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The penthouse in Seattle, USA, was sold for $ 12 million, breaking the most expensive apartment record in the region. The two-storey apartment with a view of the Space Needle is located on the 23rd floor of the Bay Vista Tower, which was built in 1980. The apartment offers 270-degree views of the Elliot Bay …
Continue reading “Seattle Penthouse sold by breaking the most expensive circle record”
Abu Dhabi’s Mubadala Investment Company Mubalada Ventures, the US-based venture capital arm, is investing in Turvo. Turvo, the world’s first real-time collaborative logistics platform, has announced it has closed $60 million in Series B funding led by Mubadala Ventures. Turvo has announced that it has added G2VP and Next47 to its investment fund. With these …
Continue reading “Mubadala leads US $ 60 million financing of US logistics platform”
Freddie Mac released the results of its Primary Mortgage Market Survey, showing the 30-year fixed mortgage rate dropping to a new 2017 low. 30-year fixed-rate mortgage (FRM) averaged 3.88 percent with an average 0.5 point for the week ending June 29, 2017, down from last week when it averaged 3.90 percent. A year ago at this time, the …
Continue reading “Freddie Mac : 30-year fixed mortgage rate hits new low”
Freddie Mac has released the results of its Primary Mortgage Market Survey, showing average mortgage rates holding steady for the week. 30-year fixed-rate mortgage (FRM) averaged 4.02 percent with an average 0.5 point for the week ending May 4, 2017, down from last week when it averaged 4.03 percent. A year ago at this time, the …
Existing-home sales took off in March to their highest pace in over 10 years, and severe supply shortages resulted in the typical home coming off the market significantly faster than in February and a year ago, according to the National Association of Realtors®. Only the West saw a decline in sales activity in March. Total …
Continue reading “U.S. existing-home sales jmped 4.4% in March : NAR”
Builder confidence in the market for newly-built single-family homes remained solid in April, falling three points to a level of 68 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) after an unusually high March reading. “Even with this month’s modest drop, builder confidence is on very firm ground, and builders are …
Continue reading “NAHB : U.S. builder confidence holds firm in April”
Singapore is the most expensive city in the world for the fourth year running, according to the Worldwide Cost of Living 2017 survey released by The Economist Intelligence Unit. Hong Kong remains second, closely followed by Zurich. The Economist ranked 140 cities around the world based on their comparative costs of living. The latest survey has …
Continue reading “The ten most expensive cities in the world”
Singapore is the most expensive city in the world for the fourth year running, according to the Worldwide Cost of Living 2017 survey released by The Economist Intelligence Unit. Hong Kong remains second, closely followed by Zurich. The Economist ranked 140 cities around the world based on their comparative costs of living. The latest survey has …
Continue reading “The ten most expensive (and cheapest) cities in the world”
QInvest, Qatar’s leading investment bank and one of the region’s most prominent Islamic financing institutions announced today the acquisition of a plot of land on South Boulevard in Charlotte, North Carolina, USA, in conjunction with a GCC investor. The property, which is located in a highly sought after area of Charlotte, will be developed into …
Investcorp, a leading provider and manager of alternative investment products, announced that its U.S.-based real estate arm has invested in three multifamily housing properties in New York, California, and Nevada for a total purchase price of nearly $400 million. All three properties are located in markets which benefit from robust fundamentals in the multifamily space. …
