Share to facebook Share to twitter Share to linkedin Playa Vista IsleConcierge Auctions Perhaps you’ve been following the story of the gilded mansion, previously called Le Palais Royal but now called Playa Vista Isle, that sits on over five acres of land on the Ocean-to-Intracoastal Waterway. This Versailles-inspired abode just closed at auction for a price that won’t be disclosed
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Boca Raton is booming with luxury developmentGetty Luxury development in Boca Raton, Florida is booming. Consider when the ultra-luxe Mandarin Oriental was choosing a U.S. location for its 164-room hotel & resort with 92 luxury branded residences, the Hong Kong-based company, owned by Jardine Matheson chose Boca Raton. The Residences at Mandarin Oriental, Boca Raton
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Homebuilder stocks are getting hammered. The group fell Friday for the sixth time in seven sessions, bringing the total year-to-date losses for the XHB, a popular homebuilder-tracking ETF, to 23 percent. While some investors are avoiding homebuilders amid rising interest rates that traditionally serve as a headwind for the economically sensitive group of stocks, others
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After another week of roller coaster market action, investors may be looking at the balance in their 401(k) plan and wonder what they should do about their retirement savings. The volatility in the U.S. and global equity markets has led some “buy-and-hold” investors to make major moves in their retirement plans. Daily trading activity in
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Rising mortgage rates and continued home price growth are hurting affordability and fast becoming a toxic cocktail for the nation’s homebuilders. Sentiment among homebuilders dropped 8 points in November to 60 in the National Association of Home Builders/Wells Fargo Housing Market Index. That is the lowest reading since August 2016, but anything above 50 is
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U.S. homebuilding rose in October amid a rebound in multifamily housing projects, but construction of single-family homes fell for a second straight month, suggesting the housing market remained mired in weakness as mortgage rates march higher. Other details of the report published by the Commerce Department on Tuesday were also soft. Building permits declined last
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(AP Photo/Eric Risberg) According to a report compiled by Allianz Global Assistance, only 52 percent of Americans say they’re confident that autonomous driving technology will develop safely enough to consider trading their conventional vehicles for self-driving ones. General Motors has reportedly put on hold plans to begin testing autonomous vehicles in New York City because Mayor
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The “experience design” captures the uniqueness of Unither’s new Zero Net Energy building in Silver Spring, Md.Nicholas Cope When Silver Spring, Md. biotech firm United Therapeutics recently introduced a new building on its corporate campus, it spelled the latest triumph for the net-zero building movement. On an annual basis, Net Zero Energy (NZE) structures generate
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Long Island City, Queens, NY: Skyscrapers/Skyline on the East River, with signs reading “Long Island.” Copy space available in the white sky background, or in the green river.Getty Retail giant Amazon has selected an upscale slice of the waterfront area in New York’s Long Island City to house one of its two new secondary headquarters,
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Rising home prices have forced consumers to routinely take on higher home mortgage debt, which is set to surpass the amount of borrowing that occurred ten years ago—right before the housing market crash. According to the Federal Reserve, outstanding mortgage debt totaled $10.2 trillion in the second quarter of this year, an increase of 2.7%
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