Market Updates – The Mansour Team
Kitchener Waterloo and The Waterloo Region's Best Choice for Real Estate!
Rental activity is surging in many parts of New York City. Getty The median rental price in Manhattan rose sharply last month, according to newly released data from Douglas Elliman. Net rents in the borough jumped 8.8% compared to April, while in Brooklyn prices increased by a comparatively modest 1.1%. Prices in both boroughs are…
Read More →
Smart-lock maker Latch began trading on Monday. Latch Smart-lock startup Latch began trading Monday through a SPAC listing that raised $453 million and values the company at over $1.5 billion. The shares, issued through a special purpose acquisition vehicle run by Tishman Speyer Properties, rose 4% on the first day of trading. “Using the Tishman…
Read More →
Homeward CEO Tim Heyl Homeward Real estate financing startup Homeward completed a $371 Million Series B round that values the three-year-old business at more than $800 million. The round, which included $136 million of equity funding and $235 million in debt financing, comes as continued demand for housing has led to a boom in all-cash…
Read More →
Areas of New York City are experiencing extreme competition for apartment rentals. Getty For a few short months, it looked like renters in New York City were finally getting their revenge. After years of facing exorbitant broker fees, questionable landlords and cutthroat competition for highly priced tiny places, the pandemic flipped the script. Suddenly, panicked…
Read More →
Exterior of Barron Hilton’s Bel Air estate. Hilton & Hyland After 60 years, the Hilton family’s historic Bel Air estate has finally changed hands. According to records posted to the Multiple Listing Service, the property sold for $61.5 million, below its $75 million listing price, but still good enough to mark one of the biggest…
Read More →
Thirty-one real estate companies made The Global 2000 list this year. Getty Global real estate firms rebounded this year, as the panic of the pandemic’s early days appears to have cooled. Of the 31 real estate firms on The Global 2000, Forbes’ annual ranking of the world’s largest and most impactful public companies, more than…
Read More →
Lease signings continue to surge across New York City. Getty Last month, the median rental price in Manhattan by 4% compared to March, the first dip in five months, according to new data from Douglas Elliman Real Estate and Miller Samuel. Those deals, as well the city’s continued reopening, helped push the number of new…
Read More →
Robert Kraft is the reported buyer of a $43 million mansion in the Hamptons. Google Maps New England Patriots owner Robert Kraft is reportedly the buyer of a $43 million mansion in Southampton, New York, closing on what appears to be his most expensive home through a private, off-market transaction. Such closely held deals, called…
Read More →
Dwayne ‘The Rock’ Johnson closed on a $27.8 million off-market home in April. RB/Bauer-Griffin/GC Images On Manhattan’s Billionaires’ Row, just off Central Park, a luxury four-bedroom residence is up for sale. Featuring ten-foot ceilings, four-and-a-half bathrooms and an eat-in kitchen, the unit also includes 24-hour concierge service. The catch? Good luck finding it on the…
Read More →
Stephen Schwarzman speaks during a television interview in 2019. Roy Rochlin/Getty Images The fortune of Blackstone CEO Stephen Schwarzman reached a record high of $26.8 billion this week, as the soaring share price of the private equity firm he cofounded has added $11 billion to his net worth in the past year. Schwarzman was listed…
Read More →