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Perth’s property boom has pushed more than 30 suburbs into the $2 million club, highlighting just how much capital growth has occurred – and where the market could head next. The rapid growth in Perth’s property market in recent years has seen more than 30 suburbs’ median values enter the $2 million club. According to…
Lula calls new US tariffs a mistake in Washington Post op-ed
Netflix (NFLX +1.73%) shares fell 8% after its second-quarter report on July 16, yet the streaming giant is on pace for its most profitable year ever. The company spent nearly $5 billion on stock buybacks, its largest quarterly repurchase activity on record, and management reloaded its buyback authorization to $27 billion. All of this comes…
Crews recently broke ground on a North Lawndale community, the Trumbull Collection, a group of nine market-rate three-flat apartment buildings. The $6.5 million project will replace eight vacant lots on the 1600 and 1800 blocks of S. Drake Ave. and S. Trumbull Ave. with 27 mid-density homes. The city-backed project is being led by Westside…
US investors may finally have a reason to trade single-stock futures. CME will list futures contracts on 55 of the largest US companies on July 27. The instruments are already popular in Europe, with over 750,000 contracts traded daily at Eurex. While two previous efforts to bring them to the US fell flat, this time…
Ten years ago, the directors of JPMorgan Global Growth & Income (LSE: JGGI) – then called the JPMorgan Overseas Investment Trust – adopted a new strategy to address the fund’s persistent discount to net asset value (NAV). The trust would invest globally without regard to income but pay an annual dividend of at least 4%…
Former Gov. Eliot Spitzer is taking the state he once ran to court, accusing its housing agency of “potential intentional misconduct” for sitting on his application to demolish 985 Fifth Avenue. It has been three years since Spitzer got Landmarks Preservation Commission approval for the luxury condominium he plans to build in its place, but…
A congressional subcommittee is probing brokerage giant Compass’ private listings partnership with the Midwest Real Estate Data multiple listing service to determine if it is anticompetitive. The House Judiciary Subcommittee on the Administrative State, Regulatory Reform, and Antitrust sent letters this week to Compass CEO Robert Reffkin and MRED CEO Rebecca Jensen requesting a briefing…
You don’t have to buy your first rental property—you can build one instead. Newer systems, fewer repairs, and that “brand new” feeling that tenants may pay more rent for. But…is it worth it? Building a small multifamily in a single-family area could let you house hack and own a rare property in your market, but…
HDC JPA Chair Kathryn Barger watches on July 9 as Juan Estrada of the International Association of Machinists and Aerospace Workers, signs a union labor agreement.Los Angeles County Supervisor Kathryn Barger’s office The California High-Speed Rail Authority has signed a memorandum of understanding with the High Desert Corridor Joint Powers Agency in the hope of…