Tag Archives: Bloomberg

Jeff Bezos adds $90M mansion to Miami property portfolio

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The mansion marks the Amazon founder’s third such purchase on Indian Creek Island, an exclusive enclave in Miami with limited availability. Continue reading →

Major real estate players push back against Florida’s foreign buyer ban

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Lobbying group the Real Estate Roundtable, which represents the interests of investors like Citigroup Inc., Blackstone, Related, Starwood and Wells Fargo & Co., is appealing to state legislators to amend Governor DeSantis’ new, restrictive foreign… Continue reading →

Inflation stays flat in October, but shelter costs continue to rise

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The index for shelter rose 0.3 percent between September and October and was up 6.7 percent year over year, according to CPI data released Tuesday.  Continue reading →

Hotels and Airbnb, Vrbo in heated battle as business travel ramps up

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Both hotels and short-term rental companies are vying for customers seeking out extended stays through new offerings as business travel ramps up across the U.S. this fall. Continue reading →

The office market might recover. It just has to crash first, investors say

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Seventy-three percent of the more than 900 real estate investors who responded to a recent Bloomberg survey said commercial real estate prices would fall through at least late 2024. Continue reading →

Once-priciest home in US slashes ask by a hefty $55M

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The Central Park Tower penthouse, developed by Extell and Shanghai Municipal Investment, initially asked $250 million. The property is currently the tallest residence in the world. Continue reading →

Palm Beach’s sole private island lists for $218M, poised to break records

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If the island, which includes a 21,406-square-foot mansion, sells close to its asking price, it will easily set a record for Palm Beach sales and come just shy of the national record. Continue reading →

Ken Griffin revealed as buyer of record $107M Miami sale

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One week after the record sale of businesswoman and philanthropist Adrienne Arsht’s 4-acre waterfront Coconut Grove estate, hedge funder Ken Griffin has emerged as the buyer. Continue reading →

Zillow stock rebounds on news of stock buyback, iBuyer selloff

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Zillow’s stock bounced back to the highest level in a month as the portal announced a stock buyback plan and its speedy progress on sunsetting Zillow Offers. Continue reading →