Billion

Cash-Rich Buyers Are Propping Up the Luxury Real Estate Market—With the Value Set To Swell to More Than $338 Billion by 2030

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Cash-Rich Buyers Are Propping Up the Luxury Real Estate Market—With the Value Set To Swell to More Than $338 Billion by 2030

While the national housing market continues to struggle with affordability constraints and elevated mortgage rates, the luxury segment is booming, and projected to reach a total value of more than $338 billion by 2030.  The domestic residential real estate market is currently valued at roughly $289 billion, but over the next five years, it is expected … Read more

Ken Griffin Plans To Build Private Yacht Marina in Miami—Adding Even More Value to His $1 Billion Property Portfolio

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Ken Griffin Pushed the Luxury Home Market to New Highs—For Better or Worse

Even billionaires can have trouble finding parking—especially if it involves a megayacht. Billionaire Ken Griffin could not find a place to park Viva, his 308-foot boat behemoth, near his estimated $170 million 6.5-acre compound on Star Island, so he’s going to build a megamarina across the bay. The exact parking spot will be at 120 … Read more

Uncertainty Grows Around Google’s $19 Billion Downtown West Project in San Jose

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Uncertainty Grows Around Google’s $19 Billion Downtown West Project in San Jose

When Google’s Downtown West project received unanimous approval from the San Jose City Council in 2021, the ambitious 80-acre development was heralded as a once-in-a-generation transformation for California’s third-largest city. Set in the heart of downtown San Jose near Diridon Station, the plan was intended to blend housing, jobs, public transit, parks, and cultural amenities … Read more