Real Estate

  • Real Estate

    House Hunting in Guatemala: Among Volcanoes in Antigua for $299,000

    A Two-Bedroom Townhouse in Antigua, Guatemala $299,000 This two-bedroom townhouse sits in a gated community on the outskirts of Antigua, the colonial city and UNESCO Heritage Site surrounded by volcanoes in the highlands of central Guatemala, about 25 miles west of Guatemala City. “It’s close to Antigua, but not in the hustle and bustle of the commercial areas,” said Glenn Wilson, an agent with Century 21 Antigua Fine Homes, which has the listing. The 39-home development is laid out as “a big square, and in the middle of the square there’s a park with benches, gardens.” From various places on the grounds, he said, residents can eye the dormant Agua…

    Comments Off on House Hunting in Guatemala: Among Volcanoes in Antigua for $299,000
  • Real Estate

    Richmond Dragway crosses finish line with $3M sale to real estate investor

    For decades, the Richmond Dragway ran around 75 events per year at its track. (Courtesy of Richmond Dragway) The family behind the longtime Richmond Dragway has cashed out its real estate, marking the final chapter of nearly 60 years of racing on the eastern Henrico site. The quarter-mile dragstrip and its 72 acres at 1955 Portugee Road in Sandston sold in late December for $3.2 million. The buyer was an entity tied to Maryland-based investment firm Greenspring Realty Partners, county records show. Johnny Davis The seller was the Weis family, led by Johnny Davis, whose great-grandfather Pop Weis and great-uncle Dan Weis opened the track in 1964. Davis had been…

    Comments Off on Richmond Dragway crosses finish line with $3M sale to real estate investor
  • Real Estate

    Fargo, North Dakota, real estate: What you can get for $1.4M

    FOX Business’ Madison Alworth explains how homeowners and renters alike are feeling market pressure as mortgage and rental costs surge. Fargo, North Dakota, was founded in 1871 on the Red River, and is now the largest city in the state with a population of over 125,000. The city serves as a cultural center for the southeastern part of the Peace Garden State, with an array of events offered at its Fargodome and Civic Center, along with a host of museums and outdoor recreation.  Besides kid-friendly attractions like Thunder Road Family Fun Park in the warmer months and ice skating in Broadway Square in the winter, Fargo has an array of…

    Comments Off on Fargo, North Dakota, real estate: What you can get for $1.4M
  • Real Estate

    WATCH NOW: Viral videos show Henrico real-estate agent rescuing toddler found wandering dark street | Richmond Local News

    Renée Thompson-Truehart recounts how she saved a toddler who had wandered into the street in Highland Springs the night after last week’s snowstorm. Renée Thompson Truehart often posts pictures, videos and memes on TikTok, Facebook and Instagram — sharing everything from footage of family members having fun around the house to more serious commentary on cultural issues. So when she came across a toddler wandering in the middle of a dark street in Highland Springs in freezing temperatures, she started recording video from her phone even before she stopped her car to help the child. Ultimately, she rescued him and kept him…

    Comments Off on WATCH NOW: Viral videos show Henrico real-estate agent rescuing toddler found wandering dark street | Richmond Local News
  • Real Estate

    Shimao jumps on report it’s selling all of its real estate projects

    Pedestrians near the Riviera Garden residential property, developed by Shimao Group Holdings Ltd., in Shanghai, China, on Saturday, Jan. 8, 2022. Qilai Shen | Bloomberg | Getty Images Shares of Shimao spiked more than 20% on Monday after Chinese business publication Caixin reported the embattled developer is selling all of its real estate projects, both residential and commercial. As debt worries within China’s real estate sector mount, developers such as Evergrande have been attempting to sell off their assets in recent months to ease the cash crunch. The rally marked a turnaround from Friday’s session when Shimao’s stock plunged nearly 17% after Reuters reported it failed to make full repayment…

    Comments Off on Shimao jumps on report it’s selling all of its real estate projects
  • Real Estate

    China’s property problems spread to once-healthy developers like Shimao

    InterContinental Shanghai Wonderland, a luxury hotel developed by Shimao and managed by IHG, opened in 2018 and is pictured here on Oct. 11, 2020. Costfoto | Future Publishing | Getty Images BEIJING — One of China’s healthiest real estate developers has reportedly defaulted, a sign of how more pain is ahead for the heavily indebted industry. Shimao Group shares briefly plunged more than 17% Friday after Reuters reported the property developer failed to make full repayment on a trust loan. A subsidiary of the company subsequently said in a filing it was in talks to resolve the payment. Shares closed more than 5% lower in Hong Kong, while most major…

    Comments Off on China’s property problems spread to once-healthy developers like Shimao
  • Real Estate

    Inside Jeff Bezos’s Massive Real Estate Portfolio

    The Amazon founder splurged on a trio of Manhattan apartments overlooking Madison Square Park in early 2019, paying a total of $80 million. The Wall Street Journal reported at the time that Bezos’s over-the-top purchase could be one of the most expensive real estate transactions in New York City for the year. (Ultimately, however, a $240 million Manhattan penthouse beat out Bezos’s jaw-dropping purchase.) The acquisition included a three-floor, 10,000-square-foot penthouse with a grand ballroom, a three-bedroom unit below that with high-end finishes, and an adjoining four-bedroom pad with oversized windows on three of its four sides. 2020 The Blue Origin founder kicked off the year with the purchase of…

    Comments Off on Inside Jeff Bezos’s Massive Real Estate Portfolio