2%, respectively, in 2022, but that's still better than the S & P 500's 19% drop for the year.

☆ Europe's STOXX 600 falls for seventh day; U.S. CPI data eyed
▼ + stars: | 2022-10-13 | by ( Devik Jain | ) www.reuters.com time to read: +3 min

SummarySummary Companies U.S. CPI data due at 1230 GMTAroundtown slumps after Citi downgradeOct 13 (Reuters) - Europe's STOXX 600 index fell for a seventh day on Thursday, dragged by technology and real estate stocks, with investors focussed solely on U.S. inflation data due later in the day to gauge the Federal Reserve's rate-hike trajectory. The region-wide (.STOXX) index was down 0.5% by 0810 GMT, and on pace for its longest losing streak since early February 2018, if losses hold. All eyes are on U.S. CPI data due at 1230 GMT. "The effects of inflation and expected economic contractions on shoppers caution are expected to continue to weigh on consumer discretionary stocks, particularly retail, travel and hospitality," Streeter said. Norwegian aluminium producer Norsk Hydro (NHY.OL) jumped 5.6% after reports that the United States was weighing restricting imports of Russian aluminium.

☆ Moody's withdraws ratings of China's Evergrande and Kaisa
▼ + stars: | 2022-10-11 | by ( ) www.reuters.com time to read: 1 min

Oct 11 (Reuters) - Moody's on Tuesday said it withdrew the ratings of property developers China Evergrande Group (3333.HK) and Kaisa Group because of insufficient information. Moody's said it also withdrew its ratings on Evergrande's units - Hengda Real Estate Group Company Limited, Tianji Holding Limited and Scenery Journey Limited. Register now for FREE unlimited access to Reuters.com RegisterReporting by Jose Joseph in Bengaluru; Editing by Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.

☆ Renter activists crashed a DC landlords conference to protest 'corrupt greed' and rising rents
▼ + stars: | 2022-09-15 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +6 min

More than 100 protestors gathered at the National Multifamily Housing Council's annual fall conference. On Tuesday, more than 100 tenant activists ambushed a national gathering of corporate landlords to demand that "lawmakers stop opposing tenant protections at the behest of real estate groups and developers." Chanting "down with corrupt greed" and "no more rent increases" activists stormed the hotel's halls, interrupting conference sessions to air their grievances with the nation's top multifamily developers. In the capital city of each of these states, rents have climbed by 13% and 4% year over year, respectively. "Without rent control, whether it's national, state or local, we're prioritizing profits at the expense of renters," she said.

☆ Germans are taking more cold showers as Russia doubles down on energy cuts
▼ + stars: | 2022-09-08 | by ( Hannah Towey | ) www.businessinsider.com time to read: +4 min

German cities are implementing energy saving measures amid the threat of a Russia oil cutoff. Some residents are taking cold showers and air-drying laundry as a result, local media reported. Prior to the Ukraine war, over half of Germany's gas came from Russia. Prior to the war, over half of Germany's natural gas came from Russia — now it's down to 35%. But officials fear extreme shortages may take place this winter if Russia cuts off its remaining oil supply to Europe in retaliation against Western sanctions.

☆ New Manhattan office leases for August highest since pre-pandemic: CBRE
▼ + stars: | 2022-09-06 | 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 EmailNew Manhattan office leases for August highest since pre-pandemic: CBREA new report from the commercial real estate group CBRE showed Manhattan office leasing for the month of August hit its highest level since before the pandemic. CNBC's 'Squawk on the Street' team breaks down the details.

☆ The Oppenheim twins from 'Selling Sunset' say you should hold on to a home for 10 years if you want to make money
▼ + stars: | 2022-05-14 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +5 min

Brett and Jason Oppenheim are stars of "Selling Sunset" and owners of the show's real estate group. A post shared by The Oppenheim Group (@theoppenheimgroup)Look for 'hidden value' and ignore 'staging'Brett and Jason always look for hidden value in a listing. It's almost impossible to lose money in real estate if you can hold it for 10 years, according to Jason. "The only time you get hurt in real estate is if you're in a situation where you're forced to sell," Jason said. "If you are financially capable of holding the real estate through a downturn you will inevitably, at some point, have financial success with your asset."

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