The Hong Kong-headquartered Rosewood Hotels & Resorts is expanding its Caribbean presence with a new resort planned for the Bahamas. The planned Rosewood Exuma will be developed in partnership with Yntegra Group, a Miami-based private investment company. The...
A historic church in the Harlem section of New York City is under contract to be sold for conversion into a mixed-used development. Crain’s New York reported Transfiguration Lutheran Church and two adjacent brownstones are under contract for $3.5 million to Brooklyn...
The Walt Disney Co. (NYSE:DIS) reported weaker than expected returns from its theme parks, dampening the plans of CEO Bob Iger’s plans to use the company’s real estate holdings to boost revenue. Disney’s latest quarterly report found theme park revenue up by 2%...
This edition of Tech Trends highlights corporate developments within the real estate technology sector. Lofty Buys Firepoint. Lofty Inc. (formerly Chime Technologies) announced its acquisition of Firepoint, a real estate CRM solution. Both Lofty and Firepoint offer an...
Amid complaints that wealthy expatriates taking up tax residency have caused real estate prices to soar, the Italian government has doubled the flat tax on the foreign income of new residents to €200,000 (roughly $218,000). The Financial Times reported Prime Minister...
The words “real estate” and “sexy” aren’t often paired in a sentence, but Ryan Serhant insists the sexy aspect of the profession has fueled the popularity of reality television series focused on home selling. Serhant is the CEO of the luxury brokerage SERHANT and has...
Hits and Misses for the Real Estate Week of May 4-8
