REAL ESTATE
Canadian fast-casual restaurant operator Freshii is planning to announce within the next two months a tie-up with a large U.S.-based retailer to open its eateries inside the retailer’s stores. The retailer has a “very sizeable real estate footprint and access to thousands of customers coming in everyday,” Freshii Chief Executive Matthew Corrin said, but declined to provide details. Corrin drew eyeballs last month with an open letter to McDonald’s Corp
Filed under: Buying, Financing, Refinancing ZillowThe weekly mortgage rate chart illustrates the average 30-year fixed interest rate in six-hour intervals. By Lauren Braun Mortgage rates for 30-year fixed loans fell this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.78 percent, down 1 basis point from the same time last week. The 30-year fixed mortgage rate hovered around 3.74 percent for most of the week before
Filed under: Economy, Investing Anthony Rosenberg/GettyReal Estate Investment Trusts are a way to invest in real estate without having a mortgage or managing property. By Kira Brecht Concerns about the potential impact of higher interest rates have sent real estate investment trusts on a roller coaster ride this year, after chalking up double-digit gains in 2014. Despite their recent fickle behavior, however, this asset class belongs in the diversified portfolios
Several hedge funds have asked U.S. department store company Macy’s Inc to consider options for its real estate, including selling some major sites and then leasing them back, according to several sources close to the matter. The push is in line with real estate decisions by some other major retailers that have been beneficial to their stock prices. Hudson’s Bay Co , the parent of Lord and Taylor and Saks
Filed under: Celebrity Homes ZillowThe four-bedroom, four-bath home has panoramic ocean and mountain views, plus 11 acres of hilltop privacy. By Melissa Allison The Jenner formerly known as Bruce — now Caitlyn — has taken a page from her daughters and bought her own Southern California pad. AFP/Getty ImagesJenner posed for Annie Leibovitz and cover of Vanity Fair. The former Olympian — and former spouse to Kardashian matriarch Kris —
Filed under: Buying, Celebrity Homes, Selling By Melissa Allison The acreage that was once a fantastical amusement park for the King of Pop is on the market — but without the carnival rides, orangutans and elephant, the Wall Street Journal reports. The 2,700-acre estate north of Santa Barbara is listed for $100 million. Associated PressMichael Jackson in 2002 Still standing are the railways and grand train station Jackson built, the
Filed under: Buying, Celebrity Homes, Selling ZillowThe architecturally significant contemporary home sits on 1.5 acres overlooking the lights of Los Angeles. By Melissa Allison Pharrell Williams and his big hat are headed west. The “Happy” singer recently dropped $7.14 million on a contemporary estate high in the hills above Los Angeles, Variety reports. Its Jetsons-style living room, complete with a floating fireplace, is surrounded by walls of glass with views
WASHINGTON (AP) — Americans signed contracts to buy homes in April at the fastest pace in nearly nine years, evidence that steady job growth is strengthening the real estate market.
Filed under: Buying, Celebrity Homes, Selling ZillowOriginally built in 1914, the home has been remodeled to include skylights and elements of midcentury modern style. By Melissa Allison The upheaval in Nicole Richie and Joel Madden’s life — which includes rumors they’re splitting up, the filming of her new reality show, “Candidly Nicole,” and the purchase of a new home in Beverly Hills, according to Variety — now includes a house
SEOUL (Reuters) – Former Federal Reserve Chairman Ben Bernanke said on Wednesday there were no signs of extreme movements in the U.S. real estate and financial markets, but criticized the U.S. Congress for failing to approve the IMF reform measures.
