“If I hadn’t found Audley Square, we wouldn’t be sitting here having this conversation,” said John Caudwell, speaking from his home in Staffordshire, England, about his nearly decade-long search for the site of his next major project. Caudwell, who sold his company Phones 4u for an estimated $2.8 billion in 2006, has launched a luxury real
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Ultimate synergy is on display in the Arizona desert as Dale Chihuly marries his glass sculptures to nature and architecture at Phoenix’s Desert Botanical Garden and in Scottsdale at Frank Lloyd Wright’s Taliesin West. Open to the public now through June 19, 2022, Chihuly in The Desert showcases a remarkable confluence of American art and architecture set
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CoreLogic, a real estate data analytics provider, today released its Home Price Index report, highlighting October 2021 data.   U.S. annual home price growth remained strong at 18% in October, the highest recorded in the 45-year history of the index. Nonetheless, monthly price growth has slowed from its April peak and signals a moderation in price growth that the
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While border closures resulting from COVID have slowed Australian property sales to international buyers, experts predict that the luxury market may perk up in 2022 as travel restrictions relax and ex-pats return to the country.  As travel restrictions ease, the appetite for prime properties such as the units at the waterfront … [+] Bennelong Apartments
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Hundreds of thousands of homeowners could soon lose or sell their homes as Covid-related mortgage bailout programs expire. The federal government, big banks and mortgage servicers started emergency programs when the pandemic hit early last year, shutting down vast swaths of the economy. The bailouts allowed millions of homeowners to miss payments, some for up
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A “For Rent” sign posted in front of an apartment building on June 02, 2021 in San Francisco, California. Justin Sullivan | Getty Images Apartment rent growth and occupancy set new records in November, yet another sign that the nation’s housing market isn’t following seasonal patterns this year. Rent growth and occupancy usually cool heading
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courtneyk | E+ | Getty Images Covid relief programs allowed millions of struggling Americans to pause mortgage payments, and many of those bailouts are now expiring, putting cash-strapped borrowers at risk. “The maximum forbearance term was 18 months for most programs,” said Michael Fratantoni, chief economist of the Mortgage Bankers Association. “And many borrowers are
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Kaisa Group Holdings City Plaza development under construction in Shanghai, China, on Tuesday, Nov. 16, 2021 Qilai Shen | Bloomberg | Getty Images Trading in shares of Chinese real estate developer Kaisa was halted Wednesday for the second time in two months, as troubles in China’s property sector resurfaced this week. The developer had been
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Minnesota expects a $7.7 billion surplus in its current two-year budget, a dramatic turnaround from a year ago when red ink driven by the pandemic’s anticipated tax blows loomed. The state’s November 2020 budgetary and economic forecast warned of a $1.3 billion gap in the fiscal 2022-2023 for Gov. Tim Walz and lawmakers to deal
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The Municipal Securities Rulemaking Board is requesting information from issuers, investors, dealers and municipal advisors on environmental social and governance practices in the municipal securities market. The MSRB characterized the RFI as a fact-finding mission in an attempt to better understand and enhance issuer protection, investor protection, fairness and efficiency of the municipal securities market
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A Securities and Exchange Commission staff statement issued Tuesday reiterates disclosure and fiduciary obligations of issuers and underwriters in light of the forthcoming transition away from Libor. And while those obligations are important, some municipal industry practitioners point to an already existing trend away from Libor-linked transactions. Earlier this year, Libor’s regulator, the Financial Conduct
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