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The Latest Breaking News on Real Estate

New Jersey's top federal prosecutor testifies for government in Sen. Bob Menendez prosecution

New Jersey's top federal prosecutor says Sen. Bob Menendez sought to discuss the prosecution of a New Jersey real estate developer with him before recommending him to be nominated as U.S. attorney after Joe Biden won the 2020 presidential election

The Independent UK

All eyes on LNP leader as election cards laid on table

Opposition leader David Crisafulli has made a pre-election pitch focusing on housing but has vowed to scrap a controversial energy project.

AAP

NYC considers ending broker fees for tenants, angering real estate industry

A proposal seeking to eliminate a hefty price tag for New York City renters is drawing fierce opposition from the real estate industry

The Independent UK

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It could take San Francisco 18 years to recover from flood of empty office space after tenants fled the city

Layoffs, hybrid work polices and a slow economy have contributed to the city’s vacancy problem

The Independent UK

WeWork has emerged from bankruptcy. What's next for the co-working office space provider?

WeWork has officially emerged from bankruptcy — and appointed new leadership in the process

The Independent UK

"Egregious" Kushner deal faces probe

Senate Finance Committee Chairman Ron Wyden is investigating Saudi support for Jared Kushner's private equity firm

Salon

Thousands of short-stay rentals flouting registration rules in Sydney, research finds

Council calls for more regulation of short-term rental properties listed on hosting sites such as Airbnb as industry hits back

The Guardian - AU

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Comment: 'We deserve more than reheated housing ideas and AI slop'

We can build enough quality homes without naff AI-generated visions of a past that never was

Evening Standard

Federal Reserve is likely to scale back plans for rate cuts because of persistent inflation

Federal Reserve officials on Wednesday will likely make official what’s been clear for many weeks: With inflation sticking at a level well above their 2% target, they are downgrading their outlook for interest rate cuts

The Independent UK

Melbourne councillor pushes to double rates for property investors and halve them for owner-occupiers

James Conlan of Merri-bek council says the change would make investing in the area ‘less attractive’ and free up more homes for first-time buyers

The Guardian - AU

China’s glut of idle property causes headache for the government

The industry that has traditionally powered about a quarter of GDP has been in a downward spiral that policymakers have struggled to halt

The Guardian - UK

Permits for Airbnbs required amid city rental crisis

Brisbane Lord Mayor Adrian Schrinner is set to introduce a permit system for short-term accommodation including Airbnb.

AAP

3 REITs for Reliable Passive Income

Considering the dependable passive income through dividends that REITs offer, they present a compelling choice for income-focused investors. Therefore, it could be wise to explore investments in robust REITs such as Simon Property Group (SPG), Lamar Advertising (LAMR), and Gaming and Leisure Properties (GLPI) for reliable passive income. Read on.

StockNews.com

“Big, bold typography is key”: Squarespace’s Brand Design Director on how to make your website stand out

Satu Pelkonen lets us in on a few tips and tricks for getting your website noticed.

Creative Bloq

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The National (Scotland)

Controversial Edinburgh hotel and stake in St James Quarter put up for sale

A CONTROVERSIAL Edinburgh hotel known locally as the “golden jobbie” has been put up for sale less than a year after opening.

The Guardian - AU

Australian capital city rents have biggest monthly fall in over four years but crisis ‘far from over’

Sydney house rents still nation’s highest but an expected rise in vacancy rates this winter could provide some relief to tenants, expert says

The Texas Tribune

With new platform, Texas Democrats may find common ground with Republicans on housing affordability crisis

The Democrats’ recently approved platform includes calls to loosen zoning rules, which housing experts believe contribute to high housing costs.

Al Jazeera

Bangladesh’s ‘missing billionaires’: A wealth boom and stark inequality

A newly built residential complex is Dhaka’s most expensive building, highlighting the country’s economic disparity.

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The Guardian - AU

No interest rate relief predicted this year, major bank tells mortgage holders

ANZ first big bank to push prediction of Reserve Bank interest rate cut into 2025

The Independent UK

Twin real estate heirs accused of raping two women in disturbing lawsuits

A lawyer representing the Alexanders described the lawsuits as nothing more than a ‘shakedown’

Newcastle Herald

From Newcastle Herald journalist to Property Council director

Long-time readers may remember Amy De Lore's

Evening Standard

London's European renters are having a 'soft rebound' after the post-Brexit exit

The number of EU citizens renting in the capital dropped 57 per cent after Brexit

Evening Standard

Bowled over: Four sporty penthouses overlooking Lord's Cricket Ground hit the market for £7.75 million and up

Residents will be able to watch matches without leaving the comfort of their homes in St John’s Wood

Evening Standard

Next PM should focus on ‘housing, housing, housing’

Fiona Fletcher-Smith, the leader of the G15 group for social builders, urges housing-centric update to Tony Blair’s famous mantra about education

Evening Standard

London social housing crisis costing UK economy nearly £8 billion, new research says ahead of election

‘Simple’ reform of setting rents over multiple years would help unblock new building, industry says

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