Real Estate
From the elite sanctuaries of the 19th century to the modern exclusivity of Soho House, New York City’s social clubs have mirrored the city’s shifting power dynamics and cultural movements. While the traditional clubs endure, the city’s newer social spaces reflect a redefinition of what it means to “belong” in New York: values such as creativity, connectivity, and diversity. New York City Redefines Elite Social Networking Maybe New Yorkers are simply getting more creative, but the definition of what constitutes an elite social club is also branching out farther than ever from its aristocratic roots. Clubs synonymous with the spaces…
Almost three quarters (71%) of homeowners have delayed a planned project this year, citing inflation, high interest rates and economic concerns for their postponements. These were among the findings of an April 2025 online survey of 1,000 respondents who had hired a professional for a project in the past year, conducted for home improvement platform Angi. The impact of these delays can impact owners’ health and safety, as well as the structural integrity and resale value of their homes. Delayed Projects The two projects owners would improve first if they had no budget constraints were kitchen remodels (31%), followed by…
“It takes many good deeds to build a good reputation,” Benjamin Franklin once said, “and only one bad one to lose it.” When it comes to real estate and re-development, the opposite is also frequently true: it can be hard to shake off a bad rap, especially when it’s seared into the cultural DNA of a place. In few cities has this reputational albatross been historically stickier than in Fort Lauderdale, which has been synonymous with hard partying, bikini-clad Bacchanalia ever since Colgate University swimming coach, Sam Ingram, first brought his team here in 1934 for an early season ‘winter…
The crisis impacting housing affordability stands among the most pervasive and complicated challenges facing the nation. In virtually every part of the country, housing costs have outstripped incomes. That’s left huge swaths of the population either rent burdened or entirely removed from homeownership. The crisis is most acute in the nation’s largest cities, but smaller cities, towns and rural areas are not immune. “This isn’t just a question of economics,” says Jonathan Curtis, founder and CEO of Chicago, Ill.-based real estate development firm Cedar Street Partners. “When people can’t afford stable housing, everything else becomes more difficult: Finding and keeping…
The future of retail isn’t just about what’s new, it’s about what comes next. As more consumers reconsider their relationship with consumption, brands are rethinking the entire product lifecycle. And they’re doing it in-store with an increased adoption of circular retail. Circular retail—defined by resale, trade-in, upcycling, and repair programs—has moved far beyond fringe. It’s now a high-growth, brand-backed business strategy. In 2023, the U.S. recommerce market was valued at $188 billion and is projected to grow to $276 billion by 2028 according to a report from NetChoice. For property managers, this marks a moment of opportunity: the chance to…
Las Vegas, NV – From May 27-29, 2025, the Venetian Convention Center played host to Bitcoin 2025, the largest Bitcoin conference to date, drawing a staggering 35,000 attendees. What began as a niche gathering for crypto enthusiasts has transformed into a global stage, signaling Bitcoin’s undeniable ascent into the mainstream. The event boasted an impressive roster of speakers, including Vice President JD Vance, White House Crypto Czar David Sacks, Donald Trump Jr., Eric Trump, MicroStrategy’s Michael Saylor, UK Reform Party leader Nigel Farage, and Silk Road founder Ross Ulbricht, recently pardoned. Their presence underscored Bitcoin’s growing political, economic, and cultural…
As you look at acquiring property, you’ll want to be aware of different types of real estate investments. Some are more passive in nature, such as a long-term credit tenant that might not be management intensive and will provide cash flow. For others, real estate investors might look to make significant improvements and add value. In these cases, the returns could outperform the market. If you’re looking to increase the value of a property, that could mean physical upgrades, improving tenant quality, optimizing leases, or even changing the property’s use entirely. From my experience, I’ve seen that the most successful…
A decades-old, black-and-white print advertisement, complete with a vintage-scrolly font reads “Casa Blanca, Near Majestic Camelback Mountain – A Desert Paradise Where Summer Spends the Winter”. The Casa Blanca in question—an iconic Moroccan-inspired construction in Arizona’s Paradise Valley —pre-dates the Oscar-winning, Morocco-set Casablanca (1944) by some stretch. Built in the 1920s by architect R.T. (Bob) Evans, the script for this Casa Blanca meanders through a fascinating past and present. Originally a private home, it was converted in the 1940s into a corporate retreat, mainly used by the Borg-Warner automotive company. The 1950s ushered in a new guise—as a hotel for…
Six years after New York State passed the Housing Stability and Tenant Protection Act (HSTPA), owners of rent stabilized buildings are struggling with rising expenses, declining income, falling values and increasing distress. What Happened? Understanding the Impact of HSTPA HSTPA was designed to protect tenants, but its consequences have been severe for rent stabilized buildings resulting in: Disinvestment and Vacant Units: Eliminated incentives for apartment and building improvements. Valuation Collapse: Removed the ability to grow rents, resulting in eroding Net Operating Income (NOI) particularly in a significantly higher interest rate environment. Historical Parallels: Created conditions similar to the 1970s, when…
City Developments Ltd. (CDL)—controlled by billionaire Kwek Leng Beng and his family—has agreed to sell a majority stake in a mixed used office, hotel and residential complex in the Singapore central business district to its Malaysian partner, IOI Properties. Under the deal, IOI Properties—controlled by controlled by Malaysian billionaire brothers Lee Yeow Chor and Lee Yeow Seng, whose family made their fortune from palm oil—will buy CDL’s 50.1% stake in South Beach in a deal valuing the the property at S$2.75 billion ($2.1 billion), according to a joint statement from the partners. Upon completion of the deal in the third…
A great kitchen! Great schools! Great location! These have all been highly sought-after attributes by prospective homebuyers for decades. Fire resilience? That attribute is new, sparked by recent wildfires across the country – especially the devastating blazes in Los Angeles this past January – and insurance companies cancelling policies for high risk regions. A new Wildfire Prepared Neighborhood program from the Insurance Institute for Business & Home Safety, building on its successful Wildfire Prepared Home program, is betting that fire resilience will be an important new attribute for home buyers. The nation’sfirst certified community, KB Home’s Dixon Trail, is located…
Editors Picks
Subscribe to Updates
Get the latest finance news and updates directly to your inbox.