Investors could expect more Chinese property developers to default on bond payments, but troubles in the real estate sector have not spilled over to other industries, an analyst said Tuesday. Financial distress among Chinese real estate firms came to forefront in the last few months as Evergrande and other developers struggled to repay their debt.
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A plunge may be looming for cryptocurrencies, housing and disruptive technology stocks tied to innovation. According to Rich Bernstein, an Institutional Investor Hall of Famer, the nation’s expiring easy money policies and historic supply chain backlogs are posing serious risks for some of the market’s most popular investments. “There’s a whole series of bubbles going
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The billionaire behind one of the UAE’s biggest property developers is taking the company he founded private, saying Dubai’s nascent real estate rebound is here to stay. “Amazing,” Damac Properties founder Hussain Sajwani said on Monday when asked to describe the recovery in Dubai’s bust-to-boom property sector, which is on an upswing after years of
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“Marvin’s Room” just got an upgrade. The singer recently rented out a newly built, 18,000-square-foot Beverly Hills abode worth $65 million. And its most pleasing attribute is the architectural design, which incorporates elements of nature and includes a meticulously designed courtyard with a 20-foot cascading water wall situated behind a 150-year-old Mediterranean olive tree shipped from Italy,
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UPDATE: A showbiz-pedigreed property in L.A.’s celeb-studded Toluca Lake community, once home to Walt Disney’s late nephew Roy E. Disney and now owned by the former Disney executive’s surviving wife, came up for sale about two months ago at almost $5 million. Listed with Jennifer Hughes at Bulldog Realtors, the lakefront property is now in
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Veteran industry executive and film producer Donald De Line has hung a $10.5 million price tag on his soigné French Regency-inspired villa in a prime pocket of L.A.’s prestigious Hancock Park neighborhood. “The Italian Job” producer, who’s working on the long anticipated, Margot Robbie-starring feature “Marian,” based on the Robin Hood folk tales, acquired the
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Variety‘s Dirt, the publication’s coverage of breaking real estate news, is expanding to its own stand-alone site Dirt.com, Variety and the Penske Media Corporation announced Monday. The site is joining a large number of PMC media brands that includes Variety, Rolling Stone, Robb Report and Deadline.com. Dirt will still maintain its partnership with Variety, and its content
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