Morgan Properties and Olayan America have purchased a portfolio of 48 U.S. multifamily properties for $1.75 billion. The seller was STAR Real Estate Ventures, a joint venture of El-Ad National Properties LLC and Yellowstone Portfolio Trust, according to a press release from Morgan and Olayan. It is Morgan’s largest acquisition since the Pennsylvania-based firm bought 95 multifamily properties for $1.9 billion two years ago. The 48 properties have 14,414 units, including 2,566 outside Baltimore and
The post Morgan Properties, Olayan America buy $1.75B multifamily portfolio appeared first on The Real Deal New York.
Actor Bryan Cranston has listed the eco-friendly Ventura County, California home he built during the final season of “Breaking Bad.” Cranston and his wife Robin Dearden bought the property the home sits on in 2007 for around $2.5 million, and completed the 2,450-square-foot house in 2013. It’s listed for just under $5 million, according to the Wall Street Journal. The actor — who told the publication that he’s an architecture “nerd” — helped design the
The post “Breaking” news: Bryan Cranston lists eco-friendly SoCal beach pad appeared first on The Real Deal New York.
Global luxury home sale prices ticked up slightly in 2020, as pent-up demand created by coronavirus lockdowns led to buying binges. The average price for a luxury home that sold rose 1.9 percent in 2020, compared to its 1.8 percent increase in 2019, according to Knight Frank’s Prime International Residential Index 100, cited by Mansion Global. While 29 of the 100 markets in the index reported year-over-year price declines — compared to 21 in 2019