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When James and Johanna Windon launched Buena Papa two years ago, they had just $18 in their bank account. Now, they bring in millions of dollars in annual revenue across three North Carolina restaurant locations, they said on Friday's episode of ABC's "Shark Tank" — during which they landed a $400,000 investment offer from millionaire entrepreneur Robert Herjavec. Despite no prior restaurant experience, the pair "invested our life savings [of] $40,000," leaving just $18 behind, James said. Mark Cuban opted out, citing the difficulty of simultaneously operating restaurant locations and overseeing any number of franchisees. That left Robert Herjavec, who offered the Windons $400,000 for 20% of Buena Papa.
Persons: James, Johanna Windon, Robert Herjavec, Johanna, we're, bootstrapping, They'd, haven't, Mark Cuban, Kevin O'Leary, Barbara Corcoran, Lori Greiner, Corcoran, Herjavec Organizations: Buena Papa, Colombian, Buena, CNBC, Global Locations: Carolina, Buena Papa —, Mexican, Puerto Rican, Raleigh, Colombia, Miami, French, Buena Papa, Raleigh , North Carolina, United States
Mortgage rates will stay high through 2024, dipping to just under 7% at year-end, Goldman Sachs forecasts. This will keep homeowners off the market, and the housing turnover rate will fall to its lowest since the 1990s. Higher rates will also mean more moderate price growth, with a 1.3% year-on-year rise expected in 2024. AdvertisementAdvertisementThough housing starts are usually sensitive to mortgage rates themselves, Goldman has previously found that this relationship weakens if homeowner vacancy rates are low. The below-trend level will follow an estimated 3.4% price increase for 2023 — though the current rate is higher, Goldman expects prices to turn negative into the year-end.
Persons: Goldman Sachs, , Goldman, multifamily, Barbara Corcoran Organizations: Service
Why now is actually a good time to buy a house
  + stars: | 2023-10-21 | by ( Jennifer Sor | ) www.businessinsider.com   time to read: +5 min
And yet, there's an argument to be made for getting in now if you can find something, even amid 20-year high mortgage rates and stubbornly high prices. Mortgage rates at 8% have sidelined a good portion of the competition. High mortgage rates are the new normalThat message doesn't appear to be getting through to prospective homebuyers, who have made themselves scarce as mortgage rates have continued their steady rise in 2023. AdvertisementAdvertisementFairweather sees mortgage rates staying where they are until the Fed begins to cut rates in mid-2024. That could cause mortgage rates to ease around 100 basis-points next year, dropping as low as 7%.
Persons: , Barbara Corcoran, don't, Lawrence Yun, Daryl Fairweather, Fairweather Organizations: Service, Corcoran, National Association of Realtors, Federal Reserve
Matt Higgins' "number one" piece of advice for finding a highly successful mentor: Don't ask anyone to mentor you. The "Shark Tank" investor and RSE Ventures CEO doesn't like it when people cold-message him with mentorship requests, he said during Tuesday's CNBC Make It: Your Money virtual event. You could ask Higgins, for example: "I heard on 'Shark Tank' that you struggle with impostor syndrome. Putting ego aside and asking for help isn't embarrassing, Higgins said. Higgins isn't the only "Shark Tank" star to weigh in on the value of mentorship.
Persons: Matt Higgins, Mentorships, Higgins, wasn't, he's, Mark Cuban, I've, John, Barbara Corcoran Organizations: RSE, CNBC, Global Locations: They're
From Palm Beach to Miami Beach, luxury home prices in Florida's richest enclaves are reaching new records as billionaires and millionaires continue to buy up property. The average price per square foot of homes sold in Palm Beach reached $4,554, more than 2.5 times more expensive than Manhattan. "The prices are mind-blowing," said Chris Leavitt, a top Palm Beach broker with Douglas Elliman. Miami Beach has also seen a spike in prices from wealthy buyers — especially billionaires. "Both Palm Beach and Miami Beach are disconnected from the interest rate trend."
Persons: Douglas Elliman, Miller Samuel, Chris Leavitt, Jonathan Miller, Leavitt, James Tigani, Harvey Jones, Tommy Hilfiger, Michael Cantanucci, Corcoran, Eric Schmidt, Ken Griffin, Alex Rodriguez, Griffin, Jeff Bezos, Tom Brady Organizations: Palm, Tech, Brokers, National Football League, CNBC Locations: Palm Beach, Miami Beach, Manhattan, New York , New Jersey, California, Florida, Miami
On Friday's episode, that kid was Gavin Batarse, an avid baseball player and the CEO of Glove Wrap. "Just place a ball in a glove and wrap it up with Glove Wrap. Some players wrap baseball gloves in rubber bands or stuff them under sofas. The potential market is large, spanning millions of kids and Major League Baseball players alike in the U.S. alone. The deal: $50,000 for a 22% equity stake in Glove Wraps.
Persons: Gavin Batarse, Jon, Morgan Batarse, Gavin, sofas, Gavin didn't, Mark Cuban, Michael Rubin, " Rubin, Still, Rubin, he'd, Cuban, Mark, Morgan, Gavin isn't, Sofi Overton, Lori Greiner, Daymond John, Barbara Corcoran Organizations: Baseball, Major League Baseball, Sporting Goods, Sharks, Wise, Products, Twitter, CNBC Locations: Orange County , California, U.S, Cuban
Annie Leibovitz is one of the world’s most celebrated and prolific photographers, with a deep portfolio of famous portraits, from John Lennon and Yoko Ono to Michelle Obama. In addition to owning a home in Rhinebeck, N.Y., Ms. Leibovitz has bought and sold several properties in Manhattan. Among them, a co-op in Chelsea and a three-building compound she assembled in the West Village in the early 2000s. In 2014, looking to be closer to her children’s school, she purchased a sprawling duplex on the Upper West Side. But now resettled downtown after buying an apartment on West Street in the West Village just last year, Ms. Leibovitz is putting the duplex at 88 Central Park West, a.k.a.
Persons: Annie Leibovitz, John Lennon, Yoko Ono, Michelle Obama, She’s, Leibovitz, Deborah Kern Organizations: Park West, Corcoran Group Locations: Rhinebeck, N.Y, Manhattan, Chelsea, West, a.k.a
The majority of adults say wealth is more about having financial security and comfort than hitting a milestone, such as earning a six-figure salary or having a million-dollar net worth, LendingTree found. Is real estate the key to building wealth? Only 14% of all consumers surveyed report investing in real estate outside of their primary residence. When it comes to what actually makes you wealthy, Americans tend to agree that it's more of a feeling than a certain asset. Just 33% say owning a home makes you wealthy and only 14% say owning real estate outside of your primary residence does the trick.
Persons: , they'll, LendingTree, Barbara Corcoran, boomers, They're Locations: Michigan
Corcoran says she convinced the previous owner to sell the trailer by saying she'll still let her "use it whenever." AdvertisementAdvertisementIn an attempt to convince the previous owner to let go of the trailer, Corcoran ended up making her an offer she couldn't resist. AdvertisementAdvertisementThe TikTok video has since amassed over 3,000 comments, with many users expressing surprise at Corcoran's home. "I love that she could EASILY afford a seaside mansion, but opts for a trailer with a view," one TikTok user commented. AdvertisementAdvertisement"love the home, but million dollar beachfront trailer park is something that can only exist in LA," a TikTok user commented.
Persons: Barbara Corcoran's, Caleb Simpson, Corcoran, she'll, , Barbara Corcoran, who's, Simpson, that'll, she's, lauding Corcoran Organizations: Service, Pacific Palisades, Corcoran, New York City, YouTube Locations: Pacific Palisades, Los Angeles, LA, Angeles, Pacific, New York
SARASOTA, Fla. (AP) — Attorneys for New College of Florida, the traditionally progressive public liberal arts college that was taken over by allies of Gov. “Over time, we hope to build an online institute that helps protect other communities facing similar attacks,” the Alt New College website said. But attorneys for Sarasota, Florida-based New College said in a letter last Thursday that the online institute may be violating the school’s trademark and is likely to cause confusion. The attorneys demanded that Alt New College stop using the “New College” name. Gavin Newsom of California in which he sharply criticized DeSantis and the changes under way at New College.
Persons: Ron DeSantis, , New College provosts, , DeSantis, Richard Corcoran, Gavin Newsom Organizations: New College of Florida, Gov, Alt, Alt New, New College, Bard College, PEN America, New, “ New, , Democratic Gov Locations: SARASOTA, Fla, New York, Sarasota , Florida, California
US home prices have shrugged off the surge in mortgage rates over the past 18 months. Homeowners don't want to sell and lose their cheap mortgages, while buyers don't want to overpay. Barbara Corcoran, Jeremy Grantham, and other experts are split on whether prices will soar or sink. The upshot has been mortgage rates doubling to over 7%, sparking an affordability crisis. Jeremy Grantham, Barbara Corcoran, David Rosenberg, and other experts have shared drastically different outlooks for home prices.
Persons: Barbara Corcoran, Jeremy Grantham, , overpay, David Rosenberg Organizations: Service
“It reminded me of home,” said Dr. McCullough, who is from Baltimore. Dr. McCullough, now 38, was also in a new relationship with Lorne Behrman, whom she had met online. Mr. Behrman, 48, a musician and copywriter from California, had been divorced for several years. Email: thehunt@nytimes.com]When Dr. McCullough was growing up, money was tight and her family had to move a lot. So Mr. Behrman called James M. Armstrong, a friend and salesman with the Corcoran Group.
Persons: Covid, Danielle McCullough, , McCullough, Dr . McCullough, Lorne Behrman, Behrman, , Danielle, James M, Armstrong, ” Mr Organizations: East, aha, Corcoran Group Locations: East Harlem, Manhattan, Baltimore, anesthesiology, California, Midwood , Brooklyn, Westchester, McCullough’s
Three "Shark Tank" investors weighed in on stocks, real estate, and cryptocurrencies. Daymond John loves Apple and Amazon; Kevin O'Leary likes index funds but worries about commercial space. AdvertisementAdvertisementA trio of "Shark Tank" investors shared their views on stocks, real estate, and cryptocurrencies in a Fox Business interview on Tuesday. Kevin O'Leary touted index funds, rang the alarm on commercial real estate, and predicted the crypto industry will clean up its act. AdvertisementAdvertisement"Stock picking is really hard," the founder of O'Leary Funds and O'Leary Ventures said.
Persons: Daymond John, Apple, Kevin O'Leary, Barbara Corcoran, , Daymond John trumpeted Apple, he's, she's, Stocks O'Leary, O'Leary, John, Amazon's, Corcoran, Crypto O'Leary, Sam Bankman, Fried's, I'm Organizations: Service, Fox, O'Leary Funds, O'Leary Ventures, Apple, Foods, The Corcoran Locations: bitcoin
More than 200 students have been moved from on-campus dorms to off-campus hotels to make room for the recruited athletes and other new students. The U.S. Department of Education is investigating a complaint that New College, in its new iteration, discriminated based on disability. State lawmakers sent about $50 million to the school this year, a big jump from recent years. “What was really missing more than anything else at New College was leadership,” Mr. Corcoran, a former Florida House speaker and state education commissioner, said in an interview. “We’ve been able to do something that wasn’t accomplished in 63 years at the college, and that was grow enrollment.
Persons: Richard Corcoran, ” Mr, Corcoran, “ We’ve, , Organizations: U.S . Department of Education, New College, L.G.B.T.Q, Florida House Locations: Florida
The US may send the Army Tactical Missile System to Ukraine, two officials told ABC News. The US has long been reluctant to send ATACMS, also known as the Army Tactical Missile System. Ben Hodges, a retired US general, previously told Insider that ATACMS would allow Ukraine to reach targets beyond Russia's defensive line and destroy headquarters and logistics sites. Ukrainian President Volodymyr Zelenskyy has long argued that his forces need the ATACMS to fight Russia. The US has resisted granting ATACMS to Ukraine, worrying that Russia's President Vladimir Putin could escalate the conflict.
Persons: Ben Hodges, Volodymyr Zelenskyy, Zelenskyy, Joe Biden, Vladimir Putin Organizations: Army Tactical Missile System, ABC News, US, Service, Army Tactical Missile, Street, NATO, New York Times, Ukraine's Ministry of Defense, US Department of Defense, White Locations: Ukraine, Russia, Wall, Silicon, ATACMS
Editorial Roundup: United States
  + stars: | 2023-09-05 | by ( Associated Press | Sept. | At P.M. | ) www.usnews.com   time to read: +25 min
Excerpts from recent editorials in the United States and abroad:Aug. 31The Washington Post on sexism in the U.S. militaryNearly eight years ago, the United States opened up all military combat roles to women, clearing a pathway for female service members to join the most elite military forces. Women at multiple military bases reported that other soldiers would bang on their doors in the middle of the night. Even a program that once represented the highest ideals of the United States — its compassion, its expertise and its resources — is becoming a casualty of the country’s most destructive and divisive forces. Lack of adequate cooling during hot summers has plagued Southern states for decades, but climate change has now made it a problem in Northern states as well — Michigan, Minnesota, South Dakota, Indiana. Ukraine received the first batch of uranium munitions from the United Kingdom in March to use in its UK-made Challenger 2 tanks.
Persons: Soldiers, , , George W, Bush, Anthony Fauci, Mark Dybul, PEPFAR, Henry Hyde, Dave Weldon, H.I.V, Hyde, Weldon, Biden, MAGA, Biden’s, Mr, Chris Smith of, Smith, Roe, Wade, Tommy Tuberville, Susan B, Anthony Pro, ” Nyserda, Don’t, Louisianans, it’s, commissaries, Joe Arpaio, let’s, perceptibly Organizations: Washington, Green, Ranger Regiment, Green Berets, Army Rangers, Special Operations, Army Special Operations Command, Special Forces, Army, Command, New York Times, Democrats, Republicans, Catholic Church, Republican Party, AIDS Relief, Republican, Heritage Foundation, Biden, Mr, PEPFAR, America, Family Research, United, New York State Energy Research, Development Authority, Alliance, Clean Energy, Alliance for Clean Energy, Developers, Micron Technology, Los Angeles Times, Staff, Prisons, US State Department, US Locations: United States, U.S, Afghanistan, Africa, Illinois, Florida, Chris Smith of New Jersey, Alabama, New York, Ukraine, California , Connecticut, Hawaii , Indiana , Maine , Maryland , Massachusetts, Michigan , New Jersey, New Mexico, Rhode Island, New Hampshire, Vermont, Louisiana, Angola, Texas, Southern, Michigan, Minnesota, South Dakota , Indiana, Maricopa County, Ariz, Los Angeles, California, Corcoran, Tulare Lake, China, Russia, United Kingdom, Moscow, Belarus, Washington, Europe, Asia, Brazil, Indonesia
Email: thehunt@nytimes.com]The couple contacted Matt DeSilva, an associate broker with Corcoran, whom Ms. Colley had met a few years before when she had a side hustle drawing floor plans for real estate agents. Mr. Mazumder, who is from Cleveland and has a Ph.D. in government from Harvard, is a writer and a cook. The couple, both 30, focused on co-ops priced up to $500,000, to translate into a monthly outlay of less than $3,000. “A lot of the time, the lower somebody’s budget, the higher their expectations.”Although Ms. Colley was happy to stay in her old stomping ground, Lower Manhattan won out. “I’ve been pretty used to not having those things,” Mr. Mazumder said.
Persons: Emma Colley, Shom Mazumder, Colley, , , Matt DeSilva, Corcoran, Mazumder, Mr, DeSilva, I’ve Organizations: Pratt Institute, HGTV, Harvard University, Mr, Harvard, Lower Manhattan Locations: Boston, New York City, Clinton Hill, Bedford, Stuyvesant , Brooklyn, Rochester , N.Y, Cleveland, Lower
While it's not confirmed that Yevgeny Prigozhin is dead, or why, or how, it is not hard to figure out. Prigozhin publicly challenged Vladimir Putin and, not long after, his plane fell from the sky. President Vladimir Putin, of course, hasn't said a thing. AdvertisementAdvertisementThe BBC's respected security correspondent Franker Gardner noted Thursday: "Vladimir Putin does not forgive traitors nor those who challenge him." AdvertisementAdvertisementAlexander Petrov and Ruslan Boshirov told RT’s editor-in-chief they had nothing to do with the Skripals’ poisoning.
Persons: it's, Yevgeny Prigozhin, Prigozhin, Vladimir Putin, hasn't, GAVRIIL, Franker Gardner, Sergei Skripal, — Novichok, Luke Harding, Alexander Petrov, Ruslan Boshirov, Alexandr Litvinenko, Alexei Navalny, Boris Nemtsov, Putin Organizations: Service, Getty, Anadolu Agency, RT Locations: Wall, Silicon, Russian, Kursk, Russia, Moscow, Soviet Union, Britain, Berlin
Barbara Corcoran says the biggest mistake new homebuyers do is forget to go back for a second look. "People fall in love with the house and think at that moment in time it's their new house," she said. Industry experts agree that going back for a second look is crucialMike Biryla, a real estate agent at The Agency, agrees with Corcoran that going for another look before signing on the dotted line is worth it. "When you go back for a second look, it should be to make sure that the floor plan makes sense for you." Biryla tells CNBC Make It a second look is about reaffirming your initial feeling.
Persons: Barbara Corcoran, Corcoran, Mike Biryla Organizations: America, Industry, The Agency, CNBC, Getty
Home prices won't drop, and could surge 15% once mortgage rates fall, Barbara Corcoran says. There's a shortage of homes for sale as people don't want to give up their cheap mortgage rates. The housing market is in good shape, and buyers will pounce once rates drop, Corcoran says. In response to a massive inflation spike last year, the Federal Reserve has raised interest rates from almost zero to more than 5% since last spring. In June, she suggested home prices could jump as much as 20% once interest rates drop by two percentage points.
Persons: Barbara Corcoran, Corcoran, it's Organizations: Service, Federal Reserve, Corcoran Group Locations: Wall, Silicon, Florida
When Barbara Corcoran started her real estate firm at age 23, she quickly noticed a difference between herself and her competitors. Corcoran bought a wool coat with a brown and white print, high collar and a $320 price tag before tax, she said. Despite its hefty price, Corcoran says the coat gave her the one thing she "desperately" needed at the time: confidence. "I wore my coat for the next four years, and it was the best investment I ever made. Nearly three decades after founding her firm, Corcoran sold it to brokerage firm NRT for $66 million.
Persons: Barbara Corcoran, Corcoran, Bergdorf Goodman, Adam Galinsky, Hajo Adam, It's, You've, Warren Buffett Organizations: CNBC Locations: New Jersey
M. Evan Corcoran, a lawyer who accompanied former President Donald J. Trump to court this week for his arraignment on charges of trying to overturn the 2020 election, has given crucial evidence in Mr. Trump’s other federal case — the one accusing him of illegally hoarding classified documents. Another lawyer close to Mr. Trump, Boris Epshteyn, sat for an interview with prosecutors this spring and could be one of the former president’s co-conspirators in the election tampering case. And Mr. Epshteyn’s lawyer, Todd Blanche, is defending Mr. Trump against both the documents and election case indictments. The legal team that Mr. Trump has assembled to represent him in the twin prosecutions by the special counsel, Jack Smith, is marked by a tangled web of potential conflicts and overlapping interests — so much so that Mr. Smith’s office has started asking questions.
Persons: Evan Corcoran, Donald J, Trump, Boris Epshteyn, Epshteyn’s, Todd Blanche, Jack Smith
There were hints of a similar strategy in the first hearing in the election subversion case. Key prosecutors make their public debutThursday marked the public debut of the Smith team that will handle the election subversion prosecution. Smith himself attended the hearing, as he did for Trump’s first appearance in the classified documents case in Florida earlier this year. Windom – who moved from the US attorney’s office in Maryland to play a central role in the federal election subversion investigation, spoke on behalf of the government Thursday. In the election subversion case, Trump’s attorneys have previewed arguments that the case should be moved elsewhere, given the city’s political bent.
Persons: Donald Trump, Trump, Jack Smith’s, Smith, John Lauro, they’ll, ” Lauro, Thomas Windom, Tanya Chutkan, Fani Willis, There’s, Jean Carroll, Windom –, Molly Gaston, Gaston, Steve Bannon, Rick Gates –, , Paul Manafort, Lauro, Todd Blanche, Blanche, Evan Corcoran, He’s, he’ll, didn’t, , he’s Organizations: CNN, Trump, Republican, Fulton, New, DC US, Justice Department, Trump . New Trump, Capitol, Metropolitan Locations: Washington, DC, Georgia, Fulton County, Manhattan, New York, Florida, Maryland, Manhattan’s, egging
As one of the original sharks on ABC's "Shark Tank," Barbara Corcoran is used to negotiating when she wants to land a deal. And having that skill has also come in handy when it's come time for Corcoran to buy a new home. In a video tour released on YouTube last week, the real estate mogul gave host Caleb Simpson a look inside her Los Angeles mobile home. Corcoran bought the two-and-a-half-bedroom, two-bathroom trailer with a terrace and view of the Pacific Ocean for $800,000. I said, 'Whenever you want you, you come back and use the place for your life,'" Corcoran said.
Persons: Barbara Corcoran, Corcoran, Caleb Simpson, I've Organizations: YouTube Locations: Angeles
Photos showed the dramatic transformation at Lake Oroville, the second-largest reservoir. Some lakes, like Tulare Lake in the Central Valley, have also re-emerged after being drained years ago. Photos of Lake Oroville taken in September of 2021 and April of 2023 showed the stark transformation. The Enterprise Bridge at Lake Oroville in Oroville, California on September 05, 2021 (top), and on April 16, 2023 (below). Houseboats parked at a marina at Lake Oroville in Oroville, California, on September 05, 2021 (top) and on April 16, 2023 (below).
Persons: Josh Edelson, It's, David, Jae C Organizations: Service, Los Angeles Times, Getty, Washington Post, Post Locations: Oroville, Tulare, Central, California, Shasta, Lake Oroville, Oroville , California, AFP, Fresno County, Mississippi, Corcoran, Calif
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