Category: Real Estate News

Zendaya’s Homes: Inside the ‘Dune’ Star’s Real Estate Portfolio

Zendaya’s success can be attributed to many things, including her ability to know what she wants and to go for it. This same applies to Zendaya’s homes, which she’s selectively curated over the years to create a formidable real estate portfolio. Her former interior designer Brittaney Elise, who has also worked with the likes of Michael B. Jordan and Selena Gomez, once called the Challengers actor’s taste “immaculate.” Zendaya, in typical humble fashion, demurred, telling Architectural Digest that the two “worked really well together,” complimenting Elise for how she “transformed her ideas into a beautiful reality.”

She was likely downplaying her influence on the design of her homes, however—after all, the former Disney star’s penchant for stylish nesting has even extended to her Dune costar Timothée Chalamet’s bachelor pad. During a joint interview on Jimmy Kimmel Live, Zendaya shared how she helped outfit Chalamet’s NYC apartment with “a few necessities” like cups, plates, and cleaning supplies. “The vibe was very teenage boy,” she said. Below, we’re sharing a glimpse into Zendaya’s bicoastal homes, each with its own distinct vibe—none of which is, thankfully, “teenage boy.”

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Rekha Jhunjhunwala Purchases High-End Apartment In Mumbai’s Malabar Hill For… | Real Estate News

Ace Investor Rekha Jhunjhunwala Adds Luxury Apartment in South Mumbai to Portfolio (Image Source: PTI)

Ace investor Rekha Jhunjhunwala has made a purchase, acquiring a luxury apartment situated on the prestigious Walkeshwar Road in south Mumbai’s Malabar Hill area, for a sum exceeding Rs 11.76 crore.

The apartment, boasting a carpet area of 1,666 square feet, is located on the third floor of the esteemed residential tower, Rockside Apartments. In addition to the apartment, Jhunjhunwala will enjoy exclusive access to a designated car parking slot within the nearly 50-year-old building.

As reported by The Economic Times quoting IndexTap.com, Jhunjhunwala has paid Rs 58.81 lakh as stamp duty for the registration of this transaction, which was finalized on March 15.

This acquisition follows a recent investment move by Rekha Jhunjhunwala-backed Kinnteisto LLP, which had acquired prime office space worth approximately Rs 740 crore in commercial towers within Mumbai’s bustling business districts of Bandra-Kurla and Andheri, as reported by ET in November.

The report added that Rekha Jhunjhunwala, known as one of India’s most prominent investors, is the wife of the late billionaire stockholder Rakesh Jhunjhunwala. Rakesh Jhunjhunwala, often liked to India’s Warren Buffett, garnered acclaim throughout his four-decade investing career

Passed legislation aims to curb ‘despicable’ wholesale real estate practice | News

SOUTHERN INDIANA — A piece of recently passed Indiana legislation is aimed at eliminating the practice of real estate wholesaling and protecting consumers.

House Bill 1068 was signed by Gov. Eric Holcomb on March 11 after unanimously passing the House and Senate.

Rep. Ed Clere, R-New Albany, wrote the legislation, and has been a real estate broker for the past 20 years. He said there are two parts of the legislation, but both sections have the goal of consumer protection.

Clere said he introduced similar legislation last year where it passed the House but not in the Senate.

The first part addresses real estate wholesale, an action in which an unlicensed real estate solicitor convinces another person who owns property to sell it for a fraction of the cost, and turns around and sells to another buyer for the market price.

“They think they’re selling the house to the wholesaler, but they’re getting permission to go out and market the property to others,” Clere said.

The victims of the practice are typically vulnerable homeowners like seniors and those facing hardships like home repairs they can’t afford or medical issues.

“It’s a despicable practice,” Clere said.

The legislation will require disclosure

Interest rate cuts could soon diminish real estate investment opportunities in Ontario

Published March 22, 2024 at 5:47 pm

Real estate investment opportunities across the GTA and Ontario, such as the purchase of a new condo, could diminish soon due to interest rate cuts.

The Bank of Canada has indicated that it will cut its overnight lending rate three to five times this year. It’s a certainty that condominium prices will start increasing immediately after the first announcement, says Diane Bertolin, partner at Alliance United Corporation, a developer with over 30 years of collective experience.

The central bank’s rate cuts will likely begin in June. If five cuts do indeed occur, that will most likely bring its overnight lending rate to 3.75 per cent — which also means that condo prices could start increasing as early as July, making now the ideal time to purchase a condominium.

“There’s an inverse relationship between interest rates and condo pricing because vertical homes are the affordable alternative to single-family homes, which sell for more than $1 million, in the Greater Toronto Area. That means, according to historical trends, condo prices will increase as interest rates reduce,” Bertolin said.

Diane Bertolin, partner at Alliance United

Canada’s central bank had previously

What’s changing in Utah’s housing market after real estate lawsuit settlement

Estimated reading time: 2-3 minutes

SALT LAKE CITY — The spring home buying season is here, and realtor Alicia Holdaway says Utah’s housing market is getting busy.

“We’re seeing multiple offers come back,” Holdaway told KSL-TV on Monday. “We’re seeing open houses with dozens of people through them again.”

The pickup in buying comes at a time when the real estate world is undergoing a major shakeup. As KSL reported last week, the National Association of Realtors has agreed to settle lawsuits accusing the organization of keeping real estate agent commissions artificially high.

The National Association of Realtors has agreed to pay $418 million to home buyers who have sued over that premises. The group also has to change its rules to prohibit seller’s agents from promising compensation for buyer’s agents on the site where homes are listed for sale.

Commissions will now have to be negotiated separately.

“The idea that commissions should be transparent — at least from my experience — they have,” said Kreg Wagner, general counsel at the Utah Association of Realtors. “They have been negotiable.”

Holdaway echoed that.

“It’s always been negotiable,” she said, “but the consumer may feel more empowered to negotiate.”

Experts say this

What NAR’s $418M Settlement Signifies for Buyers, Sellers, and Agents

The real estate industry gears up for a major shift

A groundbreaking settlement of $418 million was published last week by the National Association of Realtors (NAR). The settlement is set to lead the most extensive reforms the US real estate market has seen in a century.

The settlement and multiple rule changes will reshape how millions of buyers and sellers perform real estate transactions, and how the agents representing them get paid.

Here’s what homebuyers, sellers, brokers, and agents need to know about the upcoming changes in residential real estate.

Check your home buying options. Start here

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Why the NAR settlement?

The NAR settlement came about following a federal class-action antitrust lawsuit, Burnett v. National Association of Realtors et al., initiated in Kansas City, Missouri. Last October, a jury ruled in favor of the plaintiffs, agreeing that NAR and major brokerages colluded to artificially raise seller commissions.

Check your home buying options. Start here

The Burnett case represents just one of over 20 similar lawsuits filed by home sellers against NAR and several major brokerages. Sellers argued that the association’s regulations governing properties listed on its affiliated Multiple Listing Services (MLS) unjustly supported agent

Legal & General hires head of real estate capital raising

Legal & General Investment Management (LGIM) has hired Abrdn’s Neil Meikle to boost its private assets expertise.

Meikle was previously global head of real assets and private credit investment specialists at Abrdn.

He has been appointed to the newly-created role of head of real estate capital raising at LGIM, according to Citywire.

Read more: BlackRock hires global co-heads of real estate

“LGIM has a clear intention to continue to take its market-leading capabilities and sustained track record across the real estate sector to clients, globally,” an LGIM spokesperson told Citywire.

“Neil will be reporting into our head of sales, Christy Lindsay; actively fundraising the platform’s existing products, supporting future real estate solutions and strategies, and playing a key role in the expansion of Legal & General’s overall private markets offering.”

Read more: Federated Hermes expands real estate team with new hire

LGIM has been clear about its plans to expand its private assets business. In January, it submitted a regulatory application to launch a private assets fund for defined contribution pension investors.

Read more: $500bn opportunity for commercial real estate private debt

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No. 1 Ram Island, Little Swanport was the most popular Tas property on realestate.com.au

High-profile former Mornington Peninsula builder Ralph Mansfield and wife Caralyn have shaved $1m+ off the asking price of their Tasmanian private island.

Between 1986-2018, Mr Mansfield ran a design and construction company, working for the likes of ex-Lord Mayor of Melbourne Ron Walker and his family; another former Melbourne Lord Mayor, architect Richard Meldrum; and clothing labels Billabong, Quiksilver and Surf Dive ‘n’ Ski.

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No. 1 Ram Island, Little Swanport was the most popular Tas property on realestate.com.au

Ram Island, East Coast Tas. Picture: Supplied

The kitchen and floating staircase to the second floor.

More than two decades ago, the Mansfields purchased the 26.7ha Ram Island and built a three-bedroom house there.

Last year, they put the island on the market with a $7m price tag which has now been reduced to $5m-$6m.

Peterswald for property’s Nick Morgan has the listing in conjunction with RT Edgar director James Hatzolos, who is handling inquiries from Victorian buyers.

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Carlton North: Former Hawk Angelo Lekkas and wife Renata list renovated terrace house

280 Canning St, Carlton North - for herald sun real estate ar

Former Hawk Angelo Lekkas and his family are selling 280 Canning St, Carlton North.

Former Hawthorn midfielder Angelo Lekkas and wife Renata are handballing their much-loved Carlton North house with $2.8m-$2.95m price expectations.

Lekkas played 180 games with the Hawks across 11 seasons.

After suffering a minor stroke following a 2005 practice match, doctors feared Lekkas would suffer some form of ongoing paralysis, but he completed rehabilitation and returned to the game within months.

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After announcing his retirement later that year, he went on to become a National Stroke Foundation ambassador and AFL multicultural ambassador.

He now runs a sports coaching company for young footballers and a mortgage broking business.

Lekkas said he and Renata purchased their Victorian-era freestanding terrace house at 280 Canning St in 2002 – the same year he represented Australia in the International Rules series – fulfilling their long-held dream to live on the street.

“I don’t think you can live in a better location in Melbourne than

California Real Estate Brokerage Responds To NAR Settlement With Innovative Solutions For Agents And Consumers

LOS ANGELES, CALIFORNIA, UNITED STATES, March 22, 2024 /EINPresswire.com/ — In light of the National Association of REALTORS^® (NAR) proposed settlement for class action lawsuits, Rudy Lira Kusuma, CEO of Carsten Phillips Inc. (doing business as “Your Home Sold Guaranteed Realty”) in California, is leading the charge in revolutionizing real estate practices to benefit both agents and consumers. Kusuma’s forward-thinking approach has long championed the autonomy of real estate agents in setting, negotiating, and collecting their own fees, particularly when working with buyers. This strategy not only empowers agents but significantly benefits consumers by providing VIP buyers with exclusive access to off-market and unlisted homes, thereby broadening their choices and opportunities beyond the traditional MLS listings.

Kusuma’s innovative home selling marketing system is a game-changer in the industry, boasting a database of over 100,000 buyers in waiting and generating more than 3,000 new inquiries from potential buyers and sellers each month. This robust system ensures that Your Home Sold Guaranteed Realty’s VIP seller clients receive multiple cash offers, setting a new standard in the real estate market. Unlike traditional methods where agents passively wait for buyers, Kusuma’s team actively markets to a ready and waiting pool of potential buyers,