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DOJ Secures Forfeiture of Two Miami Condos for Violations of Russia-Related Sanctions

DOJ Secures Forfeiture of Two Miami Condos for Violations of Russia-Related Sanctions

by Phil Hall | Jan 9, 2025 | Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

The US Department of Justice (DOJ) has secured the forfeiture of two luxury Miami condominiums that were maintained, transferred, and leased in violation of sanctions against Russian national Viktor Perevalov. The forfeited properties have a combined value of...
California Estate Sells After 15 Years on the Market

California Estate Sells After 15 Years on the Market

by Phil Hall | Jan 3, 2025 | Current News & Events, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

It took 15 years and several significant price cuts, but a 78.5-acre coastal California estate with its own helipad and vineyard finally sold for $17.22 million. Mansion Global reports the property, located on the Pacific Coast Highway outside of Cambria in San Luis...
Report: Elon Musk Eyeing Luxury Penthouse Near Trump’s Mar-a-Lago

Report: Elon Musk Eyeing Luxury Penthouse Near Trump’s Mar-a-Lago

by Phil Hall | Dec 11, 2024 | Current News & Events, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

Elon Musk’s close relationship with President-elect Donald Trump may become neighborly, as the Tesla and SpaceX chieftain and co-director of the Department of Government Efficiency is reportedly seeking a luxury property near Trump’s Mar-a-Lago estate in Palm Beach,...
Trump Organization in Partnership for Two Luxury Projects in Saudi Arabia

Trump Organization in Partnership for Two Luxury Projects in Saudi Arabia

by Phil Hall | Dec 10, 2024 | Current News & Events, International Real Estate News, Market Snapshot, Real Estate News, WRE News Exclusive

The Trump Organization has partnered with the Dubai-based real estate developer Dar Global to construct two new luxury projects in the Saudi Arabian capital of Riyadh. Gulf Business reports the new projects will be aimed at the luxury Saudi Arabian market and...
Hits and Misses for the Real Estate Week of Dec. 2-5

Hits and Misses for the Real Estate Week of Dec. 2-5

by Phil Hall | Dec 6, 2024 | Current News & Events, Hits and Misses, International Real Estate News, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new achievement in luxury real estate, an executive preparing the next generation of professionals, and the perils of renting to Hunter Biden. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Dec. 2-5. Hit: A New Home for...
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