All articles tagged with #realestate
Bloomberg News reports that U.S. homebuilders are pursuing a plan to develop as many as one million homes under the Trump Homes brand, signaling a potential mass-market, Trump-branded housing push with details on licensing, funding, and timing not yet disclosed.
Prosecutors in New York opened their case against the Alexander brothers—two real estate agents and a third sibling—alleging a 12-year scheme to lure women with flights, luxury hotels, and parties, then drug and sexually assault or rape them, sometimes at glamorous destinations like the Hamptons. The defendants, who have pleaded not guilty and are held without bail, dispute the charges, arguing the conduct was consensual and that witnesses’ accounts are unreliable. The trial, expected to last about a month, will examine accusations of deception, coercion and criminalization of consensual sex.
Brothers Oren and Alon Alexander are being held without bail on state charges in Florida, pending a final ruling, as they face federal sex trafficking charges in New York. The indictment accuses them of a decade-long scheme involving drugging and sexually assaulting women. A third brother, Tal Alexander, is also charged federally, while a relative, Ohad Fisherman, remains at large. The Alexanders, prominent in real estate, deny the charges, with their lawyers stating they will plead not guilty.
The series premiere of "No Good Deed," a new Netflix dark comedy by Liz Feldman, introduces a complex ensemble cast centered around a mysterious house sale in Los Feliz. The episode sets up various character dynamics and secrets, including financial struggles, blackmail, and a past family tragedy involving the homeowners, Lydia and Paul Morgan. With a mix of humor and suspense, the show hints at deeper mysteries and relationships to be explored in future episodes.
Luxury real estate tycoons Oren and Tal Alexander, along with their brother Alon, have been charged with federal sex trafficking offenses in New York. The indictment accuses them of using their wealth and influence in the real estate market to lure and assault women over a decade, with allegations of drugging and raping dozens. The brothers, who were arrested in Miami, face multiple charges, including sex trafficking by force, fraud, or coercion. They have denied the allegations, with their lawyers stating they will plead not guilty.
Prominent real estate brokers Tal and Oren Alexander, along with their brother Alon, have been charged with sex trafficking, accused of drugging, assaulting, and raping dozens of women over more than a decade. The brothers allegedly used their wealth to lure women with promises of luxury experiences, then drugged and assaulted them. They face charges of sex trafficking conspiracy and sex trafficking by force, fraud, or coercion. Lawyers for the brothers have denied the accusations, while a lawyer for the victims welcomed the indictment, praising the courage of the survivors.
Federal prosecutors have charged real estate brokers Tal and Oren Alexander, along with their brother Alon, in a sex trafficking scheme involving the drugging and sexual assault of multiple women since 2010. The brothers allegedly used their status to lure women with promises of luxury experiences, then drugged and assaulted them. The charges include conspiracy to commit sex trafficking, with potential sentences of 15 years to life if convicted. The case involves incidents in New York, Miami, and other locations, with allegations spanning over 20 years.
Luxury real estate brokers Oren, Tal, and Alon Alexander have been arrested and charged with sex trafficking in New York, accused of drugging and assaulting dozens of women over a decade. The brothers allegedly used their wealth and connections to lure victims with promises of luxury experiences. They face life sentences if convicted. The arrests have led to their resignation from their brokerage firm, Official, and have highlighted issues within their former employer, Douglas Elliman Inc. Federal prosecutors are continuing their investigation, expecting more victims to come forward.
Steel magnate Barry Zekelman is investing $1 billion in modular housing through his company Z Modular, aiming to address the U.S. housing crisis by producing prefab apartment complexes more efficiently and cost-effectively. Despite the potential benefits, such as reduced reliance on scarce construction labor and improved durability against climate challenges, the venture faces challenges due to high capital costs and the cyclical nature of construction. Zekelman is considering partnerships or an IPO to fund expansion, hoping to scale the business globally.
Netflix has released the trailer for 'Selling the City,' a new real estate reality show set in New York City, premiering January 3. The series, a spinoff of 'Selling Sunset,' features top broker Eleonora Srugo and her team. The trailer reveals cast member Jade threatening legal action if certain footage airs. The show is produced by the creators of 'Selling Sunset' and follows previous spinoffs 'Selling Tampa' and 'Selling the OC.'
Scott Bessent, Donald Trump's nominee for Treasury Secretary, and his husband listed their Charleston mansion for $22.25 million just before the election. The couple, who bought the property in 2016 and renovated it extensively, are downsizing as their children study abroad. If confirmed, Bessent would be the first openly gay Treasury Secretary. The timing of the sale, just before Trump's announcement, has raised questions, but Bessent's spokesperson cited personal reasons for the move.
Red Lobster and TGI Fridays are closing numerous locations due to financial struggles, creating opportunities for fast-food and fast-casual chains like Chick-fil-A and Chipotle to expand into these spaces, often adding drive-thru lanes. The closures are part of a broader trend where sit-down restaurants are being replaced by more profitable fast-food outlets, driven by changing consumer preferences and economic pressures. The high demand for vacant restaurant spaces is also fueled by limited new construction and attractive locations on high-traffic streets.
Red Lobster and TGI Fridays are closing numerous locations due to bankruptcy, creating opportunities for fast-food and fast-casual chains like Chick-fil-A and Chipotle to take over these prime real estate spots. The shift is driven by changing consumer preferences towards more affordable and convenient dining options, such as drive-thrus, which are more profitable and require less staff. The demand for vacant restaurant spaces is high, with a low retail vacancy rate and limited new construction, making these locations attractive for new tenants.
Grace and Jacob Kocher purchased a 500-square-foot Disney cabin from Fort Wilderness for $53,375 to transform it into their tiny home. After living in an RV for three years, the couple sought a small, affordable home and found the cabin on Facebook Marketplace. Despite not seeing it in person before buying, they were drawn to its nostalgic value and cost-effectiveness. The Kochers have been renovating the cabin themselves, selling included furniture to fund updates, and plan to make it their permanent residence, with potential future rental opportunities.
Mortgage rates have increased for the sixth consecutive week, with the average 30-year fixed mortgage rate rising to 6.79%, impacting purchase demand in the housing market. This trend has led to a 10% decline in purchase applications over the past month, as many potential buyers and sellers await lower rates. Currently, about 80% of mortgage holders have rates below 5%, according to a Zillow survey.