Hidden away atop a hill in Bel Air sits the world’s largest home. Surrounded on three sides by a moat, this record-breaking, modern-day castle floats above the city, overlooking Los Angeles.
The hilltop home, appropriately titled “The One,” makes its mark as the most expensive home in the United States, listed at the current asking price of $340 million. According to Architectural Digest, the recently-completed 105,000-square-foot property, includes 42 bathrooms, 21 bedrooms and a 5,500-square-foot master
Source: Meet ‘The One:’ World’s Largest Home For Sale in Los Angeles
Back in October 2018, St. Pete Rising broke the news about an 11-story Marriott Tribute hotel that was to be built in the EDGE District at the corner of 11th Street and 1st Avenue North.
The 135-key hotel was proposed by Michigan-based DevMar Development, whose first residential project in St. Pete, Vantage, began move-in’s in May 2020. DevMar Development closed on the hotel site in January 2020 for $3 million. But unfortunately, due to COVID-19, hotel financing has all but dried up. As a result, DevMar ha
Source: EDGE District hotel is dead, but a new proposal has emerged — St. Pete Rising
Can a homeowners association have too much cash in reserves?
A: Your question is interesting, because we haven’t encountered too many homeowners associations with reserves that are too high. We usually hear about HOAs that have no reserves or too little in the way of cash on hand. When something goes wrong or whenever there is a need for additional funds that are outside of the annual budget, these associations are quick to levy special assessments on their owners.
Source: Homeowner concerned HOA has too much cash reserve
Investors looking to bolster their income portfolios have long looked to dividend-friendly real estate investment trusts (REITs) to get the job done. But recently, the appeal of high-yield REITs has intensified, thanks to changes to conventional investing wisdom.
For more than a quarter century, the “4% rule” governed many investors’ withdrawals from retirement savings. According to this rule, investors would have sufficient funds in their portfolio to last a lifetime if no more than 4% was withdrawn from the portfolio in year one of retirement, with the withdrawal rate in subsequent years increasing only as much as needed to keep pace with inflation. Dividend investors, then, could comply with the 4% rule and never need to touch their principal by building a portfolio that yields 4%.
Source: 11 High-Yield REITs to Buy for Big Income
These daughters of a wealthy physician were world travelers before Katherine discovered Sarasota in 1903. Miss Daisy and their mother followed a few years later, searching, as had so many others, for the salubrious climate that Sarasota promised.
McClellan Park is an early forerunner of today’s modern housing developments. Platted by Katherine Elizabeth McClellan of Massachusetts and marketed by her and her sister, Daisietta “Miss Daisy” McClellan. The development occupied a 56-acre tract complete with bay views, a clubhouse, a private yacht basin and social amenities. These daughters of a wealthy physician were world travelers before Katherine discovered Sarasota in 1903. Miss Daisy and their mother followed a few years later, searching, as had so
Source: Real History by Jeff LaHurd: Sarasota’s early housing developments
YIMBY recently sat down with Jerry Pi, of the eponymous Pi Capital Partners, whose principals are comprised of Jerry and his father. From developing affordable and market-rate housing in the Outer Boroughs, to a new skyscraper in Midtown Manhattan just steps from the Empire State Building, the firm’s activities in New York City have been extensive. Today’s interview covers the firm’s origins, the importance of transportation and infrastructure improvements to a functioning Midtown Manhattan, and what may be
Source: Ten Questions With Jerry Pi of Pi Capital Partners on Developing in 2020, Fixing Midtown, and What’s Next For Queens