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The pandemic untethered almost millions of Americans from traditionally popular places to live. After remote work broke the chains that bound many professionals to coastal metropolises, they flooded into suburbs, smaller cities, and vacation home spots.About 11% of Americans have moved, and mass relocations continue...

Summary List PlacementActor and model Pamela Anderson is selling her super-modern Malibu home for $14.9 million. The privately-gated property has a rooftop deck with a fireplace, a sauna, and a separate guest house. It also looks out onto a private lagoon and has access to a private beach. The property is owned by Anderson and her bodyguard who she married in December. Anderson is...

Summary List PlacementAn apartment that Lady Gaga used to live in has hit the rental market. The Manhattan apartment, in the heart of Lower East Side, costs $2,000 a month. The modest property has three rooms in total: a bedroom, a bathroom, and an open kitchen. It's located in a "well-maintained" 18-unit Stanton Street apartment block, which was built in 1900, according to Alex...

Summary List PlacementIn Hong Kong, there's a new rental record in town — a $2 million record, to be precise. A rental property in the Victoria Peak neighborhood of Hong Kong is being leased out for roughly $174,000 a month, or $2 million a year, the South China Morning Post reported. It's the most expensive rental recorded in Hong Kong history. "This should be...

Summary List PlacementIn affordable cities near major tech hubs that would typically attract homebuyers, rent prices have increased by double-digit percentages over the past year. According to a report released on Thursday from Realtor.com, rents have declined in expensive, tech-hub cities such as San Francisco, Washington, DC, and Seattle, while rents in more affordable cities like New Orleans and Sacramento have seen increases of...

Summary List PlacementThe wealthy have relocated in droves to seasonal vacation markets around the US during the pandemic. The Sun Belt and Rocky Mountains have experienced a significant amount of demand, according to the 2021 Luxury Outlook report by Sotheby's International Realty.  Affluent Americans — including millennials — have settled into beach towns and ski resorts from Florida to Wyoming, lured from major cities...

Summary List PlacementKnotel cofounder Edward Shenderovich is stepping back from his position as chairman, he told staff in a Tuesday night email obtained by Insider.  Shenderovich indicated he plans to return to the flexible workspace provider, which filed for Chapter 11 bankruptcy on Sunday.  Cofounder Amol Sarva, who has long served as CEO, "will wear both hats for now," Shenderovich wrote.  "Just to be...

Summary List PlacementDemand from big-name tech and finance firms looking for pricey, newly built office space in South Florida is igniting a commercial real estate boom. As major companies, C-suite executives, and startup founders migrate to the Sunshine State at an accelerated pace — thanks to the migration of businesses away from urban centers like New York City set off by the coronavirus pandemic...

Summary List PlacementBefore he was president-elect, Joe Biden had a long list of proposals with the potential to transform the real-estate industry.  His $640 billion, 10-year housing initiative was poised to affect everyone from those seeking affordable housing to real-estate investors. After the November election, Republicans seemed poised to retain a majority in the senate, acting as a block on some or all of...

Summary List PlacementWe're mapping the road ahead for real estate in 2021, including which towns, cities, and states to watch, how to navigate high home prices and low mortgage rates, and why Americans' housing preferences are shifting as a result of the pandemic.On January 20 at 1 PM ET, Business Insider real estate reporter Libertina Brandt will moderate a panel on how to invest...

Summary List PlacementMultimillion-dollar renovation projects are planned at Amazon offices across Seattle, according to recent building permit applications filed with the city, even as uncertainty remains about the company's office plans post-pandemic. This month alone, building permit applications have been filed for at least $9.1 million in office projects, including a nearly $6 million tenant improvement at 300 Pine St. known as Amazon's "Blueshift"...

Summary List PlacementHo-ho-hold off on unplugging for the holidays.  That's what top Fannie Mae execs are telling key employees as the mortgage giant braces for an update in the coming weeks regarding its bid to exit government conservatorship, according to sources familiar with the matter and internal communications viewed by Business Insider.  Government regulators are trying to orchestrate an 11th-hour release for Fannie and...

Summary List PlacementSalesforce's freshly-minted $27.7 billion deal to buy the workplace chat app Slack demonstrated the soaring value of essential technology that has helped companies and their employees transition to remote work during the pandemic. Now the cloud software giant has revealed it has its own plans to scale back its multi-million square foot office footprint in response to the pandemic. Salesforce's CFO Mark...

Summary List PlacementJoe Biden has been elected the 46th president of the United States. And as he approaches taking office on January 20, his policy proposals suggest some big changes, especially for the real-estate industry, per his housing plan. Ultrawealthy real-estate investors, middle-class homeowners, and renters in underserved communities, for a start, stand to have their experience with real estate changed by a Biden administration....

Summary List PlacementSidra Capital, a Saudi asset management and private equity firm, purchased a suburban Philadelphia life sciences and healthcare campus in a recapitalization deal that valued the property at $225 million. Spear Street Capital, a real estate investment firm, will retain a 10% minority interest. The deal was brokered by JLL.  The five-building, 855,600 square foot Arborcrest facility was completed in two phases,...

Summary List Placement Breather, a flexible-workspace firm that carved out a niche renting small spaces for short windows of time, has hired Moelis & Company and is exploring options including a potential capital raise or sale, according to two sources with direct knowledge of the matter.  A spokeswoman for Breather and a spokeswoman for Moelis, an investment bank and advisory firm that specializes in...

Summary List Placement Jeffrey Epstein's former Palm Beach mansion is planned for demolition, The Wall Street Journal first reported Monday. The beachfront residence was first listed in July for $22 million, along with Epstein's New York townhouse. The funds from the sales will contribute to Epstein's estate, which will serve as a compensation fund for victims of Epstein's alleged abuse, some of which took...

Summary List Placement Rabbits wrecked Sir Richard Branson's first entrepreneurial venture. Branson, the Virgin Group tycoon, planted Christmas trees in the backyard of his red-brick home in the English countryside when he was just a teenager. He planned to sell them at a profit, but rabbits ate up the saplings, decimating his merchandise. His next venture? Selling mail-order records. In 1971, at age 21,...