Real Estate

With ocean views and a blanket of greenery surrounding it, one might think this custom compound is set on the North Shore of Kauai. In actuality, the $29.95-million estate is across the Pacific—nestled among 140 acres of organic avocado groves in Somis, California, a quiet community located halfway between Beverly Hills and Santa Barbara. Built
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Amid the chaos surrounding concerns about debt payments by China’s property developer Evergrande Group, it’s good to be the chairman. Although Evergrande Group’s 80% stock decline so far this year has made a dent in its billionaire founder and chairman’s fortune, Hui Ka Yan will remain extraordinarily wealthy even if the company collapses under the
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Kirkland, Washington, the Seattle suburb that had one of the nation’s first clusters of Covid-19 cases at its Life Care Center nursing home early last year, led the U.S. for home-flipping profits during 2021’s second quarter, according to an AATOM report ranking the nation’s zip codes. A typical home flip in the 98033 zip code,
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Climate catastrophes are poised to destroy American homes, and banks are starting to calculate their risks. Jesse Kennan, Associate Professor of Real Estate at Tulane University, refers to this process as “underwaterwriting” or “blue-lining,” depending on whether you’re looking at it from the point of view of the bank or consumer respectively. Underwaterwriting is a
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The Evergrande Group or Evergrande Real Estate Group logo of a Chinese real estate company is seen on a smartphone and a PC screen. SOPA Images | LightRocket | Getty Images China’s “highly distressed” real estate companies are at risk of collapse as the country’s highly indebted developer Evergrande is on the brink of default,
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This month, Village Properties marks its 25th Anniversary as Santa Barbara’s leading locally-owned independent brokerage. It’s been an upward trajectory for the company since it was founded in 1996. As of August 2021, Village properties has sold $1.8 billion worth of real estate across 12,000 transactions. Last year, the brokerage held a 16% market share. That’s quite
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