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☆ Rihanna spent $500,000 to rent an Arizona man’s house during Super Bowl week—it was enough to pay off 2 years of his mortgage
▼ + stars: | 2023-03-31 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

The home sits on about an acre of land in Paradise Valley, which is located between Phoenix and Scottsdale. A property management firm Malaspinas already worked with approached him with an offer of $500,000 to rent out his home for a week during Super Bowl LVII in February. "The last thing I am is a real estate baron," Malaspinas told The Wall Street Journal. The Grammy-award-winning singer used the Super Bowl to announce she is currently pregnant with her second child with her partner A$AP Rocky. The 2023 Super Bowl was the third most-watched television show in history, with an estimated 113 million people, according to CNBC.

☆ Jamie Dimon is riding to the rescue again. This time, he's poised to come out on top.
▼ + stars: | 2023-03-31 | by ( Carter Johnson | ) www.businessinsider.com time to read: +15 min

Why, then, has Dimon been so willing to swing back into action in the wake of Silicon Valley Bank's collapse? But it's starting to look like JPMorgan — and Dimon — will end up winners no matter how things turn out. In backstopping First Republic, JPMorgan helps a client and a bank that experts say would fit nicely into its business. By saving First Republic, JPMorgan also stands to gain goodwill from Silicon Valley startups, which are customers of the smaller bank. The paper also reported that regulators asked Dimon, Bank of America, and other banks to buy Silicon Valley Bank and pay out depositors over the insured limit.

☆ This $38 million LA palace — and many others — are in a rush to be sold this week to avoid millions in the new California 'Mansion Tax'
▼ + stars: | 2023-03-30 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +4 min

A new "mansion tax" approved by voters in November goes into effect April 1. LA voters approved Proposition ULA, commonly referred to as the "mansion tax," by a 58% to 42% margin. The Star Resort, lit up from the perspective of the 70-foot infinity pool. Yann Ippolito/Ikon AdvisorsThe Star Resort features a Kobe Bryant-themed half basketball court. Yann Ippolito/Ikon Advisors

☆ Mansion mayhem: New LA tax wreaks havoc among mansion-owners
▼ + stars: | 2023-03-30 | 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 EmailMansion mayhem: New LA tax wreaks havoc among mansion-ownersHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. Josh Altman, Bravo’s “Million Dollar Listing LA”, joins the show to discuss a new law in Los Angeles that's cause mansion owners to sell their homes.

☆ Los Angeles 'mansion tax' begins Saturday
▼ + stars: | 2023-03-30 | 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 EmailLos Angeles 'mansion tax' begins SaturdayCNBC's Robert Frank reports on a new transfer tax beginning April 1 in Los Angeles, California.

☆ Aspen Home Asks $41 Million—More Than Double What It Sold For in 2019
▼ + stars: | 2023-03-29 | 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. A slopeside home in Aspen, Colo., has hit the market for $41 million, more than double its 2019 purchase price of $17.35 million.

☆ I was the CEO of Arby's. I'm auctioning off my Texas mansion with a lowly $2.5 million starting bid because my wife and I are getting older and neither of us wants to live here alone.
▼ + stars: | 2023-03-29 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +5 min

Businessman Len Roberts, who served as CEO of Arby's and RadioShack, is auctioning his Texas estate. The 11,792-square-foot home in Fort Worth was built for hosting fundraisers and galas. Bidding starts on April 24 , with the starting bid at $2.5 million and a 10% buyer's premium. Even though the house is in Texas, it features traces of our early lives in ChicagoMy wife really built this home. Interluxe AuctionsWe orchestrated some of the biggest galas and charity events in Fort Worth, Texas, in this beautiful home.

☆ DeSantis' policies are controversial even among his supporters. They might come back to bite him, even in a primary
▼ + stars: | 2023-03-28 | by ( Madison Hall | ) www.businessinsider.com time to read: +7 min

DeSantis supporters revealed they were less inclined to vote for him after learning about his policies. Diving into the poll's results, 40% of all respondents — over 620 respondents — said they "definitely" or "might" vote for DeSantis. The pollster then asked respondents about eight of the policies that DeSantis has championed as governor, but didn't note the relation to DeSantis. Looking at the poll's crosstabs, however, and it appears that DeSantis supporters were less likely to vote for him after learning about his policies. DeSantis' signature achievements are unpopular amongst the massesDeSantis, along with the Florida legislature, hasn't shied away from unpopular policies in the past.

[1/4] Greek Prime Minister Kyriakos Mitsotakis leads a cabinet meeting at the Maximos Mansion in Athens, Greece, March 28, 2023. Mitsotakis's New Democracy Party has held a comfortable lead over opposition leftist Syriza since it came to power in 2019, opinion polls show, but a Feb. 28 rail disaster which killed 57 people has stirred public anger and seen that gap narrow. The rail disaster on the Athens-Thessaloniki route, Greece's deadliest on record, sparked mass protests over the safety shortcomings of an underfunded and poorly maintained network, the legacy of a decade-long financial crisis which ended in 2018. Mitsotakis said the 'painful and traumatic' experience of the rail disaster highlighted deficiencies the state still had. "On May 21, Greek citizens will choose if the country will continue to seek winning the bet of reforms".

☆ A 300-Year-Old Charleston Home Lists for $2.95 Million
▼ + stars: | 2023-03-27 | 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 roughly 300-year-old home, one of the oldest in Charleston, S.C., is listing for $2.95 million, said listing agent Mary Lou Wertz of Maison Real Estate.

☆ A man renovated his wife's crumbling childhood home into a dream property for his five kids and loved it so much he started flipping homes full-time. See inside.
▼ + stars: | 2023-03-26 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +2 min

Adam and Jessica Miller purchased Jessica's century-old childhood home for $565,000 in 2020. The Millers embarked on a $200,000 renovation to turn the rundown property into their family home. The project was so successful it launched Adam's career as a full-time home flipper. Jessica, 34, grew up on Union and returning to her childhood neighborhood was a lifelong dream. See how the Millers transformed the five-bedroom, three-bathroom home from a crumbling mansion to a dream property for their family of seven.

☆ Repo King Asks $39 Million for Waterfront Fort Lauderdale Home
▼ + stars: | 2023-03-24 | 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 waterfront home in Fort Lauderdale, Fla., with three boat docks is hitting the market for $39 million.

☆ This LA mansion is staring down an April 1 deadline before the seller loses millions
▼ + stars: | 2023-03-24 | by ( Ray Parisi | ) www.cnbc.com time to read: +8 min

EstateLuxShootTrying to unload an expensive mansion in the midst of a banking crisis with the LA real estate market softening and uncertainty looming large isn't exactly great timing. Feinberg, like all luxury mansion sellers in LA, is also contending with the new mansion tax approved by voters in November. Yann IppolitoFor homes priced between $5 million and $10 million, sellers will have to pay the city 4% of the total sale price. According to his calculations, all of those sellers combined would have racked up a mansion tax bill of almost $131 million. "When New York implemented the mansion tax in 2019, there was a surge in closings just short of the July 1 start date and a void of sales in the following months," he said.

☆ Peter Thiel's reported romantic partner was found dead in Miami. Police are investigating as possible suicide.
▼ + stars: | 2023-03-24 | by ( Jack Newsham | ) www.businessinsider.com time to read: +3 min

Jeff Thomas, a 35-year-old actor and model, was found dead in Miami in a possible suicide. Miami police view the case as a possible suicide and plan to interview Thiel, The Intercept said. The Intercept reported that Thomas and Thiel had been seen at each others' homes, including at raucous parties. "And he did, and so he didn't support Trump in 2020. Thomas said he had doubts about his relationship with Thiel, the Intercept reported, and the two were not living together.

☆ Inside the $38 million mansion the seller wants to unload before April 1
▼ + stars: | 2023-03-24 | by ( Ray Parisi | ) www.cnbc.com time to read: +1 min

The owner, who wants to sell before April 1, is prepared to lose millions on it. Here's why: He bought the home less than two years ago for $44 million, then tried to sell the house a year later for $48 million. But those potential losses go even higher on April 1 when the city of LA enacts a 5.5% mansion tax on all real estate deals over $10 million. If the residence doesn't sell soon that new tax will add a $2.1 million tax bill to the deal, which could bring the seller's losses to just over $8.1 million. And near the end of the tour Malka openly discusses the home's dramatic price cuts, and why he wants to get it sold before April Fool's Day.

☆ UBS' uber-rich clients don't want to share the wealth (managers)
▼ + stars: | 2023-03-23 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Among the key things to remember was reopening the steam room at exactly 3:30 p.m. after its cleaning. Hayley has all the details from rich clients as well as industry analysts about why this whole thing could spell disaster. It's still early days, but the UBS-Credit Suisse deal might be the best example of something that makes sense on paper, but doesn't work in reality. Read more about why UBS acquiring Credit Suisse could lead to more headaches than huge wins for the Swiss wealth behemoth. And since we're talking BBQ, I'm required to share the funniest tweet in the history of Twitter.

☆ Rockefeller Family Descendants Sell Historic Philadelphia-Area Estate for $24 Million
▼ + stars: | 2023-03-22 | 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 historic Philadelphia-area estate owned by descendants of the Rockefeller family of oil magnates has sold for $24 million, according to Zillow.

☆ A Massive, Nearly Century-Old New England Estate Lists for $18 Million
▼ + stars: | 2023-03-22 | 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. An estate in New England’s Cohasset Harbor that was once home to onetime Dow Jones & Co. owner and Barron’s magazine founder Clarence W. Barron, is coming on the market for $18 million.

☆ A Developer Wanted His Bel-Air Mansion to Stand Out. So He Added Some ‘Razzle-Dazzle.’
▼ + stars: | 2023-03-22 | 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 Bel-Air mansion boasting a Mayan pyramid-inspired outdoor playground with cascading water features is coming on the market for $35.68 million.

Video footage from a drone flying down a street in Antakya’s Old City, which is covered in rubble and surrounded by collapsed buildings. Called Saray Street by locals, this stretch was once lined with more than 70 shops, restaurants and other businesses. The destruction on Saray Street is a fraction of all that was lost in Old City. Video clip of Saray Street before the quakes, showing stores and patrons during the holiday season. Damaged or destroyed historic or cultural landmark Map showing the boundaries of Old City and labeling cultural landmarks that were damaged or destroyed.

☆ Nikki Haley's road to the White House will be difficult, but she has a key polling advantage her rivals lack.
▼ + stars: | 2023-03-22 | by ( John L. Dorman | ) www.businessinsider.com time to read: +11 min

Nikki Haley faces a number of challenges — namely Donald Trump — as she runs for the White House. But the former governor still has the potential to overcome her current standing as the Republican primary season heats up. And if it works, she could position herself as a forward-thinking leader who can move the GOP past the tumult of the 2020 presidential election. And in a mid-March Morning Consult poll, Haley's favorability among GOP voters sat at 47%, while only 16% had an unfavorable view of her; roughly 1 in 5 respondents said they were unfamiliar with the ex-governor. AP Photo/Alex BrandonA push to move beyond the 2020 electionSince November 2020, Trump has continued to question his election loss, alleging voter fraud despite no evidence of widespread malfeasance.

☆ Check out Taylor Swift's multimillion-dollar real estate portfolio, with houses from Nashville to Beverly Hills
▼ + stars: | 2023-03-22 | by ( Britney Nguyen | ) www.businessinsider.com time to read: 1 min

Swift bought the Beverly Hills mansion known as the Goldwyn Estate in 2015 for $25 million. MLS/Courtesy of TruliaThe property is now estimated to be worth $30 million, according to Zillow. Swift reportedly bought the estate through an LLC from the Goldwyn family. The mansion has six bedrooms, a tennis court, a whole apartment for guests, and a swimming pool. Sources: Property records, Insider, Zillow

☆ Pritzker Family Heir Buys John Lautner’s Garcia House for $12.5 Million
▼ + stars: | 2023-03-21 | 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. The Garcia House, a Los Angeles home designed in the early 1960s by the famed architect John Lautner that appeared in the 1989 movie “Lethal Weapon 2,” has sold for $12.5 million, just over two months after coming on the market for $16 million.

☆ Bernie Madoff’s Former Hamptons Home Sells for $14 Million
▼ + stars: | 2023-03-21 | 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. The former Hamptons home of late disgraced financier Bernie Madoff has sold for $14 million, according to the local Multiple Listing Service.

☆ It took a progressive Virginia suburb 8 years to let developers build apartments instead of single-family houses. It shows how hard it is to build middle-class housing in the US.
▼ + stars: | 2023-03-21 | by ( Eliza Relman | ) www.businessinsider.com time to read: +12 min

Arlington, Virginia, is finally set to pass a "missing middle" housing policy after years of debate. Arlington is just the latest community to address missing middle housing as a part of a broader national reckoning. Across the country, critics of increasing housing density in single family neighborhoods are disproportionately older, wealthier, white homeowners. Advocates of missing middle housing say there's a deep generational gap when it comes to housing density. Despite the massive effort it took to come to the verge of passing missing middle housing, Arlington officials predict change will be slow and limited.

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