New economic data show an unprecedented number of young adults are forgoing homeownership in favor of renting: From 2012 to 2023, affordability worsened, yet young adults who could buy continued to do so. But not anymore. Now young adults are remaining renters, not just because of affordability, but because flexibility makes them more resilient to economic downturns. This shift could usher in a new phase in the economy where the precarity of the labor market compels Americans–especially younger Americans–to make short-term choices that jeopardize their long-term financial security. The implications of these trends are bigger than just housing markets. The…

Star Entertainment has signed a A$300 million ($180 million) funding deal with Bally’s Corp., potentially handing control of the cash-strapped Australian gambling company to the U.S. casino operator. Under the deal, Bally’s will purchase a combination of convertible notes and subordinated debt, delivered in multiple stages, according to an exchange filing. The notes would eventually give Bally’s a controlling stake of around 56.7% in Star on a fully diluted basis. Star said it is also in discussions with its largest shareholder, Investment Holdings (controlled by the family of Australian billionaire Bruce Mathieson) for a possible subscription of up to A$100…

Longevity has become a popular buzzword in anti-aging conversations, including those related to real estate. Simply put, this approach asks how the places where we live can help us stay young, energetic and vibrant. The key, according to a recent study conducted by the University of Southern California’s Leonard Davis School of Gerontology, may lie in real estate’s long-standing mantra: Location, location, location! “People in neighborhoods that experience more days of high heat show faster aging at the molecular level than residents of cooler regions,” reported gerontology and sociology professor Jennifer Ailshire, the study’s lead author. So, what should you…

One glance at the poolside view and you’re thinking Miami, aren’t you? A party town. The kind of place where you’d have a mirrored box containing a panoramic sauna at the end of your 12-meter-long rooftop pool—whose counter-current setting makes you feel like you’re swimming Olympian lengths in the sky. Or if not Miami, then you’ve probably settled on Dubai for similar reasons. The skyscrapers, cloudless skies and sheer decadence of that kind of rooftop amenity all to yourself, in the middle of the metropolis. It all fits. But hold on, it’s in Frankfurt? That pool is quite the money…

Billionaire Kwek Leng Beng, executive chairman of City Developments Ltd. (CDL) and his son, Sherman, have pledged to uphold the highest standards of corporate governance after a boardroom brawl between the two top executives sent the company’s shares tumbling. The feud between the father and son became public in late February after Kwek Leng Beng, executive chairman of the company, sued Sherman, group CEO, for control of the Singapore-listed property developer. In the case filed with the Singapore High Court, the elder Kwek accused Sherman of instigating a boardroom coup by appointing two new board members without proper vetting by…

Festival season is finally here. From Coachella to Stagecoach and every party in between, there will be no better place to go and be seen than Palm Springs. Those who want an upscale, full-service hotel in a great location will definitely be booking a room at the new Thompson Palm Springs. Located on the iconic Palm Canyon Road, it opened in October 2024 and is one of the newest hotels in town. Featuring 168 rooms, the aesthetic combines old-world Palm Springs elements with fresh modern style and comfort. It’s a little bit of the best of everything. Uniquely designed, there…

The last 5 years since Covid began (FIVE years?!?!) have been a real estate rollercoaster. The first couple of years were a wild ride, but in 2023 and 2024, we sort of just… stalled. Now, we’re starting to get moving again, but we don’t know exactly what’s ahead. What we do know is that this exact moment in time offers homebuyers some relief from a very tough seller’s market over the last several years and opportunities to create massive value if they play their cards right. Let’s dive into five strategies that are helping buyers win RIGHT NOW: Ride the…

Singapore has designated real estate tycoon Robert Ng and three of his children as “politically significant persons” under a law aimed at curbing foreign influence in the city-state. Ng, who is the chairman of Hong Kong-listed Sino Group, and his children—Daryl Ng, Nikki Ng and David Ng—declared their foreign political ties as required by Singapore law of its citizens, the Ministry of Home Affairs said in a statement on Monday. “To be clear, the intended designations of the four individuals are not because they have engaged in any egregious activity,” the ministry said. Individuals designated as “politically significant persons” are…

For more than three decades, CMG founder David Corso has been creating and producing some of the most memorable events—particularly in the Coachella Valley, where he has had roots since the Coachella’s inception in 1999. He is the creative force behind the coveted Desert Nights Series, an invite-only late-night lineup that runs alongside the iconic music festival. Desert Nights is the result of more than two decades of event curation, originally starting as private industry dinners as well as pre- and post-festival parties at Corso’s personal residence. For the past eight years, however, the series has found a home at…

While development deals and fast-moving sales may be exciting, long-term ownership can bring lasting benefits for real estate investors. You could gain from having stable cash flow in a tax efficient manner and future appreciation on the properties you own. If you pick the right neighborhoods, the value could increase over time due to factors like improved market conditions and rent growth. Keep these considerations in mind as you think about buying and holding real estate property. Protection Against Market Fluctuations The longer you hold, the better positioned you may be for market cycles and disruptions. You could find that…