investment Archives - Page 2 of 7 - Rava Realty

If Bill bets on hospitality, we can too

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If Bill bets on hospitality, we can too

Bill Gates’ Cascade Investment is taking a swing in the hotel industry, paying more than $2 billion to take control of Four Seasons Hotels & Resorts.

The purchase will give Cascade a 71.3% stake and operating control of Four Seasons.

Gates is taking a risk in a hotel market that has been struggling throughout the pandemic, despite showing some signs of life more recently.

Four Seasons, founded in 1960, has more than 100 hotels and resorts around the world and went public in 1997 when Cascade first invested in the business.

(source: therealdeal.com image: ...

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$230M for Boca Raton apartments, the priciest multifamily sale of the year

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$230M for Boca Raton apartments, the priciest multifamily sale of the year

A new apartment community in Boca Raton sold for $230 million, marking the most expensive multifamily sale in South Florida this year.

Giles Capital Group, Rosemurgy Properties, Schmier Property Group and Wheelock Street Capital sold the 456-unit, seven-building development to Atlanta-based Cortland.

The Residences at Uptown Boca was completed last year, and the sale breaks down to about $504,000 per apartment. Units range from 718 square feet to 1,737 square feet and from one to four bedrooms.

According to the release, the Boca community includes a 24-hour gym and ...

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Miami is getting new amenities

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Miami is getting new amenities

A key stretch of Downtown Miami’s baywalk has been opened to the public. With the newly opened space, pedestrians will now walk along the bay on an uninterrupted path that starts from behind the Perez Art Museum near I-395 to the Miami River. Construction has been underway since at least 2019.

Soon, the walkway will be further extended. A pedestrian bridge has been planned to connect it beyond the I-395 to the Resorts World Miami and towards Edgewater. A pedestrian bridge that could even become a new tourist destination as the city is considering a $20 million plan to ...

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The most expensive townhouse of Upper West Side

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The most expensive townhouse of Upper West Side

After nearly five years of construction, located at 32 West 76th St., the most expensive Upper West Side townhouse is finally hitting the market at the price of $27.5 million.

Situated just off Central Park, the residence comprises six bedrooms and eight bathrooms and spans a massive 10,635 square feet. The entire townhouse was rebuilt from the ground up, with construction beginning in 2015.

Amenities include a high-speed elevator, a home gym, an indoor basketball court, a wine cellar, a luxurious outdoor space, and an expansive roof deck with an outdoor kitchen.

“Eventually it all worked out, but the basketball ...

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NYC could become the most expensive rental market in the United States

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NYC could become the most expensive rental market in the United States

According to a recent Zumper’s report, the city’s median rent for a one-bedroom apartment — $2,680 — is currently the second-highest in the nation, only $40 behind San Francisco’s $2,720, and New York City has seen much more growth than San Francisco in recent months.

The city posted a 4.3 percent month-over-month gain in median one-bedroom rent in July, making prices just 5.6 percent lower than they were this time last year; in comparison, San Francisco prices are currently down 15 percent compared to the previous year.

“With the COVID vaccine widely available, renters are adapting to a ...

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Overseas investors are coming back to NYC

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Overseas investors are coming back to NYC

The Covid-19 pandemic has made it almost unrealistic for international investors to purchase real estate in New York City and the United States in general. Either because of some objective impediments such as travel restrictions or uncertainty about what would happen at the market level, especially luxury and high-end investments.

However, some real estate agents, including us, are seeing a rebound in international interest.

With the easing of restrictions and pandemic measures, overseas buyers are enticed by the idea of getting discounts and the feeling that this window of time is already closing. In fact, according to the consistently ...

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