Share to facebook Share to twitter Share to linkedin One of China’s richest real developers has lost $2 billion of his fortune in the past two days following word of his detention in Shanghai. Wang Zhenhua was removed as chairman of Future Land Development Holdings after he was held by a district public security bureau
Real Estate
Spelling Manor Front Jim Bartsch The former Spelling Manor, custom built for television producer Aaron Spelling and his wife Candy in the late 1980s, has just sold after three years on the market by its most recent owner, Petra Ecclestone, heir to the Bernie Ecclestone and part of the Formula One fortune. She purchased the
La Follia from above Douglas Elliman There has already been one sale topping $100 million in California this week and now there’s another one to report on the other side of the country. La Follia, a 37,500-square-foot building on Palm Beach’s Intracoastal Waterway just closed for a $105 million, according to property deeds cited by
Several years ago hotelier Vasco Borges was investigating undeveloped land in the Turks and Caicos. As he cleared a path of the dense landscape with a machete he suddenly arrived at the end of a cliff. Borges discovered a beautiful new locale on the North Shore of Providenciales that he hadn’t seen before. The spot
In the United States, Opportunity Zones (OZs) have provided developers with new possibilities. The race is now on to determine whether renewable energy developers can catch up to their real estate counterparts in utilizing this new tool. Opportunity Zones are defined as: “economically-distressed communities where new investments, under certain conditions, may be eligible for preferential