Month: June 2021

ReAlpha CEO Giri Devanur (Giri Devanur, iStock) Invigorated by Airbnb’s success, more investors are entering the short-term rental market. Ohio-based asset management company ReAlpha plans to spend as much as $1.5 billion to buy short-term rentals, Bloomberg News reported. The amount is enough to purchase about 5,000 homes, Giri Devanur, the company’s CEO, told the…

Parts of the chateau date back to 1393 (Sotheby’s International Realty) A 59,000-square-foot gothic-style castle in the Czech Republic has hit the market. The historic Chateau Světlá, an estate in the heart of the Sávaza river region, listed for just under $5 million, according to Mansion Global. On about 3.5 acres, it was built as…

Habi cofounders Brynne McNulty Rojas and Sebastian Noguera Escallón (Habi) Colombia-based iBuyer Habi has raised $100 million in a Series B fundraising round led by Softbank. It’s the second-largest amount ever raised in a Series B by a Colombian startup, according to Forbes. With CEO Brynne McNulty Rojas at Habi’s helm, it’s also the largest…

Austin, Texas saw pricing of 5 to 9 percent above asking in the first six months of the year. (iStock) More and more homebuyers are paying above asking price in America’s largest metros. Strong demand and low supply means buyers are forking over up to hundreds of thousands of dollars above asking price to close…

(Hunter French) If a stone cottage in a country town outside Bath, England, isn’t charming enough, this listing also comes with its own tortoise-in-residence. Hercules, who is 94 years old, patrols the grounds of “the Old Dairy” ever so slowly, spending most of her time munching on veggies in the garden. She is included in…

The 12-story condo tower. (Photo by Joe Raedle/Getty Images) UPDATED, June 26, 8:21 p.m.: A 2018 report raised major red flags about the structural integrity of the Champlain Towers South, the Surfside condo building that partially collapsed this week, killing at least five and trapping another 156. The engineer tasked to survey the building for…

A rendering of Pavilia Farm III and CK Asset Holdings chair Victor Li Tzar-kuoi (The Pavilia Farm 360, Getty) Pandemic homebuyers have been met with record-high prices, few options and fierce competition. Now the world’s least affordable housing market, Hong Kong, is set to break its historical ceiling, Bloomberg News reported. In the densely-packed city…

From top left: Andres Levine, Betty and Gil Guerra, Bonnie and David_Epstein, Brad Cohen, Claudio and Maria Obias-Bonnefoy, Edgar Gonzalez, Elaine Sabino As heavy rains complicated the search and rescue operation for possible survivors of the Champlain Towers South collapse, family and friends of people believed to be trapped beneath the rubble stood by at…

Royal Palm Companies’s Dan Kodsi, OneWorld Properties’s Peggy Olin and a rendering of Legacy Hotel & Residences A yet-to-be-built nightclub-branded condo tower in an underdeveloped area north of downtown Miami is nearly sold out just months after quietly launching sales. Blocks away, the developers of an as-yet-unbuilt condo tower at Miami Worldcenter bounced back after…

Seritage Growth Properties CEO Andrea Olshan (Getty) The owner of the defunct Sears franchise is looking to unload a chunk of properties. Andrea Olshan, chief executive officer of the real estate investment trust Seritage Growth Properties that bankrupt Sears formed five years ago, wants to sell 40 to 50 former stores to generate cash, Bloomberg…